EVX vs. DBE
EVX (VanEck Vectors Environmental Services ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - EVX is a Industrials Equities fund tracking the NYSE Arca Environmental Services Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, EVX returned 11.98%/yr vs 11.15%/yr for DBE. At a 0.23 correlation, their price movements are largely independent. EVX charges 0.55%/yr vs 0.78%/yr for DBE.
Performance
EVX vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, EVX achieves a 8.13% return, which is significantly lower than DBE's 66.08% return. Over the past 10 years, EVX has outperformed DBE with an annualized return of 11.98%, while DBE has yielded a comparatively lower 11.15% annualized return.
EVX
- 1D
- -0.39%
- 1M
- 5.19%
- 6M
- 4.28%
- YTD
- 8.13%
- 1Y
- 7.64%
- 3Y*
- 9.43%
- 5Y*
- 8.52%
- 10Y*
- 11.98%
DBE
- 1D
- 6.87%
- 1M
- -1.18%
- 6M
- 62.18%
- YTD
- 66.08%
- 1Y
- 53.22%
- 3Y*
- 17.13%
- 5Y*
- 16.54%
- 10Y*
- 11.15%
EVX vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVX VanEck Vectors Environmental Services ETF | 8.13% | 11.72% | 12.99% | 12.97% | -10.58% | 27.47% | 13.28% | 28.41% | -3.82% | 16.05% |
DBE Invesco DB Energy Fund | 66.08% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between EVX and DBE is -0.20, 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 | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2007 | 0.23 |
The correlation between EVX and DBE shifts across timeframes, from -0.20 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EVX vs. DBE — Risk / Return Rank
EVX
DBE
EVX vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Environmental Services ETF (EVX) 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.
| EVX | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.26 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 2.16 | -1.46 |
| Martin ratioReturn relative to average drawdown | 1.58 | 6.57 | -4.99 |
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Drawdowns
EVX vs. DBE - Drawdown Comparison
The maximum EVX drawdown since its inception was -55.91%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for EVX and DBE.
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Drawdown Indicators
| EVX | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.91% | -86.69% | +30.78% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -24.72% | +13.87% |
Max Drawdown (3Y)Largest decline over 3 years | -19.33% | -24.72% | +5.39% |
Max Drawdown (5Y)Largest decline over 5 years | -21.45% | -38.74% | +17.29% |
Max Drawdown (10Y)Largest decline over 10 years | -41.01% | -60.84% | +19.83% |
Current DrawdownCurrent decline from peak | -2.32% | -36.95% | +34.63% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -57.20% | +48.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.85% | 8.13% | -3.28% |
Volatility
EVX vs. DBE - Volatility Comparison
The current volatility for VanEck Vectors Environmental Services ETF (EVX) is 3.70%, while Invesco DB Energy Fund (DBE) has a volatility of 12.49%. This indicates that EVX 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
| EVX | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 12.49% | -8.79% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 32.73% | -22.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.96% | 36.03% | -22.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.61% | 29.89% | -12.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.22% | 28.40% | -8.18% |
EVX vs. DBE - Expense Ratio Comparison
EVX has a 0.55% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
EVX vs. DBE - Dividend Comparison
EVX's dividend yield for the trailing twelve months is around 0.17%, less than DBE's 2.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.33% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% | 0.00% |
EVX VanEck Vectors Environmental Services ETF | 0.17% | 0.19% | 0.46% | 0.95% | 0.41% | 0.24% | 0.32% | 0.38% | 0.38% | 0.89% | 0.70% | 1.16% |
Frequently Asked Questions
EVX and DBE have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (12.49%) compared to EVX (3.70%). In terms of maximum drawdown, EVX dropped -55.91% vs DBE's -86.69%.
On 10-year performance, EVX leads with 11.98% vs 11.15% for DBE. On fees, EVX is cheaper at 0.55% per year. On volatility, EVX has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EVX has performed better with a 11.98% return vs 11.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVX is cheaper with a 0.55% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.33%, compared with 0.17% for EVX.
EVX is categorized as Industrials Equities, while DBE is Oil & Gas. EVX tracks NYSE Arca Environmental Services Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.55% for EVX and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.49 vs 0.55), 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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