ARVR vs. DBE
ARVR (First Trust Indxx Metaverse ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - ARVR is a Technology Equities fund tracking the Indxx Metaverse Index - Benchmark TR Net, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 3 years, ARVR returned 21.38%/yr vs 13.46%/yr for DBE. Their 0.05 correlation means their historical movements had little consistent relationship. ARVR charges 0.70%/yr vs 0.78%/yr for DBE.
Performance
ARVR vs. DBE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ARVR achieves a 13.46% return, which is significantly lower than DBE's 63.53% return.
ARVR
- 1D
- -1.28%
- 1M
- -2.23%
- 6M
- 19.38%
- YTD
- 13.46%
- 1Y
- 19.95%
- 3Y*
- 21.38%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.25%
DBE
- 1D
- -0.24%
- 1M
- 9.43%
- 6M
- 46.31%
- YTD
- 63.53%
- 1Y
- 57.60%
- 3Y*
- 13.46%
- 5Y*
- 16.54%
- 10Y*
- 11.73%
- ALL TIME*
- 2.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.13K | $9.51K | $34.61K | |
| $1.42M | $1.12M | $1.57M |
ARVR vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ARVR First Trust Indxx Metaverse ETF | 13.46% | 29.07% | 10.11% | 43.39% | -17.45% |
DBE Invesco DB Energy Fund | 63.53% | -2.17% | 2.96% | -12.14% | -8.50% |
Correlation
The correlation between ARVR 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 (3Y) Balances recent behavior with more history. | -0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2022 | 0.05 |
The correlation between ARVR and DBE shifts across timeframes, from -0.24 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ARVR vs. DBE — Risk / Return Rank
ARVR
DBE
ARVR vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Metaverse ETF (ARVR) 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.
| ARVR | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.26 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 2.34 | -1.21 |
| Martin ratioReturn relative to average drawdown | 3.19 | 7.22 | -4.03 |
Loading charts...
Drawdowns
ARVR vs. DBE - Drawdown Comparison
The maximum ARVR drawdown since its inception was -26.40%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for ARVR and DBE.
Loading charts...
Drawdown Indicators
| ARVR | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.40% | -86.69% | +60.29% |
Max Drawdown (1Y)Largest decline over 1 year | -17.73% | -24.72% | +6.99% |
Max Drawdown (3Y)Largest decline over 3 years | -21.46% | -24.72% | +3.26% |
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 | -5.17% | -37.92% | +32.75% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -57.12% | +51.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.26% | 8.00% | -1.74% |
Volatility
ARVR vs. DBE - Volatility Comparison
The current volatility for First Trust Indxx Metaverse ETF (ARVR) is 6.61%, while Invesco DB Energy Fund (DBE) has a volatility of 15.65%. This indicates that ARVR 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.
Loading charts...
Volatility by Period
| ARVR | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.61% | 15.65% | -9.04% |
Volatility (6M)Calculated over the trailing 6-month period | 18.27% | 33.76% | -15.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.31% | 37.85% | -15.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.76% | 30.19% | -6.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.76% | 28.63% | -4.87% |
ARVR vs. DBE - Expense Ratio Comparison
ARVR has a 0.70% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
ARVR vs. DBE - Dividend Comparison
ARVR's dividend yield for the trailing twelve months is around 0.66%, less than DBE's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ARVR First Trust Indxx Metaverse ETF | 0.66% | 0.53% | 0.81% | 0.11% | 0.27% | 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
ARVR 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 (15.65%) compared to ARVR (6.61%). In terms of maximum drawdown, ARVR dropped -26.40% vs DBE's -86.69%.
On 3-year performance, ARVR leads with 21.38% vs 13.46% for DBE. On fees, ARVR is cheaper at 0.70% per year. On volatility, ARVR has been the lower-risk option at 6.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ARVR has performed better with a 21.38% return vs 13.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ARVR is cheaper with a 0.70% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.36%, compared with 0.66% for ARVR.
ARVR is categorized as Technology Equities, while DBE is Oil & Gas. ARVR tracks Indxx Metaverse Index - Benchmark TR Net, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.70% for ARVR and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.53 vs 0.90), 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.
Find the right allocation for ARVR and DBE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer