EQLT vs. DBE
EQLT (iShares MSCI Emerging Markets Quality Factor ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - EQLT is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Quality Factor Select Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past year, EQLT returned 43.68% vs 57.64% for DBE. At a correlation of -0.07, they often move in opposite directions. EQLT charges 0.35%/yr vs 0.78%/yr for DBE.
Performance
EQLT vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, EQLT achieves a 22.92% return, which is significantly lower than DBE's 68.39% return.
EQLT
- 1D
- -1.55%
- 1M
- -7.15%
- 6M
- 16.66%
- YTD
- 22.92%
- 1Y
- 43.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- -1.09%
- 1M
- 6.25%
- 6M
- 65.69%
- YTD
- 68.39%
- 1Y
- 57.64%
- 3Y*
- 17.96%
- 5Y*
- 17.10%
- 10Y*
- 11.45%
EQLT vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EQLT iShares MSCI Emerging Markets Quality Factor ETF | 22.92% | 33.93% | -1.29% |
DBE Invesco DB Energy Fund | 68.39% | -2.17% | 6.88% |
Correlation
The correlation between EQLT and DBE is -0.24, 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 | -0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024 | -0.07 |
The correlation between EQLT and DBE shifts across timeframes, from -0.24 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EQLT vs. DBE — Risk / Return Rank
EQLT
DBE
EQLT vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Quality Factor ETF (EQLT) 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.
| EQLT | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.28 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 2.34 | +1.32 |
| Martin ratioReturn relative to average drawdown | 12.48 | 7.00 | +5.48 |
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Drawdowns
EQLT vs. DBE - Drawdown Comparison
The maximum EQLT drawdown since its inception was -17.38%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for EQLT and DBE.
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Drawdown Indicators
| EQLT | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.38% | -86.69% | +69.31% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -24.72% | +12.72% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.72% | — |
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 | -8.32% | -36.07% | +27.75% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -57.19% | +53.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 8.26% | -4.75% |
Volatility
EQLT vs. DBE - Volatility Comparison
The current volatility for iShares MSCI Emerging Markets Quality Factor ETF (EQLT) is 6.94%, while Invesco DB Energy Fund (DBE) has a volatility of 11.68%. This indicates that EQLT 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
| EQLT | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.94% | 11.68% | -4.74% |
Volatility (6M)Calculated over the trailing 6-month period | 21.04% | 32.70% | -11.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.11% | 35.99% | -12.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.29% | 29.88% | -8.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.29% | 28.39% | -7.10% |
EQLT vs. DBE - Expense Ratio Comparison
EQLT has a 0.35% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
EQLT vs. DBE - Dividend Comparison
EQLT's dividend yield for the trailing twelve months is around 2.85%, more than DBE's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.29% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
EQLT iShares MSCI Emerging Markets Quality Factor ETF | 2.85% | 3.10% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EQLT and DBE have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (11.68%) compared to EQLT (6.94%). In terms of maximum drawdown, EQLT dropped -17.38% vs DBE's -86.69%.
On 1-year performance, DBE leads with 57.64% vs 43.68% for EQLT. On fees, EQLT is cheaper at 0.35% per year. On volatility, EQLT has been the lower-risk option at 6.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBE has performed better with a 57.64% return vs 43.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EQLT is cheaper with a 0.35% expense ratio, compared with 0.78% for DBE.
EQLT has the higher dividend yield at 2.85%, compared with 2.29% for DBE.
EQLT is categorized as Emerging Markets Equities, while DBE is Oil & Gas. EQLT tracks MSCI Emerging Markets Quality Factor Select Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.35% for EQLT and 0.78% for DBE.
EQLT currently has the higher Sharpe Ratio (1.90 vs 1.61), 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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