EMQQ vs. DBE
EMQQ (EMQQ The Emerging Markets Internet ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - EMQQ is a Emerging Markets Equities fund tracking the EMQQ The Emerging Markets Internet Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, EMQQ returned 4.58%/yr vs 12.03%/yr for DBE. At a 0.17 correlation, their price movements are largely independent. EMQQ charges 0.86%/yr vs 0.78%/yr for DBE.
Performance
EMQQ vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, EMQQ achieves a -19.80% return, which is significantly lower than DBE's 83.68% return. Over the past 10 years, EMQQ has underperformed DBE with an annualized return of 4.58%, while DBE has yielded a comparatively higher 12.03% annualized return.
EMQQ
- 1D
- -2.68%
- 1M
- -5.01%
- YTD
- -19.80%
- 6M
- -21.08%
- 1Y
- -15.68%
- 3Y*
- 5.24%
- 5Y*
- -11.29%
- 10Y*
- 4.58%
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%
EMQQ vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMQQ EMQQ The Emerging Markets Internet ETF | -19.80% | 20.66% | 13.79% | 4.48% | -30.70% | -32.53% | 80.45% | 33.86% | -29.82% | 68.20% |
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 EMQQ and DBE is -0.29, 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 | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2014 | 0.17 |
The correlation between EMQQ and DBE shifts across timeframes, from -0.29 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EMQQ vs. DBE — Risk / Return Rank
EMQQ
DBE
EMQQ vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for EMQQ The Emerging Markets Internet ETF (EMQQ) 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.
| EMQQ | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.19 | ||
| Sortino ratioReturn per unit of downside risk | -3.97 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.40 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 5.89 | -6.42 |
| Martin ratioReturn relative to average drawdown | -1.04 | 11.53 | -12.57 |
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
| EMQQ | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.76 | 2.43 | -3.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | 0.67 | -1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.43 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.09 | 0.00 |
Drawdowns
EMQQ vs. DBE - Drawdown Comparison
The maximum EMQQ drawdown since its inception was -73.24%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for EMQQ and DBE.
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Drawdown Indicators
| EMQQ | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.24% | -86.69% | +13.45% |
Max Drawdown (1Y)Largest decline over 1 year | -29.96% | -14.41% | -15.55% |
Max Drawdown (3Y)Largest decline over 3 years | -29.96% | -23.89% | -6.07% |
Max Drawdown (5Y)Largest decline over 5 years | -66.31% | -38.74% | -27.57% |
Max Drawdown (10Y)Largest decline over 10 years | -73.24% | -60.84% | -12.40% |
Current DrawdownCurrent decline from peak | -57.75% | -30.27% | -27.48% |
Average DrawdownAverage peak-to-trough decline | -31.36% | -57.31% | +25.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.04% | 7.35% | +7.69% |
Volatility
EMQQ vs. DBE - Volatility Comparison
The current volatility for EMQQ The Emerging Markets Internet ETF (EMQQ) is 7.04%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that EMQQ 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
| EMQQ | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.04% | 12.95% | -5.91% |
Volatility (6M)Calculated over the trailing 6-month period | 16.37% | 30.86% | -14.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.59% | 34.97% | -14.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.12% | 29.39% | +3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.61% | 28.33% | +2.28% |
EMQQ vs. DBE - Expense Ratio Comparison
EMQQ has a 0.86% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
EMQQ vs. DBE - Dividend Comparison
EMQQ's dividend yield for the trailing twelve months is around 3.85%, more 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% |
EMQQ EMQQ The Emerging Markets Internet ETF | 3.85% | 3.09% | 1.70% | 0.79% | 0.00% | 0.00% | 0.18% | 1.29% | 0.00% | 0.94% | 0.75% | 0.08% |
Frequently Asked Questions
EMQQ and DBE have a correlation of -0.29, 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 EMQQ (7.04%). In terms of maximum drawdown, EMQQ dropped -73.24% vs DBE's -86.69%.
On 10-year performance, DBE leads with 12.03% vs 4.58% for EMQQ. On fees, DBE is cheaper at 0.78% per year. On volatility, EMQQ has been the lower-risk option at 7.04%. 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 4.58%. 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 0.86% for EMQQ.
EMQQ has the higher dividend yield at 3.85%, compared with 2.10% for DBE.
EMQQ is categorized as Emerging Markets Equities, while DBE is Oil & Gas. EMQQ tracks EMQQ The Emerging Markets Internet Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Exchange Traded Concepts and Invesco. Their fees differ too: 0.86% for EMQQ and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.43 vs -0.76), 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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