DBE vs. RSP
DBE (Invesco DB Energy Fund) and RSP (Invesco S&P 500 Equal Weight ETF) are both exchange-traded funds - DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index, while RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, DBE returned 11.75%/yr vs 12.05%/yr for RSP. Their 0.29 correlation means their historical movements had little consistent relationship. DBE charges 0.78%/yr vs 0.20%/yr for RSP.
Performance
DBE vs. RSP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DBE achieves a 63.93% return, which is significantly higher than RSP's 15.91% return. Both investments have delivered pretty close results over the past 10 years, with DBE having a 11.75% annualized return and RSP not far ahead at 12.05%.
DBE
- 1D
- -4.28%
- 1M
- 11.01%
- 6M
- 47.49%
- YTD
- 63.93%
- 1Y
- 55.67%
- 3Y*
- 13.55%
- 5Y*
- 16.46%
- 10Y*
- 11.75%
- ALL TIME*
- 2.06%
RSP
- 1D
- 1.44%
- 1M
- 2.48%
- 6M
- 11.81%
- YTD
- 15.91%
- 1Y
- 21.82%
- 3Y*
- 15.19%
- 5Y*
- 9.30%
- 10Y*
- 12.05%
- ALL TIME*
- 11.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.35M | $1.09M | $1.64M | |
| $1.97B | $1.84B | $2.07B |
DBE vs. RSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 63.93% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
RSP Invesco S&P 500 Equal Weight ETF | 15.91% | 11.21% | 12.79% | 13.70% | -11.62% | 29.41% | 12.66% | 28.91% | -7.84% | 18.52% |
Correlation
The correlation between DBE and RSP is -0.32, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.32 |
Correlation (3Y) Balances recent behavior with more history. | -0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2007 | 0.29 |
The correlation between DBE and RSP shifts across timeframes, from -0.32 (1 year) to 0.29 (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.
Return for Risk
DBE vs. RSP — Risk / Return Rank
DBE
RSP
DBE vs. RSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Energy Fund (DBE) and Invesco S&P 500 Equal Weight ETF (RSP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DBE | RSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.33 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.79 | -0.53 |
| Martin ratioReturn relative to average drawdown | 7.03 | 10.82 | -3.78 |
Loading charts...
Drawdowns
DBE vs. RSP - Drawdown Comparison
The maximum DBE drawdown since its inception was -86.69%, which is greater than RSP's maximum drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for DBE and RSP.
Loading charts...
Drawdown Indicators
| DBE | RSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.69% | -59.92% | -26.77% |
Max Drawdown (1Y)Largest decline over 1 year | -24.72% | -7.85% | -16.87% |
Max Drawdown (3Y)Largest decline over 3 years | -24.72% | -17.81% | -6.91% |
Max Drawdown (5Y)Largest decline over 5 years | -38.74% | -21.38% | -17.36% |
Max Drawdown (10Y)Largest decline over 10 years | -60.84% | -39.04% | -21.80% |
Current DrawdownCurrent decline from peak | -37.77% | 0.00% | -37.77% |
Average DrawdownAverage peak-to-trough decline | -57.12% | -6.61% | -50.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.95% | 2.02% | +5.93% |
Volatility
DBE vs. RSP - Volatility Comparison
Invesco DB Energy Fund (DBE) has a higher volatility of 15.88% compared to Invesco S&P 500 Equal Weight ETF (RSP) at 3.26%. This indicates that DBE's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DBE | RSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.88% | 3.26% | +12.62% |
Volatility (6M)Calculated over the trailing 6-month period | 33.82% | 8.72% | +25.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.86% | 11.77% | +26.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.19% | 16.17% | +14.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.64% | 18.29% | +10.35% |
DBE vs. RSP - Expense Ratio Comparison
DBE has a 0.78% expense ratio, which is higher than RSP's 0.20% expense ratio.
Dividends
DBE vs. RSP - Dividend Comparison
DBE's dividend yield for the trailing twelve months is around 2.36%, more than RSP's 1.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.36% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% | 0.00% |
RSP Invesco S&P 500 Equal Weight ETF | 1.46% | 1.64% | 1.52% | 1.64% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% |
Frequently Asked Questions
DBE and RSP 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 (15.88%) compared to RSP (3.26%). In terms of maximum drawdown, DBE dropped -86.69% vs RSP's -59.92%.
On 10-year performance, RSP leads with 12.05% vs 11.75% for DBE. On fees, RSP is cheaper at 0.20% per year. On volatility, RSP has been the lower-risk option at 3.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RSP has performed better with a 12.05% return vs 11.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RSP is cheaper with a 0.20% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.36%, compared with 1.46% for RSP.
DBE is categorized as Oil & Gas, while RSP is S&P 500. DBE tracks DBIQ Optimum Yield Energy Index, while RSP tracks S&P 500 Equal Weight Index. Their fees differ too: 0.78% for DBE and 0.20% for RSP.
RSP currently has the higher Sharpe Ratio (1.87 vs 1.48), 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.
Find the right allocation for DBE and RSP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer