BULZ vs. DBE
BULZ (MicroSectors Solactive FANG & Innovation 3X Leveraged ETN) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - BULZ is a Leveraged Equities fund tracking the Solactive FANG Innovation, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 3 years, BULZ returned 102.20%/yr vs 23.42%/yr for DBE. At a 0.05 correlation, their price movements are largely independent. BULZ charges 0.95%/yr vs 0.78%/yr for DBE.
Performance
BULZ vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, BULZ achieves a 100.89% return, which is significantly higher than DBE's 83.68% return.
BULZ
- 1D
- -3.69%
- 1M
- 48.46%
- YTD
- 100.89%
- 6M
- 88.97%
- 1Y
- 258.75%
- 3Y*
- 102.20%
- 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%
BULZ vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | 100.89% | 60.09% | 54.09% | 394.22% | -92.26% | 12.62% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | 16.11% |
Correlation
The correlation between BULZ and DBE is -0.24, 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 | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2021 | 0.05 |
The correlation between BULZ and DBE shifts across timeframes, from -0.24 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BULZ vs. DBE — Risk / Return Rank
BULZ
DBE
BULZ vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) 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.
| BULZ | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.40 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.81 | 5.89 | -1.08 |
| Martin ratioReturn relative to average drawdown | 12.88 | 11.53 | +1.35 |
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
| BULZ | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.51 | 2.43 | +1.08 |
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 | 0.19 | 0.09 | +0.09 |
Drawdowns
BULZ vs. DBE - Drawdown Comparison
The maximum BULZ drawdown since its inception was -94.44%, which is greater than DBE's maximum drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for BULZ and DBE.
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Drawdown Indicators
| BULZ | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.44% | -86.69% | -7.75% |
Max Drawdown (1Y)Largest decline over 1 year | -54.22% | -14.41% | -39.81% |
Max Drawdown (3Y)Largest decline over 3 years | -67.96% | -23.89% | -44.07% |
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 | -5.35% | -30.27% | +24.92% |
Average DrawdownAverage peak-to-trough decline | -58.42% | -57.31% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.19% | 7.35% | +12.84% |
Volatility
BULZ vs. DBE - Volatility Comparison
MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has a higher volatility of 22.49% compared to Invesco DB Energy Fund (DBE) at 12.95%. This indicates that BULZ's price experiences larger fluctuations and is considered to be riskier 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
| BULZ | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.49% | 12.95% | +9.54% |
Volatility (6M)Calculated over the trailing 6-month period | 56.86% | 30.86% | +26.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.35% | 34.97% | +39.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.23% | 29.39% | +61.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.23% | 28.33% | +62.90% |
BULZ vs. DBE - Expense Ratio Comparison
BULZ has a 0.95% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
BULZ vs. DBE - Dividend Comparison
BULZ has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
BULZ and DBE have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BULZ has higher volatility (22.49%) compared to DBE (12.95%). In terms of maximum drawdown, BULZ dropped -94.44% vs DBE's -86.69%.
On 3-year performance, BULZ leads with 102.20% vs 23.42% for DBE. On fees, DBE is cheaper at 0.78% per year. On volatility, DBE has been the lower-risk option at 12.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BULZ has performed better with a 102.20% return vs 23.42%. 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 BULZ.
DBE has the higher dividend yield at 2.10%, compared with 0.00% for BULZ.
BULZ is categorized as Leveraged Equities, while DBE is Oil & Gas. BULZ tracks Solactive FANG Innovation, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: BMO and Invesco. Their fees differ too: 0.95% for BULZ and 0.78% for DBE.
BULZ currently has the higher Sharpe Ratio (3.51 vs 2.43), 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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