DBP

PowerShares DB Precious Metals Fund
C

N/A
  • Overview
  • Efficiency
  • Tradability
  • Fit

DBP Fund Description

The PowerShares DB Precious Metals Fund tracks an index of gold and silver futures contracts. It optimizes its contract selection based on the shape of the futures curve to minimize contango.

DBP Factset Analytics Insight

DBP was the first precious metals basket ETF on the market and still comes the closest to capturing the neutral production-weighted space. Like our benchmark, it allocates over 80% of its portfolio to gold and the remainder to silver, ignoring platinum and palladium. The only big difference between DBP and our benchmark is that DBP tries to pick the best contract to hold based on the shape of the futures curve, while our benchmark uses a simple front-month futures strategy. DBP has historically underperformed our benchmark overall, but the difference is minimal. That said, DBP is the most tradable fund in the segment with the lowest average bid/ask spread, so it may prove to be worth its 72 bp fee.

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

DBP Summary Data

01/05/07
Commodities Pool
0.78%
$154.46M
$1.1M
0.09%

DBP Portfolio Data

Futures
Optimized
Annually
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DBP Index Data

Fixed
Fixed
S&P GSCI Precious Metals

Related ETFs to DBP

BLNG, GLTR, JJP
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

DBP Portfolio Management

0.78%
-1.04%
-0.59%
-1.28%

DBP Tax Exposures

27.84%
--
Yes

DBP 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
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Bats BZX Real-time Quote - 23:59:59
Daily Spread
Premium/Discount
Volume

DBP 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 DBP. DBP is rated a 5 out of 5.

DBP Tradability

25,796
$1.1M
11,238
$441.84K
0.09%
$0.03
-0.02%
1.71% / -1.88%
None
100%
200,000
0.06
0.01%
--
159
$38.09
5

DBP Tenor Strategy

DBP'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.

DBP Performance Statistics

1
1.07
1.07
1.07
0%

DBP Rolling Strategy

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