What is DBB and what does it track?

Invesco DB Base Metals Fund (DBB) is an exchange-traded fund focused on the Commodities Focused sector, managing $302.58M in assets. The fund has been trading since 2007-01-05

How large is DBB and what does it cost to hold?

DBB currently manages $302.58M in assets. The annual expense ratio (TER) is 0.75%, deducted directly from fund assets. Portfolio turnover stands at 0%, reflecting how frequently holdings are replaced within a year. Lower expense ratios compound favorably over time – a 0.08% TER on a 10-year holding period adds up to meaningfully less drag than a 0.5% fund.

What are the largest holdings in DBB?

The three largest holdings are AGPXX (43.2%). Concentration in the top holdings means single-name events in these positions can have an outsized effect on the ETF's price.

Does DBB pay dividends or distributions?

DBB currently distributes a yield of 2.48%. ETF distributions are typically passed through from dividends and interest generated by the underlying holdings. The actual payout frequency depends on the fund structure – most sector ETFs distribute quarterly.

What is DBB's historical performance?

Reported performance for DBB: year-to-date 5.86%, 3-year cumulative 9.84%, 5-year cumulative 6.88%. Past performance is not indicative of future results. Returns reflect price changes only and may differ from total return figures that include distributions.

What is the current trend signal for DBB?

As of the most recent session, DBB closed at $25.12. The swing trend is negative with ADX at 37.2 (strong trend strength). Momentum is bearish and has been running for 7 trading days. A Golden Cross is in place All data is updated once per trading day after the US market closes.

When was the last Trendchange signal for DBB?

The most recent Trendchange signal for DBB fired on 30.07.26 at $25.04. The position has been open for 28 trading days. Performance after 10 days: +1.84%. The system's historical edge across 69 tracked signals is +3.34%. Trendchange signals are based on proprietary moving average crossover logic applied to end-of-day price data.

DBB – Invesco DB Base Metals Fund

ETF

Commodities Focused | Inception: 2007-01-05

Quick Stats

Trend Signal

$25.12

Last Close

Official EOD price – basis for all calculations

▼ Short

Swing Trend

Moving average structure confirms downtrend – bears in control

+3.34%

Signal Edge

Slim positive edge across 4 signals – treat with caution

37.2

Trend Strength (ADX)

Strong trend – directional signals reliable

Last Trendchange Signal

30.07.26

Date

Signal entry date

$25.04

Entry Price

Closing price at signal date

28d

Days Held

Trading days since signal

+1.84%

+10d

Return after 10 trading days

+0.92%

+20d

Return after 20 trading days

+0.92%

+30d

Return after 30 trading days

+0.92%

+60d

Return after 60 trading days

Trend Overview

Mixed Signals – Caution Composite Score: +2 / 7

DBB shows mixed signals. Some trend indicators are positive, others are neutral or deteriorating. The picture is not clear enough to lean heavily in either direction with conviction.

What to watch

This is not an environment that rewards aggressive positioning. Reduced exposure or cash is a valid stance.

DBB Price Chart

Technical Trend Analysis

As of 07.10.2026 · Close: $25.12 · ATR14: $1.13

Mixed Signals – Caution Composite Score: +2 / 7

DBB shows mixed signals. Some trend indicators are positive, others are neutral or deteriorating. The picture is not clear enough to lean heavily in either direction with conviction.

What to watch

This is not an environment that rewards aggressive positioning. Reduced exposure or cash is a valid stance.

Indicator	Signal	Detail
Swing Trend	▼ Short	Primary directional bias
Momentum	▼ Down · -7d	Strength: -0.27 – Rising
Trend Strength (ADX)	37.2 – Strong	ADX38: 8.0
Volatility (HV30)	17.6% – Rising	HV90: 16.9% \| HV180: 19.8%
Vola Compression	None	Normal range
MA Structure	Golden Cross ✓	Stack: Mostly aligned (2/3)
EMA21 Distance	-1.01 ATR ↑	EMA21: $25.31
GD200 Extension	1.7 ATR – Normal	GD20: -1.2 \| GD50: -1.2 \| GD100: -0.5

📉 Downside Momentum Intensifying

Downward momentum active for -7 days and still building (-0.27). Selling pressure is not easing.

💪 Trend Strength – ADX14: 37.2 (Strong)

A strong and well-defined trend. ADX38: 8.0. Trend-following has clear edge here.

🔺 Volatility Rising

HV30: 17.6% | HV90: 16.9% | HV180: 19.8%. Short-term vol is running above its 90-day average. Wider stops and reduced size may be appropriate.

⭐ Golden Cross – Long-term Bullish

Golden Cross in place. GD50 $25.47 above GD200 $24.65 by 3.30%. Long-term structure is bullish. MA stack: Mostly aligned (2/3).

📈 EMA21 – Trend Accelerating

Price is pulling away from the EMA21 ($25.31) with -1.01 ATR distance and growing.

📐 Key Price Levels & ATR Distance

GD20: $25.46 (-1.2 ATR) | GD50: $25.47 (-1.2 ATR) | GD100: $25.26 (-0.5 ATR) | GD200: $24.65 (1.7 ATR). ATR14: $1.13.

