DBE vs. SOXL
Compare and contrast key facts about Invesco DB Energy Fund (DBE) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
DBE and SOXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBE is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Energy Index. It was launched on Jan 5, 2007. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. Both DBE and SOXL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBE or SOXL.
Performance
DBE vs. SOXL - Performance Comparison
Returns By Period
In the year-to-date period, DBE achieves a 1.93% return, which is significantly higher than SOXL's -8.78% return. Over the past 10 years, DBE has underperformed SOXL with an annualized return of -0.68%, while SOXL has yielded a comparatively higher 30.96% annualized return.
DBE
1.93%
1.35%
-3.02%
-5.84%
7.73%
-0.68%
SOXL
-8.78%
-15.71%
-44.36%
24.82%
15.66%
30.96%
Key characteristics
| DBE | SOXL | |
|---|---|---|
| Sharpe Ratio | -0.27 | 0.25 |
| Sortino Ratio | -0.24 | 1.03 |
| Omega Ratio | 0.97 | 1.13 |
| Calmar Ratio | -0.09 | 0.35 |
| Martin Ratio | -0.77 | 0.77 |
| Ulcer Index | 7.59% | 32.25% |
| Daily Std Dev | 21.55% | 100.68% |
| Max Drawdown | -86.69% | -90.46% |
| Current Drawdown | -61.58% | -60.15% |
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DBE vs. SOXL - Expense Ratio Comparison
DBE has a 0.78% expense ratio, which is lower than SOXL's 0.99% expense ratio.
Correlation
The correlation between DBE and SOXL is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
DBE vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Energy Fund (DBE) and Direxion Daily Semiconductor Bull 3x Shares (SOXL). 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.
Dividends
DBE vs. SOXL - Dividend Comparison
DBE's dividend yield for the trailing twelve months is around 3.79%, more than SOXL's 1.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 3.79% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 1.08% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
DBE vs. SOXL - Drawdown Comparison
The maximum DBE drawdown since its inception was -86.69%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for DBE and SOXL. For additional features, visit the drawdowns tool.
Volatility
DBE vs. SOXL - Volatility Comparison
The current volatility for Invesco DB Energy Fund (DBE) is 8.15%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 27.36%. This indicates that DBE experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.