HOOW vs. DBE

Last updated Aug 4, 2026

HOOW (Roundhill HOOD WeeklyPay ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - HOOW is a Leveraged Equities fund actively managed by Roundhill, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. HOOW is actively managed, while DBE is passively managed. Over the past year, HOOW returned -20.32% vs 61.44% for DBE. Their -0.19 correlation means they have often moved in opposite directions in the past. HOOW charges 0.99%/yr vs 0.78%/yr for DBE.

Performance

HOOW vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill HOOD WeeklyPay ETF (HOOW) 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, HOOW achieves a -28.14% return, which is significantly lower than DBE's 71.26% return.

HOOW

• 1D: 5.18%
• 1M: -24.05%
• 6M: -4.87%
• YTD: -28.14%
• 1Y: -20.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.54%

DBE

• 1D: -4.26%
• 1M: 15.98%
• 6M: 57.84%
• YTD: 71.26%
• 1Y: 61.44%
• 3Y*: 15.22%
• 5Y*: 17.82%
• 10Y*: 12.24%
• ALL TIME*: 2.29%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DBE Invesco DB Energy Fund	$1.27M	$1.08M	$1.67M
HOOW Roundhill HOOD WeeklyPay ETF	$4.59M	$5.25M	$5.35M

HOOW vs. DBE - Yearly Performance Comparison

	2026 (YTD)	2025
HOOW Roundhill HOOD WeeklyPay ETF	-28.14%	52.60%
DBE Invesco DB Energy Fund	71.26%	-11.17%

Correlation

The correlation between HOOW and DBE is -0.21, 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.	-0.21
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	-0.19

Return for Risk

HOOW vs. DBE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HOOW

HOOW Risk / Return Rank: 9
HOOW Sharpe Ratio Rank: 8
HOOW Sortino Ratio Rank: 12
HOOW Omega Ratio Rank: 12
HOOW Calmar Ratio Rank: 7
HOOW Martin Ratio Rank: 8

DBE

DBE Risk / Return Rank: 66
DBE Sharpe Ratio Rank: 70
DBE Sortino Ratio Rank: 66
DBE Omega Ratio Rank: 64
DBE Calmar Ratio Rank: 69
DBE Martin Ratio Rank: 63

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HOOW vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill HOOD WeeklyPay ETF (HOOW) 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.

	HOOW	DBE	Difference
Sharpe ratio: Return per unit of total volatility	-0.24	1.64	-1.88
Sortino ratio: Return per unit of downside risk	0.23	2.23	-2.00
Omega ratio: Gain probability vs. loss probability	1.03	1.28	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.31	2.50	-2.81
Martin ratio: Return relative to average drawdown	-0.50	7.82	-8.32

HOOW vs. DBE - Sharpe Ratio Comparison

The current HOOW Sharpe Ratio is -0.24, which is lower than the DBE Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of HOOW 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

HOOW vs. DBE - Drawdown Comparison

The maximum HOOW drawdown since its inception was -65.74%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for HOOW and DBE.

Drawdown Indicators

	HOOW	DBE	Difference
Max Drawdown Largest peak-to-trough decline	-65.74%	-86.69%	+20.95%
Max Drawdown (1Y) Largest decline over 1 year	-65.74%	-24.72%	-41.02%
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	-51.20%	-34.98%	-16.22%
Average Drawdown Average peak-to-trough decline	-31.22%	-57.13%	+25.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.64%	7.90%	+32.74%

Volatility

HOOW vs. DBE - Volatility Comparison

Roundhill HOOD WeeklyPay ETF (HOOW) has a higher volatility of 21.30% compared to Invesco DB Energy Fund (DBE) at 15.07%. This indicates that HOOW's price experiences larger fluctuations and is considered to be riskier than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOOW	DBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.30%	15.07%	+6.23%
Volatility (6M) Calculated over the trailing 6-month period	65.66%	34.26%	+31.40%
Volatility (1Y) Calculated over the trailing 1-year period	85.14%	37.66%	+47.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.73%	30.15%	+53.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.73%	28.60%	+55.13%

HOOW vs. DBE - Expense Ratio Comparison

HOOW has a 0.99% expense ratio, which is higher than DBE's 0.78% expense ratio.

Dividends

HOOW vs. DBE - Dividend Comparison

HOOW's dividend yield for the trailing twelve months is around 162.58%, more than DBE's 2.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBE Invesco DB Energy Fund	2.26%	3.86%	6.32%	3.87%	0.75%	0.00%	0.00%	1.79%	1.67%
HOOW Roundhill HOOD WeeklyPay ETF	162.58%	67.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HOOW and DBE in my portfolio?

HOOW 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.

Which is riskier, HOOW or DBE?

HOOW has higher volatility (21.30%) compared to DBE (15.07%). In terms of maximum drawdown, HOOW dropped -65.74% vs DBE's -86.69%.

Which ETF is better, HOOW or DBE?

On 1-year performance, DBE leads with 61.44% vs -20.32% for HOOW. On fees, DBE is cheaper at 0.78% per year. On volatility, DBE has been the lower-risk option at 15.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOW or DBE?

Over the 1-year period, DBE has performed better with a 61.44% return vs -20.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOOW or DBE?

DBE is cheaper with a 0.78% expense ratio, compared with 0.99% for HOOW.

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

HOOW has the higher dividend yield at 162.58%, compared with 2.26% for DBE.

What is the main difference between HOOW and DBE?

HOOW is categorized as Leveraged Equities, while DBE is Oil & Gas. They also come from different issuers: Roundhill and Invesco. Their fees differ too: 0.99% for HOOW and 0.78% for DBE.

Which has better risk-adjusted returns?

DBE currently has the higher Sharpe Ratio (1.64 vs -0.24), 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.