GXTG vs. DBE
GXTG (Global X Thematic Growth ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - GXTG is a Global Equities fund tracking the Solactive Thematic Growth Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, GXTG returned -12.79%/yr vs 16.46%/yr for DBE. Their 0.12 correlation means their historical movements had little consistent relationship. GXTG charges 0.50%/yr vs 0.78%/yr for DBE.
Performance
GXTG vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, GXTG achieves a 1.80% return, which is significantly lower than DBE's 63.93% return.
GXTG
- 1D
- 3.13%
- 1M
- -3.78%
- 6M
- -0.36%
- YTD
- 1.80%
- 1Y
- -4.66%
- 3Y*
- -2.08%
- 5Y*
- -12.79%
- 10Y*
- —
- ALL TIME*
- 0.19%
DBE
- 1D
- -4.28%
- 1M
- 11.01%
- 6M
- 47.49%
- YTD
- 63.93%
- 1Y
- 55.67%
- 3Y*
- 13.55%
- 5Y*
- 16.46%
- 10Y*
- 11.75%
- ALL TIME*
- 2.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.35M | $1.09M | $1.64M | |
| $123.03K | $106.22K | $198.85K |
GXTG vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GXTG Global X Thematic Growth ETF | 1.80% | 3.52% | -3.55% | 10.26% | -48.08% | 3.21% | 61.07% | 4.74% |
DBE Invesco DB Energy Fund | 63.93% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 5.93% |
Correlation
The correlation between GXTG and DBE is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.20 |
Correlation (3Y) Balances recent behavior with more history. | -0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2019 | 0.12 |
The correlation between GXTG and DBE shifts across timeframes, from -0.20 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GXTG vs. DBE — Risk / Return Rank
GXTG
DBE
GXTG vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Thematic Growth ETF (GXTG) 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.
| GXTG | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.26 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 2.26 | -2.42 |
| Martin ratioReturn relative to average drawdown | -0.37 | 7.03 | -7.40 |
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Drawdowns
GXTG vs. DBE - Drawdown Comparison
The maximum GXTG drawdown since its inception was -67.81%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for GXTG and DBE.
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Drawdown Indicators
| GXTG | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.81% | -86.69% | +18.88% |
Max Drawdown (1Y)Largest decline over 1 year | -29.14% | -24.72% | -4.42% |
Max Drawdown (3Y)Largest decline over 3 years | -29.14% | -24.72% | -4.42% |
Max Drawdown (5Y)Largest decline over 5 years | -61.17% | -38.74% | -22.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -59.76% | -37.77% | -21.99% |
Average DrawdownAverage peak-to-trough decline | -43.43% | -57.12% | +13.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.71% | 7.95% | +4.76% |
Volatility
GXTG vs. DBE - Volatility Comparison
The current volatility for Global X Thematic Growth ETF (GXTG) is 13.53%, while Invesco DB Energy Fund (DBE) has a volatility of 15.88%. This indicates that GXTG 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.
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Volatility by Period
| GXTG | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.53% | 15.88% | -2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 25.87% | 33.82% | -7.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.66% | 37.86% | -6.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.78% | 30.19% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.15% | 28.64% | +1.51% |
GXTG vs. DBE - Expense Ratio Comparison
GXTG has a 0.50% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
GXTG vs. DBE - Dividend Comparison
GXTG's dividend yield for the trailing twelve months is around 1.47%, less than DBE's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.36% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
GXTG Global X Thematic Growth ETF | 1.47% | 1.40% | 1.08% | 1.99% | 1.48% | 1.56% | 0.48% | 0.31% | 0.00% |
Frequently Asked Questions
GXTG and DBE have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (15.88%) compared to GXTG (13.53%). In terms of maximum drawdown, GXTG dropped -67.81% vs DBE's -86.69%.
On 5-year performance, DBE leads with 16.46% vs -12.79% for GXTG. On fees, GXTG is cheaper at 0.50% per year. On volatility, GXTG has been the lower-risk option at 13.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBE has performed better with a 16.46% return vs -12.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GXTG is cheaper with a 0.50% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.36%, compared with 1.47% for GXTG.
GXTG is categorized as Global Equities, while DBE is Oil & Gas. GXTG tracks Solactive Thematic Growth Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.50% for GXTG and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.48 vs -0.15), 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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