Invesco DB Precious Metals Fund Overview
Pro stress-test →The Invesco DB Precious Metals Fund (DBP) is an exchange-traded fund that tracks an index of gold and silver futures contracts. Launched on January 5, 2007, the fund provides cost-effective commodity exposure for retail investors seeking to gain exposure to precious metals markets through a single publicly traded security.
Strategic Profile
Pro stress-test →The fund optimizes contract selection based on the shape of the futures curve to minimize contango, enhancing efficiency for commodity investors. DBP delivered a 34.89% total return over the past year, including dividends, reflecting strong precious metals appreciation as of May 2026. With a market cap of $286.11 million as of June 2026, DBP serves as a liquid, transparent alternative to physical precious metals investment.
Competitive Landscape
Pro stress-test →DBP provides exposure to gold and silver through futures contracts and has been trading since 2007. Direct competitors include iShares Gold Trust (IAU), SPDR Gold Shares (GLD), and Sprott Physical Silver Trust (PSLV), which offer alternative precious metals exposure through physical holdings or different fund structures. DBP's futures-based approach differentiates it by minimizing contango costs while maintaining tax efficiency.
Industry Context
Invesco DB Precious Metals Fund operates in Commodity ETFs and futures-based precious metals funds.
Key facts
Founded: 2007 · Market cap: $286M