CGSD vs. DBE
CGSD (Capital Group Short Duration Income ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - CGSD is a Short-Term Bond fund actively managed by Capital Group, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. CGSD is actively managed, while DBE is passively managed. Over the past 3 years, CGSD returned 5.21%/yr vs 23.42%/yr for DBE. At a correlation of -0.15, they often move in opposite directions. CGSD charges 0.25%/yr vs 0.78%/yr for DBE.
Performance
CGSD vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, CGSD achieves a 0.70% return, which is significantly lower than DBE's 83.68% return.
CGSD
- 1D
- -0.10%
- 1M
- 0.14%
- YTD
- 0.70%
- 6M
- 1.09%
- 1Y
- 4.30%
- 3Y*
- 5.21%
- 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%
CGSD vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CGSD Capital Group Short Duration Income ETF | 0.70% | 6.11% | 5.46% | 5.03% | 1.32% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | -9.33% |
Correlation
The correlation between CGSD and DBE is -0.32, 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 | -0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022 | -0.15 |
The correlation between CGSD and DBE shifts across timeframes, from -0.32 (1 year) to -0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CGSD vs. DBE — Risk / Return Rank
CGSD
DBE
CGSD vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Short Duration Income ETF (CGSD) 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.
| CGSD | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.40 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.88 | 5.89 | -2.01 |
| Martin ratioReturn relative to average drawdown | 18.36 | 11.53 | +6.83 |
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
| CGSD | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.94 | 2.43 | +0.51 |
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 | 2.41 | 0.09 | +2.32 |
Drawdowns
CGSD vs. DBE - Drawdown Comparison
The maximum CGSD drawdown since its inception was -1.75%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for CGSD and DBE.
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Drawdown Indicators
| CGSD | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.75% | -86.69% | +84.94% |
Max Drawdown (1Y)Largest decline over 1 year | -1.11% | -14.41% | +13.30% |
Max Drawdown (3Y)Largest decline over 3 years | -1.11% | -23.89% | +22.78% |
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 | -0.14% | -30.27% | +30.13% |
Average DrawdownAverage peak-to-trough decline | -0.28% | -57.31% | +57.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 7.35% | -7.12% |
Volatility
CGSD vs. DBE - Volatility Comparison
The current volatility for Capital Group Short Duration Income ETF (CGSD) is 0.39%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that CGSD 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
| CGSD | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.39% | 12.95% | -12.56% |
Volatility (6M)Calculated over the trailing 6-month period | 1.01% | 30.86% | -29.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.47% | 34.97% | -33.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.16% | 29.39% | -27.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.16% | 28.33% | -26.17% |
CGSD vs. DBE - Expense Ratio Comparison
CGSD has a 0.25% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
CGSD vs. DBE - Dividend Comparison
CGSD's dividend yield for the trailing twelve months is around 4.46%, more than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CGSD Capital Group Short Duration Income ETF | 4.46% | 4.48% | 4.57% | 4.43% | 0.64% | 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
CGSD and DBE have a correlation of -0.32, 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 CGSD (0.39%). In terms of maximum drawdown, CGSD dropped -1.75% vs DBE's -86.69%.
On 3-year performance, DBE leads with 23.42% vs 5.21% for CGSD. On fees, CGSD is cheaper at 0.25% per year. On volatility, CGSD has been the lower-risk option at 0.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DBE has performed better with a 23.42% return vs 5.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CGSD is cheaper with a 0.25% expense ratio, compared with 0.78% for DBE.
CGSD has the higher dividend yield at 4.46%, compared with 2.10% for DBE.
CGSD is categorized as Short-Term Bond, while DBE is Oil & Gas. They also come from different issuers: Capital Group and Invesco. Their fees differ too: 0.25% for CGSD and 0.78% for DBE.
CGSD currently has the higher Sharpe Ratio (2.94 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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