DBO vs. RSP
Compare and contrast key facts about Invesco DB Oil Fund (DBO) and Invesco S&P 500 Equal Weight ETF (RSP).
DBO and RSP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. RSP is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Apr 24, 2003. Both DBO and RSP 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
DBO vs. RSP - Performance Comparison
Loading graphics...
DBO vs. RSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBO Invesco DB Oil Fund | 61.23% | -11.71% | 7.85% | -4.44% | 13.04% | 60.74% | -20.99% | 28.05% | -15.22% | 4.86% |
RSP Invesco S&P 500 Equal Weight ETF | 0.62% | 11.21% | 12.79% | 13.70% | -11.62% | 29.41% | 12.66% | 28.91% | -7.84% | 18.52% |
Returns By Period
In the year-to-date period, DBO achieves a 61.23% return, which is significantly higher than RSP's 0.62% return. Over the past 10 years, DBO has outperformed RSP with an annualized return of 11.99%, while RSP has yielded a comparatively lower 11.17% annualized return.
DBO
- 1D
- -5.52%
- 1M
- 36.22%
- YTD
- 61.23%
- 6M
- 51.46%
- 1Y
- 42.16%
- 3Y*
- 15.27%
- 5Y*
- 15.55%
- 10Y*
- 11.99%
RSP
- 1D
- 2.05%
- 1M
- -5.97%
- YTD
- 0.62%
- 6M
- 2.01%
- 1Y
- 12.65%
- 3Y*
- 11.72%
- 5Y*
- 7.81%
- 10Y*
- 11.17%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DBO vs. RSP - Expense Ratio Comparison
DBO has a 0.78% expense ratio, which is higher than RSP's 0.20% expense ratio.
Return for Risk
DBO vs. RSP — Risk / Return Rank
DBO
RSP
DBO vs. RSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Oil Fund (DBO) and Invesco S&P 500 Equal Weight ETF (RSP). 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.
| DBO | RSP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 0.74 | +0.44 |
Sortino ratioReturn per unit of downside risk | 1.77 | 1.15 | +0.62 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.16 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.52 | 1.08 | +1.44 |
Martin ratioReturn relative to average drawdown | 4.52 | 4.89 | -0.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| DBO | RSP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 0.74 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.48 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.61 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.55 | -0.55 |
Correlation
The correlation between DBO and RSP is 0.32, 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.
Dividends
DBO vs. RSP - Dividend Comparison
DBO's dividend yield for the trailing twelve months is around 2.18%, more than RSP's 1.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBO Invesco DB Oil Fund | 2.18% | 3.51% | 4.68% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.58% | 0.00% | 0.00% | 0.00% |
RSP Invesco S&P 500 Equal Weight ETF | 1.62% | 1.64% | 1.52% | 1.64% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% |
Drawdowns
DBO vs. RSP - Drawdown Comparison
The maximum DBO drawdown since its inception was -90.18%, which is greater than RSP's maximum drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for DBO and RSP.
Loading graphics...
Drawdown Indicators
| DBO | RSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.18% | -59.92% | -30.26% |
Max Drawdown (1Y)Largest decline over 1 year | -18.19% | -12.54% | -5.65% |
Max Drawdown (5Y)Largest decline over 5 years | -37.68% | -21.38% | -16.30% |
Max Drawdown (10Y)Largest decline over 10 years | -61.69% | -39.04% | -22.65% |
Current DrawdownCurrent decline from peak | -57.57% | -5.97% | -51.60% |
Average DrawdownAverage peak-to-trough decline | -62.32% | -6.69% | -55.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.15% | 2.78% | +7.37% |
Volatility
DBO vs. RSP - Volatility Comparison
Invesco DB Oil Fund (DBO) has a higher volatility of 15.71% compared to Invesco S&P 500 Equal Weight ETF (RSP) at 4.47%. This indicates that DBO's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| DBO | RSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.71% | 4.47% | +11.24% |
Volatility (6M)Calculated over the trailing 6-month period | 25.15% | 8.83% | +16.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.96% | 17.17% | +18.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.74% | 16.20% | +15.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.52% | 18.36% | +13.16% |