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Invesco DB Base Metals Fund

DBB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 05 2007
Expense Ratio
0.77%
Type
Global Commodities & Metals
Fund Owner
Invesco
Volume (1m avg. daily)
$3,521,804
AUM
$252,885,035
Associated Index
Deutsche Bank Liquid Commodity Index - Optimum Yield Industrial Metals
Inverse/Leveraged
No
Passive/Active
Passive
Dividend
No
Prospectus

Top 10 Holdings

AGPXX
Short-Term Investment Trust - AIM Short Term Investments Trust Govt & Agency Portfolio Inst Class
26.45%
B 0 02/16/23
United States Treasury Bill
9.51%
B 0 02/23/23
United States Treasury Bill
8.64%
CLTL
Invesco Capital Management LLC - Invesco Treasury Collateral ETF
3.47%
B 0 03/02/23
United States Treasury Bill
3.45%
n/a
Cash/Receivables/Payables
2.60%
B 0 03/09/23
United States Treasury Bill
2.07%
Invest with DBB

What is DBB?

The Invesco DB Base Metals Fund seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Industrial Metals Index Excess Return, (DBIQ Opt Yield Industrial Metals Index ER) plus the interest income from the Funds holdings of primarily US Treasury securities and money market income less the Funds expenses. The Fund is designed for investors who want a cost-effective and convenient way to invest in commodity futures. 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 (grade A). You cannot invest directly in the Index. The Fund and the Index are rebalanced and reconstituted annually in November.

ETFs related toDBB

ETFs correlated to DBB include PULT, JJU, CPER

DBB
Invesco DB Multi-Sector Commodity Trust - Invesco DB Base Metals Fund
PULT
Putnam ETF Trust - Putnam ESG Ultra Short ETF
JJU
Barclays Bank PLC - iPath Series B Bloomberg Aluminum Subindex Total Return ETN
CPER
United States Commodity Funds LLC - United States Copper Index Fund
JJC
Barclays Bank PLC - iPath Series B Bloomberg Copper Subindex Total Return ETN
EVMT
Invesco Capital Management LLC - Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF
BCIM
abrdn ETF - abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF
KMET
KraneShares Trust - KraneShares Electrification Metals
NBCM
Neuberger Berman ETF Trust - Commodity Strategy ETF
GCC
WisdomTree Commodity Services LLC - WisdomTree EnhancedContinuous Commodity Index Fund
FTGC
First Trust Exchange-Traded Fund III - First Trust Global Tactical Commodity Strategy Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toDBB

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

Can contain

DBB
#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Can contain

DBB

Create your own algorithmic trading strategy with DBB using Composer

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.