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Invesco DB Precious Metals Fund

DBP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 05 2007
Expense Ratio
0.77%
Type
Global Commodities & Metals
Fund Owner
Invesco
Volume (1m avg. daily)
$1,963,447
AUM
$149,143,358
Associated Index
DBIQ Optimum Yield Precious Metals Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

AGPXX
Short-Term Investment Trust - AIM Short Term Investments Trust Govt & Agency Portfolio Inst Class
30.59%
B 0 03/02/23
United States Treasury Bill
8.22%
CLTL
Invesco Capital Management LLC - Invesco Treasury Collateral ETF
7.09%
n/a
Cash/Receivables/Payables
3.28%
B 0 04/06/23
United States Treasury Bill
1.64%
Invest with DBP

What is DBP?

The Invesco DB Precious Metals Fund seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Precious Metals Index Excess Return, (DBIQ Opt Yield Precious 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 two of the most important precious metals gold and silver. The Fund and the Index are rebalanced and reconstituted annually in November.

ETFs related toDBP

ETFs correlated to DBP include GLD, UGL, IAU

DBP
Invesco DB Multi-Sector Commodity Trust - Invesco DB Precious Metals Fund
GLD
SSgA Active Trust - SPDR Gold Shares ETF
UGL
ProShares Trust - ProShares Ultra Gold 2x Shares
IAU
BlackRock Institutional Trust Company N.A. - iShares Gold Trust
GLDM
World Gold Trust - SPDR Gold MiniShares Trust
BAR
GraniteShares Gold Trust - GraniteShares Gold Shares
AAAU
Goldman Sachs Physical Gold ETF Trust - Goldman Sachs Physical Gold ETF
SGOL
abrdn ETF - abrdn Physical Gold Shares ETF
DGL
Invesco DB Multi-Sector Commodity Trust - Invesco DB Gold Fund
IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
OUNZ
Merk Investments LLC - VanEck Merk Gold Trust

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 toDBP

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

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Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

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Risk Rating

Aggressive

Create your own algorithmic trading strategy with DBP using Composer

FAQ

DBP is a Global Commodities & Metals ETF. The Invesco DB Precious Metals Fund seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Precious Metals Index Excess Return, (DBIQ Opt Yield Precious 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 two of the most important precious metals gold and silver. The Fund and the Index are rebalanced and reconstituted annually in November.

The top holdings for DBP include Short-Term Investment Trust - AIM Short Term Investments Trust Govt & Agency Portfolio Inst Class, United States Treasury Bill, and Invesco Capital Management LLC - Invesco Treasury Collateral ETF.

DBP has 9 total holdings.

DBP tracks the DBIQ Optimum Yield Precious Metals Index.

No, DBP 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, DBP 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 DBP is -0.0205%. This is the percent change in the value of DBP over the most recent 1-month period. The 3-month return on DBP is 0.0902%. This is the percent change in the value of DBP over the most recent 3-month period.

The standard deviation of DBP for the past year is 0.1801%. 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 DBP include DBB, GLTR, and PPLT.

ETFs correlated to DBP include GLD, UGL, and IAU.

ETFs that are inversely correlated to DBP include GLL, ZSL, and GDXD.

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.