ALTL vs. DBE
ALTL (Pacer Lunt Large Cap Alternator ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - ALTL is a Large Cap Growth Equities fund tracking the Lunt Capital US Large Cap Equity Rotation Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, ALTL returned 5.04%/yr vs 19.66%/yr for DBE. At a 0.08 correlation, their price movements are largely independent. ALTL charges 0.60%/yr vs 0.78%/yr for DBE.
Performance
ALTL vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, ALTL achieves a 16.90% return, which is significantly lower than DBE's 83.68% return.
ALTL
- 1D
- -0.66%
- 1M
- 12.43%
- YTD
- 16.90%
- 6M
- 16.56%
- 1Y
- 44.84%
- 3Y*
- 13.86%
- 5Y*
- 5.04%
- 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%
ALTL vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ALTL Pacer Lunt Large Cap Alternator ETF | 16.90% | 16.61% | 12.30% | -15.85% | -10.67% | 45.30% | 33.74% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | 16.81% |
Correlation
The correlation between ALTL and DBE is -0.21, 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 | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2020 | 0.08 |
The correlation between ALTL and DBE shifts across timeframes, from -0.21 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ALTL vs. DBE — Risk / Return Rank
ALTL
DBE
ALTL vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Lunt Large Cap Alternator ETF (ALTL) 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.
| ALTL | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.40 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.60 | 5.89 | -1.29 |
| Martin ratioReturn relative to average drawdown | 16.35 | 11.53 | +4.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ALTL | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.51 | 2.43 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.67 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.09 | +0.63 |
Drawdowns
ALTL vs. DBE - Drawdown Comparison
The maximum ALTL drawdown since its inception was -31.91%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for ALTL and DBE.
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Drawdown Indicators
| ALTL | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.91% | -86.69% | +54.78% |
Max Drawdown (1Y)Largest decline over 1 year | -9.79% | -14.41% | +4.62% |
Max Drawdown (3Y)Largest decline over 3 years | -21.21% | -23.89% | +2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -31.91% | -38.74% | +6.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -0.66% | -30.27% | +29.61% |
Average DrawdownAverage peak-to-trough decline | -11.58% | -57.31% | +45.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 7.35% | -4.60% |
Volatility
ALTL vs. DBE - Volatility Comparison
The current volatility for Pacer Lunt Large Cap Alternator ETF (ALTL) is 7.26%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that ALTL 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
| ALTL | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 12.95% | -5.69% |
Volatility (6M)Calculated over the trailing 6-month period | 10.97% | 30.86% | -19.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.05% | 34.97% | -16.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.38% | 29.39% | -11.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.09% | 28.33% | -8.24% |
ALTL vs. DBE - Expense Ratio Comparison
ALTL has a 0.60% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
ALTL vs. DBE - Dividend Comparison
ALTL's dividend yield for the trailing twelve months is around 0.94%, less than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ALTL Pacer Lunt Large Cap Alternator ETF | 0.94% | 0.95% | 1.56% | 1.28% | 1.23% | 1.06% | 0.75% | 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
ALTL and DBE have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (12.95%) compared to ALTL (7.26%). In terms of maximum drawdown, ALTL dropped -31.91% vs DBE's -86.69%.
On 5-year performance, DBE leads with 19.66% vs 5.04% for ALTL. On fees, ALTL is cheaper at 0.60% per year. On volatility, ALTL has been the lower-risk option at 7.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBE has performed better with a 19.66% return vs 5.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ALTL is cheaper with a 0.60% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.10%, compared with 0.94% for ALTL.
ALTL is categorized as Large Cap Growth Equities, while DBE is Oil & Gas. ALTL tracks Lunt Capital US Large Cap Equity Rotation Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Pacer and Invesco. Their fees differ too: 0.60% for ALTL and 0.78% for DBE.
ALTL currently has the higher Sharpe Ratio (2.51 vs 2.43), 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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