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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBE or VDE.
Key characteristics
| DBE | VDE | |
|---|---|---|
| YTD Return | 5.32% | 12.78% |
| 1Y Return | 8.96% | 27.57% |
| 3Y Return (Ann) | 13.49% | 25.71% |
| 5Y Return (Ann) | 7.21% | 13.45% |
| 10Y Return (Ann) | -3.00% | 3.33% |
| Sharpe Ratio | 0.38 | 1.30 |
| Daily Std Dev | 21.26% | 18.73% |
| Max Drawdown | -86.69% | -74.16% |
| Current Drawdown | -60.31% | -3.95% |
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.
Performance
DBE vs. VDE - Performance Comparison
In the year-to-date period, DBE achieves a 5.32% return, which is significantly lower than VDE's 12.78% return. Over the past 10 years, DBE has underperformed VDE with an annualized return of -3.00%, while VDE has yielded a comparatively higher 3.33% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
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.
Dividends
DBE vs. VDE - Dividend Comparison
DBE's dividend yield for the trailing twelve months is around 3.67%, more than VDE's 2.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 3.67% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VDE Vanguard Energy ETF | 2.94% | 3.34% | 3.65% | 4.13% | 4.76% | 3.59% | 3.35% | 2.90% | 2.31% | 3.17% | 1.98% | 1.74% |
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.
Volatility
DBE vs. VDE - Volatility Comparison
Invesco DB Energy Fund (DBE) and Vanguard Energy ETF (VDE) have volatilities of 4.50% and 4.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.