DBO vs. BP
Compare and contrast key facts about Invesco DB Oil Fund (DBO) and BP p.l.c. (BP).
DBO is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Crude Oil Index Excess Return. It was launched on Jan 5, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBO or BP.
Key characteristics
| DBO | BP | |
|---|---|---|
| YTD Return | 1.29% | -16.02% |
| 1Y Return | -8.44% | -16.73% |
| 3Y Return (Ann) | 0.17% | 5.88% |
| 5Y Return (Ann) | 8.42% | -1.13% |
| 10Y Return (Ann) | -3.87% | 2.15% |
| Sharpe Ratio | -0.28 | -0.73 |
| Sortino Ratio | -0.23 | -0.88 |
| Omega Ratio | 0.97 | 0.89 |
| Calmar Ratio | -0.10 | -0.58 |
| Martin Ratio | -0.97 | -1.48 |
| Ulcer Index | 7.25% | 10.33% |
| Daily Std Dev | 24.61% | 20.87% |
| Max Drawdown | -90.18% | -69.44% |
| Current Drawdown | -72.01% | -26.23% |
Correlation
The correlation between DBO and BP is 0.54, 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
DBO vs. BP - Performance Comparison
In the year-to-date period, DBO achieves a 1.29% return, which is significantly higher than BP's -16.02% return. Over the past 10 years, DBO has underperformed BP with an annualized return of -3.87%, while BP has yielded a comparatively higher 2.15% 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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Risk-Adjusted Performance
DBO vs. BP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Oil Fund (DBO) and BP p.l.c. (BP). 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
DBO vs. BP - Dividend Comparison
DBO's dividend yield for the trailing twelve months is around 4.54%, less than BP's 6.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBO Invesco DB Oil Fund | 4.54% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BP BP p.l.c. | 6.49% | 4.71% | 3.94% | 4.83% | 9.21% | 6.51% | 6.36% | 5.66% | 6.37% | 7.63% | 6.14% | 4.51% |
Drawdowns
DBO vs. BP - Drawdown Comparison
The maximum DBO drawdown since its inception was -90.18%, which is greater than BP's maximum drawdown of -69.44%. Use the drawdown chart below to compare losses from any high point for DBO and BP. For additional features, visit the drawdowns tool.
Volatility
DBO vs. BP - Volatility Comparison
Invesco DB Oil Fund (DBO) has a higher volatility of 10.05% compared to BP p.l.c. (BP) at 8.58%. This indicates that DBO's price experiences larger fluctuations and is considered to be riskier than BP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.