ALTY vs. DBE
ALTY (Global X Alternative Income ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - ALTY is a Global Allocation fund tracking the Indxx SuperDividend Alternatives Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, ALTY returned 6.16%/yr vs 12.03%/yr for DBE. At a 0.21 correlation, their price movements are largely independent. ALTY charges 0.50%/yr vs 0.78%/yr for DBE.
Performance
ALTY vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, ALTY achieves a 6.19% return, which is significantly lower than DBE's 83.68% return. Over the past 10 years, ALTY has underperformed DBE with an annualized return of 6.16%, while DBE has yielded a comparatively higher 12.03% annualized return.
ALTY
- 1D
- -0.33%
- 1M
- 0.31%
- YTD
- 6.19%
- 6M
- 6.51%
- 1Y
- 15.73%
- 3Y*
- 11.40%
- 5Y*
- 5.55%
- 10Y*
- 6.16%
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%
ALTY vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 6.19% | 11.07% | 10.88% | 10.58% | -11.92% | 23.08% | -12.82% | 21.44% | -6.18% | 10.82% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between ALTY and DBE is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2015 | 0.21 |
The correlation between ALTY and DBE shifts across timeframes, from -0.18 (1 year) to 0.22 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
ALTY vs. DBE — Risk / Return Rank
ALTY
DBE
ALTY vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Alternative Income ETF (ALTY) 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.
| ALTY | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.40 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 5.89 | -2.25 |
| Martin ratioReturn relative to average drawdown | 16.84 | 11.53 | +5.31 |
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
| ALTY | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.73 | 2.43 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.67 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.43 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.09 | +0.24 |
Drawdowns
ALTY vs. DBE - Drawdown Comparison
The maximum ALTY drawdown since its inception was -51.47%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for ALTY and DBE.
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Drawdown Indicators
| ALTY | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.47% | -86.69% | +35.22% |
Max Drawdown (1Y)Largest decline over 1 year | -4.34% | -14.41% | +10.07% |
Max Drawdown (3Y)Largest decline over 3 years | -10.08% | -23.89% | +13.81% |
Max Drawdown (5Y)Largest decline over 5 years | -18.48% | -38.74% | +20.26% |
Max Drawdown (10Y)Largest decline over 10 years | -51.47% | -60.84% | +9.37% |
Current DrawdownCurrent decline from peak | -0.37% | -30.27% | +29.90% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -57.31% | +50.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 7.35% | -6.41% |
Volatility
ALTY vs. DBE - Volatility Comparison
The current volatility for Global X Alternative Income ETF (ALTY) is 1.41%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that ALTY 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
| ALTY | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 12.95% | -11.54% |
Volatility (6M)Calculated over the trailing 6-month period | 4.38% | 30.86% | -26.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.79% | 34.97% | -29.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.61% | 29.39% | -18.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.58% | 28.33% | -11.75% |
ALTY vs. DBE - Expense Ratio Comparison
ALTY has a 0.50% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
ALTY vs. DBE - Dividend Comparison
ALTY's dividend yield for the trailing twelve months is around 8.08%, more than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 8.08% | 7.50% | 7.88% | 7.31% | 7.66% | 6.88% | 9.20% | 8.74% | 8.49% | 7.52% | 8.20% | 4.21% |
DBE Invesco DB Energy Fund | 2.10% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ALTY and DBE have a correlation of -0.18, 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 ALTY (1.41%). In terms of maximum drawdown, ALTY dropped -51.47% vs DBE's -86.69%.
On 10-year performance, DBE leads with 12.03% vs 6.16% for ALTY. On fees, ALTY is cheaper at 0.50% per year. On volatility, ALTY has been the lower-risk option at 1.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBE has performed better with a 12.03% return vs 6.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ALTY is cheaper with a 0.50% expense ratio, compared with 0.78% for DBE.
ALTY has the higher dividend yield at 8.08%, compared with 2.10% for DBE.
ALTY is categorized as Global Allocation, while DBE is Oil & Gas. ALTY tracks Indxx SuperDividend Alternatives Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.50% for ALTY and 0.78% for DBE.
ALTY currently has the higher Sharpe Ratio (2.73 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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