Invesco DB Oil Fund (DBO)
About this ETF
The Invesco DB Oil Fund (DBO) endeavors to replicate the performance, whether positive or negative, of the DBIQ Optimum Yield Crude Oil Index Excess Return (the Index). Its total return also incorporates net interest income generated from the Fund's primary investments in US Treasury securities and money market instruments, after accounting for its expenses. This Fund provides investors with an efficient and convenient vehicle to gain exposure to commodity futures. The underlying Index is a rules-based benchmark constructed from futures contracts tied to light sweet crude oil (West Texas Intermediate or WTI). It's important to note that direct investment in the Index itself is not possible. Both the Fund and its benchmark undergo annual adjustments and rebalancing every November. Prospective…
Price
Top 10 holdings
| NYMEX Light Sweet Crude Oil Future 08/20/2026 | 96.06% |
| Invesco Government & Agency Portfolio | 72.73% |
| Invesco Short Term Treasury ETF TBLL | 24.11% |
| CASH & EQUIVALENTS | 1.85% |
| CASH COLLATERAL | 1.24% |
| USD Pending Dividends | 0.07% |
| CONTRA FUTURE WTI CRUDE FUTURE SEP26CLU6 COMB 08/20/2026 | -96.06% |
Sector mix
Price chart
Returns
| 1 month | -10.38% |
| 3 months | -0.61% |
| 6 months | +57.10% |
| Year to date | +60.57% |
| 1 year | +44.26% |
| 3 years (ann.) | +11.19% |
| 5 years (ann.) | +8.33% |
| 10 years (ann.) | +7.90% |
Risk profile
| Volatility (1y, ann.) | 36.02% |
| Sharpe (1y) | 1.20 |
| Sharpe (3y) | 0.50 |
| Sortino (1y) | 2.00 |
| Max drawdown (1y) | -27.73% |
| Max drawdown (5y) | -43.50% |
| Max drawdown (full) | -90.55% |
| Beta vs S&P 500 (1y) | -0.70 |
| Correlation vs S&P 500 (1y) | -0.24 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Cost vs. peers
Comparison universe: 184 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2025-12-22 | 2025-12-26 | USD 0.4284 |
| 2024-12-23 | 2024-12-27 | USD 0.6698 |
| 2023-12-18 | 2023-12-22 | USD 0.6385 |
| 2022-12-19 | 2022-12-23 | USD 0.1002 |
| 2019-12-23 | 2019-12-31 | USD 0.1738 |
| 2018-12-24 | 2018-12-31 | USD 0.1344 |
| 2008-12-15 | — | USD 0.1200 |
| 2007-12-17 | — | USD 1.2800 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| iShares Bitcoin Trust ETF IBIT | 0.25% | 46.82B | — | -45.40% | -1.13 |
| Grayscale Bitcoin Trust ETF GBTC | 1.50% | 8.67B | — | -46.00% | -1.16 |
| Invesco Senior Loan ETF BKLN | 0.67% | 7.19B | 6.56% | -2.67% | -0.81 |
| abrdn Physical Gold Shares ETF SGOL | 0.17% | 6.81B | — | +20.15% | 0.80 |
| Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF PDBC | 0.74% | 5.34B | 3.01% | +27.55% | 1.37 |
| iShares Ethereum Trust ETF ETHA | 0.25% | 4.93B | — | -37.38% | -0.34 |
| abrdn Physical Silver Shares ETF SIVR | 0.30% | 3.97B | — | +55.06% | 1.04 |
| abrdn Physical Precious Metals Basket Shares ETF GLTR | 0.60% | 2.48B | — | +28.38% | 0.84 |
| abrdn Bloomberg All Commodity Strategy K-1 Free ETF BCI | 0.26% | 2.38B | 13.79% | +10.98% | 0.59 |
| Bitwise Bitcoin ETF Trust BITB | 0.20% | 2.32B | — | -45.29% | -1.13 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| iShares Bitcoin ETP IB1T.PA | 0.15% | 1.03B | 0.0% |
| WisdomTree Physical Bitcoin BTCW.SW | 0.15% | 1.19B | 0.0% |
| abrdn Physical Gold Shares ETF SGOL | 0.17% | 6.81B | 0.0% |
| Invesco AAA CLO Floating Rate Note ETF ICLO | 0.19% | 508.14M | 0.0% |
| WisdomTree U.S. Efficient Core Fund NTSX | 0.20% | 1.37B | 0.0% |

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