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Invesco DB Oil Fund

DBO
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jan 05 2007
Expense Ratio
0.76%
Type
Global Commodities & Metals
Fund Owner
Invesco
Volume (1m avg. daily)
$4,682,048
AUM
$300,334,156
Associated Index
DBIQ Optimum Yield Crude Oil Index
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
23.26%
B 0 04/06/23
United States Treasury Bill
9.08%
CLTL
Invesco Capital Management LLC - Invesco Treasury Collateral ETF
8.97%
B 0 03/09/23
United States Treasury Bill
4.64%
B 0 03/02/23
United States Treasury Bill
4.14%
n/a
Cash/Receivables/Payables
0.00%
Invest with DBO

What is DBO?

The Invesco DB Oil Fund seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Crude Oil Index Excess Return, (DBIQ Opt Yield Crude Oil 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 light sweet crude oil (WTI). You cannot invest directly in the Index. The Fund and the Index are rebalanced and reconstituted annually in November.

ETFs related toDBO

ETFs correlated to DBO include GDEF, GJAN, UCO

DBOInvesco DB Multi-Sector Commodity Trust - Invesco DB Oil Fund
GDEFGoldman Sachs ETF Trust - Goldman Sachs Defensive Equity ETF
Expense Ratio0.55%
Correlation (1yr)1.00
Return (3mo)0.00%
Volume (avg daily 1m)NaN
GJANFirst Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - January
UCOProShares Trust - ProShares Ultra Bloomberg Crude Oil 2x Shares
USLUnited States Commodity Funds LLC - United States 12 Month Oil Fund LP
OILKProShares Trust - ProShares K-1 Free Crude Oil Strategy ETF
USOUnited States Commodity Funds LLC - United States Oil Fund
OILBarclays Bank PLC - iPath Pure Beta Crude Oil ETN
DBEInvesco DB Multi-Sector Commodity Trust - Invesco DB Energy Fund
BNOUnited States Commodity Funds LLC - United States Brent Crude Oil Fund
DBCDB Commodity Services LLC - Invesco DB Commodity Index Tracking 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.

Disclaimers

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We show information directly obtained from our data provider, XigniteData 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 providerInformation 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.