EMET vs. DBE
EMET (VanEck Copper and Green Metals ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - EMET is a Commodity Producers Equities fund tracking the MVIS Global Clean-Tech Metals Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 3 years, EMET returned 21.61%/yr vs 23.42%/yr for DBE. At a 0.20 correlation, their price movements are largely independent. EMET charges 0.61%/yr vs 0.78%/yr for DBE.
Performance
EMET vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, EMET achieves a 24.96% return, which is significantly lower than DBE's 83.68% return.
EMET
- 1D
- -3.09%
- 1M
- 10.55%
- YTD
- 24.96%
- 6M
- 36.66%
- 1Y
- 116.88%
- 3Y*
- 21.61%
- 5Y*
- —
- 10Y*
- —
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%
EMET vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMET VanEck Copper and Green Metals ETF | 24.96% | 81.22% | -12.81% | -12.28% | -17.15% | -0.14% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | -5.01% |
Correlation
The correlation between EMET and DBE is -0.19, 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 | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2021 | 0.20 |
The correlation between EMET and DBE shifts across timeframes, from -0.19 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EMET vs. DBE — Risk / Return Rank
EMET
DBE
EMET vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Copper and Green Metals ETF (EMET) 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.
| EMET | DBE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.27 | 2.43 | +0.84 |
Sortino ratioReturn per unit of downside risk | 3.49 | 2.96 | +0.54 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.40 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 4.60 | 5.89 | -1.29 |
Martin ratioReturn relative to average drawdown | 15.70 | 11.53 | +4.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMET | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.27 | 2.43 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.09 | +0.16 |
Drawdowns
EMET vs. DBE - Drawdown Comparison
The maximum EMET drawdown since its inception was -53.05%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for EMET and DBE.
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Drawdown Indicators
| EMET | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.05% | -86.69% | +33.64% |
Max Drawdown (1Y)Largest decline over 1 year | -25.58% | -14.41% | -11.17% |
Max Drawdown (3Y)Largest decline over 3 years | -40.50% | -23.89% | -16.61% |
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 | -5.29% | -30.27% | +24.98% |
Average DrawdownAverage peak-to-trough decline | -24.83% | -57.31% | +32.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.47% | 7.35% | +0.12% |
Volatility
EMET vs. DBE - Volatility Comparison
VanEck Copper and Green Metals ETF (EMET) and Invesco DB Energy Fund (DBE) have volatilities of 12.59% and 12.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMET | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.59% | 12.95% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 30.81% | 30.86% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.96% | 34.97% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.96% | 29.39% | +3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.96% | 28.33% | +4.63% |
EMET vs. DBE - Expense Ratio Comparison
EMET has a 0.61% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
EMET vs. DBE - Dividend Comparison
EMET's dividend yield for the trailing twelve months is around 1.47%, less than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.10% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
EMET VanEck Copper and Green Metals ETF | 1.47% | 1.84% | 1.89% | 2.02% | 2.56% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMET and DBE have a correlation of -0.19, 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 EMET (12.59%). In terms of maximum drawdown, EMET dropped -53.05% vs DBE's -86.69%.
On 3-year performance, DBE leads with 23.42% vs 21.61% for EMET. On fees, EMET is cheaper at 0.61% per year. On volatility, EMET has been the lower-risk option at 12.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DBE has performed better with a 23.42% return vs 21.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMET is cheaper with a 0.61% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.10%, compared with 1.47% for EMET.
EMET is categorized as Commodity Producers Equities, while DBE is Oil & Gas. EMET tracks MVIS Global Clean-Tech Metals Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.61% for EMET and 0.78% for DBE.
EMET currently has the higher Sharpe Ratio (3.27 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.
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