GAMR vs. DBE

Last updated Jun 4, 2026

GAMR (Amplify Video Game Leaders ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - GAMR is a Gaming fund tracking the VettaFi Video Game Leaders Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, GAMR returned 12.82%/yr vs 12.03%/yr for DBE. At a 0.14 correlation, their price movements are largely independent. GAMR charges 0.59%/yr vs 0.78%/yr for DBE.

Performance

GAMR vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Video Game Leaders ETF (GAMR) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GAMR achieves a 3.68% return, which is significantly lower than DBE's 83.68% return. Over the past 10 years, GAMR has outperformed DBE with an annualized return of 12.82%, while DBE has yielded a comparatively lower 12.03% annualized return.

GAMR

• 1D: -0.83%
• 1M: 13.55%
• YTD: 3.68%
• 6M: 1.71%
• 1Y: 19.82%
• 3Y*: 16.12%
• 5Y*: -0.52%
• 10Y*: 12.82%

DBE

• 1D: 2.33%
• 1M: -5.45%
• YTD: 83.68%
• 6M: 74.95%
• 1Y: 84.41%
• 3Y*: 23.42%
• 5Y*: 19.66%
• 10Y*: 12.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GAMR vs. DBE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GAMR Amplify Video Game Leaders ETF	3.68%	39.20%	11.23%	6.89%	-36.96%	11.31%	76.83%	14.76%	-18.82%	59.47%
DBE Invesco DB Energy Fund	83.68%	-2.17%	2.96%	-12.14%	33.77%	57.56%	-25.91%	19.72%	-12.95%	5.21%

Correlation

The correlation between GAMR and DBE is -0.27, 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	-0.27
Correlation (3Y) Calculated over the trailing 3-year period	-0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (10Y) Calculated over the trailing 10-year period	0.14
Correlation (All Time) Calculated using the full available price history since Mar 11, 2016	0.14

The correlation between GAMR and DBE shifts across timeframes, from -0.27 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GAMR vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GAMR

GAMR Risk / Return Rank: 21
GAMR Sharpe Ratio Rank: 25
GAMR Sortino Ratio Rank: 24
GAMR Omega Ratio Rank: 25
GAMR Calmar Ratio Rank: 17
GAMR Martin Ratio Rank: 16

DBE

DBE Risk / Return Rank: 71
DBE Sharpe Ratio Rank: 74
DBE Sortino Ratio Rank: 63
DBE Omega Ratio Rank: 65
DBE Calmar Ratio Rank: 91
DBE Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GAMR vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Video Game Leaders ETF (GAMR) 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.

	GAMR	DBE	Difference
Sharpe ratio Return per unit of total volatility	0.89	2.43	-1.54
Sortino ratio Return per unit of downside risk	1.30	2.96	-1.66
Omega ratio Gain probability vs. loss probability	1.17	1.40	-0.23
Calmar ratio Return relative to maximum drawdown	0.68	5.89	-5.21
Martin ratio Return relative to average drawdown	1.55	11.53	-9.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GAMR vs. DBE - Sharpe Ratio Comparison

The current GAMR Sharpe Ratio is 0.89, which is lower than the DBE Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of GAMR and DBE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GAMR	DBE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	2.43	-1.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	0.67	-0.69
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.43	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.09	+0.48

Drawdowns

GAMR vs. DBE - Drawdown Comparison

The maximum GAMR drawdown since its inception was -55.37%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for GAMR and DBE.

Drawdown Indicators

	GAMR	DBE	Difference
Max Drawdown Largest peak-to-trough decline	-55.37%	-86.69%	+31.32%
Max Drawdown (1Y) Largest decline over 1 year	-29.36%	-14.41%	-14.95%
Max Drawdown (3Y) Largest decline over 3 years	-29.36%	-23.89%	-5.47%
Max Drawdown (5Y) Largest decline over 5 years	-50.57%	-38.74%	-11.83%
Max Drawdown (10Y) Largest decline over 10 years	-55.37%	-60.84%	+5.47%
Current Drawdown Current decline from peak	-13.61%	-30.27%	+16.66%
Average Drawdown Average peak-to-trough decline	-22.13%	-57.31%	+35.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.82%	7.35%	+5.47%

Volatility

GAMR vs. DBE - Volatility Comparison

The current volatility for Amplify Video Game Leaders ETF (GAMR) is 5.88%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that GAMR 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.

Volatility by Period

	GAMR	DBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.88%	12.95%	-7.07%
Volatility (6M) Calculated over the trailing 6-month period	17.37%	30.86%	-13.49%
Volatility (1Y) Calculated over the trailing 1-year period	22.32%	34.97%	-12.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.35%	29.39%	-5.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.27%	28.33%	-4.06%

GAMR vs. DBE - Expense Ratio Comparison

GAMR has a 0.59% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

GAMR vs. DBE - Dividend Comparison

GAMR's dividend yield for the trailing twelve months is around 0.50%, less than DBE's 2.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBE Invesco DB Energy Fund	2.10%	3.86%	6.32%	3.87%	0.75%	0.00%	0.00%	1.79%	1.67%
GAMR Amplify Video Game Leaders ETF	0.50%	0.52%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GAMR and DBE in my portfolio?

GAMR and DBE 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.

Which is riskier, GAMR or DBE?

DBE has higher volatility (12.95%) compared to GAMR (5.88%). In terms of maximum drawdown, GAMR dropped -55.37% vs DBE's -86.69%.

Which ETF is better, GAMR or DBE?

On 10-year performance, GAMR leads with 12.82% vs 12.03% for DBE. On fees, GAMR is cheaper at 0.59% per year. On volatility, GAMR has been the lower-risk option at 5.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GAMR or DBE?

Over the 10-year period, GAMR has performed better with a 12.82% return vs 12.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GAMR or DBE?

GAMR is cheaper with a 0.59% expense ratio, compared with 0.78% for DBE.

Which ETF pays a higher dividend yield, GAMR or DBE?

DBE has the higher dividend yield at 2.10%, compared with 0.50% for GAMR.

What is the main difference between GAMR and DBE?

GAMR is categorized as Gaming, while DBE is Oil & Gas. GAMR tracks VettaFi Video Game Leaders Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Amplify and Invesco. Their fees differ too: 0.59% for GAMR and 0.78% for DBE.

Which has better risk-adjusted returns?

DBE currently has the higher Sharpe Ratio (2.43 vs 0.89), 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.