CRDT vs. DBE
CRDT (Simplify Opportunistic Income ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - CRDT is a Multisector Bonds fund actively managed by Simplify, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. CRDT is actively managed, while DBE is passively managed. Over the past year, CRDT returned 3.19% vs 81.31% for DBE. At a correlation of -0.08, they often move in opposite directions. CRDT charges 0.50%/yr vs 0.78%/yr for DBE.
Performance
CRDT vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, CRDT achieves a 3.61% return, which is significantly lower than DBE's 79.04% return.
CRDT
- 1D
- 1.01%
- 1M
- 2.46%
- YTD
- 3.61%
- 6M
- 4.78%
- 1Y
- 3.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- -2.52%
- 1M
- -6.01%
- YTD
- 79.04%
- 6M
- 69.31%
- 1Y
- 81.31%
- 3Y*
- 22.41%
- 5Y*
- 19.05%
- 10Y*
- 11.58%
CRDT vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CRDT Simplify Opportunistic Income ETF | 3.61% | -0.67% | 5.19% | 5.16% |
DBE Invesco DB Energy Fund | 79.04% | -2.17% | 2.96% | 3.73% |
Correlation
The correlation between CRDT and DBE is -0.27, 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 | -0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2023 | -0.08 |
The correlation between CRDT and DBE shifts across timeframes, from -0.27 (1 year) to -0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CRDT vs. DBE — Risk / Return Rank
CRDT
DBE
CRDT vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Opportunistic Income ETF (CRDT) 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.
| CRDT | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.39 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 5.67 | -5.23 |
| Martin ratioReturn relative to average drawdown | 1.33 | 11.08 | -9.74 |
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
| CRDT | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 2.33 | -1.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.09 | +0.55 |
Drawdowns
CRDT vs. DBE - Drawdown Comparison
The maximum CRDT drawdown since its inception was -9.80%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for CRDT and DBE.
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Drawdown Indicators
| CRDT | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.80% | -86.69% | +76.89% |
Max Drawdown (1Y)Largest decline over 1 year | -7.18% | -14.41% | +7.23% |
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 | -1.67% | -32.03% | +30.36% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -57.30% | +54.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 7.37% | -4.97% |
Volatility
CRDT vs. DBE - Volatility Comparison
The current volatility for Simplify Opportunistic Income ETF (CRDT) is 3.86%, while Invesco DB Energy Fund (DBE) has a volatility of 13.05%. This indicates that CRDT 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
| CRDT | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 13.05% | -9.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 30.97% | -23.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.83% | 35.07% | -26.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.07% | 29.41% | -22.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.07% | 28.34% | -21.27% |
CRDT vs. DBE - Expense Ratio Comparison
CRDT has a 0.50% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
CRDT vs. DBE - Dividend Comparison
CRDT's dividend yield for the trailing twelve months is around 6.23%, more than DBE's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CRDT Simplify Opportunistic Income ETF | 6.23% | 7.04% | 7.29% | 2.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DBE Invesco DB Energy Fund | 2.16% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
Frequently Asked Questions
CRDT and DBE have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (13.05%) compared to CRDT (3.86%). In terms of maximum drawdown, CRDT dropped -9.80% vs DBE's -86.69%.
On 1-year performance, DBE leads with 81.31% vs 3.19% for CRDT. On fees, CRDT is cheaper at 0.50% per year. On volatility, CRDT has been the lower-risk option at 3.86%. 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 81.31% return vs 3.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CRDT is cheaper with a 0.50% expense ratio, compared with 0.78% for DBE.
CRDT has the higher dividend yield at 6.23%, compared with 2.16% for DBE.
CRDT is categorized as Multisector Bonds, while DBE is Oil & Gas. They also come from different issuers: Simplify and Invesco. Their fees differ too: 0.50% for CRDT and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.33 vs 0.36), 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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