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IGLB vs. DBE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGLB vs. DBE

Last updated Jun 5, 2026

IGLB (iShares 10+ Year Investment Grade Corporate Bond ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - IGLB is a Corporate Bonds fund tracking the ICE BofAML10+ Year US Corporate Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, IGLB returned 2.31%/yr vs 11.58%/yr for DBE. At a correlation of -0.12, they often move in opposite directions. IGLB charges 0.06%/yr vs 0.78%/yr for DBE.

Performance

IGLB vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IGLB achieves a 1.13% return, which is significantly lower than DBE's 79.04% return. Over the past 10 years, IGLB has underperformed DBE with an annualized return of 2.31%, while DBE has yielded a comparatively higher 11.58% annualized return.

IGLB

1D
0.28%
1M
1.05%
YTD
1.13%
6M
0.43%
1Y
6.93%
3Y*
4.72%
5Y*
-1.60%
10Y*
2.31%

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

IGLB vs. DBE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IGLB
iShares 10+ Year Investment Grade Corporate Bond ETF		1.13%7.53%-1.50%11.03%-25.38%-1.68%13.30%23.19%-6.90%12.15%
DBE
Invesco DB Energy Fund		79.04%-2.17%2.96%-12.14%33.77%57.56%-25.91%19.72%-12.95%5.21%

Correlation

The correlation between IGLB and DBE is -0.40, 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

-0.40

Correlation (3Y)
Calculated over the trailing 3-year period

-0.20

Correlation (5Y)
Calculated over the trailing 5-year period

-0.13

Correlation (10Y)
Calculated over the trailing 10-year period

-0.08

Correlation (All Time)
Calculated using the full available price history since Dec 10, 2009

-0.12

Over the past year, the inverse relationship between IGLB and DBE has strengthened: their correlation has moved from -0.12 to -0.40, meaning they now move in opposite directions more often than their long-term average.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares 10+ Year Investment Grade Corporate Bond ETF

Invesco DB Energy Fund

Often compared with IGLB:
IGLB vs. VCLTIGLB vs. IGEBIGLB vs. SGOVIGLB vs. TLTIGLB vs. SPLBIGLB vs. LQDIGLB vs. GTO
Often compared with DBE:
DBE vs. DBBDBE vs. XLEDBE vs. VDEDBE vs. XLKDBE vs. COMTDBE vs. GLDDBE vs. TIP

Return for Risk

IGLB vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IGLB
IGLB Risk / Return Rank: 2626
Overall Rank
IGLB Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
IGLB Sortino Ratio Rank: 2525
Sortino Ratio Rank
IGLB Omega Ratio Rank: 2424
Omega Ratio Rank
IGLB Calmar Ratio Rank: 2828
Calmar Ratio Rank
IGLB Martin Ratio Rank: 2626
Martin Ratio Rank
DBE
DBE Risk / Return Rank: 7171
Overall Rank
DBE Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
DBE Sortino Ratio Rank: 6262
Sortino Ratio Rank
DBE Omega Ratio Rank: 6565
Omega Ratio Rank
DBE Calmar Ratio Rank: 9191
Calmar Ratio Rank
DBE Martin Ratio Rank: 6262
Martin Ratio Rank
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.

IGLB vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) 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.

IGLBDBEDifference
Sharpe ratioReturn per unit of total volatility
0.90
2.33

-1.44

Sortino ratioReturn per unit of downside risk
1.31
2.87

-1.56

Omega ratioGain probability vs. loss probability

1.16

1.39

-0.23

Calmar ratioReturn relative to maximum drawdown

1.34

5.67

-4.33

Martin ratioReturn relative to average drawdown

3.37

11.08

-7.71

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGLB vs. DBE - Sharpe Ratio Comparison

The current IGLB Sharpe Ratio is 0.90, which is lower than the DBE Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of IGLB 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.

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Sharpe Ratios by Period

IGLBDBEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.90

2.33

-1.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.13

0.65

-0.78

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.19

0.41

-0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.38

0.09

+0.29

Drawdowns

IGLB vs. DBE - Drawdown Comparison

The maximum IGLB drawdown since its inception was -34.12%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for IGLB and DBE.

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Drawdown Indicators

IGLBDBEDifference

Max Drawdown

Largest peak-to-trough decline

-34.12%

-86.69%

+52.57%

Max Drawdown (1Y)

Largest decline over 1 year

-5.19%

-14.41%

+9.22%

Max Drawdown (3Y)

Largest decline over 3 years

-12.87%

-23.89%

+11.02%

Max Drawdown (5Y)

Largest decline over 5 years

-34.12%

-38.74%

+4.62%

Max Drawdown (10Y)

Largest decline over 10 years

-34.12%

-60.84%

+26.72%

Current Drawdown

Current decline from peak

-13.46%

-32.03%

+18.57%

Average Drawdown

Average peak-to-trough decline

-8.11%

-57.30%

+49.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.06%

7.37%

-5.31%

Volatility

IGLB vs. DBE - Volatility Comparison

The current volatility for iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) is 2.25%, while Invesco DB Energy Fund (DBE) has a volatility of 13.05%. This indicates that IGLB 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

IGLBDBEDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.25%

13.05%

-10.80%

Volatility (6M)

Calculated over the trailing 6-month period

5.70%

30.97%

-25.27%

Volatility (1Y)

Calculated over the trailing 1-year period

7.84%

35.07%

-27.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.39%

29.41%

-17.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.53%

28.34%

-15.81%

IGLB vs. DBE - Expense Ratio Comparison

IGLB has a 0.06% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

IGLB vs. DBE - Dividend Comparison

IGLB's dividend yield for the trailing twelve months is around 5.25%, more than DBE's 2.16% yield.

PositionTTM20252024202320222021202020192018201720162015
DBE
Invesco DB Energy Fund		2.16%3.86%6.32%3.87%0.75%0.00%0.00%1.79%1.67%0.00%0.00%0.00%
IGLB
iShares 10+ Year Investment Grade Corporate Bond ETF		5.25%5.14%5.10%4.59%4.56%3.16%3.22%3.73%4.56%3.94%4.21%4.58%

Frequently Asked Questions

IGLB and DBE have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DBE has higher volatility (13.05%) compared to IGLB (2.25%). In terms of maximum drawdown, IGLB dropped -34.12% vs DBE's -86.69%.

On 10-year performance, DBE leads with 11.58% vs 2.31% for IGLB. On fees, IGLB is cheaper at 0.06% per year. On volatility, IGLB has been the lower-risk option at 2.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DBE has performed better with a 11.58% return vs 2.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IGLB is cheaper with a 0.06% expense ratio, compared with 0.78% for DBE.

IGLB has the higher dividend yield at 5.25%, compared with 2.16% for DBE.

IGLB is categorized as Corporate Bonds, while DBE is Oil & Gas. IGLB tracks ICE BofAML10+ Year US Corporate Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.06% for IGLB and 0.78% for DBE.

DBE currently has the higher Sharpe Ratio (2.33 vs 0.90), 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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