EHY vs. DBO

Last updated Aug 6, 2026

EHY (Amplify Ethereum Max Income Covered Call ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - EHY is a Cryptocurrency fund actively managed by Amplify, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. EHY is actively managed, while DBO is passively managed. Their -0.08 correlation means they have often moved in opposite directions in the past. EHY charges 0.75%/yr vs 0.78%/yr for DBO.

Performance

EHY vs. DBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Ethereum Max Income Covered Call ETF (EHY) and Invesco DB Oil Fund (DBO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EHY achieves a -36.53% return, which is significantly lower than DBO's 55.98% return.

EHY

• 1D: 2.28%
• 1M: 12.11%
• 6M: -17.76%
• YTD: -36.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

DBO

• 1D: -0.78%
• 1M: 9.87%
• 6M: 38.70%
• YTD: 55.98%
• 1Y: 45.02%
• 3Y*: 9.86%
• 5Y*: 11.90%
• 10Y*: 10.69%
• ALL TIME*: -0.12%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DBO Invesco DB Oil Fund	$12.14M	$10.96M	$12.82M
EHY Amplify Ethereum Max Income Covered Call ETF	$63.17K	$39.74K	$73.16K

EHY vs. DBO - Yearly Performance Comparison

	2026 (YTD)	2025
EHY Amplify Ethereum Max Income Covered Call ETF	-36.53%	-25.56%
DBO Invesco DB Oil Fund	55.98%	-5.78%

Correlation

The correlation between EHY and DBO is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025	-0.08

Return for Risk

EHY vs. DBO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EHY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

DBO

DBO Risk / Return Rank: 40
DBO Sharpe Ratio Rank: 40
DBO Sortino Ratio Rank: 41
DBO Omega Ratio Rank: 39
DBO Calmar Ratio Rank: 40
DBO Martin Ratio Rank: 40

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EHY vs. DBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Ethereum Max Income Covered Call ETF (EHY) and Invesco DB Oil Fund (DBO). 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.

	EHY	DBO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.15	—
Sortino ratio: Return per unit of downside risk	—	1.72	—
Omega ratio: Gain probability vs. loss probability	—	1.21	—
Calmar ratio: Return relative to maximum drawdown	—	1.63	—
Martin ratio: Return relative to average drawdown	—	4.86	—

Drawdowns

EHY vs. DBO - Drawdown Comparison

The maximum EHY drawdown since its inception was -61.70%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for EHY and DBO.

Drawdown Indicators

	EHY	DBO	Difference
Max Drawdown Largest peak-to-trough decline	-61.70%	-90.18%	+28.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-27.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-28.20%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-61.69%	—
Current Drawdown Current decline from peak	-52.84%	-58.95%	+6.11%
Average Drawdown Average peak-to-trough decline	-37.86%	-62.19%	+24.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.29%	—

Volatility

Volatility by Period

	EHY	DBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.73%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	59.54%	39.22%	+20.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.54%	33.49%	+26.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.54%	32.29%	+27.25%

EHY vs. DBO - Expense Ratio Comparison

EHY has a 0.75% expense ratio, which is lower than DBO's 0.78% expense ratio.

Dividends

EHY vs. DBO - Dividend Comparison

EHY's dividend yield for the trailing twelve months is around 59.23%, more than DBO's 2.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBO Invesco DB Oil Fund	2.25%	3.51%	4.68%	4.59%	0.66%	0.00%	0.00%	1.63%	1.58%
EHY Amplify Ethereum Max Income Covered Call ETF	59.23%	8.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EHY and DBO in my portfolio?

EHY and DBO have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EHY or DBO?

On fees, EHY is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EHY or DBO?

EHY is cheaper with a 0.75% expense ratio, compared with 0.78% for DBO.

Which ETF pays a higher dividend yield, EHY or DBO?

EHY has the higher dividend yield at 59.23%, compared with 2.25% for DBO.

What is the main difference between EHY and DBO?

EHY is categorized as Cryptocurrency, while DBO is Oil & Gas. They also come from different issuers: Amplify and Invesco. Their fees differ too: 0.75% for EHY and 0.78% for DBO.