ARKW vs. DBE
ARKW (ARK Next Generation Internet ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - ARKW is a Mid Cap Growth Equities fund actively managed by ARK, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. ARKW is actively managed, while DBE is passively managed. Over the past 10 years, ARKW returned 21.34%/yr vs 12.24%/yr for DBE. Their 0.12 correlation means their historical movements had little consistent relationship. ARKW charges 0.76%/yr vs 0.78%/yr for DBE.
Performance
ARKW vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, ARKW achieves a -4.64% return, which is significantly lower than DBE's 71.26% return. Over the past 10 years, ARKW has outperformed DBE with an annualized return of 21.34%, while DBE has yielded a comparatively lower 12.24% annualized return.
ARKW
- 1D
- 2.95%
- 1M
- -2.97%
- 6M
- 4.60%
- YTD
- -4.64%
- 1Y
- -4.74%
- 3Y*
- 32.39%
- 5Y*
- -0.92%
- 10Y*
- 21.34%
- ALL TIME*
- 19.87%
DBE
- 1D
- -4.26%
- 1M
- 15.98%
- 6M
- 57.84%
- YTD
- 71.26%
- 1Y
- 61.44%
- 3Y*
- 15.22%
- 5Y*
- 17.82%
- 10Y*
- 12.24%
- ALL TIME*
- 2.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.17M | $12.26M | $13.73M | |
| $1.27M | $1.08M | $1.67M |
ARKW vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARKW ARK Next Generation Internet ETF | -4.64% | 38.93% | 42.27% | 96.89% | -67.49% | -18.85% | 157.44% | 35.76% | 4.24% | 87.29% |
DBE Invesco DB Energy Fund | 71.26% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between ARKW and DBE is -0.20, 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. | -0.20 |
Correlation (3Y) Balances recent behavior with more history. | -0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.03 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2014 | 0.12 |
The correlation between ARKW and DBE shifts across timeframes, from -0.20 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ARKW vs. DBE — Risk / Return Rank
ARKW
DBE
ARKW vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Next Generation Internet ETF (ARKW) 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.
| ARKW | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.28 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 2.50 | -2.63 |
| Martin ratioReturn relative to average drawdown | -0.25 | 7.82 | -8.06 |
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Drawdowns
ARKW vs. DBE - Drawdown Comparison
The maximum ARKW drawdown since its inception was -80.52%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for ARKW and DBE.
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Drawdown Indicators
| ARKW | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.52% | -86.69% | +6.17% |
Max Drawdown (1Y)Largest decline over 1 year | -36.21% | -24.72% | -11.49% |
Max Drawdown (3Y)Largest decline over 3 years | -36.21% | -24.72% | -11.49% |
Max Drawdown (5Y)Largest decline over 5 years | -77.36% | -38.74% | -38.62% |
Max Drawdown (10Y)Largest decline over 10 years | -80.52% | -60.84% | -19.68% |
Current DrawdownCurrent decline from peak | -23.57% | -34.98% | +11.41% |
Average DrawdownAverage peak-to-trough decline | -23.95% | -57.13% | +33.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.38% | 7.90% | +11.48% |
Volatility
ARKW vs. DBE - Volatility Comparison
The current volatility for ARK Next Generation Internet ETF (ARKW) is 9.38%, while Invesco DB Energy Fund (DBE) has a volatility of 15.07%. This indicates that ARKW 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
| ARKW | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.38% | 15.07% | -5.69% |
Volatility (6M)Calculated over the trailing 6-month period | 25.80% | 34.26% | -8.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.40% | 37.66% | -4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.79% | 30.15% | +13.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.84% | 28.60% | +9.24% |
ARKW vs. DBE - Expense Ratio Comparison
ARKW has a 0.76% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
ARKW vs. DBE - Dividend Comparison
ARKW's dividend yield for the trailing twelve months is around 1.67%, less than DBE's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARKW ARK Next Generation Internet ETF | 1.67% | 1.59% | 0.00% | 0.00% | 0.00% | 0.17% | 1.29% | 0.00% | 13.05% | 2.05% | 0.00% | 2.29% |
DBE Invesco DB Energy Fund | 2.26% | 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
ARKW and DBE have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (15.07%) compared to ARKW (9.38%). In terms of maximum drawdown, ARKW dropped -80.52% vs DBE's -86.69%.
On 10-year performance, ARKW leads with 21.34% vs 12.24% for DBE. On fees, ARKW is cheaper at 0.76% per year. On volatility, ARKW has been the lower-risk option at 9.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ARKW has performed better with a 21.34% return vs 12.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ARKW is cheaper with a 0.76% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.26%, compared with 1.67% for ARKW.
ARKW is categorized as Mid Cap Growth Equities, while DBE is Oil & Gas. They also come from different issuers: ARK and Invesco. Their fees differ too: 0.76% for ARKW and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.64 vs -0.14), 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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