BBBI vs. DBO

Last updated Jun 5, 2026

BBBI (BondBloxx BBB Rated 5-10 Year Corporate Bond ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - BBBI is a Corporate Bonds fund tracking the Bloomberg U.S. Corporate BBB 5-10 Year Index, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. Both are passively managed. Over the past year, BBBI returned 6.02% vs 77.38% for DBO. At a correlation of -0.26, they often move in opposite directions. BBBI charges 0.19%/yr vs 0.78%/yr for DBO.

Performance

BBBI vs. DBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI) and Invesco DB Oil Fund (DBO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBBI achieves a 0.46% return, which is significantly lower than DBO's 79.84% return.

BBBI

• 1D: 0.08%
• 1M: 0.30%
• YTD: 0.46%
• 6M: 0.63%
• 1Y: 6.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBO

• 1D: -2.66%
• 1M: -3.39%
• YTD: 79.84%
• 6M: 74.51%
• 1Y: 77.38%
• 3Y*: 20.83%
• 5Y*: 15.36%
• 10Y*: 10.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBBI vs. DBO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BBBI BondBloxx BBB Rated 5-10 Year Corporate Bond ETF	0.46%	9.28%	4.37%
DBO Invesco DB Oil Fund	79.84%	-11.71%	2.19%

Correlation

The correlation between BBBI and DBO is -0.43, 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	-0.43
Correlation (All Time) Calculated using the full available price history since Jan 26, 2024	-0.26

The correlation between BBBI and DBO shifts across timeframes, from -0.43 (1 year) to -0.26 (all time), reflecting how their relationship changes across market environments.

BBBI vs. DBO - Sectors Allocation Comparison

Sectors	BBBI	DBO
Consumer Defensive	0.2%	-
Healthcare	0.1%	-
Communication Services	0.1%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Energy	-	-
Financial Services	-	116.0%
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

BBBI vs. DBO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBBI

BBBI Risk / Return Rank: 44
BBBI Sharpe Ratio Rank: 44
BBBI Sortino Ratio Rank: 46
BBBI Omega Ratio Rank: 42
BBBI Calmar Ratio Rank: 42
BBBI Martin Ratio Rank: 44

DBO

DBO Risk / Return Rank: 65
DBO Sharpe Ratio Rank: 70
DBO Sortino Ratio Rank: 62
DBO Omega Ratio Rank: 61
DBO Calmar Ratio Rank: 82
DBO Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBBI vs. DBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI) and Invesco DB Oil Fund (DBO). 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.

	BBBI	DBO	Difference
Sharpe ratio: Return per unit of total volatility	1.53	2.25	-0.72
Sortino ratio: Return per unit of downside risk	2.25	2.85	-0.60
Omega ratio: Gain probability vs. loss probability	1.27	1.36	-0.09
Calmar ratio: Return relative to maximum drawdown	2.05	4.28	-2.22
Martin ratio: Return relative to average drawdown	7.02	8.69	-1.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBBI vs. DBO - Sharpe Ratio Comparison

The current BBBI Sharpe Ratio is 1.53, which is lower than the DBO Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of BBBI and DBO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBBI	DBO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	2.25	-0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.48	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.19	0.02	+1.18

Drawdowns

BBBI vs. DBO - Drawdown Comparison

The maximum BBBI drawdown since its inception was -4.11%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for BBBI and DBO.

Drawdown Indicators

	BBBI	DBO	Difference
Max Drawdown Largest peak-to-trough decline	-4.11%	-90.18%	+86.07%
Max Drawdown (1Y) Largest decline over 1 year	-2.94%	-18.19%	+15.25%
Max Drawdown (3Y) Largest decline over 3 years	—	-28.20%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-61.69%	—
Current Drawdown Current decline from peak	-1.06%	-52.68%	+51.62%
Average Drawdown Average peak-to-trough decline	-0.98%	-62.25%	+61.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	8.94%	-8.08%

Volatility

BBBI vs. DBO - Volatility Comparison

The current volatility for BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI) is 1.32%, while Invesco DB Oil Fund (DBO) has a volatility of 12.79%. This indicates that BBBI experiences smaller price fluctuations and is considered to be less risky than DBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBBI	DBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	12.79%	-11.47%
Volatility (6M) Calculated over the trailing 6-month period	3.00%	28.32%	-25.32%
Volatility (1Y) Calculated over the trailing 1-year period	3.98%	34.58%	-30.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.01%	32.31%	-27.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.01%	31.79%	-26.78%

BBBI vs. DBO - Expense Ratio Comparison

BBBI has a 0.19% expense ratio, which is lower than DBO's 0.78% expense ratio.

Dividends

BBBI vs. DBO - Dividend Comparison

BBBI's dividend yield for the trailing twelve months is around 4.79%, more than DBO's 1.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBBI BondBloxx BBB Rated 5-10 Year Corporate Bond ETF	4.79%	4.90%	4.61%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DBO Invesco DB Oil Fund	1.95%	3.51%	4.68%	4.59%	0.66%	0.00%	0.00%	1.63%	1.58%

Frequently Asked Questions

Can I hold both BBBI and DBO in my portfolio?

BBBI and DBO have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBBI or DBO?

DBO has higher volatility (12.79%) compared to BBBI (1.32%). In terms of maximum drawdown, BBBI dropped -4.11% vs DBO's -90.18%.

Which ETF is better, BBBI or DBO?

On 1-year performance, DBO leads with 77.38% vs 6.02% for BBBI. On fees, BBBI is cheaper at 0.19% per year. On volatility, BBBI has been the lower-risk option at 1.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBBI or DBO?

Over the 1-year period, DBO has performed better with a 77.38% return vs 6.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBBI or DBO?

BBBI is cheaper with a 0.19% expense ratio, compared with 0.78% for DBO.

Which ETF pays a higher dividend yield, BBBI or DBO?

BBBI has the higher dividend yield at 4.79%, compared with 1.95% for DBO.

What is the main difference between BBBI and DBO?

BBBI is categorized as Corporate Bonds, while DBO is Oil & Gas. BBBI tracks Bloomberg U.S. Corporate BBB 5-10 Year Index, while DBO tracks DBIQ Optimum Yield Crude Oil Index Excess Return. They also come from different issuers: BondBloxx and Invesco. Their fees differ too: 0.19% for BBBI and 0.78% for DBO.

Which has better risk-adjusted returns?

DBO currently has the higher Sharpe Ratio (2.25 vs 1.53), 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.