GRNY vs. DBE

Last updated Jul 15, 2026

GRNY (Fundstrat Granny Shots U.S. Large Cap ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - GRNY is a Large Cap Blend Equities fund actively managed by Tidal ETFs, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. GRNY is actively managed, while DBE is passively managed. Over the past year, GRNY returned 21.68% vs 57.89% for DBE. At a correlation of -0.09, they often move in opposite directions. GRNY charges 0.75%/yr vs 0.78%/yr for DBE.

Performance

GRNY vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) 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, GRNY achieves a 12.44% return, which is significantly lower than DBE's 69.05% return.

GRNY

• 1D: 0.72%
• 1M: 2.36%
• 6M: 7.79%
• YTD: 12.44%
• 1Y: 21.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBE

• 1D: 1.79%
• 1M: 0.60%
• 6M: 61.38%
• YTD: 69.05%
• 1Y: 57.89%
• 3Y*: 17.83%
• 5Y*: 17.23%
• 10Y*: 11.34%

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

GRNY vs. DBE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	12.44%	24.05%	-0.45%
DBE Invesco DB Energy Fund	69.05%	-2.17%	1.48%

Correlation

The correlation between GRNY and DBE is -0.22, 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	-0.22
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024	-0.09

The correlation between GRNY and DBE shifts across timeframes, from -0.22 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GRNY vs. DBE — Risk / Return Rank

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

GRNY

GRNY Risk / Return Rank: 42
GRNY Sharpe Ratio Rank: 43
GRNY Sortino Ratio Rank: 40
GRNY Omega Ratio Rank: 38
GRNY Calmar Ratio Rank: 47
GRNY Martin Ratio Rank: 44

DBE

DBE Risk / Return Rank: 57
DBE Sharpe Ratio Rank: 61
DBE Sortino Ratio Rank: 58
DBE Omega Ratio Rank: 57
DBE Calmar Ratio Rank: 59
DBE Martin Ratio Rank: 52

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.

GRNY vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) 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.

	GRNY	DBE	Difference
Sharpe ratio: Return per unit of total volatility	1.21	1.62	-0.41
Sortino ratio: Return per unit of downside risk	1.69	2.22	-0.53
Omega ratio: Gain probability vs. loss probability	1.21	1.28	-0.07
Calmar ratio: Return relative to maximum drawdown	1.87	2.35	-0.48
Martin ratio: Return relative to average drawdown	5.64	7.10	-1.46

GRNY vs. DBE - Sharpe Ratio Comparison

The current GRNY Sharpe Ratio is 1.21, which is comparable to the DBE Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of GRNY 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.

Drawdowns

GRNY vs. DBE - Drawdown Comparison

The maximum GRNY drawdown since its inception was -24.18%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for GRNY and DBE.

Drawdown Indicators

	GRNY	DBE	Difference
Max Drawdown Largest peak-to-trough decline	-24.18%	-86.69%	+62.51%
Max Drawdown (1Y) Largest decline over 1 year	-11.63%	-24.72%	+13.09%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.72%	—
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	-0.50%	-35.82%	+35.32%
Average Drawdown Average peak-to-trough decline	-3.86%	-57.19%	+53.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.85%	8.17%	-4.32%

Volatility

GRNY vs. DBE - Volatility Comparison

The current volatility for Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) is 4.31%, while Invesco DB Energy Fund (DBE) has a volatility of 12.20%. This indicates that GRNY 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

	GRNY	DBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	12.20%	-7.89%
Volatility (6M) Calculated over the trailing 6-month period	12.99%	32.74%	-19.75%
Volatility (1Y) Calculated over the trailing 1-year period	18.01%	35.99%	-17.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.87%	29.88%	-7.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.87%	28.40%	-5.53%

GRNY vs. DBE - Expense Ratio Comparison

GRNY has a 0.75% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

GRNY vs. DBE - Dividend Comparison

GRNY's dividend yield for the trailing twelve months is around 0.07%, 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%
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GRNY and DBE in my portfolio?

GRNY and DBE have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GRNY or DBE?

DBE has higher volatility (12.20%) compared to GRNY (4.31%). In terms of maximum drawdown, GRNY dropped -24.18% vs DBE's -86.69%.

Which ETF is better, GRNY or DBE?

On 1-year performance, DBE leads with 57.89% vs 21.68% for GRNY. On fees, GRNY is cheaper at 0.75% per year. On volatility, GRNY has been the lower-risk option at 4.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GRNY or DBE?

Over the 1-year period, DBE has performed better with a 57.89% return vs 21.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GRNY or DBE?

GRNY is cheaper with a 0.75% expense ratio, compared with 0.78% for DBE.

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

DBE has the higher dividend yield at 2.29%, compared with 0.07% for GRNY.

What is the main difference between GRNY and DBE?

GRNY is categorized as Large Cap Blend Equities, while DBE is Oil & Gas. They also come from different issuers: Tidal ETFs and Invesco. Their fees differ too: 0.75% for GRNY and 0.78% for DBE.

Which has better risk-adjusted returns?

DBE currently has the higher Sharpe Ratio (1.62 vs 1.21), 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.