DBE vs. VDE
Compare and contrast key facts about Invesco DB Energy Fund (DBE) and Vanguard Energy ETF (VDE).
DBE and VDE 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. VDE is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Energy 25/50 Index. It was launched on Sep 23, 2004. Both DBE and VDE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DBE vs. VDE - Performance Comparison
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DBE vs. VDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 68.74% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
VDE Vanguard Energy ETF | 38.21% | 7.11% | 6.75% | 0.03% | 62.89% | 56.31% | -33.02% | 9.28% | -19.95% | -2.50% |
Returns By Period
In the year-to-date period, DBE achieves a 68.74% return, which is significantly higher than VDE's 38.21% return. Over the past 10 years, DBE has outperformed VDE with an annualized return of 13.36%, while VDE has yielded a comparatively lower 11.24% annualized return.
DBE
- 1D
- -3.79%
- 1M
- 43.62%
- YTD
- 68.74%
- 6M
- 60.99%
- 1Y
- 56.23%
- 3Y*
- 18.11%
- 5Y*
- 19.81%
- 10Y*
- 13.36%
VDE
- 1D
- -1.12%
- 1M
- 10.44%
- YTD
- 38.21%
- 6M
- 39.44%
- 1Y
- 37.45%
- 3Y*
- 18.47%
- 5Y*
- 24.23%
- 10Y*
- 11.24%
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DBE vs. VDE - Expense Ratio Comparison
DBE has a 0.78% expense ratio, which is higher than VDE's 0.10% expense ratio.
Return for Risk
DBE vs. VDE — Risk / Return Rank
DBE
VDE
DBE vs. VDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Energy Fund (DBE) and Vanguard Energy ETF (VDE). 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.
| DBE | VDE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.79 | 1.51 | +0.28 |
Sortino ratioReturn per unit of downside risk | 2.42 | 1.93 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 4.08 | 2.05 | +2.03 |
Martin ratioReturn relative to average drawdown | 7.27 | 5.89 | +1.38 |
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
| DBE | VDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 1.51 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.92 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.38 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.29 | -0.21 |
Correlation
The correlation between DBE and VDE is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
DBE vs. VDE - Dividend Comparison
DBE's dividend yield for the trailing twelve months is around 2.29%, which matches VDE's 2.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.29% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% | 0.00% |
VDE Vanguard Energy ETF | 2.27% | 3.11% | 3.23% | 3.34% | 3.65% | 4.13% | 4.76% | 3.42% | 3.35% | 2.90% | 2.31% | 3.17% |
Drawdowns
DBE vs. VDE - Drawdown Comparison
The maximum DBE drawdown since its inception was -86.69%, which is greater than VDE's maximum drawdown of -74.20%. Use the drawdown chart below to compare losses from any high point for DBE and VDE.
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Drawdown Indicators
| DBE | VDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.69% | -74.20% | -12.49% |
Max Drawdown (1Y)Largest decline over 1 year | -14.70% | -18.91% | +4.21% |
Max Drawdown (5Y)Largest decline over 5 years | -38.74% | -26.58% | -12.16% |
Max Drawdown (10Y)Largest decline over 10 years | -60.84% | -69.29% | +8.45% |
Current DrawdownCurrent decline from peak | -35.94% | -2.21% | -33.73% |
Average DrawdownAverage peak-to-trough decline | -57.53% | -20.07% | -37.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.26% | 6.60% | +1.66% |
Volatility
DBE vs. VDE - Volatility Comparison
Invesco DB Energy Fund (DBE) has a higher volatility of 17.01% compared to Vanguard Energy ETF (VDE) at 4.96%. This indicates that DBE's price experiences larger fluctuations and is considered to be riskier than VDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBE | VDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.01% | 4.96% | +12.05% |
Volatility (6M)Calculated over the trailing 6-month period | 25.33% | 13.82% | +11.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.66% | 24.93% | +6.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.66% | 26.51% | +2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.87% | 29.86% | -1.99% |