PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
BSV vs. DBE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BSV vs. DBE

Last updated Jun 4, 2026

BSV (Vanguard Short-Term Bond Index Fund ETF Shares) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - BSV is a Short-Term Bond fund tracking the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, BSV returned 1.95%/yr vs 12.03%/yr for DBE. At a correlation of -0.13, they often move in opposite directions. BSV charges 0.03%/yr vs 0.78%/yr for DBE.

Performance

BSV vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Short-Term Bond Index Fund ETF Shares (BSV) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, BSV achieves a 0.29% return, which is significantly lower than DBE's 83.68% return. Over the past 10 years, BSV has underperformed DBE with an annualized return of 1.95%, while DBE has yielded a comparatively higher 12.03% annualized return.

BSV

1D
-0.08%
1M
0.06%
YTD
0.29%
6M
0.52%
1Y
3.68%
3Y*
4.41%
5Y*
1.62%
10Y*
1.95%

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

BSV vs. DBE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BSV
Vanguard Short-Term Bond Index Fund ETF Shares		0.29%6.00%3.78%4.90%-5.49%-1.09%4.70%4.98%1.34%1.20%
DBE
Invesco DB Energy Fund		83.68%-2.17%2.96%-12.14%33.77%57.56%-25.91%19.72%-12.95%5.21%

Correlation

The correlation between BSV and DBE is -0.39, 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

-0.39

Correlation (3Y)
Calculated over the trailing 3-year period

-0.22

Correlation (5Y)
Calculated over the trailing 5-year period

-0.14

Correlation (10Y)
Calculated over the trailing 10-year period

-0.15

Correlation (All Time)
Calculated using the full available price history since Apr 11, 2007

-0.13

Over the past year, the inverse relationship between BSV and DBE has strengthened: their correlation has moved from -0.13 to -0.39, meaning they now move in opposite directions more often than their long-term average.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Short-Term Bond Index Fund ETF Shares

Invesco DB Energy Fund

Often compared with BSV:
BSV vs. BNDBSV vs. VCSHBSV vs. SCHOBSV vs. SHYBSV vs. VUSBBSV vs. VBIRXBSV vs. ISTB
Often compared with DBE:
DBE vs. DBBDBE vs. XLEDBE vs. VDEDBE vs. COMTDBE vs. XLKDBE vs. GLDDBE vs. TIP

Return for Risk

BSV vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BSV
BSV Risk / Return Rank: 6161
Overall Rank
BSV Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
BSV Sortino Ratio Rank: 7171
Sortino Ratio Rank
BSV Omega Ratio Rank: 6363
Omega Ratio Rank
BSV Calmar Ratio Rank: 5757
Calmar Ratio Rank
BSV Martin Ratio Rank: 5757
Martin Ratio Rank
DBE
DBE Risk / Return Rank: 7171
Overall Rank
DBE Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
DBE Sortino Ratio Rank: 6363
Sortino Ratio Rank
DBE Omega Ratio Rank: 6565
Omega Ratio Rank
DBE Calmar Ratio Rank: 9191
Calmar Ratio Rank
DBE Martin Ratio Rank: 6363
Martin Ratio Rank
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.

BSV vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Bond Index Fund ETF Shares (BSV) 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.

BSVDBEDifference
Sharpe ratioReturn per unit of total volatility
2.05
2.43

-0.38

Sortino ratioReturn per unit of downside risk
3.29
2.96

+0.33

Omega ratioGain probability vs. loss probability

1.39

1.40

-0.01

Calmar ratioReturn relative to maximum drawdown

2.87

5.89

-3.02

Martin ratioReturn relative to average drawdown

10.07

11.53

-1.46

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSV vs. DBE - Sharpe Ratio Comparison

The current BSV Sharpe Ratio is 2.05, which is comparable to the DBE Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of BSV 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.

Loading charts...

Sharpe Ratios by Period

BSVDBEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.05

2.43

-0.38

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.60

0.67

-0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.83

0.43

+0.40

Sharpe Ratio (All Time)

Calculated using the full available price history

0.85

0.09

+0.76

Drawdowns

BSV vs. DBE - Drawdown Comparison

The maximum BSV drawdown since its inception was -8.54%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for BSV and DBE.

Loading charts...

Drawdown Indicators

BSVDBEDifference

Max Drawdown

Largest peak-to-trough decline

-8.54%

-86.69%

+78.15%

Max Drawdown (1Y)

Largest decline over 1 year

-1.29%

-14.41%

+13.12%

Max Drawdown (3Y)

Largest decline over 3 years

-1.53%

-23.89%

+22.36%

Max Drawdown (5Y)

Largest decline over 5 years

-8.54%

-38.74%

+30.20%

Max Drawdown (10Y)

Largest decline over 10 years

-8.54%

-60.84%

+52.30%

Current Drawdown

Current decline from peak

-0.63%

-30.27%

+29.64%

Average Drawdown

Average peak-to-trough decline

-0.97%

-57.31%

+56.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.37%

7.35%

-6.98%

Volatility

BSV vs. DBE - Volatility Comparison

The current volatility for Vanguard Short-Term Bond Index Fund ETF Shares (BSV) is 0.52%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that BSV 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.

Loading charts...

Volatility by Period

BSVDBEDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.52%

12.95%

-12.43%

Volatility (6M)

Calculated over the trailing 6-month period

1.26%

30.86%

-29.60%

Volatility (1Y)

Calculated over the trailing 1-year period

1.81%

34.97%

-33.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.72%

29.39%

-26.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.37%

28.33%

-25.96%

BSV vs. DBE - Expense Ratio Comparison

BSV has a 0.03% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

BSV vs. DBE - Dividend Comparison

BSV's dividend yield for the trailing twelve months is around 4.00%, more than DBE's 2.10% yield.

PositionTTM20252024202320222021202020192018201720162015
BSV
Vanguard Short-Term Bond Index Fund ETF Shares		4.00%3.83%3.38%2.46%1.50%1.45%1.79%2.29%1.99%1.65%1.48%1.40%
DBE
Invesco DB Energy Fund		2.10%3.86%6.32%3.87%0.75%0.00%0.00%1.79%1.67%0.00%0.00%0.00%

Frequently Asked Questions

BSV and DBE have a correlation of -0.39, 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 BSV (0.52%). In terms of maximum drawdown, BSV dropped -8.54% vs DBE's -86.69%.

On 10-year performance, DBE leads with 12.03% vs 1.95% for BSV. On fees, BSV is cheaper at 0.03% per year. On volatility, BSV has been the lower-risk option at 0.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DBE has performed better with a 12.03% return vs 1.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

BSV is cheaper with a 0.03% expense ratio, compared with 0.78% for DBE.

BSV has the higher dividend yield at 4.00%, compared with 2.10% for DBE.

BSV is categorized as Short-Term Bond, while DBE is Oil & Gas. BSV tracks Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.03% for BSV and 0.78% for DBE.

DBE currently has the higher Sharpe Ratio (2.43 vs 2.05), 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.

Portfolio Optimizer

Find the right allocation for BSV and DBE

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