EUSB vs. DBO
EUSB (iShares ESG Advanced Total USD Bond Market ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - EUSB is a Intermediate Core-Plus Bond fund tracking the Bloomberg MSCI US Universal Choice ESG Screened 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 5 years, EUSB returned 0.44%/yr vs 15.57%/yr for DBO. At a correlation of -0.14, they often move in opposite directions. EUSB charges 0.12%/yr vs 0.78%/yr for DBO.
Performance
EUSB vs. DBO - Performance Comparison
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Returns By Period
In the year-to-date period, EUSB achieves a 0.33% return, which is significantly lower than DBO's 80.66% return.
EUSB
- 1D
- -0.02%
- 1M
- 0.15%
- YTD
- 0.33%
- 6M
- 0.53%
- 1Y
- 4.99%
- 3Y*
- 4.34%
- 5Y*
- 0.44%
- 10Y*
- —
DBO
- 1D
- 1.05%
- 1M
- -0.09%
- YTD
- 80.66%
- 6M
- 78.46%
- 1Y
- 78.18%
- 3Y*
- 20.95%
- 5Y*
- 15.57%
- 10Y*
- 11.12%
EUSB vs. DBO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EUSB iShares ESG Advanced Total USD Bond Market ETF | 0.33% | 7.45% | 1.83% | 5.80% | -12.81% | -1.29% | 1.68% |
DBO Invesco DB Oil Fund | 80.66% | -11.71% | 7.85% | -4.44% | 13.04% | 60.74% | 20.60% |
Correlation
The correlation between EUSB and DBO is -0.43, 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 | -0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2020 | -0.14 |
Over the past year, the inverse relationship between EUSB and DBO has strengthened: their correlation has moved from -0.14 to -0.43, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
EUSB vs. DBO — Risk / Return Rank
EUSB
DBO
EUSB vs. DBO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced Total USD Bond Market ETF (EUSB) 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.
| EUSB | DBO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 2.28 | -0.88 |
Sortino ratioReturn per unit of downside risk | 2.11 | 2.88 | -0.77 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 4.62 | -2.63 |
Martin ratioReturn relative to average drawdown | 6.02 | 9.43 | -3.41 |
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
| EUSB | DBO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 2.28 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.49 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.02 | +0.03 |
Drawdowns
EUSB vs. DBO - Drawdown Comparison
The maximum EUSB drawdown since its inception was -17.87%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for EUSB and DBO.
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Drawdown Indicators
| EUSB | DBO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.87% | -90.18% | +72.31% |
Max Drawdown (1Y)Largest decline over 1 year | -2.48% | -18.19% | +15.71% |
Max Drawdown (3Y)Largest decline over 3 years | -5.76% | -28.20% | +22.44% |
Max Drawdown (5Y)Largest decline over 5 years | -17.45% | -37.68% | +20.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.69% | — |
Current DrawdownCurrent decline from peak | -1.17% | -52.46% | +51.29% |
Average DrawdownAverage peak-to-trough decline | -6.50% | -62.25% | +55.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 8.92% | -8.10% |
Volatility
EUSB vs. DBO - Volatility Comparison
The current volatility for iShares ESG Advanced Total USD Bond Market ETF (EUSB) is 1.20%, while Invesco DB Oil Fund (DBO) has a volatility of 13.25%. This indicates that EUSB 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
| EUSB | DBO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 13.25% | -12.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 28.15% | -25.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.57% | 34.54% | -30.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.77% | 32.28% | -26.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.42% | 31.78% | -26.36% |
EUSB vs. DBO - Expense Ratio Comparison
EUSB has a 0.12% expense ratio, which is lower than DBO's 0.78% expense ratio.
Dividends
EUSB vs. DBO - Dividend Comparison
EUSB's dividend yield for the trailing twelve months is around 3.96%, more than DBO's 1.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBO Invesco DB Oil Fund | 1.94% | 3.51% | 4.68% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.58% |
EUSB iShares ESG Advanced Total USD Bond Market ETF | 3.96% | 3.84% | 3.67% | 3.08% | 2.21% | 1.10% | 0.57% | 0.00% | 0.00% |
Frequently Asked Questions
EUSB and DBO have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBO has higher volatility (13.25%) compared to EUSB (1.20%). In terms of maximum drawdown, EUSB dropped -17.87% vs DBO's -90.18%.
On 5-year performance, DBO leads with 15.57% vs 0.44% for EUSB. On fees, EUSB is cheaper at 0.12% per year. On volatility, EUSB has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBO has performed better with a 15.57% return vs 0.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EUSB is cheaper with a 0.12% expense ratio, compared with 0.78% for DBO.
EUSB has the higher dividend yield at 3.96%, compared with 1.94% for DBO.
EUSB is categorized as Intermediate Core-Plus Bond, while DBO is Oil & Gas. EUSB tracks Bloomberg MSCI US Universal Choice ESG Screened Index, while DBO tracks DBIQ Optimum Yield Crude Oil Index Excess Return. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for EUSB and 0.78% for DBO.
DBO currently has the higher Sharpe Ratio (2.28 vs 1.41), 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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