EMQQ vs. DBO
EMQQ (EMQQ The Emerging Markets Internet ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - EMQQ is a Emerging Markets Equities fund tracking the EMQQ The Emerging Markets Internet Index, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. Both are passively managed. Over the past 10 years, EMQQ returned 4.66%/yr vs 11.43%/yr for DBO. Their 0.17 correlation means their historical movements had little consistent relationship. EMQQ charges 0.86%/yr vs 0.78%/yr for DBO.
Performance
EMQQ vs. DBO - Performance Comparison
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Returns By Period
In the year-to-date period, EMQQ achieves a -13.58% return, which is significantly lower than DBO's 66.72% return. Over the past 10 years, EMQQ has underperformed DBO with an annualized return of 4.66%, while DBO has yielded a comparatively higher 11.43% annualized return.
EMQQ
- 1D
- 1.45%
- 1M
- 9.20%
- 6M
- -12.37%
- YTD
- -13.58%
- 1Y
- -10.75%
- 3Y*
- 4.26%
- 5Y*
- -6.86%
- 10Y*
- 4.66%
- ALL TIME*
- 3.19%
DBO
- 1D
- -5.53%
- 1M
- 17.71%
- 6M
- 53.16%
- YTD
- 66.72%
- 1Y
- 51.44%
- 3Y*
- 12.33%
- 5Y*
- 13.64%
- 10Y*
- 11.43%
- ALL TIME*
- 0.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.34M | $10.71M | $13.49M | |
| $1.08M | $1.14M | $1.73M |
EMQQ vs. DBO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMQQ EMQQ The Emerging Markets Internet ETF | -13.58% | 20.66% | 13.79% | 4.48% | -30.70% | -32.53% | 80.45% | 33.86% | -29.82% | 68.20% |
DBO Invesco DB Oil Fund | 66.72% | -11.71% | 7.85% | -4.44% | 13.04% | 60.74% | -20.99% | 28.05% | -15.22% | 4.86% |
Correlation
The correlation between EMQQ and DBO is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.27 |
Correlation (3Y) Balances recent behavior with more history. | -0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.04 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2014 | 0.17 |
The correlation between EMQQ and DBO shifts across timeframes, from -0.27 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EMQQ vs. DBO — Risk / Return Rank
EMQQ
DBO
EMQQ vs. DBO - 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 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.
| EMQQ | DBO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.23 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 1.86 | -2.18 |
| Martin ratioReturn relative to average drawdown | -0.57 | 5.64 | -6.21 |
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Drawdowns
EMQQ vs. DBO - Drawdown Comparison
The maximum EMQQ drawdown since its inception was -73.24%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for EMQQ and DBO.
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Drawdown Indicators
| EMQQ | DBO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.24% | -90.18% | +16.94% |
Max Drawdown (1Y)Largest decline over 1 year | -33.70% | -27.73% | -5.97% |
Max Drawdown (3Y)Largest decline over 3 years | -33.70% | -28.20% | -5.50% |
Max Drawdown (5Y)Largest decline over 5 years | -61.70% | -37.68% | -24.02% |
Max Drawdown (10Y)Largest decline over 10 years | -73.24% | -61.69% | -11.55% |
Current DrawdownCurrent decline from peak | -54.48% | -56.13% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -31.72% | -62.20% | +30.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.02% | 9.16% | +9.86% |
Volatility
EMQQ vs. DBO - Volatility Comparison
The current volatility for EMQQ The Emerging Markets Internet ETF (EMQQ) is 5.25%, while Invesco DB Oil Fund (DBO) has a volatility of 18.99%. This indicates that EMQQ experiences smaller price fluctuations and is considered to be less risky than DBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMQQ | DBO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 18.99% | -13.74% |
Volatility (6M)Calculated over the trailing 6-month period | 16.86% | 34.30% | -17.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.22% | 38.86% | -17.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.73% | 33.43% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.60% | 32.24% | -1.64% |
EMQQ vs. DBO - Expense Ratio Comparison
EMQQ has a 0.86% expense ratio, which is higher than DBO's 0.78% expense ratio.
Dividends
EMQQ vs. DBO - Dividend Comparison
EMQQ's dividend yield for the trailing twelve months is around 3.57%, more than DBO's 2.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBO Invesco DB Oil Fund | 2.11% | 3.51% | 4.68% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.58% | 0.00% | 0.00% | 0.00% |
EMQQ EMQQ The Emerging Markets Internet ETF | 3.57% | 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 DBO have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBO has higher volatility (18.99%) compared to EMQQ (5.25%). In terms of maximum drawdown, EMQQ dropped -73.24% vs DBO's -90.18%.
On 10-year performance, DBO leads with 11.43% vs 4.66% for EMQQ. On fees, DBO is cheaper at 0.78% per year. On volatility, EMQQ has been the lower-risk option at 5.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBO has performed better with a 11.43% return vs 4.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBO is cheaper with a 0.78% expense ratio, compared with 0.86% for EMQQ.
EMQQ has the higher dividend yield at 3.57%, compared with 2.11% for DBO.
EMQQ is categorized as Emerging Markets Equities, while DBO is Oil & Gas. EMQQ tracks EMQQ The Emerging Markets Internet Index, while DBO tracks DBIQ Optimum Yield Crude Oil Index Excess Return. They also come from different issuers: Exchange Traded Concepts and Invesco. Their fees differ too: 0.86% for EMQQ and 0.78% for DBO.
DBO currently has the higher Sharpe Ratio (1.33 vs -0.51), 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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