HYDR vs. DBE
HYDR (Global X Hydrogen ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - HYDR is a Alternative Energy Equities fund tracking the Solactive Global Hydrogen Index - Benchmark TR Net, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 3 years, HYDR returned 14.46%/yr vs 22.41%/yr for DBE. At a 0.08 correlation, their price movements are largely independent. HYDR charges 0.50%/yr vs 0.78%/yr for DBE.
Performance
HYDR vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, HYDR achieves a 101.95% return, which is significantly higher than DBE's 79.04% return.
HYDR
- 1D
- -3.90%
- 1M
- 2.47%
- YTD
- 101.95%
- 6M
- 76.41%
- 1Y
- 232.59%
- 3Y*
- 14.46%
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- -2.52%
- 1M
- -6.01%
- YTD
- 79.04%
- 6M
- 69.31%
- 1Y
- 81.31%
- 3Y*
- 22.41%
- 5Y*
- 19.05%
- 10Y*
- 11.58%
HYDR vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HYDR Global X Hydrogen ETF | 101.95% | 43.73% | -33.08% | -36.49% | -47.24% | -13.89% |
DBE Invesco DB Energy Fund | 79.04% | -2.17% | 2.96% | -12.14% | 33.77% | 9.35% |
Correlation
The correlation between HYDR and DBE is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021 | 0.08 |
The correlation between HYDR and DBE shifts across timeframes, from -0.17 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYDR vs. DBE — Risk / Return Rank
HYDR
DBE
HYDR vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen ETF (HYDR) 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.
| HYDR | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.39 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 7.87 | 5.67 | +2.19 |
| Martin ratioReturn relative to average drawdown | 18.50 | 11.08 | +7.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYDR | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.32 | 2.33 | +1.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | 0.09 | -0.33 |
Drawdowns
HYDR vs. DBE - Drawdown Comparison
The maximum HYDR drawdown since its inception was -89.28%, roughly equal to the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for HYDR and DBE.
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Drawdown Indicators
| HYDR | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.28% | -86.69% | -2.59% |
Max Drawdown (1Y)Largest decline over 1 year | -29.76% | -14.41% | -15.35% |
Max Drawdown (3Y)Largest decline over 3 years | -70.32% | -23.89% | -46.43% |
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 | -53.63% | -32.03% | -21.60% |
Average DrawdownAverage peak-to-trough decline | -64.20% | -57.30% | -6.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.64% | 7.37% | +5.27% |
Volatility
HYDR vs. DBE - Volatility Comparison
Global X Hydrogen ETF (HYDR) has a higher volatility of 18.28% compared to Invesco DB Energy Fund (DBE) at 13.05%. This indicates that HYDR'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.
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Volatility by Period
| HYDR | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.28% | 13.05% | +5.23% |
Volatility (6M)Calculated over the trailing 6-month period | 35.72% | 30.97% | +4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.22% | 35.07% | +19.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.24% | 29.41% | +17.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.24% | 28.34% | +18.90% |
HYDR vs. DBE - Expense Ratio Comparison
HYDR has a 0.50% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
HYDR vs. DBE - Dividend Comparison
HYDR's dividend yield for the trailing twelve months is around 1.89%, less than DBE's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.16% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
HYDR Global X Hydrogen ETF | 1.89% | 3.82% | 0.40% | 0.00% | 0.00% | 0.06% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYDR and DBE have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYDR has higher volatility (18.28%) compared to DBE (13.05%). In terms of maximum drawdown, HYDR dropped -89.28% vs DBE's -86.69%.
On 3-year performance, DBE leads with 22.41% vs 14.46% for HYDR. On fees, HYDR is cheaper at 0.50% per year. On volatility, DBE has been the lower-risk option at 13.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DBE has performed better with a 22.41% return vs 14.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYDR is cheaper with a 0.50% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.16%, compared with 1.89% for HYDR.
HYDR is categorized as Alternative Energy Equities, while DBE is Oil & Gas. HYDR tracks Solactive Global Hydrogen Index - Benchmark TR Net, 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 HYDR and 0.78% for DBE.
HYDR currently has the higher Sharpe Ratio (4.32 vs 2.33), 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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