EIDO vs. DBE
EIDO (iShares MSCI Indonesia ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - EIDO is a Indonesia Equities fund tracking the MSCI Indonesia Investable Market Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, EIDO returned -4.74%/yr vs 11.34%/yr for DBE. At a 0.22 correlation, their price movements are largely independent. EIDO charges 0.59%/yr vs 0.78%/yr for DBE.
Performance
EIDO vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, EIDO achieves a -34.24% return, which is significantly lower than DBE's 69.05% return. Over the past 10 years, EIDO has underperformed DBE with an annualized return of -4.74%, while DBE has yielded a comparatively higher 11.34% annualized return.
EIDO
- 1D
- 0.75%
- 1M
- -0.35%
- 6M
- -35.38%
- YTD
- -34.24%
- 1Y
- -29.57%
- 3Y*
- -17.00%
- 5Y*
- -6.72%
- 10Y*
- -4.74%
DBE
- 1D
- 1.79%
- 1M
- 0.60%
- 6M
- 61.38%
- YTD
- 69.05%
- 1Y
- 57.89%
- 3Y*
- 17.83%
- 5Y*
- 17.23%
- 10Y*
- 11.34%
EIDO vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIDO iShares MSCI Indonesia ETF | -34.24% | 4.90% | -13.02% | 2.56% | -0.16% | -0.60% | -7.13% | 5.30% | -10.88% | 19.40% |
DBE Invesco DB Energy Fund | 69.05% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between EIDO and DBE is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 7, 2010 | 0.22 |
The correlation between EIDO and DBE shifts across timeframes, from -0.16 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EIDO vs. DBE — Risk / Return Rank
EIDO
DBE
EIDO vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Indonesia ETF (EIDO) 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.
| EIDO | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.76 | ||
| Sortino ratioReturn per unit of downside risk | -3.82 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.28 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 2.35 | -3.03 |
| Martin ratioReturn relative to average drawdown | -1.74 | 7.10 | -8.85 |
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Drawdowns
EIDO vs. DBE - Drawdown Comparison
The maximum EIDO drawdown since its inception was -63.21%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for EIDO and DBE.
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Drawdown Indicators
| EIDO | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.21% | -86.69% | +23.48% |
Max Drawdown (1Y)Largest decline over 1 year | -43.81% | -24.72% | -19.09% |
Max Drawdown (3Y)Largest decline over 3 years | -51.77% | -24.72% | -27.05% |
Max Drawdown (5Y)Largest decline over 5 years | -51.77% | -38.74% | -13.03% |
Max Drawdown (10Y)Largest decline over 10 years | -59.41% | -60.84% | +1.43% |
Current DrawdownCurrent decline from peak | -55.12% | -35.82% | -19.30% |
Average DrawdownAverage peak-to-trough decline | -24.83% | -57.19% | +32.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.01% | 8.17% | +8.84% |
Volatility
EIDO vs. DBE - Volatility Comparison
The current volatility for iShares MSCI Indonesia ETF (EIDO) is 9.48%, while Invesco DB Energy Fund (DBE) has a volatility of 12.20%. This indicates that EIDO 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
| EIDO | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.48% | 12.20% | -2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 23.25% | 32.74% | -9.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.99% | 35.99% | -10.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.65% | 29.88% | -9.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.99% | 28.40% | -3.41% |
EIDO vs. DBE - Expense Ratio Comparison
EIDO has a 0.59% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
EIDO vs. DBE - Dividend Comparison
EIDO's dividend yield for the trailing twelve months is around 3.39%, more than DBE's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.29% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% | 0.00% |
EIDO iShares MSCI Indonesia ETF | 3.39% | 3.56% | 5.20% | 2.94% | 2.53% | 1.33% | 1.51% | 1.78% | 1.99% | 1.26% | 1.16% | 1.67% |
Frequently Asked Questions
EIDO and DBE have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (12.20%) compared to EIDO (9.48%). In terms of maximum drawdown, EIDO dropped -63.21% vs DBE's -86.69%.
On 10-year performance, DBE leads with 11.34% vs -4.74% for EIDO. On fees, EIDO is cheaper at 0.59% per year. On volatility, EIDO has been the lower-risk option at 9.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBE has performed better with a 11.34% return vs -4.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EIDO is cheaper with a 0.59% expense ratio, compared with 0.78% for DBE.
EIDO has the higher dividend yield at 3.39%, compared with 2.29% for DBE.
EIDO is categorized as Indonesia Equities, while DBE is Oil & Gas. EIDO tracks MSCI Indonesia Investable Market Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.59% for EIDO and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.62 vs -1.14), 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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