CGIC vs. DBE
CGIC (Capital Group International Core Equity ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - CGIC is a Foreign Large Cap Equities fund actively managed by Capital Group, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. CGIC is actively managed, while DBE is passively managed. Over the past year, CGIC returned 30.79% vs 84.41% for DBE. At a correlation of -0.12, they often move in opposite directions. CGIC charges 0.54%/yr vs 0.78%/yr for DBE.
Performance
CGIC vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, CGIC achieves a 12.85% return, which is significantly lower than DBE's 83.68% return.
CGIC
- 1D
- -1.04%
- 1M
- 5.13%
- YTD
- 12.85%
- 6M
- 15.39%
- 1Y
- 30.79%
- 3Y*
- —
- 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%
CGIC vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CGIC Capital Group International Core Equity ETF | 12.85% | 37.53% | -2.81% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | -5.80% |
Correlation
The correlation between CGIC and DBE is -0.35, 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 | -0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2024 | -0.12 |
Over the past year, the inverse relationship between CGIC and DBE has strengthened: their correlation has moved from -0.12 to -0.35, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
CGIC vs. DBE — Risk / Return Rank
CGIC
DBE
CGIC vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group International Core Equity ETF (CGIC) 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.
| CGIC | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.40 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 5.89 | -3.15 |
| Martin ratioReturn relative to average drawdown | 10.54 | 11.53 | -0.99 |
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
| CGIC | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 2.43 | -0.37 |
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 | 1.48 | 0.09 | +1.39 |
Drawdowns
CGIC vs. DBE - Drawdown Comparison
The maximum CGIC drawdown since its inception was -13.10%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for CGIC and DBE.
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Drawdown Indicators
| CGIC | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.10% | -86.69% | +73.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -14.41% | +3.11% |
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 DrawdownCurrent decline from peak | -1.04% | -30.27% | +29.23% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -57.31% | +54.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 7.35% | -4.42% |
Volatility
CGIC vs. DBE - Volatility Comparison
The current volatility for Capital Group International Core Equity ETF (CGIC) is 5.82%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that CGIC 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
| CGIC | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 12.95% | -7.13% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 30.86% | -18.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.01% | 34.97% | -19.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.14% | 29.39% | -13.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 28.33% | -12.19% |
CGIC vs. DBE - Expense Ratio Comparison
CGIC has a 0.54% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
CGIC vs. DBE - Dividend Comparison
CGIC's dividend yield for the trailing twelve months is around 1.32%, less than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CGIC Capital Group International Core Equity ETF | 1.32% | 1.60% | 0.68% | 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
CGIC and DBE have a correlation of -0.35, 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 CGIC (5.82%). In terms of maximum drawdown, CGIC dropped -13.10% vs DBE's -86.69%.
On 1-year performance, DBE leads with 84.41% vs 30.79% for CGIC. On fees, CGIC is cheaper at 0.54% per year. On volatility, CGIC has been the lower-risk option at 5.82%. 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 84.41% return vs 30.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CGIC is cheaper with a 0.54% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.10%, compared with 1.32% for CGIC.
CGIC is categorized as Foreign Large Cap Equities, while DBE is Oil & Gas. They also come from different issuers: Capital Group and Invesco. Their fees differ too: 0.54% for CGIC and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.43 vs 2.06), 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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