DGIN vs. DBE
DGIN (VanEck Digital India ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - DGIN is a Asia Pacific Equities fund tracking the MVIS Digital India, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 3 years, DGIN returned 5.31%/yr vs 22.41%/yr for DBE. At a correlation of -0.01, they often move in opposite directions. DGIN charges 0.76%/yr vs 0.78%/yr for DBE.
Performance
DGIN vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, DGIN achieves a -16.15% return, which is significantly lower than DBE's 79.04% return.
DGIN
- 1D
- 1.56%
- 1M
- 1.37%
- YTD
- -16.15%
- 6M
- -17.49%
- 1Y
- -17.11%
- 3Y*
- 5.31%
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- -2.52%
- 1M
- -6.01%
- YTD
- 79.04%
- 6M
- 69.31%
- 1Y
- 81.31%
- 3Y*
- 22.41%
- 5Y*
- 19.05%
- 10Y*
- 11.58%
DGIN vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DGIN VanEck Digital India ETF | -16.15% | -6.00% | 22.56% | 30.30% | -21.84% |
DBE Invesco DB Energy Fund | 79.04% | -2.17% | 2.96% | -12.14% | 14.93% |
Correlation
The correlation between DGIN and DBE is -0.31, 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 | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | -0.01 |
Over the past year, the inverse relationship between DGIN and DBE has strengthened: their correlation has moved from -0.01 to -0.31, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
DGIN vs. DBE — Risk / Return Rank
DGIN
DBE
DGIN vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Digital India ETF (DGIN) 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.
| DGIN | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.27 | ||
| Sortino ratioReturn per unit of downside risk | -4.16 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.39 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 5.67 | -6.24 |
| Martin ratioReturn relative to average drawdown | -1.22 | 11.08 | -12.30 |
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
| DGIN | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.94 | 2.33 | -3.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.09 | -0.11 |
Drawdowns
DGIN vs. DBE - Drawdown Comparison
The maximum DGIN drawdown since its inception was -33.65%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for DGIN and DBE.
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Drawdown Indicators
| DGIN | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.65% | -86.69% | +53.04% |
Max Drawdown (1Y)Largest decline over 1 year | -30.49% | -14.41% | -16.08% |
Max Drawdown (3Y)Largest decline over 3 years | -33.65% | -23.89% | -9.76% |
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 | -24.87% | -32.03% | +7.16% |
Average DrawdownAverage peak-to-trough decline | -13.30% | -57.30% | +44.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.01% | 7.37% | +6.64% |
Volatility
DGIN vs. DBE - Volatility Comparison
The current volatility for VanEck Digital India ETF (DGIN) is 6.26%, while Invesco DB Energy Fund (DBE) has a volatility of 13.05%. This indicates that DGIN 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
| DGIN | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 13.05% | -6.79% |
Volatility (6M)Calculated over the trailing 6-month period | 15.63% | 30.97% | -15.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.38% | 35.07% | -16.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.90% | 29.41% | -10.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.90% | 28.34% | -9.44% |
DGIN vs. DBE - Expense Ratio Comparison
DGIN has a 0.76% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
DGIN vs. DBE - Dividend Comparison
DGIN's dividend yield for the trailing twelve months is around 2.27%, more than DBE's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.16% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
DGIN VanEck Digital India ETF | 2.27% | 1.90% | 0.00% | 0.24% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DGIN and DBE have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (13.05%) compared to DGIN (6.26%). In terms of maximum drawdown, DGIN dropped -33.65% vs DBE's -86.69%.
On 3-year performance, DBE leads with 22.41% vs 5.31% for DGIN. On fees, DGIN is cheaper at 0.76% per year. On volatility, DGIN has been the lower-risk option at 6.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DBE has performed better with a 22.41% return vs 5.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DGIN is cheaper with a 0.76% expense ratio, compared with 0.78% for DBE.
DGIN has the higher dividend yield at 2.27%, compared with 2.16% for DBE.
DGIN is categorized as Asia Pacific Equities, while DBE is Oil & Gas. DGIN tracks MVIS Digital India, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.76% for DGIN and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.33 vs -0.94), 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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