AAPY vs. DBE
AAPY (Kurv Yield Premium Strategy Apple (AAPL) ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - AAPY is a Derivative Income fund actively managed by Kurv, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. AAPY is actively managed, while DBE is passively managed. Over the past year, AAPY returned 37.65% vs 55.67% for DBE. Their -0.07 correlation means they have often moved in opposite directions in the past. AAPY charges 0.99%/yr vs 0.78%/yr for DBE.
Performance
AAPY vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, AAPY achieves a 11.73% return, which is significantly lower than DBE's 63.93% return.
AAPY
- 1D
- 2.02%
- 1M
- -0.68%
- 6M
- 13.26%
- YTD
- 11.73%
- 1Y
- 37.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.99%
DBE
- 1D
- -4.28%
- 1M
- 11.01%
- 6M
- 47.49%
- YTD
- 63.93%
- 1Y
- 55.67%
- 3Y*
- 13.55%
- 5Y*
- 16.46%
- 10Y*
- 11.75%
- ALL TIME*
- 2.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $196.29K | $152.82K | $144.37K | |
| $1.35M | $1.09M | $1.64M |
AAPY vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF | 11.73% | 5.04% | 20.54% | 9.18% |
DBE Invesco DB Energy Fund | 63.93% | -2.17% | 2.96% | -12.57% |
Correlation
The correlation between AAPY and DBE is -0.24, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | -0.07 |
The correlation between AAPY and DBE shifts across timeframes, from -0.24 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AAPY vs. DBE — Risk / Return Rank
AAPY
DBE
AAPY vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) and Invesco DB Energy Fund (DBE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AAPY | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.26 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 2.26 | +0.35 |
| Martin ratioReturn relative to average drawdown | 6.45 | 7.03 | -0.58 |
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Drawdowns
AAPY vs. DBE - Drawdown Comparison
The maximum AAPY drawdown since its inception was -29.22%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for AAPY and DBE.
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Drawdown Indicators
| AAPY | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.22% | -86.69% | +57.47% |
Max Drawdown (1Y)Largest decline over 1 year | -14.47% | -24.72% | +10.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.72% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -10.26% | -37.77% | +27.51% |
Average DrawdownAverage peak-to-trough decline | -6.24% | -57.12% | +50.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.85% | 7.95% | -2.10% |
Volatility
AAPY vs. DBE - Volatility Comparison
The current volatility for Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) is 11.55%, while Invesco DB Energy Fund (DBE) has a volatility of 15.88%. This indicates that AAPY experiences smaller price fluctuations and is considered to be less risky than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPY | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.55% | 15.88% | -4.33% |
Volatility (6M)Calculated over the trailing 6-month period | 22.82% | 33.82% | -11.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.17% | 37.86% | -11.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.92% | 30.19% | -6.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.92% | 28.64% | -4.72% |
AAPY vs. DBE - Expense Ratio Comparison
AAPY has a 0.99% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
AAPY vs. DBE - Dividend Comparison
AAPY's dividend yield for the trailing twelve months is around 11.81%, more than DBE's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF | 11.81% | 12.66% | 17.15% | 2.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DBE Invesco DB Energy Fund | 2.36% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
Frequently Asked Questions
AAPY and DBE have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (15.88%) compared to AAPY (11.55%). In terms of maximum drawdown, AAPY dropped -29.22% vs DBE's -86.69%.
On 1-year performance, DBE leads with 55.67% vs 37.65% for AAPY. On fees, DBE is cheaper at 0.78% per year. On volatility, AAPY has been the lower-risk option at 11.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBE has performed better with a 55.67% return vs 37.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 0.99% for AAPY.
AAPY has the higher dividend yield at 11.81%, compared with 2.36% for DBE.
AAPY is categorized as Derivative Income, while DBE is Oil & Gas. They also come from different issuers: Kurv and Invesco. Their fees differ too: 0.99% for AAPY and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.48 vs 1.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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