Invesco DB Correlations

DBP Etf

USD 109.58 5.72 5.51%

The current 90-days correlation between Invesco DB Precious and Sprott Silver Miners is -0.19 (i.e., Good diversification). The correlation of Invesco DB is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Invesco DB Correlation With Market

Average diversification

The correlation between Invesco DB Precious and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco DB Precious and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Invesco Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Invesco DB Precious. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Invesco Etf

0.91	GLD	SPDR Gold Shares	Pair Corr
0.91	IAU	iShares Gold Trust	Pair Corr
0.94	SLV	iShares Silver Trust	Pair Corr
0.91	GLDM	SPDR Gold Mini	Pair Corr
0.97	SGOL	abrdn Physical Gold	Pair Corr
0.95	GLTR	abrdn Physical Precious	Pair Corr
0.94	SIVR	abrdn Physical Silver	Pair Corr
0.91	IAUM	iShares Gold Trust	Pair Corr
0.73	LUX	Tema Global	Pair Corr
0.8	FB	ProShares Trust ProShares	Pair Corr
0.63	SWP	SWP Growth Income	Pair Corr
0.75	DUKH	Ocean Park High	Pair Corr
0.65	DD	Dupont De Nemours	Pair Corr
0.65	CSCO	Cisco Systems	Pair Corr
0.91	AA	Alcoa Corp	Pair Corr
0.67	MCD	McDonalds	Pair Corr
0.66	AXP	American Express	Pair Corr
0.78	MRK	Merck Company	Pair Corr

Moving against Invesco Etf

0.62	PG	Procter Gamble	Pair Corr
0.59	USO	United States Oil	Pair Corr
0.32	SHLD	Global X Defense	Pair Corr
0.58	HPQ	HP Inc	Pair Corr
0.56	HD	Home Depot	Pair Corr
0.51	T	ATT Inc	Pair Corr

Related Correlations Analysis

	FDM	FJP	EWZS	GVLU	GHYG	SLVR	EFAA	DBAW	CPER	FNK
FDM		0.79	-0.08	0.93	0.87	0.85	0.84	0.73	0.82	0.8	FDM
FJP	0.79		0.22	0.66	0.69	0.64	0.79	0.83	0.72	0.56	FJP
EWZS	-0.08	0.22		-0.16	-0.11	-0.32	-0.08	0.07	-0.19	-0.15	EWZS
GVLU	0.93	0.66	-0.16		0.93	0.9	0.86	0.67	0.83	0.91	GVLU
GHYG	0.87	0.69	-0.11	0.93		0.87	0.89	0.73	0.87	0.86	GHYG
SLVR	0.85	0.64	-0.32	0.9	0.87		0.83	0.65	0.87	0.83	SLVR
EFAA	0.84	0.79	-0.08	0.86	0.89	0.83		0.91	0.9	0.78	EFAA
DBAW	0.73	0.83	0.07	0.67	0.73	0.65	0.91		0.85	0.52	DBAW
CPER	0.82	0.72	-0.19	0.83	0.87	0.87	0.9	0.85		0.73	CPER
FNK	0.8	0.56	-0.15	0.91	0.86	0.83	0.78	0.52	0.73		FNK
	FDM	FJP	EWZS	GVLU	GHYG	SLVR	EFAA	DBAW	CPER	FNK

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GVLU	+ 0.93	FDM
GHYG	+ 0.93	GVLU
FNK	+ 0.91	GVLU
DBAW	+ 0.91	EFAA
SLVR	+ 0.9	GVLU
CPER	+ 0.9	EFAA

High negative correlations

SLVR	- 0.32	EWZS
CPER	- 0.19	EWZS
GVLU	- 0.16	EWZS
FNK	- 0.15	EWZS
GHYG	- 0.11	EWZS
EFAA	- 0.08	EWZS

Invesco DB Constituents Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco DB ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Invesco DB's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FDM	0.89	0.01	0.02	0.09	0.93	(1.05)	2.35	(1.16)	5.50
FJP	0.69	0.07	0.00	0.94	0.99	(0.68)	1.34	(1.37)	4.77
EWZS	1.22	(0.07)	0.00	(0.19)	0.00	0.00	2.36	(2.71)	11.14
GVLU	0.64	(0.02)	(0.02)	0.06	0.74	(0.66)	1.33	(1.20)	3.31
GHYG	0.20	(0.01)	(0.26)	0.05	0.19	(0.22)	0.44	(0.33)	1.27
SLVR	2.98	0.38	0.11	0.29	3.56	(3.07)	6.76	(5.90)	18.24
EFAA	0.45	0.02	(0.01)	0.11	0.49	(0.47)	0.92	(0.80)	2.80
DBAW	0.52	0.06	0.05	0.15	0.63	(0.55)	1.07	(1.16)	3.12
CPER	1.26	0.21	0.13	0.24	1.39	(1.32)	3.13	(2.34)	9.26
FNK	0.70	0.01	(0.05)	0.09	0.85	(0.81)	1.50	(1.35)	3.70

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC