DJTU vs. DBE

Last updated Jul 11, 2026

DJTU (T-Rex 2X Long DJT Daily Target ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - DJTU is a Leveraged Equities fund tracking the Trump Media & Technology Group Corp. (DJT), while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past year, DJTU returned -89.88% vs 43.36% for DBE. At a correlation of -0.06, they often move in opposite directions. DJTU charges 1.05%/yr vs 0.78%/yr for DBE.

Performance

DJTU vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long DJT Daily Target ETF (DJTU) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DJTU achieves a -70.74% return, which is significantly lower than DBE's 55.40% return.

DJTU

• 1D: 0.00%
• 1M: 13.86%
• 6M: -75.00%
• YTD: -70.74%
• 1Y: -89.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBE

• 1D: -0.15%
• 1M: -7.53%
• 6M: 54.20%
• YTD: 55.40%
• 1Y: 43.36%
• 3Y*: 14.72%
• 5Y*: 14.81%
• 10Y*: 10.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DJTU vs. DBE - Yearly Performance Comparison

	2026 (YTD)	2025
DJTU T-Rex 2X Long DJT Daily Target ETF	-70.74%	-82.18%
DBE Invesco DB Energy Fund	55.40%	-4.19%

Correlation

The correlation between DJTU and DBE is -0.17, 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	-0.17
Correlation (All Time) Calculated using the full available price history since Mar 4, 2025	-0.06

The correlation between DJTU and DBE shifts across timeframes, from -0.17 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DJTU vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DJTU

DJTU Risk / Return Rank: 2
DJTU Sharpe Ratio Rank: 4
DJTU Sortino Ratio Rank: 1
DJTU Omega Ratio Rank: 1
DJTU Calmar Ratio Rank: 1
DJTU Martin Ratio Rank: 2

DBE

DBE Risk / Return Rank: 46
DBE Sharpe Ratio Rank: 47
DBE Sortino Ratio Rank: 46
DBE Omega Ratio Rank: 45
DBE Calmar Ratio Rank: 47
DBE Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DJTU vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long DJT Daily Target ETF (DJTU) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DJTU	DBE	Difference
Sharpe ratio: Return per unit of total volatility	-0.66	1.32	-1.98
Sortino ratio: Return per unit of downside risk	-1.75	1.89	-3.64
Omega ratio: Gain probability vs. loss probability	0.81	1.24	-0.43
Calmar ratio: Return relative to maximum drawdown	-0.97	1.89	-2.85
Martin ratio: Return relative to average drawdown	-1.30	5.77	-7.08

DJTU vs. DBE - Sharpe Ratio Comparison

The current DJTU Sharpe Ratio is -0.66, which is lower than the DBE Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of DJTU and DBE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DJTU vs. DBE - Drawdown Comparison

The maximum DJTU drawdown since its inception was -97.02%, which is greater than DBE's maximum drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for DJTU and DBE.

Drawdown Indicators

	DJTU	DBE	Difference
Max Drawdown Largest peak-to-trough decline	-97.02%	-86.69%	-10.33%
Max Drawdown (1Y) Largest decline over 1 year	-93.76%	-24.72%	-69.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.72%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-60.84%	—
Current Drawdown Current decline from peak	-95.75%	-41.01%	-54.74%
Average Drawdown Average peak-to-trough decline	-69.31%	-57.20%	-12.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	69.45%	8.07%	+61.38%

Volatility

DJTU vs. DBE - Volatility Comparison

T-Rex 2X Long DJT Daily Target ETF (DJTU) has a higher volatility of 43.74% compared to Invesco DB Energy Fund (DBE) at 10.40%. This indicates that DJTU's price experiences larger fluctuations and is considered to be riskier than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DJTU	DBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	43.74%	10.40%	+33.34%
Volatility (6M) Calculated over the trailing 6-month period	86.12%	32.24%	+53.88%
Volatility (1Y) Calculated over the trailing 1-year period	137.41%	35.40%	+102.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	140.86%	29.73%	+111.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	140.86%	28.35%	+112.51%

DJTU vs. DBE - Expense Ratio Comparison

DJTU has a 1.05% expense ratio, which is higher than DBE's 0.78% expense ratio.

Dividends

DJTU vs. DBE - Dividend Comparison

DJTU has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.49%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBE Invesco DB Energy Fund	2.49%	3.86%	6.32%	3.87%	0.75%	0.00%	0.00%	1.79%	1.67%
DJTU T-Rex 2X Long DJT Daily Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DJTU and DBE in my portfolio?

DJTU and DBE have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DJTU or DBE?

DJTU has higher volatility (43.74%) compared to DBE (10.40%). In terms of maximum drawdown, DJTU dropped -97.02% vs DBE's -86.69%.

Which ETF is better, DJTU or DBE?

On 1-year performance, DBE leads with 43.36% vs -89.88% for DJTU. On fees, DBE is cheaper at 0.78% per year. On volatility, DBE has been the lower-risk option at 10.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DJTU or DBE?

Over the 1-year period, DBE has performed better with a 43.36% return vs -89.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DJTU or DBE?

DBE is cheaper with a 0.78% expense ratio, compared with 1.05% for DJTU.

Which ETF pays a higher dividend yield, DJTU or DBE?

DBE has the higher dividend yield at 2.49%, compared with 0.00% for DJTU.

What is the main difference between DJTU and DBE?

DJTU is categorized as Leveraged Equities, while DBE is Oil & Gas. DJTU tracks Trump Media & Technology Group Corp. (DJT), while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: T-Rex and Invesco. Their fees differ too: 1.05% for DJTU and 0.78% for DBE.

Which has better risk-adjusted returns?

DBE currently has the higher Sharpe Ratio (1.32 vs -0.66), 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.