AVLV vs. DBE
AVLV (Avantis U.S. Large Cap Value ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - AVLV is a Large Cap Value Equities fund actively managed by Avantis, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. AVLV is actively managed, while DBE is passively managed. Over the past 3 years, AVLV returned 21.00%/yr vs 15.22%/yr for DBE. Their 0.19 correlation means their historical movements had little consistent relationship. AVLV charges 0.15%/yr vs 0.78%/yr for DBE.
Performance
AVLV vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, AVLV achieves a 23.60% return, which is significantly lower than DBE's 71.26% return.
AVLV
- 1D
- 1.01%
- 1M
- 2.49%
- 6M
- 14.26%
- YTD
- 23.60%
- 1Y
- 37.90%
- 3Y*
- 21.00%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.98%
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) |
|---|---|---|---|
| $110.88M | $105.15M | $154.25M | |
| $1.27M | $1.08M | $1.67M |
AVLV vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AVLV Avantis U.S. Large Cap Value ETF | 23.60% | 15.12% | 17.49% | 17.43% | -5.53% | 6.27% |
DBE Invesco DB Energy Fund | 71.26% | -2.17% | 2.96% | -12.14% | 33.77% | 6.02% |
Correlation
The correlation between AVLV and DBE is -0.22, 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. | -0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021 | 0.19 |
The correlation between AVLV and DBE shifts across timeframes, from -0.22 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AVLV vs. DBE — Risk / Return Rank
AVLV
DBE
AVLV vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Large Cap Value ETF (AVLV) 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.
| AVLV | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.28 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 5.96 | 2.50 | +3.46 |
| Martin ratioReturn relative to average drawdown | 24.13 | 7.82 | +16.31 |
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Drawdowns
AVLV vs. DBE - Drawdown Comparison
The maximum AVLV drawdown since its inception was -19.50%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for AVLV and DBE.
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Drawdown Indicators
| AVLV | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.50% | -86.69% | +67.19% |
Max Drawdown (1Y)Largest decline over 1 year | -6.39% | -24.72% | +18.33% |
Max Drawdown (3Y)Largest decline over 3 years | -19.50% | -24.72% | +5.22% |
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 | 0.00% | -34.98% | +34.98% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -57.13% | +53.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 7.90% | -6.32% |
Volatility
AVLV vs. DBE - Volatility Comparison
The current volatility for Avantis U.S. Large Cap Value ETF (AVLV) is 2.53%, while Invesco DB Energy Fund (DBE) has a volatility of 15.07%. This indicates that AVLV 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
| AVLV | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 15.07% | -12.54% |
Volatility (6M)Calculated over the trailing 6-month period | 8.88% | 34.26% | -25.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.35% | 37.66% | -25.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 30.15% | -12.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.17% | 28.60% | -11.43% |
AVLV vs. DBE - Expense Ratio Comparison
AVLV has a 0.15% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
AVLV vs. DBE - Dividend Comparison
AVLV's dividend yield for the trailing twelve months is around 1.05%, less than DBE's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AVLV Avantis U.S. Large Cap Value ETF | 1.05% | 1.33% | 1.58% | 1.85% | 2.00% | 0.29% | 0.00% | 0.00% | 0.00% |
DBE Invesco DB Energy Fund | 2.26% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
Frequently Asked Questions
AVLV and DBE have a correlation of -0.22, 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 AVLV (2.53%). In terms of maximum drawdown, AVLV dropped -19.50% vs DBE's -86.69%.
On 3-year performance, AVLV leads with 21.00% vs 15.22% for DBE. On fees, AVLV is cheaper at 0.15% per year. On volatility, AVLV has been the lower-risk option at 2.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AVLV has performed better with a 21.00% return vs 15.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVLV is cheaper with a 0.15% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.26%, compared with 1.05% for AVLV.
AVLV is categorized as Large Cap Value Equities, while DBE is Oil & Gas. They also come from different issuers: Avantis and Invesco. Their fees differ too: 0.15% for AVLV and 0.78% for DBE.
AVLV currently has the higher Sharpe Ratio (3.09 vs 1.64), 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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