Monthly Performance History

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2010	-13.59	3.36	6.94	-5.73	-9.45	-3.24	12.64	-4.27	6.52	2.89	-6.17	9.65	6.59
2011	-1.07	1.45	-3.07	-1.34	0.00	1.28	4.80	-5.96	-18.90	7.49	3.12	-5.91	-24.67
2012	9.69	0.46	-6.41	-0.65	-9.23	0.86	-1.53	2.07	9.33	-10.18	5.78	-0.19	1.14
2013	-1.83	-6.01	-3.52	-2.85	4.79	-7.66	-1.75	1.48	0.14	1.46	-3.92	6.32	-14.93
2014	-5.59	3.30	-1.94	0.68	2.59	2.93	5.30	1.17	-5.66	2.37	-4.86	-4.98	-5.59
2015	-5.23	-0.32	0.40	7.78	-7.42	-5.17	-7.92	-2.16	-2.23	-1.44	-7.12	1.86	-25.40
2016	1.04	4.62	0.19	5.48	-4.96	5.90	1.07	-0.97	3.10	1.97	8.13	-4.70	28.75
2017	10.37	1.11	-1.60	-1.35	-2.02	3.98	2.06	10.56	-2.72	3.17	-3.96	T 5.24	31.27
2018	0.43	T -3.49	-4.32	T 2.19	1.44	T -6.24	-3.67	-0.44	T 4.79	-5.32	0.60	T -4.92	-19.67
2019	T 8.51	2.33	2.07	-2.32	-5.51	1.95	T -0.46	-3.86	T 2.14	T 4.05	-3.91	T 2.32	0.79
2020	-6.57	-1.43	-11.09	3.38	T 5.30	4.86	6.90	5.03	-3.35	T 6.04	9.07	-1.20	14.31
2021	-4.19	T 11.03	0.00	8.13	3.43	-3.99	T 3.79	0.28	0.28	2.34	-2.13	T 7.74	26.73
2022	3.60	5.55	T 3.85	-8.86	-1.99	-14.28	2.00	T -0.24	-4.60	-2.78	T 11.66	-2.27	-11.11
2023	13.64	-7.16	T 12.16	-4.25	-8.68	0.56	6.89	-2.81	T 2.73	-2.81	T 0.57	-2.61	9.52
2024	-1.28	-0.74	T 3.28	12.52	2.91	-3.13	-6.17	T 5.70	8.22	-2.94	-1.52	T -6.64	4.84
2025	0.00	T 0.74	0.47	-6.62	2.27	3.69	-0.36	2.71	3.32	6.24	0.27	4.23	22.81
2026	4.30	2.72	T -2.33	T 4.72	4.89	-8.75	T 5.10	1.67	-0.47	0.48			9.17

T A T badge marks a Trendchange signal in that month. Hover for entry price.

DBB - Trendchange Chart

Trendchange Signal History

The last 10 Trendchange signals for DBB:

Date	Entry Price	Days Held	+10d	+20d	+30d	+60d
30.07.26	$25.04	28d	+1.84%	+0.92%	+0.92%	+0.92%
08.04.26	$23.91	27d	+3.64%	+3.56%	+3.56%	+3.56%
10.03.26	$24.39	4d	-2.3%	-2.3%	+0%	+0%
14.02.25	$19.22	16d	-0.68%	-0.68%	-0.68%	-0.68%
05.12.24	$20.44	8d	-1.91%	-1.91%	-1.91%	-1.91%
23.08.24	$19.91	12d	-4.22%	-4.22%	-4.22%	-4.22%
06.03.24	$17.49	57d	+2.57%	+7.55%	+13.38%	+18.87%
09.11.23	$18.66	16d	-0.21%	+0.11%	+0.11%	+0.11%
15.09.23	$18.52	6d	-0.48%	-0.48%	-0.48%	+0%
06.09.23	$18.41	1d	+0%	+0%	+0%	+0%

Signal Statistics - Historical Edge

Calculated edge for DBB: 3.34%

Range	N	10d	20d	30d	60d	Signal
7-10%	4	+7.57%	+8.3%	+10.16%	+8.51%	Close
5-7%	2	+6.83%	+12.43%	+11.31%	+17.55%	Hold
3-5%	7	+3.73%	+2.75%	+3.1%	+3.26%	Close
1-3%	12	+1.95%	+2.64%	+3.63%	+4.89%	Hold
0-1%	6	+0.57%	-0.22%	-0.01%	+0.05%	Close
-1-0%	13	-0.54%	+0.3%	+0.07%	+1.52%	Neg
-3-1%	17	-1.78%	-1.74%	-1.61%	-1.03%	Neg
-5-3%	7	-3.96%	-3.72%	-2.82%	-1.96%	Neg
-7-5%	1	-6.38%	-6.38%	-6.38%	+0%	Neg

Exit Rules: Stoploss: -10% | Close if below 1% after 10 days

📊

No Options Data Available

Options flow data for DBB is not yet tracked. Check back after the next market session.

Fund Overview

Metric	Value
Assets under Management	$302.58 M
Expense Ratio	0.75%
Dividend Yield	2.48%
Portfolio Turnover	0%
YTD Return	5.86%
3-Year Return	9.84%
5-Year Return	6.88%

Top 10 Holdings

Symbol	Company	Weight
AGPXX	INVESCO SHRT-TRM INV GOV&AGCY INSTL	43.15%

Frequently Asked Questions – Invesco DB Base Metals Fund (DBB)

Disclaimer: All trade history on this page reflects the author's personal trading activity only. This is not financial advice. Past performance is not indicative of future results. See our full Disclaimer.