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CSB vs. DBE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CSB vs. DBE

Last updated Jun 4, 2026

CSB (VictoryShares US Small Cap High Dividend Volatility Wtd ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - CSB is a Small Cap Blend Equities fund tracking the Nasdaq Victory U.S. Small Cap High Dividend 100 Volatility Weighted Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, CSB returned 9.58%/yr vs 12.03%/yr for DBE. At a 0.21 correlation, their price movements are largely independent. CSB charges 0.35%/yr vs 0.78%/yr for DBE.

Performance

CSB vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CSB achieves a 8.30% return, which is significantly lower than DBE's 83.68% return. Over the past 10 years, CSB has underperformed DBE with an annualized return of 9.58%, while DBE has yielded a comparatively higher 12.03% annualized return.

CSB

1D
-1.09%
1M
-1.58%
YTD
8.30%
6M
7.74%
1Y
17.95%
3Y*
11.48%
5Y*
3.65%
10Y*
9.58%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSB vs. DBE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CSB
VictoryShares US Small Cap High Dividend Volatility Wtd ETF		8.30%2.26%9.64%12.60%-13.11%27.04%11.30%21.12%-7.10%11.32%
DBE
Invesco DB Energy Fund		83.68%-2.17%2.96%-12.14%33.77%57.56%-25.91%19.72%-12.95%5.21%

Correlation

The correlation between CSB and DBE is -0.16, 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

-0.16

Correlation (3Y)
Calculated over the trailing 3-year period

0.03

Correlation (5Y)
Calculated over the trailing 5-year period

0.14

Correlation (10Y)
Calculated over the trailing 10-year period

0.21

Correlation (All Time)
Calculated using the full available price history since Jul 9, 2015

0.21

The correlation between CSB and DBE shifts across timeframes, from -0.16 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VictoryShares US Small Cap High Dividend Volatility Wtd ETF

Invesco DB Energy Fund

Often compared with CSB:
CSB vs. VBCSB vs. FLQSCSB vs. AVUVCSB vs. SCHDCSB vs. SCHACSB vs. XSVMCSB vs. SDY
Often compared with DBE:
DBE vs. DBBDBE vs. XLEDBE vs. VDEDBE vs. COMTDBE vs. XLKDBE vs. GLDDBE vs. TIP

Return for Risk

CSB vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CSB
CSB Risk / Return Rank: 4040
Overall Rank
CSB Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
CSB Sortino Ratio Rank: 3636
Sortino Ratio Rank
CSB Omega Ratio Rank: 3333
Omega Ratio Rank
CSB Calmar Ratio Rank: 5151
Calmar Ratio Rank
CSB Martin Ratio Rank: 4444
Martin Ratio Rank
DBE
DBE Risk / Return Rank: 7171
Overall Rank
DBE Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
DBE Sortino Ratio Rank: 6363
Sortino Ratio Rank
DBE Omega Ratio Rank: 6565
Omega Ratio Rank
DBE Calmar Ratio Rank: 9191
Calmar Ratio Rank
DBE Martin Ratio Rank: 6363
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CSB vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB) 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.

CSBDBEDifference
Sharpe ratioReturn per unit of total volatility
1.25
2.43

-1.18

Sortino ratioReturn per unit of downside risk
1.92
2.96

-1.04

Omega ratioGain probability vs. loss probability

1.22

1.40

-0.18

Calmar ratioReturn relative to maximum drawdown

2.51

5.89

-3.38

Martin ratioReturn relative to average drawdown

7.26

11.53

-4.27

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSB vs. DBE - Sharpe Ratio Comparison

The current CSB Sharpe Ratio is 1.25, which is lower than the DBE Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of CSB and DBE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CSBDBEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.25

2.43

-1.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.20

0.67

-0.48

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

0.43

+0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.09

+0.35

Drawdowns

CSB vs. DBE - Drawdown Comparison

The maximum CSB drawdown since its inception was -42.07%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for CSB and DBE.

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Drawdown Indicators

CSBDBEDifference

Max Drawdown

Largest peak-to-trough decline

-42.07%

-86.69%

+44.62%

Max Drawdown (1Y)

Largest decline over 1 year

-7.18%

-14.41%

+7.23%

Max Drawdown (3Y)

Largest decline over 3 years

-21.82%

-23.89%

+2.07%

Max Drawdown (5Y)

Largest decline over 5 years

-24.49%

-38.74%

+14.25%

Max Drawdown (10Y)

Largest decline over 10 years

-42.07%

-60.84%

+18.77%

Current Drawdown

Current decline from peak

-3.12%

-30.27%

+27.15%

Average Drawdown

Average peak-to-trough decline

-7.14%

-57.31%

+50.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.48%

7.35%

-4.87%

Volatility

CSB vs. DBE - Volatility Comparison

The current volatility for VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB) is 3.59%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that CSB 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

CSBDBEDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.59%

12.95%

-9.36%

Volatility (6M)

Calculated over the trailing 6-month period

9.19%

30.86%

-21.67%

Volatility (1Y)

Calculated over the trailing 1-year period

14.54%

34.97%

-20.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.78%

29.39%

-10.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.31%

28.33%

-7.02%

CSB vs. DBE - Expense Ratio Comparison

CSB has a 0.35% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

CSB vs. DBE - Dividend Comparison

CSB's dividend yield for the trailing twelve months is around 3.26%, more than DBE's 2.10% yield.

PositionTTM20252024202320222021202020192018201720162015
CSB
VictoryShares US Small Cap High Dividend Volatility Wtd ETF		3.26%3.54%3.12%3.45%3.60%3.11%3.70%3.19%3.45%3.19%2.85%1.57%
DBE
Invesco DB Energy Fund		2.10%3.86%6.32%3.87%0.75%0.00%0.00%1.79%1.67%0.00%0.00%0.00%

Frequently Asked Questions

CSB and DBE have a correlation of -0.16, 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 CSB (3.59%). In terms of maximum drawdown, CSB dropped -42.07% vs DBE's -86.69%.

On 10-year performance, DBE leads with 12.03% vs 9.58% for CSB. On fees, CSB is cheaper at 0.35% per year. On volatility, CSB has been the lower-risk option at 3.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DBE has performed better with a 12.03% return vs 9.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

CSB is cheaper with a 0.35% expense ratio, compared with 0.78% for DBE.

CSB has the higher dividend yield at 3.26%, compared with 2.10% for DBE.

CSB is categorized as Small Cap Blend Equities, while DBE is Oil & Gas. CSB tracks Nasdaq Victory U.S. Small Cap High Dividend 100 Volatility Weighted Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Crestview and Invesco. Their fees differ too: 0.35% for CSB and 0.78% for DBE.

DBE currently has the higher Sharpe Ratio (2.43 vs 1.25), 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.

Portfolio Optimizer

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