DBE vs. VOO
Compare and contrast key facts about Invesco DB Energy Fund (DBE) and Vanguard S&P 500 ETF (VOO).
DBE and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both DBE and VOO 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 VOO.
Performance
DBE vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, DBE achieves a 0.57% return, which is significantly lower than VOO's 25.52% return. Over the past 10 years, DBE has underperformed VOO with an annualized return of -1.05%, while VOO has yielded a comparatively higher 13.15% annualized return.
DBE
0.57%
1.74%
-4.17%
-8.03%
7.46%
-1.05%
VOO
25.52%
1.19%
12.21%
32.23%
15.58%
13.15%
Key characteristics
| DBE | VOO | |
|---|---|---|
| Sharpe Ratio | -0.35 | 2.62 |
| Sortino Ratio | -0.35 | 3.50 |
| Omega Ratio | 0.96 | 1.49 |
| Calmar Ratio | -0.12 | 3.78 |
| Martin Ratio | -0.99 | 17.12 |
| Ulcer Index | 7.58% | 1.86% |
| Daily Std Dev | 21.55% | 12.19% |
| Max Drawdown | -86.69% | -33.99% |
| Current Drawdown | -62.09% | -1.36% |
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DBE vs. VOO - Expense Ratio Comparison
DBE has a 0.78% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between DBE and VOO is 0.30, 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. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Energy Fund (DBE) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
DBE's dividend yield for the trailing twelve months is around 3.84%, more than VOO's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 3.84% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.25% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
DBE vs. VOO - Drawdown Comparison
The maximum DBE drawdown since its inception was -86.69%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DBE and VOO. For additional features, visit the drawdowns tool.
Volatility
DBE vs. VOO - Volatility Comparison
Invesco DB Energy Fund (DBE) has a higher volatility of 8.10% compared to Vanguard S&P 500 ETF (VOO) at 4.10%. This indicates that DBE's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.