BRNY vs. DBE
BRNY (Burney U.S. Factor Rotation ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - BRNY is a fund fund actively managed by Alpha Architect, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. BRNY is actively managed, while DBE is passively managed. Over the past 3 years, BRNY returned 28.46%/yr vs 22.41%/yr for DBE. At a 0.02 correlation, their price movements are largely independent. BRNY charges 0.79%/yr vs 0.78%/yr for DBE.
Performance
BRNY vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, BRNY achieves a 14.34% return, which is significantly lower than DBE's 79.04% return.
BRNY
- 1D
- 0.74%
- 1M
- 5.18%
- YTD
- 14.34%
- 6M
- 15.95%
- 1Y
- 33.88%
- 3Y*
- 28.46%
- 5Y*
- —
- 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%
BRNY vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BRNY Burney U.S. Factor Rotation ETF | 14.34% | 22.02% | 28.84% | 22.36% | 8.91% |
DBE Invesco DB Energy Fund | 79.04% | -2.17% | 2.96% | -12.14% | -6.86% |
Correlation
The correlation between BRNY and DBE is -0.30, 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 | -0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2022 | 0.02 |
The correlation between BRNY and DBE shifts across timeframes, from -0.30 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BRNY vs. DBE — Risk / Return Rank
BRNY
DBE
BRNY vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Burney U.S. Factor Rotation ETF (BRNY) 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.
| BRNY | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.39 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 5.67 | -2.03 |
| Martin ratioReturn relative to average drawdown | 14.33 | 11.08 | +3.25 |
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
| BRNY | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 2.33 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.62 | 0.09 | +1.53 |
Drawdowns
BRNY vs. DBE - Drawdown Comparison
The maximum BRNY drawdown since its inception was -19.14%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for BRNY and DBE.
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Drawdown Indicators
| BRNY | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.14% | -86.69% | +67.55% |
Max Drawdown (1Y)Largest decline over 1 year | -9.34% | -14.41% | +5.07% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -23.89% | +4.75% |
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 | 0.00% | -32.03% | +32.03% |
Average DrawdownAverage peak-to-trough decline | -2.77% | -57.30% | +54.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 7.37% | -5.00% |
Volatility
BRNY vs. DBE - Volatility Comparison
The current volatility for Burney U.S. Factor Rotation ETF (BRNY) is 3.96%, while Invesco DB Energy Fund (DBE) has a volatility of 13.05%. This indicates that BRNY 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
| BRNY | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 13.05% | -9.09% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 30.97% | -20.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.49% | 35.07% | -21.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 29.41% | -12.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.92% | 28.34% | -11.42% |
BRNY vs. DBE - Expense Ratio Comparison
BRNY has a 0.79% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
BRNY vs. DBE - Dividend Comparison
BRNY's dividend yield for the trailing twelve months is around 0.33%, less than DBE's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BRNY Burney U.S. Factor Rotation ETF | 0.33% | 0.30% | 0.23% | 0.68% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% |
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
BRNY and DBE have a correlation of -0.30, 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 BRNY (3.96%). In terms of maximum drawdown, BRNY dropped -19.14% vs DBE's -86.69%.
On 3-year performance, BRNY leads with 28.46% vs 22.41% for DBE. On fees, DBE is cheaper at 0.78% per year. On volatility, BRNY has been the lower-risk option at 3.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BRNY has performed better with a 28.46% return vs 22.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 0.79% for BRNY.
DBE has the higher dividend yield at 2.16%, compared with 0.33% for BRNY.
They also come from different issuers: Alpha Architect and Invesco. Their fees differ too: 0.79% for BRNY and 0.78% for DBE.
BRNY currently has the higher Sharpe Ratio (2.52 vs 2.33), 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.
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