BTRN vs. DBE
BTRN (Global X Bitcoin Trend Strategy ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - BTRN is a Cryptocurrency fund tracking the CoinDesk Bitcoin Trend Indicator Futures Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past year, BTRN returned -22.57% vs 55.67% for DBE. Their -0.04 correlation means they have often moved in opposite directions in the past. BTRN charges 0.95%/yr vs 0.78%/yr for DBE.
Performance
BTRN vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, BTRN achieves a -10.38% return, which is significantly lower than DBE's 63.93% return.
BTRN
- 1D
- 0.08%
- 1M
- 0.18%
- 6M
- -9.55%
- YTD
- -10.38%
- 1Y
- -22.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.25%
DBE
- 1D
- -4.28%
- 1M
- 11.01%
- 6M
- 47.49%
- YTD
- 63.93%
- 1Y
- 55.67%
- 3Y*
- 13.55%
- 5Y*
- 16.46%
- 10Y*
- 11.75%
- ALL TIME*
- 2.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.41K | $4.49K | $41.74K | |
| $1.35M | $1.09M | $1.64M |
BTRN vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTRN Global X Bitcoin Trend Strategy ETF | -10.38% | 4.89% | 3.25% |
DBE Invesco DB Energy Fund | 63.93% | -2.17% | -4.60% |
Correlation
The correlation between BTRN and DBE is -0.12, 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. | -0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024 | -0.04 |
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Return for Risk
BTRN vs. DBE — Risk / Return Rank
BTRN
DBE
BTRN vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Bitcoin Trend Strategy ETF (BTRN) 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.
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.
| BTRN | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.85 | ||
| Sortino ratioReturn per unit of downside risk | -3.90 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.26 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 2.26 | -3.14 |
| Martin ratioReturn relative to average drawdown | -1.31 | 7.03 | -8.35 |
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Drawdowns
BTRN vs. DBE - Drawdown Comparison
The maximum BTRN drawdown since its inception was -36.97%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for BTRN and DBE.
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Drawdown Indicators
| BTRN | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.97% | -86.69% | +49.72% |
Max Drawdown (1Y)Largest decline over 1 year | -25.73% | -24.72% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.72% | — |
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 | -26.19% | -37.77% | +11.58% |
Average DrawdownAverage peak-to-trough decline | -15.20% | -57.12% | +41.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.20% | 7.95% | +9.25% |
Volatility
BTRN vs. DBE - Volatility Comparison
The current volatility for Global X Bitcoin Trend Strategy ETF (BTRN) is 2.68%, while Invesco DB Energy Fund (DBE) has a volatility of 15.88%. This indicates that BTRN 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
| BTRN | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 15.88% | -13.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 33.82% | -24.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.62% | 37.86% | -21.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.91% | 30.19% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.91% | 28.64% | +1.27% |
BTRN vs. DBE - Expense Ratio Comparison
BTRN has a 0.95% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
BTRN vs. DBE - Dividend Comparison
BTRN's dividend yield for the trailing twelve months is around 31.32%, more than DBE's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BTRN Global X Bitcoin Trend Strategy ETF | 31.32% | 27.76% | 2.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DBE Invesco DB Energy Fund | 2.36% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
Frequently Asked Questions
BTRN and DBE have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (15.88%) compared to BTRN (2.68%). In terms of maximum drawdown, BTRN dropped -36.97% vs DBE's -86.69%.
On 1-year performance, DBE leads with 55.67% vs -22.57% for BTRN. On fees, DBE is cheaper at 0.78% per year. On volatility, BTRN has been the lower-risk option at 2.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBE has performed better with a 55.67% return vs -22.57%. 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 0.95% for BTRN.
BTRN has the higher dividend yield at 31.32%, compared with 2.36% for DBE.
BTRN is categorized as Cryptocurrency, while DBE is Oil & Gas. BTRN tracks CoinDesk Bitcoin Trend Indicator Futures Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.95% for BTRN and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.48 vs -1.37), 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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