IDEV vs. DBE
IDEV (iShares Core MSCI International Developed Markets ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - IDEV is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Investable Market Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, IDEV returned 9.50%/yr vs 16.54%/yr for DBE. Their 0.20 correlation means their historical movements had little consistent relationship. IDEV charges 0.05%/yr vs 0.78%/yr for DBE.
Performance
IDEV vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, IDEV achieves a 13.64% return, which is significantly lower than DBE's 63.53% return.
IDEV
- 1D
- 0.35%
- 1M
- 2.08%
- 6M
- 7.33%
- YTD
- 13.64%
- 1Y
- 26.00%
- 3Y*
- 18.50%
- 5Y*
- 9.50%
- 10Y*
- —
- ALL TIME*
- 9.74%
DBE
- 1D
- -0.24%
- 1M
- 9.43%
- 6M
- 46.31%
- YTD
- 63.53%
- 1Y
- 57.60%
- 3Y*
- 13.46%
- 5Y*
- 16.54%
- 10Y*
- 11.73%
- ALL TIME*
- 2.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.42M | $1.12M | $1.57M | |
| $130.72M | $119.28M | $127.09M |
IDEV vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDEV iShares Core MSCI International Developed Markets ETF | 13.64% | 32.56% | 4.54% | 17.36% | -14.99% | 13.00% | 8.32% | 23.12% | -14.10% | 17.43% |
DBE Invesco DB Energy Fund | 63.53% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 20.48% |
Correlation
The correlation between IDEV and DBE is -0.36, 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. | -0.36 |
Correlation (3Y) Balances recent behavior with more history. | -0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2017 | 0.20 |
The correlation between IDEV and DBE shifts across timeframes, from -0.36 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IDEV vs. DBE — Risk / Return Rank
IDEV
DBE
IDEV vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI International Developed Markets ETF (IDEV) 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.
| IDEV | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.26 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 2.34 | -0.01 |
| Martin ratioReturn relative to average drawdown | 9.20 | 7.22 | +1.98 |
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Drawdowns
IDEV vs. DBE - Drawdown Comparison
The maximum IDEV drawdown since its inception was -34.77%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for IDEV and DBE.
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Drawdown Indicators
| IDEV | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.77% | -86.69% | +51.92% |
Max Drawdown (1Y)Largest decline over 1 year | -11.20% | -24.72% | +13.52% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -24.72% | +11.31% |
Max Drawdown (5Y)Largest decline over 5 years | -29.15% | -38.74% | +9.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | 0.00% | -37.92% | +37.92% |
Average DrawdownAverage peak-to-trough decline | -6.46% | -57.12% | +50.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 8.00% | -5.17% |
Volatility
IDEV vs. DBE - Volatility Comparison
The current volatility for iShares Core MSCI International Developed Markets ETF (IDEV) is 4.19%, while Invesco DB Energy Fund (DBE) has a volatility of 15.65%. This indicates that IDEV 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
| IDEV | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 15.65% | -11.46% |
Volatility (6M)Calculated over the trailing 6-month period | 13.14% | 33.76% | -20.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 37.85% | -22.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.37% | 30.19% | -13.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.24% | 28.63% | -11.39% |
IDEV vs. DBE - Expense Ratio Comparison
IDEV has a 0.05% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
IDEV vs. DBE - Dividend Comparison
IDEV's dividend yield for the trailing twelve months is around 3.11%, more than DBE's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.36% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% |
IDEV iShares Core MSCI International Developed Markets ETF | 3.11% | 3.40% | 3.30% | 3.07% | 2.69% | 3.05% | 2.00% | 3.18% | 3.16% | 1.54% |
Frequently Asked Questions
IDEV and DBE have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (15.65%) compared to IDEV (4.19%). In terms of maximum drawdown, IDEV dropped -34.77% vs DBE's -86.69%.
On 5-year performance, DBE leads with 16.54% vs 9.50% for IDEV. On fees, IDEV is cheaper at 0.05% per year. On volatility, IDEV has been the lower-risk option at 4.19%. 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 16.54% return vs 9.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDEV is cheaper with a 0.05% expense ratio, compared with 0.78% for DBE.
IDEV has the higher dividend yield at 3.11%, compared with 2.36% for DBE.
IDEV is categorized as Foreign Large Cap Equities, while DBE is Oil & Gas. IDEV tracks MSCI World ex USA Investable Market Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.05% for IDEV and 0.78% for DBE.
IDEV currently has the higher Sharpe Ratio (1.72 vs 1.53), 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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