ALIL vs. DBE

Last updated Jun 4, 2026

ALIL (Argent Focused Small Cap ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - ALIL is a Small Cap Blend Equities fund actively managed by Argent, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. ALIL is actively managed, while DBE is passively managed. Over the past year, ALIL returned 12.05% vs 84.41% for DBE. At a correlation of -0.23, they often move in opposite directions. ALIL charges 0.74%/yr vs 0.78%/yr for DBE.

Performance

ALIL vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Argent Focused Small Cap ETF (ALIL) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALIL achieves a 7.70% return, which is significantly lower than DBE's 83.68% return.

ALIL

• 1D: -0.32%
• 1M: 2.83%
• YTD: 7.70%
• 6M: 7.61%
• 1Y: 12.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBE

• 1D: 2.33%
• 1M: -5.45%
• YTD: 83.68%
• 6M: 74.95%
• 1Y: 84.41%
• 3Y*: 23.42%
• 5Y*: 19.66%
• 10Y*: 12.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ALIL vs. DBE - Yearly Performance Comparison

	2026 (YTD)	2025
ALIL Argent Focused Small Cap ETF	7.70%	6.88%
DBE Invesco DB Energy Fund	83.68%	3.30%

Correlation

The correlation between ALIL and DBE is -0.29, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.29
Correlation (All Time) Calculated using the full available price history since Apr 10, 2025	-0.23

Return for Risk

ALIL vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALIL

ALIL Risk / Return Rank: 21
ALIL Sharpe Ratio Rank: 21
ALIL Sortino Ratio Rank: 21
ALIL Omega Ratio Rank: 20
ALIL Calmar Ratio Rank: 22
ALIL Martin Ratio Rank: 23

DBE

DBE Risk / Return Rank: 71
DBE Sharpe Ratio Rank: 74
DBE Sortino Ratio Rank: 63
DBE Omega Ratio Rank: 65
DBE Calmar Ratio Rank: 91
DBE Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALIL vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Argent Focused Small Cap ETF (ALIL) 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.

	ALIL	DBE	Difference
Sharpe ratio: Return per unit of total volatility	0.66	2.43	-1.77
Sortino ratio: Return per unit of downside risk	1.10	2.96	-1.86
Omega ratio: Gain probability vs. loss probability	1.12	1.40	-0.28
Calmar ratio: Return relative to maximum drawdown	0.96	5.89	-4.93
Martin ratio: Return relative to average drawdown	2.80	11.53	-8.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALIL vs. DBE - Sharpe Ratio Comparison

The current ALIL Sharpe Ratio is 0.66, which is lower than the DBE Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of ALIL and DBE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ALIL	DBE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.66	2.43	-1.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.09	+0.60

Drawdowns

ALIL vs. DBE - Drawdown Comparison

The maximum ALIL drawdown since its inception was -12.60%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for ALIL and DBE.

Drawdown Indicators

	ALIL	DBE	Difference
Max Drawdown Largest peak-to-trough decline	-12.60%	-86.69%	+74.09%
Max Drawdown (1Y) Largest decline over 1 year	-12.60%	-14.41%	+1.81%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.89%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-60.84%	—
Current Drawdown Current decline from peak	-0.32%	-30.27%	+29.95%
Average Drawdown Average peak-to-trough decline	-3.18%	-57.31%	+54.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.32%	7.35%	-3.03%

Volatility

ALIL vs. DBE - Volatility Comparison

The current volatility for Argent Focused Small Cap ETF (ALIL) is 5.63%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that ALIL 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.

Volatility by Period

	ALIL	DBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.63%	12.95%	-7.32%
Volatility (6M) Calculated over the trailing 6-month period	13.50%	30.86%	-17.36%
Volatility (1Y) Calculated over the trailing 1-year period	18.50%	34.97%	-16.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.92%	29.39%	-10.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.92%	28.33%	-9.41%

ALIL vs. DBE - Expense Ratio Comparison

ALIL has a 0.74% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

ALIL vs. DBE - Dividend Comparison

ALIL's dividend yield for the trailing twelve months is around 0.44%, less than DBE's 2.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ALIL Argent Focused Small Cap ETF	0.44%	0.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DBE Invesco DB Energy Fund	2.10%	3.86%	6.32%	3.87%	0.75%	0.00%	0.00%	1.79%	1.67%

Frequently Asked Questions

Can I hold both ALIL and DBE in my portfolio?

ALIL and DBE have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALIL or DBE?

DBE has higher volatility (12.95%) compared to ALIL (5.63%). In terms of maximum drawdown, ALIL dropped -12.60% vs DBE's -86.69%.

Which ETF is better, ALIL or DBE?

On 1-year performance, DBE leads with 84.41% vs 12.05% for ALIL. On fees, ALIL is cheaper at 0.74% per year. On volatility, ALIL has been the lower-risk option at 5.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ALIL or DBE?

Over the 1-year period, DBE has performed better with a 84.41% return vs 12.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ALIL or DBE?

ALIL is cheaper with a 0.74% expense ratio, compared with 0.78% for DBE.

Which ETF pays a higher dividend yield, ALIL or DBE?

DBE has the higher dividend yield at 2.10%, compared with 0.44% for ALIL.

What is the main difference between ALIL and DBE?

ALIL is categorized as Small Cap Blend Equities, while DBE is Oil & Gas. They also come from different issuers: Argent and Invesco. Their fees differ too: 0.74% for ALIL and 0.78% for DBE.

Which has better risk-adjusted returns?

DBE currently has the higher Sharpe Ratio (2.43 vs 0.66), 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.