DECO vs. DBE
DECO (State Street Galaxy Digital Asset Ecosystem ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - DECO is a Blockchain fund actively managed by State Street, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. DECO is actively managed, while DBE is passively managed. Over the past year, DECO returned 167.73% vs 84.41% for DBE. At a correlation of -0.05, they often move in opposite directions. DECO charges 0.65%/yr vs 0.78%/yr for DBE.
Performance
DECO vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, DECO achieves a 79.56% return, which is significantly lower than DBE's 83.68% return.
DECO
- 1D
- 0.01%
- 1M
- 39.50%
- YTD
- 79.56%
- 6M
- 62.77%
- 1Y
- 167.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- 2.33%
- 1M
- -5.45%
- YTD
- 83.68%
- 6M
- 74.95%
- 1Y
- 84.41%
- 3Y*
- 23.42%
- 5Y*
- 19.66%
- 10Y*
- 12.03%
DECO vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DECO State Street Galaxy Digital Asset Ecosystem ETF | 79.56% | 42.48% | 29.54% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 11.11% |
Correlation
The correlation between DECO and DBE is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2024 | -0.05 |
The correlation between DECO and DBE shifts across timeframes, from -0.19 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DECO vs. DBE — Risk / Return Rank
DECO
DBE
DECO vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Galaxy Digital Asset Ecosystem ETF (DECO) and Invesco DB Energy Fund (DBE). 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.
| DECO | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.40 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 6.59 | 5.89 | +0.70 |
| Martin ratioReturn relative to average drawdown | 18.43 | 11.53 | +6.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DECO | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.80 | 2.43 | +1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.96 | 0.09 | +1.87 |
Drawdowns
DECO vs. DBE - Drawdown Comparison
The maximum DECO drawdown since its inception was -47.71%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for DECO and DBE.
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Drawdown Indicators
| DECO | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.71% | -86.69% | +38.98% |
Max Drawdown (1Y)Largest decline over 1 year | -25.60% | -14.41% | -11.19% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.89% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -0.33% | -30.27% | +29.94% |
Average DrawdownAverage peak-to-trough decline | -11.67% | -57.31% | +45.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.14% | 7.35% | +1.79% |
Volatility
DECO vs. DBE - Volatility Comparison
The current volatility for State Street Galaxy Digital Asset Ecosystem ETF (DECO) is 11.53%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that DECO experiences smaller price fluctuations and is considered to be less risky than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DECO | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.53% | 12.95% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 33.83% | 30.86% | +2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.46% | 34.97% | +9.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.50% | 29.39% | +22.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.50% | 28.33% | +23.17% |
DECO vs. DBE - Expense Ratio Comparison
DECO has a 0.65% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
DECO vs. DBE - Dividend Comparison
DECO's dividend yield for the trailing twelve months is around 0.64%, less than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.10% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
DECO State Street Galaxy Digital Asset Ecosystem ETF | 0.64% | 1.16% | 1.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DECO and DBE have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (12.95%) compared to DECO (11.53%). In terms of maximum drawdown, DECO dropped -47.71% vs DBE's -86.69%.
On 1-year performance, DECO leads with 167.73% vs 84.41% for DBE. On fees, DECO is cheaper at 0.65% per year. On volatility, DECO has been the lower-risk option at 11.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DECO has performed better with a 167.73% return vs 84.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DECO is cheaper with a 0.65% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.10%, compared with 0.64% for DECO.
DECO is categorized as Blockchain, while DBE is Oil & Gas. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.65% for DECO and 0.78% for DBE.
DECO currently has the higher Sharpe Ratio (3.80 vs 2.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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