BITS vs. DBE
BITS (Global X Blockchain & Bitcoin Strategy ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - BITS is a Cryptocurrency fund tracking the NONE, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 3 years, BITS returned 49.59%/yr vs 23.42%/yr for DBE. At a 0.06 correlation, their price movements are largely independent. BITS charges 0.65%/yr vs 0.78%/yr for DBE.
Performance
BITS vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, BITS achieves a 4.17% return, which is significantly lower than DBE's 83.68% return.
BITS
- 1D
- -2.94%
- 1M
- -1.76%
- YTD
- 4.17%
- 6M
- -6.53%
- 1Y
- 19.33%
- 3Y*
- 49.59%
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- 2.33%
- 1M
- -5.45%
- YTD
- 83.68%
- 6M
- 74.95%
- 1Y
- 84.41%
- 3Y*
- 23.42%
- 5Y*
- 19.66%
- 10Y*
- 12.03%
BITS vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | 4.17% | 14.90% | 61.84% | 212.23% | -75.46% | -29.31% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | -5.32% |
Correlation
The correlation between BITS and DBE is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021 | 0.06 |
The correlation between BITS and DBE shifts across timeframes, from -0.16 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BITS vs. DBE — Risk / Return Rank
BITS
DBE
BITS vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain & Bitcoin Strategy ETF (BITS) 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.
| BITS | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.40 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 5.89 | -5.49 |
| Martin ratioReturn relative to average drawdown | 0.75 | 11.53 | -10.77 |
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
| BITS | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 2.43 | -2.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.09 | -0.08 |
Drawdowns
BITS vs. DBE - Drawdown Comparison
The maximum BITS drawdown since its inception was -83.11%, roughly equal to the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for BITS and DBE.
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Drawdown Indicators
| BITS | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.11% | -86.69% | +3.58% |
Max Drawdown (1Y)Largest decline over 1 year | -48.38% | -14.41% | -33.97% |
Max Drawdown (3Y)Largest decline over 3 years | -48.38% | -23.89% | -24.49% |
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 | -31.42% | -30.27% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -42.76% | -57.31% | +14.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.68% | 7.35% | +18.33% |
Volatility
BITS vs. DBE - Volatility Comparison
Global X Blockchain & Bitcoin Strategy ETF (BITS) and Invesco DB Energy Fund (DBE) have volatilities of 12.83% and 12.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITS | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.83% | 12.95% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 40.38% | 30.86% | +9.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.55% | 34.97% | +17.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.91% | 29.39% | +31.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.91% | 28.33% | +32.58% |
BITS vs. DBE - Expense Ratio Comparison
BITS has a 0.65% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
BITS vs. DBE - Dividend Comparison
BITS's dividend yield for the trailing twelve months is around 21.88%, more than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | 21.88% | 22.80% | 29.49% | 13.69% | 0.48% | 1.90% | 0.00% | 0.00% | 0.00% |
DBE Invesco DB Energy Fund | 2.10% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
Frequently Asked Questions
BITS and DBE have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (12.95%) compared to BITS (12.83%). In terms of maximum drawdown, BITS dropped -83.11% vs DBE's -86.69%.
On 3-year performance, BITS leads with 49.59% vs 23.42% for DBE. On fees, BITS is cheaper at 0.65% per year. On volatility, BITS has been the lower-risk option at 12.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BITS has performed better with a 49.59% return vs 23.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BITS is cheaper with a 0.65% expense ratio, compared with 0.78% for DBE.
BITS has the higher dividend yield at 21.88%, compared with 2.10% for DBE.
BITS is categorized as Cryptocurrency, while DBE is Oil & Gas. BITS tracks NONE, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.65% for BITS and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.43 vs 0.37), 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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