# Invesco DB Precious Metals Fund (DBP)

> Source: Nexqual · https://nexqual.com/DBP · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Invesco DB Precious Metals Fund (DBP), nexqual.com/DBP" · informational, not investment advice.

**Price:** USD 90.38 (-0.81% on the day) · last close of Oct 23, 2026; US market after hours, not a live price. Prev close 91.12 · day 90.29–90.7 · 52w 90.01–140.76 · market cap null · PCX

## Key facts
- Total return with dividends: 1Y -1.5% vs S&P 500 +13.4%; 5Y +109.5% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Operating income | -$842K | $561K | $6.6M | $7.0M | $6.5M | $7.7M |
| Net income | -$9.7M | -$3.4M | $11.5M | $36.3M | $113M | $49.4M |
| Cash + short-term investments | $0K | $874K | $0K | $0K | $0K | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)


## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -1.5% | +109.5% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -1.5% | +15.9% |
| Volatility (annualized) | 35.5% | 19.9% |
| Max drawdown | -33.8% (Jan 2026→Oct 2026) | -28.7% (Feb 2026→Oct 2026) |

## Peers
DBE (Invesco DB Energy Fund) USD 41.02 +2.68% · DBB (Invesco DB Base Metals Fund) USD 24.88 +1.10% · DBO (Invesco DB Oil Fund) USD 26.87 +3.35% · DJP (iPath Bloomberg Commodity Index) USD 52.41 +0.77% · DBA (Invesco DB Agriculture Fund) USD 27.87 -0.18%

## More
Full page: https://nexqual.com/DBP · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 28.5% | ±6.3% |
| 2026-12-18 | 56 | 28.4% | ±8.8% |
| 2027-01-15 | 84 | 28.6% | ±11.6% |
| 2027-04-16 | 175 | 28.9% | ±15.8% |