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IGM vs. DBE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGM vs. DBE

Last updated Jun 4, 2026

IGM (iShares Expanded Tech Sector ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - IGM is a Technology Equities fund tracking the S&P North American Expanded Technology Sector Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, IGM returned 25.19%/yr vs 12.03%/yr for DBE. At a 0.22 correlation, their price movements are largely independent. IGM charges 0.39%/yr vs 0.78%/yr for DBE.

Performance

IGM vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Expanded Tech Sector ETF (IGM) 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, IGM achieves a 31.32% return, which is significantly lower than DBE's 83.68% return. Over the past 10 years, IGM has outperformed DBE with an annualized return of 25.19%, while DBE has yielded a comparatively lower 12.03% annualized return.

IGM

1D
-0.84%
1M
16.93%
YTD
31.32%
6M
29.19%
1Y
62.26%
3Y*
39.18%
5Y*
22.04%
10Y*
25.19%

DBE

1D
2.33%
1M
-5.45%
YTD
83.68%
6M
74.95%
1Y
84.41%
3Y*
23.42%
5Y*
19.66%
10Y*
12.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IGM vs. DBE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IGM
iShares Expanded Tech Sector ETF		31.32%26.76%36.99%60.68%-35.83%25.72%45.11%41.81%2.26%37.20%
DBE
Invesco DB Energy Fund		83.68%-2.17%2.96%-12.14%33.77%57.56%-25.91%19.72%-12.95%5.21%

Correlation

The correlation between IGM and DBE is -0.27, 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

-0.27

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

-0.06

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

0.05

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

0.13

Correlation (All Time)
Calculated using the full available price history since Jan 8, 2007

0.22

The correlation between IGM and DBE shifts across timeframes, from -0.27 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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

iShares Expanded Tech Sector ETF

Invesco DB Energy Fund

Often compared with IGM:
IGM vs. QQQIGM vs. VGTIGM vs. IYWIGM vs. XLKIGM vs. IXNIGM vs. VOOIGM vs. IETC
Often compared with DBE:
DBE vs. DBBDBE vs. XLEDBE vs. VDEDBE vs. COMTDBE vs. XLKDBE vs. GLDDBE vs. TIP

Return for Risk

IGM vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IGM
IGM Risk / Return Rank: 7979
Overall Rank
IGM Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
IGM Sortino Ratio Rank: 8383
Sortino Ratio Rank
IGM Omega Ratio Rank: 8181
Omega Ratio Rank
IGM Calmar Ratio Rank: 7474
Calmar Ratio Rank
IGM Martin Ratio Rank: 7070
Martin Ratio Rank
DBE
DBE Risk / Return Rank: 7171
Overall Rank
DBE Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
DBE Sortino Ratio Rank: 6363
Sortino Ratio Rank
DBE Omega Ratio Rank: 6565
Omega Ratio Rank
DBE Calmar Ratio Rank: 9191
Calmar Ratio Rank
DBE Martin Ratio Rank: 6363
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.

IGM vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech Sector ETF (IGM) 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.

IGMDBEDifference
Sharpe ratioReturn per unit of total volatility
3.07
2.43

+0.64

Sortino ratioReturn per unit of downside risk
3.78
2.96

+0.82

Omega ratioGain probability vs. loss probability

1.50

1.40

+0.10

Calmar ratioReturn relative to maximum drawdown

3.81

5.89

-2.08

Martin ratioReturn relative to average drawdown

13.36

11.53

+1.83

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

IGM vs. DBE - Sharpe Ratio Comparison

The current IGM Sharpe Ratio is 3.07, which is comparable to the DBE Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of IGM 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

IGMDBEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.07

2.43

+0.64

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.86

0.67

+0.19

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.03

0.43

+0.60

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.09

+0.39

Drawdowns

IGM vs. DBE - Drawdown Comparison

The maximum IGM drawdown since its inception was -65.59%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for IGM and DBE.

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Drawdown Indicators

IGMDBEDifference

Max Drawdown

Largest peak-to-trough decline

-65.59%

-86.69%

+21.10%

Max Drawdown (1Y)

Largest decline over 1 year

-16.44%

-14.41%

-2.03%

Max Drawdown (3Y)

Largest decline over 3 years

-26.39%

-23.89%

-2.50%

Max Drawdown (5Y)

Largest decline over 5 years

-40.68%

-38.74%

-1.94%

Max Drawdown (10Y)

Largest decline over 10 years

-40.68%

-60.84%

+20.16%

Current Drawdown

Current decline from peak

-0.84%

-30.27%

+29.43%

Average Drawdown

Average peak-to-trough decline

-15.23%

-57.31%

+42.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.67%

7.35%

-2.68%

Volatility

IGM vs. DBE - Volatility Comparison

The current volatility for iShares Expanded Tech Sector ETF (IGM) is 6.10%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that IGM 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

IGMDBEDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.10%

12.95%

-6.85%

Volatility (6M)

Calculated over the trailing 6-month period

16.08%

30.86%

-14.78%

Volatility (1Y)

Calculated over the trailing 1-year period

20.43%

34.97%

-14.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.68%

29.39%

-3.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.54%

28.33%

-3.79%

IGM vs. DBE - Expense Ratio Comparison

IGM has a 0.39% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

IGM vs. DBE - Dividend Comparison

IGM's dividend yield for the trailing twelve months is around 0.12%, less than DBE's 2.10% yield.

PositionTTM20252024202320222021202020192018201720162015
DBE
Invesco DB Energy Fund		2.10%3.86%6.32%3.87%0.75%0.00%0.00%1.79%1.67%0.00%0.00%0.00%
IGM
iShares Expanded Tech Sector ETF		0.12%0.17%0.22%0.33%0.66%0.16%0.32%0.50%0.57%0.57%0.90%0.79%

Frequently Asked Questions

IGM and DBE have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DBE has higher volatility (12.95%) compared to IGM (6.10%). In terms of maximum drawdown, IGM dropped -65.59% vs DBE's -86.69%.

On 10-year performance, IGM leads with 25.19% vs 12.03% for DBE. On fees, IGM is cheaper at 0.39% per year. On volatility, IGM has been the lower-risk option at 6.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IGM has performed better with a 25.19% return vs 12.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IGM is cheaper with a 0.39% expense ratio, compared with 0.78% for DBE.

DBE has the higher dividend yield at 2.10%, compared with 0.12% for IGM.

IGM is categorized as Technology Equities, while DBE is Oil & Gas. IGM tracks S&P North American Expanded Technology Sector Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.39% for IGM and 0.78% for DBE.

IGM currently has the higher Sharpe Ratio (3.07 vs 2.43), 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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