Invesco DB Oil Fund (DBO) Alternatives

Invesco DB Oil Fund (DBO) belongs to the Oil & Gas category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with DBO. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to DBO

DBO charges 0.78% annually. Among ETFs in the Oil & Gas category, these options have the lowest expense ratios among DBO alternatives.

Symbol	Name	Expense Ratio	Inception
BPH	BP p.l.c. ADRhedged ETF	0.19%	Jan 3, 2025	DBO vs BPH
OILK	ProShares K-1 Free Crude Oil Strategy ETF	0.68%	Sep 26, 2016	DBO vs OILK
UGA	United States Gasoline Fund LP	0.75%	Feb 26, 2008	DBO vs UGA
DBE	Invesco DB Energy Fund	0.78%	Jan 5, 2007	DBO vs DBE
USO	United States Oil Fund LP	0.79%	Apr 10, 2006	DBO vs USO

Best Risk-Adjusted Alternatives to DBO

Among ETFs in the Oil & Gas category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
UGA	United States Gasoline Fund LP	88	Feb 26, 2008	DBO vs UGA
BNO	United States Brent Oil Fund LP	86	Jun 2, 2010	DBO vs BNO
DBE	Invesco DB Energy Fund	85	Jan 5, 2007	DBO vs DBE
USO	United States Oil Fund LP	82	Apr 10, 2006	DBO vs USO
BPH	BP p.l.c. ADRhedged ETF	65	Jan 3, 2025	DBO vs BPH

Top Performing DBO Alternatives (YTD)

DBO alternatives from the Oil & Gas category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
USO	United States Oil Fund LP	83.99%	Apr 10, 2006	DBO vs USO
BNO	United States Brent Oil Fund LP	83.65%	Jun 2, 2010	DBO vs BNO
DBE	Invesco DB Energy Fund	68.74%	Jan 5, 2007	DBO vs DBE
UGA	United States Gasoline Fund LP	67.41%	Feb 26, 2008	DBO vs UGA
OILK	ProShares K-1 Free Crude Oil Strategy ETF	46.13%	Sep 26, 2016	DBO vs OILK

Lowest Volatility Alternatives to DBO

DBO alternatives from the Oil & Gas category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
USL	United States 12 Month Oil Fund LP	28.76%	Dec 6, 2007	DBO vs USL
OILK	ProShares K-1 Free Crude Oil Strategy ETF	29.05%	Sep 26, 2016	DBO vs OILK
BPH	BP p.l.c. ADRhedged ETF	29.54%	Jan 3, 2025	DBO vs BPH
DBE	Invesco DB Energy Fund	31.66%	Jan 5, 2007	DBO vs DBE
UGA	United States Gasoline Fund LP	32.19%	Feb 26, 2008	DBO vs UGA

Lowest Drawdown Alternatives to DBO

DBO alternatives from the Oil & Gas category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
DBE	Invesco DB Energy Fund	-14.70%	Jan 5, 2007	DBO vs DBE
UGA	United States Gasoline Fund LP	-15.53%	Feb 26, 2008	DBO vs UGA
USL	United States 12 Month Oil Fund LP	-17.26%	Dec 6, 2007	DBO vs USL
OILK	ProShares K-1 Free Crude Oil Strategy ETF	-17.35%	Sep 26, 2016	DBO vs OILK
BNO	United States Brent Oil Fund LP	-18.48%	Jun 2, 2010	DBO vs BNO

Other ETFs from Invesco

Most popular Invesco ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
QQQ	Invesco QQQ ETF	Large Cap Growth Equities	69	-5.93%	Mar 10, 1999	DBO vs QQQ
SPMO	Invesco S&P 500 Momentum ETF	S&P 500	66	-5.78%	Oct 9, 2015	DBO vs SPMO
QQQM	Invesco NASDAQ 100 ETF	Large Cap Growth Equities	70	-5.92%	Oct 13, 2020	DBO vs QQQM
RSP	Invesco S&P 500 Equal Weight ETF	S&P 500	47	0.62%	Apr 24, 2003	DBO vs RSP
XLG	Invesco S&P 500 Top 50 ETF	S&P 500	63	-7.82%	May 4, 2005	DBO vs XLG
SPHQ	Invesco S&P 500 Quality ETF	S&P 500, Large Cap Value Equities	58	0.57%	Dec 6, 2005	DBO vs SPHQ
SPHD	Invesco S&P 500® High Dividend Low Volatility ETF	S&P 500, Dividend	20	4.64%	Oct 18, 2012	DBO vs SPHD
SOXQ	Invesco PHLX Semiconductor ETF	Semiconductors, Technology Equities	93	7.17%	Jun 11, 2021	DBO vs SOXQ
PPA	Invesco Aerospace & Defense ETF	Industrials Equities, Aerospace & Defense	92	5.82%	Oct 26, 2005	DBO vs PPA
XMMO	Invesco S&P MidCap Momentum ETF	Mid Cap Growth Equities	80	4.93%	Mar 3, 2005	DBO vs XMMO

Often Compared With DBO

What investors most often compare with DBO, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
OIH	VanEck Vectors Oil Services ETF	Energy Equities	77	41.94%	Dec 20, 2011	DBO vs OIH
TPL	Texas Pacific Land Corporation		46	65.41%	—	DBO vs TPL
BP	BP p.l.c.		81	37.08%	—	DBO vs BP
USMV	iShares MSCI USA Minimum Volatility Factor ETF	Large Cap Blend Equities	15	-1.10%	Oct 18, 2011	DBO vs USMV
KSA	iShares MSCI Saudi Arabia ETF	Emerging Markets Equities	11	9.17%	Sep 16, 2015	DBO vs KSA
VOO	Vanguard S&P 500 ETF	S&P 500	65	-4.42%	Sep 7, 2010	DBO vs VOO
XLE	State Street Energy Select Sector SPDR ETF	Energy Equities	73	37.91%	Dec 16, 1998	DBO vs XLE
BRNT.L	WisdomTree Brent Crude Oil	Oil & Gas	79	79.43%	Jan 9, 2012	DBO vs BRNT.L
UCO	ProShares Ultra Bloomberg Crude Oil	Leveraged Commodities, Leveraged	48	103.42%	Nov 24, 2008	DBO vs UCO
DBA	Invesco DB Agriculture Fund	Agricultural Commodities	32	7.05%	Jan 5, 2007	DBO vs DBA
WTI	W&T Offshore, Inc.		84	109.90%	—	DBO vs WTI
XLU	Utilities Select Sector SPDR Fund	Utilities Equities	71	8.25%	Dec 16, 1998	DBO vs XLU
GSG	iShares S&P GSCI Commodity-Indexed Trust	Commodities	91	39.85%	Jul 21, 2006	DBO vs GSG
TLT	iShares 20+ Year Treasury Bond ETF	Government Bonds, Long-Term Bond	12	0.17%	Jul 22, 2002	DBO vs TLT
UNG	United States Natural Gas Fund LP	Oil & Gas	2	-4.32%	Apr 18, 2007	DBO vs UNG
PDBC	Invesco Optimum Yield Diversified Commodity Strate...	Commodities, Actively Managed	85	30.72%	Nov 7, 2014	DBO vs PDBC
SPY	State Street SPDR S&P 500 ETF	S&P 500	64	-4.37%	Jan 22, 1993	DBO vs SPY
AAL	American Airlines Group Inc.		42	-29.94%	—	DBO vs AAL
BZ=F	Crude Oil Brent		30	69.73%	—	DBO vs BZ=F

Compare DBO with Any Fund or Stock

Compare DBO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Invesco DB Oil Fund

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