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 a closer substitute for your current allocation.
Cheapest Alternatives to DBO
DBO charges 0.78% annually. There are 2 ETFs in the Oil & Gas category with lower expense ratios, going as low as 0.68%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares K-1 Free Crude Oil Strategy ETF | 0.68% | 200.43M | Sep 2016 | DBO vs OILK | |
| United States Gasoline Fund LP | 0.75% | 118.98M | Feb 2008 | DBO vs UGA | |
| Invesco DB Energy Fund | 0.78% | 85.45M | Jan 2007 | DBO vs DBE | |
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | 0.85% | 250.20M | Apr 2017 | DBO vs USOI | |
| United States Oil Fund LP | 0.86% | 1.92B | Apr 2006 | DBO vs USO |
Best Risk-Adjusted Alternatives to DBO
DBO has a PortfoliosLab risk / return rank of 47. There are 2 ETFs in the Oil & Gas category with higher risk-adjusted ranks, going as high as 82.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| United States Gasoline Fund LP | 82 | 118.98M | Feb 2008 | DBO vs UGA | |
| Invesco DB Energy Fund | 57 | 85.45M | Jan 2007 | DBO vs DBE | |
| United States Oil Fund LP | 46 | 1.92B | Apr 2006 | DBO vs USO | |
| United States Brent Oil Fund LP | 44 | 883.37M | Jun 2010 | DBO vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | 41 | 200.43M | Sep 2016 | DBO vs OILK |
Top Performing DBO Alternatives (YTD)
DBO is at 63.77% YTD. There are 5 ETFs in the Oil & Gas category with higher YTD returns, going as high as 103.57%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | 103.57% | 361.56M | Nov 2008 | DBO vs UCO | |
| United States Gasoline Fund LP | 85.58% | 118.98M | Feb 2008 | DBO vs UGA | |
| United States Oil Fund LP | 73.76% | 1.92B | Apr 2006 | DBO vs USO | |
| Invesco DB Energy Fund | 69.05% | 85.45M | Jan 2007 | DBO vs DBE | |
| United States Brent Oil Fund LP | 66.98% | 883.37M | Jun 2010 | DBO vs BNO |
Lowest Volatility Alternatives to DBO
DBO has 36.05% 1-year volatility. There are 6 ETFs in the Oil & Gas category with lower 1-year volatility, going as low as 24.97%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | 24.97% | 250.20M | Apr 2017 | DBO vs USOI | |
| United States 12 Month Oil Fund LP | 29.21% | 39.62M | Dec 2007 | DBO vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | 29.35% | 200.43M | Sep 2016 | DBO vs OILK | |
| United States 12 Month Natural Gas Fund LP | 35.12% | 10.81M | Nov 2009 | DBO vs UNL | |
| United States Gasoline Fund LP | 35.77% | 118.98M | Feb 2008 | DBO vs UGA |
Lowest Drawdown Alternatives to DBO
DBO has a 1-year max drawdown of -27.73%. There are 5 ETFs in the Oil & Gas category with shallower 1-year drawdowns, going as shallow as -20.32%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| United States Gasoline Fund LP | -20.32% | 118.98M | Feb 2008 | DBO vs UGA | |
| United States 12 Month Oil Fund LP | -20.91% | 39.62M | Dec 2007 | DBO vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | -21.19% | 200.43M | Sep 2016 | DBO vs OILK | |
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | -23.54% | 250.20M | Apr 2017 | DBO vs USOI | |
| Invesco DB Energy Fund | -24.72% | 85.45M | Jan 2007 | DBO vs DBE |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 12 categories. AUM among these funds goes as high as $481B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 61 | 17.43% | 481.14B | Mar 1999 | DBO vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 65 | 28.67% | 22.01B | Oct 2015 | DBO vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 61 | 17.45% | 100.59B | Oct 2020 | DBO vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 56 | 12.34% | 96.24B | Apr 2003 | DBO vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 93 | 79.01% | 2.58B | Jun 2021 | DBO vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 41 | 4.48% | 10.85B | May 2005 | DBO vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 65 | 16.67% | 20.11B | Dec 2005 | DBO vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 36 | 11.04% | 3.29B | Oct 2012 | DBO vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 51 | 16.50% | 7.45B | Mar 2005 | DBO vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 32 | 9.74% | 8.22B | Oct 2005 | DBO vs PPA |
Often Compared With DBO
Investors most often compare DBO with OIH, TPL, KSA. These 19 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare DBO with Any Fund or Stock
Compare DBO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DBO with funds that move differently
Invesco DB Oil Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DBO.
Explore DBO Diversifiers