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Invesco DB Gold Fund

DGL
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jan 05 2007
Expense Ratio
0.77%
Type
Global Commodities & Metals
Fund Owner
Invesco
Volume (1m avg. daily)
$575,017
AUM
$80,548,337
Associated Index
Deutsche Bank Liquid Commodity Index - Optimum Yield Gold
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
23.82%
CLTL
Invesco Capital Management LLC - Invesco Treasury Collateral ETF
9.22%
n/a
United States Treasury Bill
5.92%
B 0 03/02/23
United States Treasury Bill
5.37%
B 0 03/09/23
United States Treasury Bill
4.17%
Invest with DGL

What is DGL?

The Invesco DB Gold Fund seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Gold Index Excess Return, (DBIQ Opt Yield Gold 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 gold. The Fund and the Index are rebalanced and reconstituted annually in November.

ETFs related toDGL

ETFs correlated to DGL include UGL, SESG, GLD

DGL
Invesco DB Multi-Sector Commodity Trust - Invesco DB Gold Fund
UGL
ProShares Trust - ProShares Ultra Gold 2x Shares
SESG
Sprott Funds Trust. - Sprott ESG Gold ETF
GLD
SSgA Active Trust - SPDR Gold Shares ETF
IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
GLDM
World Gold Trust - SPDR Gold MiniShares Trust
OUNZ
Merk Investments LLC - VanEck Merk Gold Trust
IAU
BlackRock Institutional Trust Company N.A. - iShares Gold Trust
BAR
GraniteShares Gold Trust - GraniteShares Gold Shares
AAAU
Goldman Sachs Physical Gold ETF Trust - Goldman Sachs Physical Gold ETF
FGLD
Franklin Templeton Holdings Trust - Franklin Responsibly Sourced Gold 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 toDGL

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Can contain

DGLGLD
#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Can contain

DGLGLD

Create your own algorithmic trading strategy with DGL using Composer

Disclaimers

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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.