CNAV vs. DBE
CNAV (Mohr Company Nav ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - CNAV is a Large Cap Blend Equities fund actively managed by Mohr, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. CNAV is actively managed, while DBE is passively managed. Over the past year, CNAV returned 56.50% vs 76.30% for DBE. At a correlation of -0.10, they often move in opposite directions. CNAV charges 1.31%/yr vs 0.78%/yr for DBE.
Performance
CNAV vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, CNAV achieves a 34.15% return, which is significantly lower than DBE's 75.49% return.
CNAV
- 1D
- -7.71%
- 1M
- 3.16%
- YTD
- 34.15%
- 6M
- 33.13%
- 1Y
- 56.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- -1.98%
- 1M
- -1.03%
- YTD
- 75.49%
- 6M
- 64.58%
- 1Y
- 76.30%
- 3Y*
- 21.68%
- 5Y*
- 18.57%
- 10Y*
- 11.19%
CNAV vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CNAV Mohr Company Nav ETF | 34.15% | 16.80% | 6.34% |
DBE Invesco DB Energy Fund | 75.49% | -2.17% | 3.95% |
Correlation
The correlation between CNAV and DBE is -0.22, 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 | -0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2024 | -0.10 |
The correlation between CNAV and DBE shifts across timeframes, from -0.22 (1 year) to -0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CNAV vs. DBE — Risk / Return Rank
CNAV
DBE
CNAV vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mohr Company Nav ETF (CNAV) 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.
| CNAV | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.38 | 5.32 | -0.95 |
| Martin ratioReturn relative to average drawdown | 18.41 | 10.35 | +8.06 |
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
| CNAV | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.18 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.63 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.29 | 0.09 | +1.20 |
Drawdowns
CNAV vs. DBE - Drawdown Comparison
The maximum CNAV drawdown since its inception was -30.06%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for CNAV and DBE.
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Drawdown Indicators
| CNAV | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.06% | -86.69% | +56.63% |
Max Drawdown (1Y)Largest decline over 1 year | -12.97% | -14.41% | +1.44% |
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 | -8.90% | -33.38% | +24.48% |
Average DrawdownAverage peak-to-trough decline | -5.42% | -57.30% | +51.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 7.39% | -4.31% |
Volatility
CNAV vs. DBE - Volatility Comparison
Mohr Company Nav ETF (CNAV) has a higher volatility of 14.56% compared to Invesco DB Energy Fund (DBE) at 11.07%. This indicates that CNAV'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
| CNAV | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.56% | 11.07% | +3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 22.65% | 31.06% | -8.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.34% | 35.12% | -8.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.80% | 29.41% | -1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.80% | 28.34% | -0.54% |
CNAV vs. DBE - Expense Ratio Comparison
CNAV has a 1.31% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
CNAV vs. DBE - Dividend Comparison
CNAV has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CNAV Mohr Company Nav ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DBE Invesco DB Energy Fund | 2.20% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
Frequently Asked Questions
CNAV and DBE have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNAV has higher volatility (14.56%) compared to DBE (11.07%). In terms of maximum drawdown, CNAV dropped -30.06% vs DBE's -86.69%.
On 1-year performance, DBE leads with 76.30% vs 56.50% for CNAV. On fees, DBE is cheaper at 0.78% per year. On volatility, DBE has been the lower-risk option at 11.07%. 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 76.30% return vs 56.50%. 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 1.31% for CNAV.
DBE has the higher dividend yield at 2.20%, compared with 0.00% for CNAV.
CNAV is categorized as Large Cap Blend Equities, while DBE is Oil & Gas. They also come from different issuers: Mohr and Invesco. Their fees differ too: 1.31% for CNAV and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.18 vs 2.16), 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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