Invesco DB Commodity Index Tracking Fund (DBC) — Stock Correlations & Overview
Over the past year, DBC has moved most closely with PDBC, GSG, PIT. Explore the stocks most correlated and inversely correlated with DBC below, along with its price, financials, and company profile.
Stocks correlated with DBC
Correlation of daily returns. Higher positive values move with DBC; negative values move opposite it. Informational only, not investment advice.
Most correlated with DBC
| Symbol | Company | Correlation |
|---|---|---|
| PDBC | Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 0.99 |
| GSG | iShares S&P GSCI Commodity-Indexed TrustCOMMODITY CONTRACTS BROKERS & DEALERS | 0.95 |
| PIT | VanEck Commodity Strategy ETF | 0.94 |
| DCMT | DoubleLine Commodity Strategy ETF | 0.93 |
| DJP | iPath Bloomberg Commodity Index Total Return ETN due June 12, 2036 | 0.92 |
Most inversely correlated with DBC
| Symbol | Company | Correlation |
|---|---|---|
| SCO | ProShares UltraShort Bloomberg Crude OilCOMMODITY CONTRACTS BROKERS & DEALERS | -0.87 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.69 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.68 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.67 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.64 |
Frequently asked questions about DBC correlations
- Which stocks are most correlated with DBC?
- Based on one year of daily returns, the stocks most correlated with Invesco DB Commodity Index Tracking Fund (DBC) are PDBC (0.99), GSG (0.95) and PIT (0.94). 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 DBC?
- Over the past year, the stocks most inversely correlated with Invesco DB Commodity Index Tracking Fund (DBC) are SCO (-0.87), DRIP (-0.69) and NRGD (-0.68). 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 DBC correlations calculated?
- We compute the correlation of daily returns between DBC 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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