EASG vs. DBE
EASG (Xtrackers MSCI EAFE ESG Leaders Equity ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - EASG is a Foreign Large Cap Equities fund tracking the MSCI EAFE ESG Leaders Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, EASG returned 7.65%/yr vs 17.10%/yr for DBE. At a 0.16 correlation, their price movements are largely independent. EASG charges 0.14%/yr vs 0.78%/yr for DBE.
Performance
EASG vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, EASG achieves a 10.28% return, which is significantly lower than DBE's 68.39% return.
EASG
- 1D
- -0.58%
- 1M
- 0.08%
- 6M
- 6.72%
- YTD
- 10.28%
- 1Y
- 20.68%
- 3Y*
- 13.24%
- 5Y*
- 7.65%
- 10Y*
- —
DBE
- 1D
- -1.09%
- 1M
- 6.25%
- 6M
- 65.69%
- YTD
- 68.39%
- 1Y
- 57.64%
- 3Y*
- 17.96%
- 5Y*
- 17.10%
- 10Y*
- 11.45%
EASG vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF | 10.28% | 25.19% | 2.26% | 18.80% | -16.94% | 11.36% | 10.73% | 23.66% | -5.41% |
DBE Invesco DB Energy Fund | 68.39% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -21.64% |
Correlation
The correlation between EASG and DBE is -0.34, 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 | -0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2018 | 0.16 |
The correlation between EASG and DBE shifts across timeframes, from -0.34 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EASG vs. DBE — Risk / Return Rank
EASG
DBE
EASG vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EAFE ESG Leaders Equity ETF (EASG) 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.
| EASG | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.34 | -0.57 |
| Martin ratioReturn relative to average drawdown | 6.54 | 7.00 | -0.46 |
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Drawdowns
EASG vs. DBE - Drawdown Comparison
The maximum EASG drawdown since its inception was -32.06%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for EASG and DBE.
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Drawdown Indicators
| EASG | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.06% | -86.69% | +54.63% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -24.72% | +12.98% |
Max Drawdown (3Y)Largest decline over 3 years | -16.14% | -24.72% | +8.58% |
Max Drawdown (5Y)Largest decline over 5 years | -31.42% | -38.74% | +7.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -1.51% | -36.07% | +34.56% |
Average DrawdownAverage peak-to-trough decline | -6.11% | -57.19% | +51.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 8.26% | -5.09% |
Volatility
EASG vs. DBE - Volatility Comparison
The current volatility for Xtrackers MSCI EAFE ESG Leaders Equity ETF (EASG) is 4.17%, while Invesco DB Energy Fund (DBE) has a volatility of 11.68%. This indicates that EASG 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
| EASG | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 11.68% | -7.51% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 32.70% | -19.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.18% | 35.99% | -19.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 29.88% | -13.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.34% | 28.39% | -10.05% |
EASG vs. DBE - Expense Ratio Comparison
EASG has a 0.14% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
EASG vs. DBE - Dividend Comparison
EASG's dividend yield for the trailing twelve months is around 3.86%, more than DBE's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.29% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF | 3.86% | 4.18% | 2.93% | 2.51% | 2.47% | 2.69% | 1.70% | 2.94% | 0.85% |
Frequently Asked Questions
EASG and DBE have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (11.68%) compared to EASG (4.17%). In terms of maximum drawdown, EASG dropped -32.06% vs DBE's -86.69%.
On 5-year performance, DBE leads with 17.10% vs 7.65% for EASG. On fees, EASG is cheaper at 0.14% per year. On volatility, EASG has been the lower-risk option at 4.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBE has performed better with a 17.10% return vs 7.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EASG is cheaper with a 0.14% expense ratio, compared with 0.78% for DBE.
EASG has the higher dividend yield at 3.86%, compared with 2.29% for DBE.
EASG is categorized as Foreign Large Cap Equities, while DBE is Oil & Gas. EASG tracks MSCI EAFE ESG Leaders Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Deutsche Bank and Invesco. Their fees differ too: 0.14% for EASG and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.61 vs 1.28), 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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