GENZ vs. DBO
GENZ (VanEck Digital Native Economy ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - GENZ is a Technology Equities fund tracking the MarketVector Digital Native Economy 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 10 years, GENZ returned 3.88%/yr vs 10.08%/yr for DBO. At a 0.27 correlation, their price movements are largely independent. GENZ charges 0.50%/yr vs 0.78%/yr for DBO.
Performance
GENZ vs. DBO - Performance Comparison
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Returns By Period
In the year-to-date period, GENZ achieves a -5.74% return, which is significantly lower than DBO's 60.57% return. Over the past 10 years, GENZ has underperformed DBO with an annualized return of 3.88%, while DBO has yielded a comparatively higher 10.08% annualized return.
GENZ
- 1D
- 0.17%
- 1M
- 9.12%
- 6M
- -3.80%
- YTD
- -5.74%
- 1Y
- -11.43%
- 3Y*
- -3.98%
- 5Y*
- -3.53%
- 10Y*
- 3.88%
DBO
- 1D
- 8.47%
- 1M
- -4.25%
- 6M
- 54.98%
- YTD
- 60.57%
- 1Y
- 46.06%
- 3Y*
- 14.20%
- 5Y*
- 11.74%
- 10Y*
- 10.08%
GENZ vs. DBO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GENZ VanEck Digital Native Economy ETF | -5.74% | 4.15% | -1.39% | 11.52% | -12.83% | -4.30% | 12.72% | 30.17% | -26.79% | 41.11% |
DBO Invesco DB Oil Fund | 60.57% | -11.71% | 7.85% | -4.44% | 13.04% | 60.74% | -20.99% | 28.05% | -15.22% | 4.86% |
Correlation
The correlation between GENZ and DBO is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2008 | 0.27 |
The correlation between GENZ and DBO shifts across timeframes, from -0.18 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GENZ vs. DBO — Risk / Return Rank
GENZ
DBO
GENZ vs. DBO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Native Economy ETF (GENZ) 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.
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.
| GENZ | DBO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.23 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 1.67 | -2.10 |
| Martin ratioReturn relative to average drawdown | -0.74 | 4.54 | -5.27 |
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Drawdowns
GENZ vs. DBO - Drawdown Comparison
The maximum GENZ drawdown since its inception was -71.12%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for GENZ and DBO.
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Drawdown Indicators
| GENZ | DBO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.12% | -90.18% | +19.06% |
Max Drawdown (1Y)Largest decline over 1 year | -26.40% | -27.73% | +1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -26.40% | -28.20% | +1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -39.93% | -37.68% | -2.25% |
Max Drawdown (10Y)Largest decline over 10 years | -56.43% | -61.69% | +5.26% |
Current DrawdownCurrent decline from peak | -25.99% | -57.74% | +31.75% |
Average DrawdownAverage peak-to-trough decline | -24.56% | -62.22% | +37.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.58% | 10.18% | +5.40% |
Volatility
GENZ vs. DBO - Volatility Comparison
The current volatility for VanEck Digital Native Economy ETF (GENZ) is 6.33%, while Invesco DB Oil Fund (DBO) has a volatility of 14.54%. This indicates that GENZ 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
| GENZ | DBO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 14.54% | -8.21% |
Volatility (6M)Calculated over the trailing 6-month period | 16.66% | 31.13% | -14.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.37% | 36.08% | -16.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.60% | 32.94% | -8.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.06% | 31.92% | -6.86% |
GENZ vs. DBO - Expense Ratio Comparison
GENZ has a 0.50% expense ratio, which is lower than DBO's 0.78% expense ratio.
Dividends
GENZ vs. DBO - Dividend Comparison
GENZ's dividend yield for the trailing twelve months is around 3.54%, more than DBO's 2.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBO Invesco DB Oil Fund | 2.19% | 3.51% | 4.68% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.58% | 0.00% | 0.00% | 0.00% |
GENZ VanEck Digital Native Economy ETF | 3.54% | 3.34% | 2.88% | 1.68% | 0.44% | 0.79% | 0.47% | 2.95% | 3.43% | 2.31% | 3.15% | 4.09% |
Frequently Asked Questions
GENZ and DBO have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBO has higher volatility (14.54%) compared to GENZ (6.33%). In terms of maximum drawdown, GENZ dropped -71.12% vs DBO's -90.18%.
On 10-year performance, DBO leads with 10.08% vs 3.88% for GENZ. On fees, GENZ is cheaper at 0.50% per year. On volatility, GENZ has been the lower-risk option at 6.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBO has performed better with a 10.08% return vs 3.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GENZ is cheaper with a 0.50% expense ratio, compared with 0.78% for DBO.
GENZ has the higher dividend yield at 3.54%, compared with 2.19% for DBO.
GENZ is categorized as Technology Equities, while DBO is Oil & Gas. GENZ tracks MarketVector Digital Native Economy Index, while DBO tracks DBIQ Optimum Yield Crude Oil Index Excess Return. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.50% for GENZ and 0.78% for DBO.
DBO currently has the higher Sharpe Ratio (1.29 vs -0.59), 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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