EIS vs. DBE
EIS (iShares MSCI Israel ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - EIS is a Foreign Large Cap Equities fund tracking the MSCI Israel Capped Investable Market Index (Net), while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, EIS returned 11.97%/yr vs 12.03%/yr for DBE. At a 0.23 correlation, their price movements are largely independent. EIS charges 0.59%/yr vs 0.78%/yr for DBE.
Performance
EIS vs. DBE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EIS achieves a 18.19% return, which is significantly lower than DBE's 83.68% return. Both investments have delivered pretty close results over the past 10 years, with EIS having a 11.97% annualized return and DBE not far ahead at 12.03%.
EIS
- 1D
- -1.92%
- 1M
- -2.12%
- YTD
- 18.19%
- 6M
- 22.47%
- 1Y
- 54.91%
- 3Y*
- 37.61%
- 5Y*
- 15.32%
- 10Y*
- 11.97%
DBE
- 1D
- 2.33%
- 1M
- -5.45%
- YTD
- 83.68%
- 6M
- 74.95%
- 1Y
- 84.41%
- 3Y*
- 23.42%
- 5Y*
- 19.66%
- 10Y*
- 12.03%
EIS vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIS iShares MSCI Israel ETF | 18.19% | 45.11% | 34.50% | 5.48% | -27.05% | 22.83% | 12.01% | 20.93% | -4.84% | 12.77% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between EIS and DBE is -0.28, 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 | -0.28 |
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 | 0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2008 | 0.23 |
The correlation between EIS and DBE shifts across timeframes, from -0.28 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EIS vs. DBE — Risk / Return Rank
EIS
DBE
EIS vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Israel ETF (EIS) 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.
| EIS | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.40 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.45 | 5.89 | -1.44 |
| Martin ratioReturn relative to average drawdown | 16.54 | 11.53 | +5.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EIS | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | 2.43 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.67 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.43 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.09 | +0.23 |
Drawdowns
EIS vs. DBE - Drawdown Comparison
The maximum EIS drawdown since its inception was -51.94%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for EIS and DBE.
Loading charts...
Drawdown Indicators
| EIS | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.94% | -86.69% | +34.75% |
Max Drawdown (1Y)Largest decline over 1 year | -12.40% | -14.41% | +2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -24.10% | -23.89% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -41.88% | -38.74% | -3.14% |
Max Drawdown (10Y)Largest decline over 10 years | -41.88% | -60.84% | +18.96% |
Current DrawdownCurrent decline from peak | -5.56% | -30.27% | +24.71% |
Average DrawdownAverage peak-to-trough decline | -13.90% | -57.31% | +43.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 7.35% | -4.02% |
Volatility
EIS vs. DBE - Volatility Comparison
The current volatility for iShares MSCI Israel ETF (EIS) is 6.64%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that EIS 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.
Loading charts...
Volatility by Period
| EIS | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.64% | 12.95% | -6.31% |
Volatility (6M)Calculated over the trailing 6-month period | 16.05% | 30.86% | -14.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.56% | 34.97% | -12.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.81% | 29.39% | -7.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.08% | 28.33% | -7.25% |
EIS vs. DBE - Expense Ratio Comparison
EIS has a 0.59% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
EIS vs. DBE - Dividend Comparison
EIS's dividend yield for the trailing twelve months is around 1.22%, less than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.10% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% | 0.00% |
EIS iShares MSCI Israel ETF | 1.22% | 1.44% | 1.38% | 1.39% | 1.66% | 1.04% | 0.16% | 2.06% | 0.87% | 2.02% | 1.78% | 2.55% |
Frequently Asked Questions
EIS and DBE have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (12.95%) compared to EIS (6.64%). In terms of maximum drawdown, EIS dropped -51.94% vs DBE's -86.69%.
On 10-year performance, DBE leads with 12.03% vs 11.97% for EIS. On fees, EIS is cheaper at 0.59% per year. On volatility, EIS has been the lower-risk option at 6.64%. 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 12.03% return vs 11.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EIS is cheaper with a 0.59% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.10%, compared with 1.22% for EIS.
EIS is categorized as Foreign Large Cap Equities, while DBE is Oil & Gas. EIS tracks MSCI Israel Capped Investable Market Index (Net), while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.59% for EIS and 0.78% for DBE.
EIS currently has the higher Sharpe Ratio (2.45 vs 2.43), 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.
Find the right allocation for EIS and DBE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer