EDGI vs. DBE
EDGI (3EDGE Dynamic International Equity ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - EDGI is a Foreign Large Cap Equities fund actively managed by 3EDGE Asset Management, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. EDGI is actively managed, while DBE is passively managed. Over the past year, EDGI returned 22.76% vs 61.44% for DBE. Their -0.17 correlation means they have often moved in opposite directions in the past. EDGI charges 0.97%/yr vs 0.78%/yr for DBE.
Performance
EDGI vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, EDGI achieves a 9.43% return, which is significantly lower than DBE's 71.26% return.
EDGI
- 1D
- 0.65%
- 1M
- -0.10%
- 6M
- 4.01%
- YTD
- 9.43%
- 1Y
- 22.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.84%
DBE
- 1D
- -4.26%
- 1M
- 15.98%
- 6M
- 57.84%
- YTD
- 71.26%
- 1Y
- 61.44%
- 3Y*
- 15.22%
- 5Y*
- 17.82%
- 10Y*
- 12.24%
- ALL TIME*
- 2.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.27M | $1.08M | $1.67M | |
| $817.52K | $2.19M | $1.06M |
EDGI vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EDGI 3EDGE Dynamic International Equity ETF | 9.43% | 26.77% | -7.13% |
DBE Invesco DB Energy Fund | 71.26% | -2.17% | 3.01% |
Correlation
The correlation between EDGI and DBE is -0.32, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024 | -0.17 |
The correlation between EDGI and DBE shifts across timeframes, from -0.32 (1 year) to -0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EDGI vs. DBE — Risk / Return Rank
EDGI
DBE
EDGI vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 3EDGE Dynamic International Equity ETF (EDGI) 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.
| EDGI | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.28 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.50 | -0.72 |
| Martin ratioReturn relative to average drawdown | 6.11 | 7.82 | -1.71 |
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Drawdowns
EDGI vs. DBE - Drawdown Comparison
The maximum EDGI drawdown since its inception was -14.52%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for EDGI and DBE.
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Drawdown Indicators
| EDGI | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.52% | -86.69% | +72.17% |
Max Drawdown (1Y)Largest decline over 1 year | -12.84% | -24.72% | +11.88% |
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 DrawdownCurrent decline from peak | -2.06% | -34.98% | +32.92% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -57.13% | +54.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 7.90% | -4.16% |
Volatility
EDGI vs. DBE - Volatility Comparison
The current volatility for 3EDGE Dynamic International Equity ETF (EDGI) is 5.88%, while Invesco DB Energy Fund (DBE) has a volatility of 15.07%. This indicates that EDGI 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
| EDGI | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 15.07% | -9.19% |
Volatility (6M)Calculated over the trailing 6-month period | 14.81% | 34.26% | -19.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.74% | 37.66% | -20.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.59% | 30.15% | -13.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.59% | 28.60% | -12.01% |
EDGI vs. DBE - Expense Ratio Comparison
EDGI has a 0.97% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
EDGI vs. DBE - Dividend Comparison
EDGI's dividend yield for the trailing twelve months is around 1.38%, less than DBE's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.26% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
EDGI 3EDGE Dynamic International Equity ETF | 1.38% | 1.97% | 0.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EDGI and DBE have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (15.07%) compared to EDGI (5.88%). In terms of maximum drawdown, EDGI dropped -14.52% vs DBE's -86.69%.
On 1-year performance, DBE leads with 61.44% vs 22.76% for EDGI. On fees, DBE is cheaper at 0.78% per year. On volatility, EDGI has been the lower-risk option at 5.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBE has performed better with a 61.44% return vs 22.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 0.97% for EDGI.
DBE has the higher dividend yield at 2.26%, compared with 1.38% for EDGI.
EDGI is categorized as Foreign Large Cap Equities, while DBE is Oil & Gas. They also come from different issuers: 3EDGE Asset Management and Invesco. Their fees differ too: 0.97% for EDGI and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.64 vs 1.37), 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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