BLCR vs. DBE

Last updated Jun 3, 2026

BLCR (Blackrock Large Cap Core ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - BLCR is a Large Cap Blend Equities fund actively managed by BlackRock, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. BLCR is actively managed, while DBE is passively managed. Over the past year, BLCR returned 48.53% vs 82.31% for DBE. At a correlation of -0.10, they often move in opposite directions. BLCR charges 0.36%/yr vs 0.78%/yr for DBE.

Performance

BLCR vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackrock Large Cap Core ETF (BLCR) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLCR achieves a 19.96% return, which is significantly lower than DBE's 79.50% return.

BLCR

• 1D: 0.14%
• 1M: 6.36%
• YTD: 19.96%
• 6M: 21.52%
• 1Y: 48.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBE

• 1D: 0.80%
• 1M: -3.65%
• YTD: 79.50%
• 6M: 72.59%
• 1Y: 82.31%
• 3Y*: 22.48%
• 5Y*: 19.20%
• 10Y*: 11.78%

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

BLCR vs. DBE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BLCR Blackrock Large Cap Core ETF	19.96%	30.93%	17.07%	14.18%
DBE Invesco DB Energy Fund	79.50%	-2.17%	2.96%	-12.57%

Correlation

The correlation between BLCR and DBE is -0.33, 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	-0.33
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023	-0.10

Over the past year, the inverse relationship between BLCR and DBE has strengthened: their correlation has moved from -0.10 to -0.33, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

BLCR vs. DBE — Risk / Return Rank

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

BLCR

BLCR Risk / Return Rank: 89
BLCR Sharpe Ratio Rank: 90
BLCR Sortino Ratio Rank: 89
BLCR Omega Ratio Rank: 86
BLCR Calmar Ratio Rank: 86
BLCR Martin Ratio Rank: 92

DBE

DBE Risk / Return Rank: 71
DBE Sharpe Ratio Rank: 71
DBE Sortino Ratio Rank: 61
DBE Omega Ratio Rank: 64
DBE Calmar Ratio Rank: 92
DBE Martin Ratio Rank: 65

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.

BLCR vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackrock Large Cap Core ETF (BLCR) 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.

	BLCR	DBE	Difference
Sharpe ratio Return per unit of total volatility	3.14	2.37	+0.77
Sortino ratio Return per unit of downside risk	4.12	2.91	+1.21
Omega ratio Gain probability vs. loss probability	1.54	1.39	+0.14
Calmar ratio Return relative to maximum drawdown	4.86	6.10	-1.24
Martin ratio Return relative to average drawdown	23.10	11.98	+11.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BLCR vs. DBE - Sharpe Ratio Comparison

The current BLCR Sharpe Ratio is 3.14, which is higher than the DBE Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of BLCR and DBE, 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

	BLCR	DBE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.14	2.37	+0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.91	0.09	+1.82

Drawdowns

BLCR vs. DBE - Drawdown Comparison

The maximum BLCR drawdown since its inception was -21.29%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for BLCR and DBE.

Drawdown Indicators

	BLCR	DBE	Difference
Max Drawdown Largest peak-to-trough decline	-21.29%	-86.69%	+65.40%
Max Drawdown (1Y) Largest decline over 1 year	-10.26%	-14.41%	+4.15%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.89%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-60.84%	—
Current Drawdown Current decline from peak	-0.04%	-31.85%	+31.81%
Average Drawdown Average peak-to-trough decline	-2.19%	-57.31%	+55.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	7.34%	-5.18%

Volatility

BLCR vs. DBE - Volatility Comparison

The current volatility for Blackrock Large Cap Core ETF (BLCR) is 4.43%, while Invesco DB Energy Fund (DBE) has a volatility of 13.47%. This indicates that BLCR 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.

Volatility by Period

	BLCR	DBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	13.47%	-9.04%
Volatility (6M) Calculated over the trailing 6-month period	12.25%	30.80%	-18.55%
Volatility (1Y) Calculated over the trailing 1-year period	15.55%	35.02%	-19.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.48%	29.37%	-11.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.48%	28.33%	-10.85%

BLCR vs. DBE - Expense Ratio Comparison

BLCR has a 0.36% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

BLCR vs. DBE - Dividend Comparison

BLCR's dividend yield for the trailing twelve months is around 0.23%, less than DBE's 2.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BLCR Blackrock Large Cap Core ETF	0.23%	0.33%	0.75%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%
DBE Invesco DB Energy Fund	2.15%	3.86%	6.32%	3.87%	0.75%	0.00%	0.00%	1.79%	1.67%

Frequently Asked Questions

Can I hold both BLCR and DBE in my portfolio?

BLCR and DBE have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BLCR or DBE?

DBE has higher volatility (13.47%) compared to BLCR (4.43%). In terms of maximum drawdown, BLCR dropped -21.29% vs DBE's -86.69%.

Which ETF is better, BLCR or DBE?

On 1-year performance, DBE leads with 82.31% vs 48.53% for BLCR. On fees, BLCR is cheaper at 0.36% per year. On volatility, BLCR has been the lower-risk option at 4.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BLCR or DBE?

Over the 1-year period, DBE has performed better with a 82.31% return vs 48.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BLCR or DBE?

BLCR is cheaper with a 0.36% expense ratio, compared with 0.78% for DBE.

Which ETF pays a higher dividend yield, BLCR or DBE?

DBE has the higher dividend yield at 2.15%, compared with 0.23% for BLCR.

What is the main difference between BLCR and DBE?

BLCR is categorized as Large Cap Blend Equities, while DBE is Oil & Gas. They also come from different issuers: BlackRock and Invesco. Their fees differ too: 0.36% for BLCR and 0.78% for DBE.

Which has better risk-adjusted returns?

BLCR currently has the higher Sharpe Ratio (3.14 vs 2.37), 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.