DBS

Invesco DB Silver Fund
C

43
*Unless otherwise stated, data provided by FactSet.

DBS Fund Description

DBS tracks an index of silver futures contracts. It optimizes its contract selection based on the shape of the futures curve to minimize contango.

DBS Factset Analytics Insight

DBS suffers from the dubious distinction of being the most expensive way to access silver in an ETP form. DBS gets its access in the form of futures contracts, which may perhaps be the reason behind its higher fee (physical silver ETFs can be held for as little as 30 bps). DBS' dynamic contract selection is based on those contracts that it expects to experience the least amount of contango and, upon maturity, rolls its exposure to the new most-attractive contract. Unsurprisingly, the fund has not performed much like our silver spot price benchmark. It has, in fact, underperformed slightly over every time period we look at. The underperformance could turn around if silver goes into backwardation, but for now, physical silver ETFs are probably a better way to go.

DBS Charts And Performance

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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Select ETFs to compare their performance:
PERFORMANCE [as of 09/19/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DBS 3.51% 17.79% 12.66% 22.53% -3.82% -2.84% -1.44%
DBS (NAV) 4.98% 18.65% 13.05% 22.35% -4.40% -1.93% -1.41%
DBIQ Optimum Yield Silver Index -- -- -- -- -- -- -1.41%
Silver Spot Price 4.90% 18.80% 14.81% 25.17% -2.44% -0.77% 0.37%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DBS Summary Data

Invesco
Invesco DB
01/05/07
Commodities Pool
0.79%
$15.66M
$81.20K
0.24%

DBS Portfolio Data

Futures
Optimized
N/A
4

DBS Index Data

DBIQ Optimum Yield Silver Index
Single Asset
Single Asset
Silver Spot Price

DBS Portfolio Management

0.79%
-0.73%
-0.63%
-0.81%

DBS Tax Exposures

27.84% / 27.84%
--
Yes

DBS Fund Structure

Commodities Pool
No
N/A
N/A
N/A
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

DBS Factset Analytics Block Liquidity

As of 09/20/19
5
4
3
2
1

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

DBS Tradability

2,982
$81.20K
1,298
$39.82K
0.24%
$0.06
-0.10%
1.53% / -1.70%
None
100.00%
200,000
0.01
0.01%
--
22
$26.05
5

DBS Sector Breakdown


DBS
Segment Benchmark
100.00%
100.00%

DBS Top 10 Targeted Commodity Weights

70.14%
15.88%
10.20%
100%

DBS Tenor Strategy

DBS'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.

DBS Rolling Strategy

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

DBS Performance Statistics

0.22
0.53
0.49
0.42
0.01%