BBEM vs. DBE
BBEM (JPMorgan Betabuilders Emerging Markets Equity ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - BBEM is a Emerging Markets Equities fund tracking the Morningstar Emerging Markets Target Market Exposure 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, BBEM returned 19.28%/yr vs 13.46%/yr for DBE. Their 0.02 correlation means their historical movements had little consistent relationship. BBEM charges 0.15%/yr vs 0.78%/yr for DBE.
Performance
BBEM vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, BBEM achieves a 19.98% return, which is significantly lower than DBE's 63.53% return.
BBEM
- 1D
- -0.58%
- 1M
- -2.93%
- 6M
- 12.45%
- YTD
- 19.98%
- 1Y
- 35.43%
- 3Y*
- 19.28%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.48%
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) |
|---|---|---|---|
| $4.52M | $2.48M | $2.94M | |
| $1.42M | $1.12M | $1.57M |
BBEM vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 19.98% | 32.43% | 5.61% | 6.01% |
DBE Invesco DB Energy Fund | 63.53% | -2.17% | 2.96% | 1.29% |
Correlation
The correlation between BBEM 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. | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 11, 2023 | 0.02 |
The correlation between BBEM and DBE shifts across timeframes, from -0.24 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BBEM vs. DBE — Risk / Return Rank
BBEM
DBE
BBEM vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) 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.
| BBEM | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.26 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.34 | +0.32 |
| Martin ratioReturn relative to average drawdown | 7.98 | 7.22 | +0.76 |
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Drawdowns
BBEM vs. DBE - Drawdown Comparison
The maximum BBEM drawdown since its inception was -17.42%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for BBEM and DBE.
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Drawdown Indicators
| BBEM | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.42% | -86.69% | +69.27% |
Max Drawdown (1Y)Largest decline over 1 year | -13.37% | -24.72% | +11.35% |
Max Drawdown (3Y)Largest decline over 3 years | -17.42% | -24.72% | +7.30% |
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 | -7.36% | -37.92% | +30.56% |
Average DrawdownAverage peak-to-trough decline | -3.85% | -57.12% | +53.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.45% | 8.00% | -3.55% |
Volatility
BBEM vs. DBE - Volatility Comparison
The current volatility for JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) is 8.13%, while Invesco DB Energy Fund (DBE) has a volatility of 15.65%. This indicates that BBEM 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
| BBEM | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 15.65% | -7.52% |
Volatility (6M)Calculated over the trailing 6-month period | 21.87% | 33.76% | -11.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.99% | 37.85% | -13.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.88% | 30.19% | -11.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.88% | 28.63% | -9.75% |
BBEM vs. DBE - Expense Ratio Comparison
BBEM has a 0.15% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
BBEM vs. DBE - Dividend Comparison
BBEM's dividend yield for the trailing twelve months is around 4.83%, more than DBE's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 4.83% | 5.86% | 2.73% | 1.94% | 0.00% | 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
BBEM 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 BBEM (8.13%). In terms of maximum drawdown, BBEM dropped -17.42% vs DBE's -86.69%.
On 3-year performance, BBEM leads with 19.28% vs 13.46% for DBE. On fees, BBEM is cheaper at 0.15% per year. On volatility, BBEM has been the lower-risk option at 8.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BBEM has performed better with a 19.28% return vs 13.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBEM is cheaper with a 0.15% expense ratio, compared with 0.78% for DBE.
BBEM has the higher dividend yield at 4.83%, compared with 2.36% for DBE.
BBEM is categorized as Emerging Markets Equities, while DBE is Oil & Gas. BBEM tracks Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.15% for BBEM and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.53 vs 1.48), 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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