DBV
Invesco DB G10 Currency Harvest Fund

Price: $25.95
Change: $0.01 (-0.0%)
Category: Currency
Last Updated:

Vitals

Issuer Invesco
Brand Invesco DB
Structure Commodity Pool
Expense Ratio 0.77%
ETF Home Page Home page
Inception Sep 18, 2006

Analyst Report

This ETP offers a way to play the carry trade through a single ticker, seeking to exploit the trend that currencies associated with relatively high interest rates, on average, tend to rise in value relative to currencies associated with relatively low interest rates. By borrowing in cheap currencies and investing in higher-yielding accounts, DBV is capable of delivering non-correlated returns that will generally be positive. Beware, however, that the carry trade has unwound before, and that such a phenomenon can lead to relatively significant losses in a short period of time. The other option for investors looking to implement a similar strategy is ICI, an ETN from iPath. Besides the structural differences, these products take a very different approach to the carry trade, so further investigation is warranted if trying to decide between the two.

ETF Database Themes

Category Currency
Asset Class Currency
Region (General) Developed Markets
Region (Specific) Broad
Currency Diversified

FactSet Classifications

  • Segment Alternatives: Absolute Returns
  • Category Absolute Returns
  • Focus Long/Short
  • Niche Long/Short Currency
  • Strategy Fundamental
  • Weighting Scheme Equal

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $22.04
  • 52 Week Hi $26.20
  • AUM $28.5 M
  • Shares 1.1 M

Historical Trading Data

  • 1 Month Avg. Volume 5,743
  • 3 Month Avg. Volume 4,502

Alternative ETFs in the ETF Database Currency Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest FXE 0.40% $276.6 M 67,730 -5.67%
Largest (AUM) UUP 0.76% $533.2 M 764,909 3.84%
Most Liquid (Volume) UUP 0.76% $533.2 M 764,909 3.84%
Top YTD Performer EUFX 0.97% $2.2 M 512 6.39%

Alternative ETFs in the FactSet Alternatives: Absolute Returns Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest CPI 0.38% $55.2 M 4,811 0.98%
Largest (AUM) RPAR 0.51% $1.5 B 144,500 5.42%
Most Liquid (Volume) RPAR 0.51% $1.5 B 144,500 5.42%
Top YTD Performer RLY 0.50% $170.1 M 27,739 23.67%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

DBV ETF Database Category Average FactSet Segment Average
Number of Holdings 7 2 117
% of Assets in Top 10 99.99% 100.00% 71.16%
% of Assets in Top 15 99.99% 100.00% 79.05%
% of Assets in Top 50 99.99% 100.00% 94.81%

Size Comparison

DBV ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A 2.27%
Mid (>2.7B) N/A N/A 0.11%
Small (>600M) N/A N/A 0.00%
Micro (<600M) N/A N/A 0.00%

DBV Valuation

This section compares the P/E ratio of this ETF to its peers.

DBV
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
N/A
FactSet Segment Average
P/E Ratio
15.16

DBV Dividend

This section compares the dividend yield of this ETF to its peers.

DBV ETF Database Category Average FactSet Segment Average
Dividend $ 0.35 $ 0.13 $ 0.37
Dividend Date 2019-12-23 N/A N/A
Annual Dividend Rate N/A $ 0.03 $ 0.55
Annual Dividend Yield N/A 0.13% 1.94%

DBV Price and Volume Chart

DBV Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 2.48 M 6 Month Net Flows: -40.78 K 1 Year Net Flows: 12.68 M 3 Year Net Flows: 3.21 M 5 Year Net Flows: -15.73 M 10 Year Net Flows: -296 M

DBV Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for DBV on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Currency with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A UUP
Expenses C+ FXC
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

DBV Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

DBV
Expense Ratio
0.77%
ETF Database Category Average
Expense Ratio
0.55%
FactSet Segment Average
Expense Ratio
1.01%

Tax Analysis

Max ST Capital Gains Rate 27.84%
Max LT Capital Gains Rate 27.84%
Tax On Distributions No distributions
Distributes K1 Yes
ESG Themes and Scores

DBV does not have an ESG score. There are no ESG themes that map to this ETF.

DBV Performance

This section shows how this ETF has performed relative to its peers.

DBV ETF Database
Category Average
Factset Segment
Average
1 Month Return 3.76% 0.50% 1.32%
3 Month Return 5.55% 0.40% 1.91%
YTD Return 8.06% -0.35% 7.55%
1 Year Return 11.42% 1.52% 10.93%
3 Year Return 10.04% 3.77% 11.10%
5 Year Return 5.05% 3.27% 12.62%

Geographic Exposure

The following charts reflect the geographic spread of DBV's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of DBV's underlying holdings.

DBV Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
16.68%
Rank
11 of 13

20 Day Volatility
8.08%
Rank
2 of 13

50 Day Volatility
8.53%
Rank
2 of 13

200 Day Volatility
8.47%
Rank
2 of 13

Beta
0.25
Rank
3 of 13

Standard Deviation
0.59%
Rank
8 of 13

Technicals

  • 20 Day MA $25.36
  • 60 Day MA $24.94
  • MACD 15 Period 0.47
  • MACD 100 Period 1.02
  • Williams % Range 10 Day 22.73
  • Williams % Range 20 Day 18.25
  • RSI 10 Day 73
  • RSI 20 Day 67
  • RSI 30 Day 63
  • Ultimate Oscillator 65

Bollinger Bands

  • Lower Bollinger (10 Day) $25.12
  • Upper Bollinger (10 Day) $26.17
  • Lower Bollinger (20 Day) $24.66
  • Upper Bollinger (20 Day) $26.05
  • Lower Bollinger (30 Day) $24.43
  • Upper Bollinger (30 Day) $25.94

Support & Resistance

  • Support Level 1 n/a
  • Support Level 2 $25.95
  • Resistance Level 1 n/a
  • Resistance Level 2 $25.95

Stochastic

  • Stochastic Oscillator %D (1 Day) 51.56
  • Stochastic Oscillator %D (5 Day) 74.83
  • Stochastic Oscillator %K (1 Day) 47.73
  • Stochastic Oscillator %K (5 Day) 74.70

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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