GDT vs. DBE

Last updated Jun 5, 2026

GDT (WisdomTree Efficient TIPS Plus Gold Fund) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - GDT is a Tactical Allocation fund actively managed by WisdomTree, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. GDT is actively managed, while DBE is passively managed. At a correlation of -0.17, they often move in opposite directions. GDT charges 0.30%/yr vs 0.78%/yr for DBE.

Performance

GDT vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Efficient TIPS Plus Gold Fund (GDT) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GDT

• 1D: 0.57%
• 1M: -1.79%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBE

• 1D: -2.52%
• 1M: -6.01%
• YTD: 79.04%
• 6M: 69.31%
• 1Y: 81.31%
• 3Y*: 22.41%
• 5Y*: 19.05%
• 10Y*: 11.58%

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

GDT vs. DBE - Yearly Performance Comparison

	2026 (YTD)
GDT WisdomTree Efficient TIPS Plus Gold Fund	-7.53%
DBE Invesco DB Energy Fund	70.41%

Correlation

The correlation between GDT and DBE is -0.17, 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 (All Time) Calculated using the full available price history since Jan 23, 2026	-0.17

Return for Risk

GDT vs. DBE — Risk / Return Rank

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

DBE

DBE Risk / Return Rank: 71
DBE Sharpe Ratio Rank: 73
DBE Sortino Ratio Rank: 62
DBE Omega Ratio Rank: 65
DBE Calmar Ratio Rank: 91
DBE Martin Ratio Rank: 62

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.

GDT vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient TIPS Plus Gold Fund (GDT) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GDT	DBE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.33	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.65	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.58	0.09	-0.67

Drawdowns

GDT vs. DBE - Drawdown Comparison

The maximum GDT drawdown since its inception was -18.06%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for GDT and DBE.

Drawdown Indicators

	GDT	DBE	Difference
Max Drawdown Largest peak-to-trough decline	-18.06%	-86.69%	+68.63%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.41%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.89%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-60.84%	—
Current Drawdown Current decline from peak	-15.59%	-32.03%	+16.44%
Average Drawdown Average peak-to-trough decline	-9.96%	-57.30%	+47.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.37%	—

Volatility

Volatility by Period

	GDT	DBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	33.20%	35.07%	-1.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.20%	29.41%	+3.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.20%	28.34%	+4.86%

GDT vs. DBE - Expense Ratio Comparison

GDT has a 0.30% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

GDT vs. DBE - Dividend Comparison

GDT's dividend yield for the trailing twelve months is around 1.76%, less than DBE's 2.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBE Invesco DB Energy Fund	2.16%	3.86%	6.32%	3.87%	0.75%	0.00%	0.00%	1.79%	1.67%
GDT WisdomTree Efficient TIPS Plus Gold Fund	1.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GDT and DBE in my portfolio?

GDT and DBE have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GDT or DBE?

On fees, GDT is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GDT or DBE?

GDT is cheaper with a 0.30% expense ratio, compared with 0.78% for DBE.

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

DBE has the higher dividend yield at 2.16%, compared with 1.76% for GDT.

What is the main difference between GDT and DBE?

GDT is categorized as Tactical Allocation, while DBE is Oil & Gas. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.30% for GDT and 0.78% for DBE.