IAUG vs. DBE
IAUG (Innovator International Developed Power Buffer ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - IAUG is a Defined Outcome fund actively managed by Innovator, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. IAUG is actively managed, while DBE is passively managed. Over the past year, IAUG returned 13.97% vs 61.44% for DBE. Their -0.15 correlation means they have often moved in opposite directions in the past. IAUG charges 0.85%/yr vs 0.78%/yr for DBE.
Performance
IAUG vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, IAUG achieves a 7.52% return, which is significantly lower than DBE's 71.26% return.
IAUG
- 1D
- 0.39%
- 1M
- 1.22%
- 6M
- 5.03%
- YTD
- 7.52%
- 1Y
- 13.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.10%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.27M | $1.08M | $1.67M | |
| $1.28M | $757.29K | $377.09K |
IAUG vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IAUG Innovator International Developed Power Buffer ETF | 7.52% | 17.50% | -2.26% |
DBE Invesco DB Energy Fund | 71.26% | -2.17% | -2.91% |
Correlation
The correlation between IAUG and DBE is -0.33, 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. | -0.33 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2024 | -0.15 |
The correlation between IAUG and DBE shifts across timeframes, from -0.33 (1 year) to -0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IAUG vs. DBE — Risk / Return Rank
IAUG
DBE
IAUG vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF (IAUG) 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.
| IAUG | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.28 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.50 | +0.45 |
| Martin ratioReturn relative to average drawdown | 12.60 | 7.82 | +4.78 |
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Drawdowns
IAUG vs. DBE - Drawdown Comparison
The maximum IAUG drawdown since its inception was -8.03%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for IAUG and DBE.
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Drawdown Indicators
| IAUG | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.03% | -86.69% | +78.66% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | -24.72% | +19.97% |
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 DrawdownCurrent decline from peak | 0.00% | -34.98% | +34.98% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -57.13% | +55.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 7.90% | -6.79% |
Volatility
IAUG vs. DBE - Volatility Comparison
The current volatility for Innovator International Developed Power Buffer ETF (IAUG) is 0.67%, while Invesco DB Energy Fund (DBE) has a volatility of 15.07%. This indicates that IAUG 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
| IAUG | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 15.07% | -14.40% |
Volatility (6M)Calculated over the trailing 6-month period | 4.98% | 34.26% | -29.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.44% | 37.66% | -31.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.75% | 30.15% | -21.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.75% | 28.60% | -19.85% |
IAUG vs. DBE - Expense Ratio Comparison
IAUG has a 0.85% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
IAUG vs. DBE - Dividend Comparison
IAUG has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.26%.
| 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% |
IAUG Innovator International Developed Power Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IAUG and DBE have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (15.07%) compared to IAUG (0.67%). In terms of maximum drawdown, IAUG dropped -8.03% vs DBE's -86.69%.
On 1-year performance, DBE leads with 61.44% vs 13.97% for IAUG. On fees, DBE is cheaper at 0.78% per year. On volatility, IAUG has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBE has performed better with a 61.44% return vs 13.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 0.85% for IAUG.
DBE has the higher dividend yield at 2.26%, compared with 0.00% for IAUG.
IAUG is categorized as Defined Outcome, while DBE is Oil & Gas. They also come from different issuers: Innovator and Invesco. Their fees differ too: 0.85% for IAUG and 0.78% for DBE.
IAUG currently has the higher Sharpe Ratio (2.18 vs 1.64), 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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