ETF Evaluator:
DB Base Metals Short ETN (BOS)
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(as of )
Best Performing in Trading--Inverse Commodities Over the Last Year
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| -20.1% | DB Base Metals Short ETN (BOS) |
Risk
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Risk
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ETF Details
DB Base Metals Short ETN Overview
DB Base Metals Short ETN (BOS) is a passively managed Miscellaneous Trading--Inverse Commodities exchange-traded fund (ETF). Deutsche Bank AG launched the ETF in 2008.
The investment seeks to track the price and yield performance, before fees and expenses, of the Deutsche Bank Liquid Commodity index - Optimum Yield Industrial Metals Excess Return.
The fund allows investors to take a short view on the performance of the industrial metals sector. The index is a rules-based index composed of futures contracts on some of the most liquid and widely used base metals, aluminum, zinc and copper.
About DB Base Metals Short ETN (BOS)
There are 1 members of the management team with an average tenure of 18.05 years: No Manager (2008). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: DBIQ Optimum Yield Indl Metals TR USD index with a weighting of -100%. DB Base Metals Short ETN has securities in its portfolio. The top 10 holdings constitute 0.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is considered to have an ESG focus with its investment selection and management.
DB Base Metals Short ETN is part of the Other global asset class and is within the Miscellaneous ETF group. DB Base Metals Short ETN has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). DB Base Metals Short ETN has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $151 million in total assets, which is below the $91 million average for the Trading--Inverse Commodities category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BOS Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The DB Base Metals Short ETN expense ratio is above average compared to funds in the Trading--Inverse Commodities category. DB Base Metals Short ETN has an expense ratio of 0.75%, which is 18% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. DB Base Metals Short ETN has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 0% for the Trading--Inverse Commodities category.
Recently, in the month of June 2026, DB Base Metals Short ETN returned 5.7%, which earned it a grade of F, as the Trading--Inverse Commodities category had an average return of 21.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
DB Base Metals Short ETN has a trailing yield of 0.00%, which is equal to the 0.00% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
DB Base Metals Short ETN Grades
Year to date, the ETF has returned -6.1%, 17.6 percentage points better than the category, which translates into a grade of B. The fund has returned -20.1% over the past year (grade of B), -9.6% over the past three years (grade of B) and -4.5% per year over the past five years (grade of A) and -7.5% per year over the past 10 years (grade of A).
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BOS Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BOS Return (NAV) | 5.7% | -3.5% | -20.1% | -9.6% | -4.5% | -7.5% |
| BOS Return (Price) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -0.4% |
| NAV +/- Price Return | 5.692% | -3.492% | -20.064% | -9.596% | -4.513% | -7.050% |
| Trading--Inverse Commodities Avg | 21.1% | 16.8% | -40.1% | -27.1% | -23.9% | -17.8% |
| BOS Grade (NAV) | F | F | B | B | A | A |
| +/- Category (NAV) | -15.4% | -20.3% | 20.1% | 17.5% | 19.4% | 10.3% |
| BOS Tax-Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | 0.0% |
BOS Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BOS Return (NAV) | -6.1% | -15.0% | -2.1% | 4.5% | 8.3% | -25.5% | -17.0% | 2.4% | 24.5% | -24.8% | -23.4% |
| BOS Return (Price) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -7.5% | 4.5% | -11.4% | -22.9% |
| NAV +/- Price Ret | -1.000% | -1.000% | -1.000% | -1.000% | -1.000% | -1.000% | -1.000% | -419.0% | -81.7% | -54.1% | -2.1% |
| Trading--Inverse Commodities Avg | -23.7% | -28.5% | -13.2% | 15.5% | -24.9% | -32.2% | -22.8% | -10.8% | 13.9% | -7.1% | -25.7% |
| BOS Grade (NAV) | B | C | B | C | A | C | C | A | A | F | D |
| +/- Category | 17.6% | 13.5% | 11.1% | -11.1% | 33.3% | 6.7% | 5.8% | 13.1% | 10.7% | -17.8% | 2.3% |
| Risk Measures | |
| Beta: | -0.48 |
| R-Squared: | 17% |
| Standard Deviation: | 15.6% |
| Category Risk Index: | 0.35 |
| Category Risk Rating: | Low |
| Total Risk Index: | 1.28 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 0 Mil |
| Share Class Assets: | $ 0 Mil |
| Turnover: | 0.0% |
| Expense Ratio: | 0.75% |
| Index Fund: | Yes |
| Index Tracked: | DBIQ Optimum Yield Indl Metals TR USD |
| Index Weighting: | -100% |
| Leveraged: | No |
| Socially Responsible Fund: | Yes |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 18.1 years | |||
| Average Tenure: 18.1 years | |||
| Managers (Year): Manager No (2008) | |||
Portfolio Composition (as of )
| # of Holdings: | |
| % in Top 10 Holdings: | 0.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Uncollateralized Debt Instrument |
| Fund Family: | Deutsche Bank AG |
| Phone Number: | 800-983-0903 |
| Website: | www.deutsche-bank.de |
| Inception Date: | June 16, 2008 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.92% |
