IDMO vs. DBE
IDMO (Invesco S&P International Developed Momentum ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, IDMO returned 12.61%/yr vs 12.24%/yr for DBE. Their 0.16 correlation means their historical movements had little consistent relationship. IDMO charges 0.25%/yr vs 0.78%/yr for DBE.
Performance
IDMO vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, IDMO achieves a 11.63% return, which is significantly lower than DBE's 71.26% return. Both investments have delivered pretty close results over the past 10 years, with IDMO having a 12.61% annualized return and DBE not far behind at 12.24%.
IDMO
- 1D
- 0.87%
- 1M
- 1.71%
- 6M
- 6.31%
- YTD
- 11.63%
- 1Y
- 25.73%
- 3Y*
- 26.07%
- 5Y*
- 15.23%
- 10Y*
- 12.61%
- ALL TIME*
- 9.11%
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 | |
| $21.90M | $20.27M | $22.82M |
IDMO vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDMO Invesco S&P International Developed Momentum ETF | 11.63% | 42.17% | 12.79% | 20.16% | -12.03% | 14.31% | 22.01% | 26.09% | -16.66% | 29.21% |
DBE Invesco DB Energy Fund | 71.26% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between IDMO and DBE is -0.35, 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. | -0.35 |
Correlation (3Y) Balances recent behavior with more history. | -0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012 | 0.16 |
The correlation between IDMO and DBE shifts across timeframes, from -0.35 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IDMO vs. DBE — Risk / Return Rank
IDMO
DBE
IDMO vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed Momentum ETF (IDMO) 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.
| IDMO | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.28 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.50 | -0.40 |
| Martin ratioReturn relative to average drawdown | 8.02 | 7.82 | +0.20 |
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Drawdowns
IDMO vs. DBE - Drawdown Comparison
The maximum IDMO drawdown since its inception was -39.38%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for IDMO and DBE.
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Drawdown Indicators
| IDMO | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.38% | -86.69% | +47.31% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -24.72% | +12.41% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | -24.72% | +12.07% |
Max Drawdown (5Y)Largest decline over 5 years | -27.07% | -38.74% | +11.67% |
Max Drawdown (10Y)Largest decline over 10 years | -31.34% | -60.84% | +29.50% |
Current DrawdownCurrent decline from peak | -0.95% | -34.98% | +34.03% |
Average DrawdownAverage peak-to-trough decline | -9.68% | -57.13% | +47.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 7.90% | -4.68% |
Volatility
IDMO vs. DBE - Volatility Comparison
The current volatility for Invesco S&P International Developed Momentum ETF (IDMO) is 7.16%, while Invesco DB Energy Fund (DBE) has a volatility of 15.07%. This indicates that IDMO 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
| IDMO | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 15.07% | -7.91% |
Volatility (6M)Calculated over the trailing 6-month period | 17.53% | 34.26% | -16.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.24% | 37.66% | -18.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.24% | 30.15% | -11.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 28.60% | -10.63% |
IDMO vs. DBE - Expense Ratio Comparison
IDMO has a 0.25% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
IDMO vs. DBE - Dividend Comparison
IDMO's dividend yield for the trailing twelve months is around 3.58%, more than DBE's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.26% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% | 0.00% |
IDMO Invesco S&P International Developed Momentum ETF | 3.58% | 3.71% | 2.24% | 2.89% | 3.66% | 1.81% | 1.63% | 2.78% | 3.27% | 3.08% | 2.18% | 2.52% |
Frequently Asked Questions
IDMO and DBE have a correlation of -0.35, 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 IDMO (7.16%). In terms of maximum drawdown, IDMO dropped -39.38% vs DBE's -86.69%.
On 10-year performance, IDMO leads with 12.61% vs 12.24% for DBE. On fees, IDMO is cheaper at 0.25% per year. On volatility, IDMO has been the lower-risk option at 7.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IDMO has performed better with a 12.61% return vs 12.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDMO is cheaper with a 0.25% expense ratio, compared with 0.78% for DBE.
IDMO has the higher dividend yield at 3.58%, compared with 2.26% for DBE.
IDMO is categorized as Momentum, while DBE is Oil & Gas. IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while DBE tracks DBIQ Optimum Yield Energy Index. Their fees differ too: 0.25% for IDMO and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.64 vs 1.35), 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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