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Invesco DB Energy Fund (DBE) Sharpe Ratio: 2.37

ETF · Currency in USD · Last updated Jun 3, 2026

DBE is a passive ETF by Invesco tracking the investment results of the DBIQ Optimum Yield Energy Index. DBE launched on Jan 5, 2007 and has a 0.78% expense ratio.

DBE's Sharpe Ratio of 2.37 indicates that for each unit of volatility, it generates 2.37 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

DBE Sharpe Ratio Rank

DBE Sharpe Ratio Rank: 71.171
Above Average

DBE ranks above 71.1% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

DBE Sharpe Ratio Market Positioning

The chart shows DBE's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.91 or lower
  • Yellow zone (middle 50%): 0.91 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 7.90+
  • Median: 1.77 — half of all investments score higher

How it compares to other similar ETFs

The table compares Invesco DB Energy Fund's Sharpe Ratio with other ETFs in the Oil & Gas category across multiple time periods, showing how DBE's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
DBEInvesco DB Energy Fund2.37
UGAUnited States Gasoline Fund LP2.35
DBOInvesco DB Oil Fund2.28
USOUnited States Oil Fund LP2.22
BNOUnited States Brent Oil Fund LP2.17
OILKProShares K-1 Free Crude Oil Strategy ETF2.03
USLUnited States 12 Month Oil Fund LP2.00
UNGUnited States Natural Gas Fund LP-0.53
UNLUnited States 12 Month Natural Gas Fund LP-0.80
BPHBP p.l.c. ADRhedged ETF—

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows DBE's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when DBE consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does DBE fit in your portfolio?

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