BBUS vs. DBO
BBUS (JPMorgan BetaBuilders U.S. Equity ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - BBUS is a Large Cap Blend Equities fund tracking the Morningstar US Target Market Exposure 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 5 years, BBUS returned 12.56%/yr vs 13.64%/yr for DBO. Their 0.16 correlation means their historical movements had little consistent relationship. BBUS charges 0.02%/yr vs 0.78%/yr for DBO.
Performance
BBUS vs. DBO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BBUS achieves a 11.30% return, which is significantly lower than DBO's 66.72% return.
BBUS
- 1D
- 1.46%
- 1M
- 1.67%
- 6M
- 9.38%
- YTD
- 11.30%
- 1Y
- 22.56%
- 3Y*
- 20.79%
- 5Y*
- 12.56%
- 10Y*
- —
- ALL TIME*
- 15.98%
DBO
- 1D
- -5.53%
- 1M
- 17.71%
- 6M
- 53.16%
- YTD
- 66.72%
- 1Y
- 51.44%
- 3Y*
- 12.33%
- 5Y*
- 13.64%
- 10Y*
- 11.43%
- ALL TIME*
- 0.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $26.15M | $23.57M | $29.57M | |
| $11.34M | $10.71M | $13.49M |
BBUS vs. DBO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BBUS JPMorgan BetaBuilders U.S. Equity ETF | 11.30% | 17.77% | 24.89% | 27.20% | -19.46% | 27.13% | 20.69% | 16.26% |
DBO Invesco DB Oil Fund | 66.72% | -11.71% | 7.85% | -4.44% | 13.04% | 60.74% | -20.99% | 5.10% |
Correlation
The correlation between BBUS and DBO is -0.26, 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. | -0.26 |
Correlation (3Y) Balances recent behavior with more history. | -0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019 | 0.16 |
The correlation between BBUS and DBO shifts across timeframes, from -0.26 (1 year) to 0.16 (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
BBUS vs. DBO — Risk / Return Rank
BBUS
DBO
BBUS vs. DBO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Equity ETF (BBUS) 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.
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.
| BBUS | DBO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.23 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 1.86 | +0.60 |
| Martin ratioReturn relative to average drawdown | 10.36 | 5.64 | +4.72 |
Loading charts...
Drawdowns
BBUS vs. DBO - Drawdown Comparison
The maximum BBUS drawdown since its inception was -35.35%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for BBUS and DBO.
Loading charts...
Drawdown Indicators
| BBUS | DBO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.35% | -90.18% | +54.83% |
Max Drawdown (1Y)Largest decline over 1 year | -9.21% | -27.73% | +18.52% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | -28.20% | +9.19% |
Max Drawdown (5Y)Largest decline over 5 years | -25.46% | -37.68% | +12.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.69% | — |
Current DrawdownCurrent decline from peak | -0.12% | -56.13% | +56.01% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -62.20% | +56.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 9.16% | -6.98% |
Volatility
BBUS vs. DBO - Volatility Comparison
The current volatility for JPMorgan BetaBuilders U.S. Equity ETF (BBUS) is 3.82%, while Invesco DB Oil Fund (DBO) has a volatility of 18.99%. This indicates that BBUS 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.
Loading charts...
Volatility by Period
| BBUS | DBO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 18.99% | -15.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.23% | 34.30% | -24.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.87% | 38.86% | -25.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 33.43% | -16.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.50% | 32.24% | -12.74% |
BBUS vs. DBO - Expense Ratio Comparison
BBUS has a 0.02% expense ratio, which is lower than DBO's 0.78% expense ratio.
Dividends
BBUS vs. DBO - Dividend Comparison
BBUS's dividend yield for the trailing twelve months is around 1.00%, less than DBO's 2.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BBUS JPMorgan BetaBuilders U.S. Equity ETF | 1.00% | 1.07% | 1.21% | 1.38% | 1.57% | 1.11% | 1.43% | 1.37% | 0.00% |
DBO Invesco DB Oil Fund | 2.11% | 3.51% | 4.68% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.58% |
Frequently Asked Questions
BBUS and DBO have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBO has higher volatility (18.99%) compared to BBUS (3.82%). In terms of maximum drawdown, BBUS dropped -35.35% vs DBO's -90.18%.
On 5-year performance, DBO leads with 13.64% vs 12.56% for BBUS. On fees, BBUS is cheaper at 0.02% per year. On volatility, BBUS has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBO has performed better with a 13.64% return vs 12.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBUS is cheaper with a 0.02% expense ratio, compared with 0.78% for DBO.
DBO has the higher dividend yield at 2.11%, compared with 1.00% for BBUS.
BBUS is categorized as Large Cap Blend Equities, while DBO is Oil & Gas. BBUS tracks Morningstar US Target Market Exposure Index, while DBO tracks DBIQ Optimum Yield Crude Oil Index Excess Return. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.02% for BBUS and 0.78% for DBO.
BBUS currently has the higher Sharpe Ratio (1.76 vs 1.33), 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 BBUS and DBO
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