Invesco DB Base Metals Fund (DBB) — Stock Correlations & Overview
Over the past year, DBB has moved most closely with CPER, CPXR, EVMT. Explore the stocks most correlated and inversely correlated with DBB below, along with its price, financials, and company profile.
Stocks correlated with DBB
Correlation of daily returns. Higher positive values move with DBB; negative values move opposite it. Informational only, not investment advice.
Most correlated with DBB
| Symbol | Company | Correlation |
|---|---|---|
| CPER | United States Copper Index FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.88 |
| CPXR | USCF Daily Target 2X Copper Index ETF | 0.88 |
| EVMT | Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF | 0.82 |
| COPX | Global X Copper Miners ETF (NEW) | 0.73 |
| ICOP | iShares Copper and Metals Mining ETF | 0.72 |
Most inversely correlated with DBB
| Symbol | Company | Correlation |
|---|---|---|
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.64 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.55 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.54 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.53 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.52 |
Frequently asked questions about DBB correlations
- Which stocks are most correlated with DBB?
- Based on one year of daily returns, the stocks most correlated with Invesco DB Base Metals Fund (DBB) are CPER (0.88), CPXR (0.88) and EVMT (0.82). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with DBB?
- Over the past year, the stocks most inversely correlated with Invesco DB Base Metals Fund (DBB) are ZSL (-0.64), GLL (-0.55) and DULL (-0.54). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these DBB correlations calculated?
- We compute the correlation of daily returns between DBB and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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