GTEK vs. DBE
GTEK (Goldman Sachs Future Tech Leaders Equity ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - GTEK is a Technology Equities fund actively managed by Goldman Sachs, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. GTEK is actively managed, while DBE is passively managed. Over the past 3 years, GTEK returned 27.58%/yr vs 17.96%/yr for DBE. At a 0.06 correlation, their price movements are largely independent. GTEK charges 0.75%/yr vs 0.78%/yr for DBE.
Performance
GTEK vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, GTEK achieves a 37.75% return, which is significantly lower than DBE's 68.39% return.
GTEK
- 1D
- -3.03%
- 1M
- -7.67%
- 6M
- 31.89%
- YTD
- 37.75%
- 1Y
- 53.59%
- 3Y*
- 27.58%
- 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%
GTEK vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GTEK Goldman Sachs Future Tech Leaders Equity ETF | 37.75% | 23.68% | 15.94% | 33.58% | -46.73% | -2.50% |
DBE Invesco DB Energy Fund | 68.39% | -2.17% | 2.96% | -12.14% | 33.77% | 4.72% |
Correlation
The correlation between GTEK and DBE is -0.21, 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 | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021 | 0.06 |
The correlation between GTEK and DBE shifts across timeframes, from -0.21 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GTEK vs. DBE — Risk / Return Rank
GTEK
DBE
GTEK vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Future Tech Leaders Equity ETF (GTEK) 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.
| GTEK | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 2.34 | +1.98 |
| Martin ratioReturn relative to average drawdown | 13.63 | 7.00 | +6.63 |
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Drawdowns
GTEK vs. DBE - Drawdown Comparison
The maximum GTEK drawdown since its inception was -53.77%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for GTEK and DBE.
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Drawdown Indicators
| GTEK | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.77% | -86.69% | +32.92% |
Max Drawdown (1Y)Largest decline over 1 year | -12.46% | -24.72% | +12.26% |
Max Drawdown (3Y)Largest decline over 3 years | -27.49% | -24.72% | -2.77% |
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 | -12.46% | -36.07% | +23.61% |
Average DrawdownAverage peak-to-trough decline | -26.95% | -57.19% | +30.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 8.26% | -4.32% |
Volatility
GTEK vs. DBE - Volatility Comparison
Goldman Sachs Future Tech Leaders Equity ETF (GTEK) and Invesco DB Energy Fund (DBE) have volatilities of 11.31% and 11.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTEK | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.31% | 11.68% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 26.30% | 32.70% | -6.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.92% | 35.99% | -6.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.83% | 29.88% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.83% | 28.39% | +0.44% |
GTEK vs. DBE - Expense Ratio Comparison
GTEK has a 0.75% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
GTEK vs. DBE - Dividend Comparison
GTEK has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.29%.
| 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% |
GTEK Goldman Sachs Future Tech Leaders Equity ETF | 0.00% | 0.00% | 0.00% | 0.26% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GTEK and DBE have a correlation of -0.21, 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 GTEK (11.31%). In terms of maximum drawdown, GTEK dropped -53.77% vs DBE's -86.69%.
On 3-year performance, GTEK leads with 27.58% vs 17.96% for DBE. On fees, GTEK is cheaper at 0.75% per year. On volatility, GTEK has been the lower-risk option at 11.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GTEK has performed better with a 27.58% return vs 17.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GTEK is cheaper with a 0.75% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.29%, compared with 0.00% for GTEK.
GTEK is categorized as Technology Equities, while DBE is Oil & Gas. They also come from different issuers: Goldman Sachs and Invesco. Their fees differ too: 0.75% for GTEK and 0.78% for DBE.
GTEK currently has the higher Sharpe Ratio (1.80 vs 1.61), 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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