DBO

PowerShares DB Oil Fund
D

N/A
  • Overview
  • Efficiency
  • Tradability
  • Fit

DBO Fund Description

The PowerShares DB Oil Fund tracks an index of crude oil futures contracts. It optimizes its contract selection based on the shape of the futures curve to minimize contango.

DBO Factset Analytics Insight

DBO is a large and liquid ETP that gets access to WTI oil using a "next generation" futures strategy. DBO gets exposure to the price of oil using future contracts, and futures-based exposure is subject to negative roll yield or decay when the futures curve is upsloping. DBO optimizes exposure to the curve to combat contango by rolling into whichever contract month (within the next 13) looks most attractive by its rules, rather than rolling front-month contracts. The fund enjoys ample liquidity for institutional and retail investors, with manageable spreads and reasonable daily volume. DBO charges a low fee for its segment and has attracted strong investor interest, but tracking can be very unsteady. Like many of its competitors, DBO is structured as a commodity pool, so it reports capital gains on a K-1 at a 60/40 blended rate.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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DBO Top 10 Contracts

DBO Summary Data

01/05/07
Commodities Pool
0.78%
$343.71M
$7.41M
0.11%

DBO Portfolio Data

Futures
Optimized
N/A
--

DBO Index Data

Single Asset
Single Asset
S&P GSCI Crude Oil Index

Related ETFs to DBO

OLO, OLEM, USO, OIL, BNO
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

DBO Portfolio Management

0.78%
-1.12%
-0.11%
-3.34%

DBO Tax Exposures

27.84%
--
Yes

DBO Fund Structure

Commodities Pool
No
N/A
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS----
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BIDS----
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LAST 10 TRADES
TIMEPRICESHARES
15:59:589.76100
15:56:279.77100
15:55:289.77100
15:55:009.77300
15:54:119.77300
15:51:529.761,172
15:51:519.77300
15:50:009.76360
15:50:009.76900
15:46:599.76400
Bats BZX Real-time Quote - 23:59:59
Daily Spread
Premium/Discount
Volume

DBO Factset Analytics Block Liquidity

As of 11/22/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of DBO. DBO is rated a 5 out of 5.

DBO Tradability

836,752
$7.41M
339,671
$3.1M
0.11%
$0.01
-0.1%
0.71% / -1.23%
None
100%
200,000
1.7
0.03%
--
2,505
$9.62
5

DBO Tenor Strategy

DBO's optimized tenor selection uses a rules-based strategy for choosing contracts over the next 13 months that will give the best possible implied roll yield.

DBO Performance Statistics

0.97
0.96
0.88
1.03
0%

DBO Rolling Strategy

DBO rolls contracts between the 2nd and 6th business days each month.