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ETFs

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)
$2,050,354
AUM
$171,221,624
Associated Index
Deutsche Bank Liquid Commodity Index - Optimum Yield Industrial Metals
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AGPXX
Invesco Government & Agency Portfolio
26.89%
B 0 11/16/23
United States Treasury Bill
6.40%
B 0 06/01/23
United States Treasury Bill
5.25%
CLTL
Invesco Capital Management LLC - Invesco Treasury Collateral ETF
5.25%
B 0 11/30/23
United States Treasury Bill
5.11%
n/a
Cash/Receivables/Payables
3.94%
B 0 06/08/23
United States Treasury Bill
3.15%
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 CPER, COPX, PICK

DBB
Invesco DB Multi-Sector Commodity Trust - Invesco DB Base Metals Fund
CPER
United States Commodity Funds LLC - United States Copper Index Fund
COPX
Global X Funds - Global X Copper Miners ETF
PICK
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Metals & Mining Producers ETF
EPU
BlackRock Institutional Trust Company N.A. - iShares MSCI Peru and Global Exposure ETF
NBCM
Neuberger Berman ETF Trust - Commodity Strategy ETF
MAYT
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer10 May ETF
USCI
United States Commodity Funds LLC - United States Commodity Index Fund
MAYW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 May ETF
FTGC
First Trust Exchange-Traded Fund III - First Trust Global Tactical Commodity Strategy Fund
BCD
abrdn ETF - abrdn Bloomberg All Comm Longer Dt Strategy K-1 Free ETF

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

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

Create your own algorithmic trading strategy with DBB using Composer

FAQ

DBB is a Global Commodities & Metals ETF. 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.

DBB tracks the Deutsche Bank Liquid Commodity Index - Optimum Yield Industrial Metals.

No, DBB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DBB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DBB is -0.0868%. This is the percent change in the value of DBB over the most recent 1-month period. The 3-month return on DBB is -0.1517%. This is the percent change in the value of DBB over the most recent 3-month period.

The standard deviation of DBB for the past year is 0.2411%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DBB include SLV, SGOL, and SIVR.

ETFs correlated to DBB include CPER, COPX, and PICK.

ETFs that are inversely correlated to DBB include EDZ, USDU, and UUP.

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.