BBEU vs. DBE
BBEU (JPMorgan BetaBuilders Europe ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - BBEU is a Europe Equities fund tracking the Morningstar Developed Europe Target Market Exposure Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, BBEU returned 9.03%/yr vs 19.05%/yr for DBE. At a 0.18 correlation, their price movements are largely independent. BBEU charges 0.09%/yr vs 0.78%/yr for DBE.
Performance
BBEU vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, BBEU achieves a 6.77% return, which is significantly lower than DBE's 79.04% return.
BBEU
- 1D
- 1.18%
- 1M
- 2.36%
- YTD
- 6.77%
- 6M
- 9.98%
- 1Y
- 18.96%
- 3Y*
- 17.22%
- 5Y*
- 9.03%
- 10Y*
- —
DBE
- 1D
- -2.52%
- 1M
- -6.01%
- YTD
- 79.04%
- 6M
- 69.31%
- 1Y
- 81.31%
- 3Y*
- 22.41%
- 5Y*
- 19.05%
- 10Y*
- 11.58%
BBEU vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BBEU JPMorgan BetaBuilders Europe ETF | 6.77% | 36.37% | 1.85% | 20.31% | -14.72% | 17.50% | 5.00% | 23.96% | -13.25% |
DBE Invesco DB Energy Fund | 79.04% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -22.45% |
Correlation
The correlation between BBEU and DBE is -0.42, 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 | -0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2018 | 0.18 |
The correlation between BBEU and DBE shifts across timeframes, from -0.42 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BBEU vs. DBE — Risk / Return Rank
BBEU
DBE
BBEU vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Europe ETF (BBEU) 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.
| BBEU | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.39 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 5.67 | -4.12 |
| Martin ratioReturn relative to average drawdown | 5.78 | 11.08 | -5.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BBEU | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 2.33 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.65 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.09 | +0.39 |
Drawdowns
BBEU vs. DBE - Drawdown Comparison
The maximum BBEU drawdown since its inception was -36.27%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for BBEU and DBE.
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Drawdown Indicators
| BBEU | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.27% | -86.69% | +50.42% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -14.41% | +2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -14.23% | -23.89% | +9.66% |
Max Drawdown (5Y)Largest decline over 5 years | -31.08% | -38.74% | +7.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -1.50% | -32.03% | +30.53% |
Average DrawdownAverage peak-to-trough decline | -6.14% | -57.30% | +51.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 7.37% | -4.08% |
Volatility
BBEU vs. DBE - Volatility Comparison
The current volatility for JPMorgan BetaBuilders Europe ETF (BBEU) is 5.55%, while Invesco DB Energy Fund (DBE) has a volatility of 13.05%. This indicates that BBEU 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
| BBEU | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 13.05% | -7.50% |
Volatility (6M)Calculated over the trailing 6-month period | 13.02% | 30.97% | -17.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.51% | 35.07% | -19.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 29.41% | -11.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.32% | 28.34% | -9.02% |
BBEU vs. DBE - Expense Ratio Comparison
BBEU has a 0.09% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
BBEU vs. DBE - Dividend Comparison
BBEU's dividend yield for the trailing twelve months is around 2.78%, more than DBE's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BBEU JPMorgan BetaBuilders Europe ETF | 2.78% | 2.83% | 4.16% | 2.94% | 4.72% | 2.63% | 2.29% | 3.24% | 0.49% |
DBE Invesco DB Energy Fund | 2.16% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
Frequently Asked Questions
BBEU and DBE have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (13.05%) compared to BBEU (5.55%). In terms of maximum drawdown, BBEU dropped -36.27% vs DBE's -86.69%.
On 5-year performance, DBE leads with 19.05% vs 9.03% for BBEU. On fees, BBEU is cheaper at 0.09% per year. On volatility, BBEU has been the lower-risk option at 5.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBE has performed better with a 19.05% return vs 9.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBEU is cheaper with a 0.09% expense ratio, compared with 0.78% for DBE.
BBEU has the higher dividend yield at 2.78%, compared with 2.16% for DBE.
BBEU is categorized as Europe Equities, while DBE is Oil & Gas. BBEU tracks Morningstar Developed Europe Target Market Exposure Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.09% for BBEU and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.33 vs 1.23), 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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