FMQQ vs. DBE
FMQQ (FMQQ The Next Frontier Internet & Ecommerce ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - FMQQ is a Emerging Markets Diversified fund tracking the FMQQ The Next Frontier Internet & Ecommerce Index - Benchmark TR Net, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 3 years, FMQQ returned 2.72%/yr vs 17.96%/yr for DBE. At a 0.02 correlation, their price movements are largely independent. FMQQ charges 0.86%/yr vs 0.78%/yr for DBE.
Performance
FMQQ vs. DBE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FMQQ achieves a -12.29% return, which is significantly lower than DBE's 68.39% return.
FMQQ
- 1D
- -1.11%
- 1M
- 4.15%
- 6M
- -10.48%
- YTD
- -12.29%
- 1Y
- -17.84%
- 3Y*
- 2.72%
- 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%
FMQQ vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF | -12.29% | 10.77% | 12.45% | 15.15% | -54.03% | -16.57% |
DBE Invesco DB Energy Fund | 68.39% | -2.17% | 2.96% | -12.14% | 33.77% | 1.18% |
Correlation
The correlation between FMQQ and DBE is -0.35, 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 | -0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.02 |
The correlation between FMQQ and DBE shifts across timeframes, from -0.35 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FMQQ vs. DBE — Risk / Return Rank
FMQQ
DBE
FMQQ vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) 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.
| FMQQ | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.54 | ||
| Sortino ratioReturn per unit of downside risk | -3.48 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.28 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 2.34 | -2.92 |
| Martin ratioReturn relative to average drawdown | -1.03 | 7.00 | -8.03 |
Loading charts...
Drawdowns
FMQQ vs. DBE - Drawdown Comparison
The maximum FMQQ drawdown since its inception was -64.51%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for FMQQ and DBE.
Loading charts...
Drawdown Indicators
| FMQQ | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.51% | -86.69% | +22.18% |
Max Drawdown (1Y)Largest decline over 1 year | -30.82% | -24.72% | -6.10% |
Max Drawdown (3Y)Largest decline over 3 years | -30.82% | -24.72% | -6.10% |
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 | -52.59% | -36.07% | -16.52% |
Average DrawdownAverage peak-to-trough decline | -49.46% | -57.19% | +7.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.34% | 8.26% | +9.08% |
Volatility
FMQQ vs. DBE - Volatility Comparison
The current volatility for FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) is 4.24%, while Invesco DB Energy Fund (DBE) has a volatility of 11.68%. This indicates that FMQQ 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.
Loading charts...
Volatility by Period
| FMQQ | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 11.68% | -7.44% |
Volatility (6M)Calculated over the trailing 6-month period | 16.28% | 32.70% | -16.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.24% | 35.99% | -16.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.70% | 29.88% | -5.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.70% | 28.39% | -3.69% |
FMQQ vs. DBE - Expense Ratio Comparison
FMQQ has a 0.86% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
FMQQ vs. DBE - Dividend Comparison
FMQQ's dividend yield for the trailing twelve months is around 0.70%, less 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% |
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF | 0.70% | 0.61% | 0.45% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FMQQ and DBE have a correlation of -0.35, 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 FMQQ (4.24%). In terms of maximum drawdown, FMQQ dropped -64.51% vs DBE's -86.69%.
On 3-year performance, DBE leads with 17.96% vs 2.72% for FMQQ. On fees, DBE is cheaper at 0.78% per year. On volatility, FMQQ has been the lower-risk option at 4.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DBE has performed better with a 17.96% return vs 2.72%. 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 FMQQ.
DBE has the higher dividend yield at 2.29%, compared with 0.70% for FMQQ.
FMQQ is categorized as Emerging Markets Diversified, while DBE is Oil & Gas. FMQQ tracks FMQQ The Next Frontier Internet & Ecommerce Index - Benchmark TR Net, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: EMQQ and Invesco. Their fees differ too: 0.86% for FMQQ and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.61 vs -0.93), 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.
Find the right allocation for FMQQ and DBE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer