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DBE vs. VDE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DBE and VDE is 0.31, 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.


-0.50.00.51.0
Correlation: 0.3

Performance

DBE vs. VDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DB Energy Fund (DBE) and Vanguard Energy ETF (VDE). The values are adjusted to include any dividend payments, if applicable.

0.00%50.00%100.00%150.00%December2025FebruaryMarchAprilMay
-14.17%
130.13%
DBE
VDE

Key characteristics

Sharpe Ratio

DBE:

-0.50

VDE:

-0.37

Sortino Ratio

DBE:

-0.57

VDE:

-0.34

Omega Ratio

DBE:

0.93

VDE:

0.95

Calmar Ratio

DBE:

-0.18

VDE:

-0.44

Martin Ratio

DBE:

-1.38

VDE:

-1.26

Ulcer Index

DBE:

8.43%

VDE:

7.51%

Daily Std Dev

DBE:

22.98%

VDE:

25.26%

Max Drawdown

DBE:

-86.69%

VDE:

-74.16%

Current Drawdown

DBE:

-64.04%

VDE:

-15.08%

Returns By Period

In the year-to-date period, DBE achieves a -7.33% return, which is significantly lower than VDE's -5.00% return. Over the past 10 years, DBE has underperformed VDE with an annualized return of 1.13%, while VDE has yielded a comparatively higher 3.70% annualized return.


DBE

YTD

-7.33%

1M

-3.10%

6M

-3.05%

1Y

-9.22%

5Y*

19.10%

10Y*

1.13%

VDE

YTD

-5.00%

1M

4.59%

6M

-5.35%

1Y

-8.60%

5Y*

23.15%

10Y*

3.70%

*Annualized

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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.


Expense ratio chart for DBE: current value is 0.78%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
DBE: 0.78%
Expense ratio chart for VDE: current value is 0.10%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VDE: 0.10%

Risk-Adjusted Performance

DBE vs. VDE — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DBE
The Risk-Adjusted Performance Rank of DBE is 44
Overall Rank
The Sharpe Ratio Rank of DBE is 44
Sharpe Ratio Rank
The Sortino Ratio Rank of DBE is 44
Sortino Ratio Rank
The Omega Ratio Rank of DBE is 44
Omega Ratio Rank
The Calmar Ratio Rank of DBE is 88
Calmar Ratio Rank
The Martin Ratio Rank of DBE is 22
Martin Ratio Rank

VDE
The Risk-Adjusted Performance Rank of VDE is 55
Overall Rank
The Sharpe Ratio Rank of VDE is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of VDE is 66
Sortino Ratio Rank
The Omega Ratio Rank of VDE is 66
Omega Ratio Rank
The Calmar Ratio Rank of VDE is 22
Calmar Ratio Rank
The Martin Ratio Rank of VDE is 22
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

DBE vs. VDE - Risk-Adjusted Performance 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.


The chart of Sharpe ratio for DBE, currently valued at -0.50, compared to the broader market-1.000.001.002.003.004.00
DBE: -0.50
VDE: -0.37
The chart of Sortino ratio for DBE, currently valued at -0.57, compared to the broader market-2.000.002.004.006.008.00
DBE: -0.57
VDE: -0.34
The chart of Omega ratio for DBE, currently valued at 0.93, compared to the broader market0.501.001.502.002.50
DBE: 0.93
VDE: 0.95
The chart of Calmar ratio for DBE, currently valued at -0.18, compared to the broader market0.002.004.006.008.0010.0012.00
DBE: -0.18
VDE: -0.44
The chart of Martin ratio for DBE, currently valued at -1.38, compared to the broader market0.0020.0040.0060.00
DBE: -1.38
VDE: -1.26

The current DBE Sharpe Ratio is -0.50, which is lower than the VDE Sharpe Ratio of -0.37. The chart below compares the historical Sharpe Ratios of DBE and VDE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00December2025FebruaryMarchAprilMay
-0.50
-0.37
DBE
VDE

Dividends

DBE vs. VDE - Dividend Comparison

DBE's dividend yield for the trailing twelve months is around 6.82%, more than VDE's 3.42% yield.


TTM20242023202220212020201920182017201620152014
DBE
Invesco DB Energy Fund
6.82%6.32%3.87%0.75%0.00%0.00%1.79%1.67%0.00%0.00%0.00%0.00%
VDE
Vanguard Energy ETF
3.42%3.23%3.34%3.65%4.13%4.76%3.59%3.35%2.90%2.31%3.17%1.98%

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 -74.16%. Use the drawdown chart below to compare losses from any high point for DBE and VDE. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%December2025FebruaryMarchAprilMay
-64.04%
-15.08%
DBE
VDE

Volatility

DBE vs. VDE - Volatility Comparison

The current volatility for Invesco DB Energy Fund (DBE) is 10.69%, while Vanguard Energy ETF (VDE) has a volatility of 17.74%. This indicates that DBE experiences smaller price fluctuations and is considered to be less risky than VDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%December2025FebruaryMarchAprilMay
10.69%
17.74%
DBE
VDE