IDUB vs. DBE

Last updated Jun 24, 2026

IDUB (Aptus International Enhanced Yield ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - IDUB is a Long-Short fund actively managed by Aptus, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. IDUB is actively managed, while DBE is passively managed. Over the past 3 years, IDUB returned 17.49%/yr vs 16.83%/yr for DBE. At a 0.08 correlation, their price movements are largely independent. IDUB charges 0.45%/yr vs 0.78%/yr for DBE.

Performance

IDUB vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus International Enhanced Yield ETF (IDUB) 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, IDUB achieves a 14.34% return, which is significantly lower than DBE's 53.97% return.

IDUB

• 1D: -2.69%
• 1M: 0.48%
• YTD: 14.34%
• 6M: 14.11%
• 1Y: 31.78%
• 3Y*: 17.49%
• 5Y*: —
• 10Y*: —

DBE

• 1D: -0.63%
• 1M: -16.23%
• YTD: 53.97%
• 6M: 50.93%
• 1Y: 43.95%
• 3Y*: 16.83%
• 5Y*: 14.66%
• 10Y*: 10.12%

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

IDUB vs. DBE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IDUB Aptus International Enhanced Yield ETF	14.34%	27.53%	6.12%	9.07%	-19.79%	-1.16%
DBE Invesco DB Energy Fund	53.97%	-2.17%	2.96%	-12.14%	33.77%	9.98%

Correlation

The correlation between IDUB and DBE is -0.36, 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	-0.36
Correlation (3Y) Calculated over the trailing 3-year period	-0.08
Correlation (All Time) Calculated using the full available price history since Jul 23, 2021	0.08

The correlation between IDUB and DBE shifts across timeframes, from -0.36 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IDUB vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IDUB

IDUB Risk / Return Rank: 63
IDUB Sharpe Ratio Rank: 63
IDUB Sortino Ratio Rank: 62
IDUB Omega Ratio Rank: 65
IDUB Calmar Ratio Rank: 60
IDUB Martin Ratio Rank: 64

DBE

DBE Risk / Return Rank: 40
DBE Sharpe Ratio Rank: 37
DBE Sortino Ratio Rank: 37
DBE Omega Ratio Rank: 37
DBE Calmar Ratio Rank: 44
DBE Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IDUB vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus International Enhanced Yield ETF (IDUB) 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.

	IDUB	DBE	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.27	+0.67
Sortino ratio: Return per unit of downside risk	2.67	1.84	+0.83
Omega ratio: Gain probability vs. loss probability	1.36	1.23	+0.13
Calmar ratio: Return relative to maximum drawdown	2.79	2.07	+0.71
Martin ratio: Return relative to average drawdown	10.92	6.89	+4.03

IDUB vs. DBE - Sharpe Ratio Comparison

The current IDUB Sharpe Ratio is 1.94, which is higher than the DBE Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of IDUB 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

IDUB vs. DBE - Drawdown Comparison

The maximum IDUB drawdown since its inception was -29.20%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for IDUB and DBE.

Drawdown Indicators

	IDUB	DBE	Difference
Max Drawdown Largest peak-to-trough decline	-29.20%	-86.69%	+57.49%
Max Drawdown (1Y) Largest decline over 1 year	-11.46%	-21.28%	+9.82%
Max Drawdown (3Y) Largest decline over 3 years	-12.88%	-23.89%	+11.01%
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	-2.69%	-41.55%	+38.86%
Average Drawdown Average peak-to-trough decline	-11.06%	-57.24%	+46.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	6.42%	-3.50%

Volatility

IDUB vs. DBE - Volatility Comparison

The current volatility for Aptus International Enhanced Yield ETF (IDUB) is 6.55%, while Invesco DB Energy Fund (DBE) has a volatility of 9.37%. This indicates that IDUB 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.

Volatility by Period

	IDUB	DBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.55%	9.37%	-2.82%
Volatility (6M) Calculated over the trailing 6-month period	14.22%	31.44%	-17.22%
Volatility (1Y) Calculated over the trailing 1-year period	16.44%	35.27%	-18.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	29.58%	-14.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.80%	28.34%	-13.54%

IDUB vs. DBE - Expense Ratio Comparison

IDUB has a 0.45% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

IDUB vs. DBE - Dividend Comparison

IDUB's dividend yield for the trailing twelve months is around 5.06%, more than DBE's 2.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBE Invesco DB Energy Fund	2.51%	3.86%	6.32%	3.87%	0.75%	0.00%	0.00%	1.79%	1.67%
IDUB Aptus International Enhanced Yield ETF	5.06%	4.90%	5.64%	3.71%	2.62%	1.38%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IDUB and DBE in my portfolio?

IDUB 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.

Which is riskier, IDUB or DBE?

DBE has higher volatility (9.37%) compared to IDUB (6.55%). In terms of maximum drawdown, IDUB dropped -29.20% vs DBE's -86.69%.

Which ETF is better, IDUB or DBE?

On 3-year performance, IDUB leads with 17.49% vs 16.83% for DBE. On fees, IDUB is cheaper at 0.45% per year. On volatility, IDUB has been the lower-risk option at 6.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDUB or DBE?

Over the 3-year period, IDUB has performed better with a 17.49% return vs 16.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDUB or DBE?

IDUB is cheaper with a 0.45% expense ratio, compared with 0.78% for DBE.

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

IDUB has the higher dividend yield at 5.06%, compared with 2.51% for DBE.

What is the main difference between IDUB and DBE?

IDUB is categorized as Long-Short, while DBE is Oil & Gas. They also come from different issuers: Aptus and Invesco. Their fees differ too: 0.45% for IDUB and 0.78% for DBE.

Which has better risk-adjusted returns?

IDUB currently has the higher Sharpe Ratio (1.94 vs 1.27), 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.