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IGPT vs. DBE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGPT vs. DBE

Last updated Jun 4, 2026

IGPT (Invesco AI and Next Gen Software ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - IGPT is a Technology Equities fund tracking the STOXX World AC NexGen Software Development Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, IGPT returned 22.30%/yr vs 12.03%/yr for DBE. At a 0.19 correlation, their price movements are largely independent. IGPT charges 0.60%/yr vs 0.78%/yr for DBE.

Performance

IGPT vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco AI and Next Gen Software ETF (IGPT) 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, IGPT achieves a 72.49% return, which is significantly lower than DBE's 83.68% return. Over the past 10 years, IGPT has outperformed DBE with an annualized return of 22.30%, while DBE has yielded a comparatively lower 12.03% annualized return.

IGPT

1D
0.39%
1M
28.39%
YTD
72.49%
6M
75.56%
1Y
123.95%
3Y*
43.05%
5Y*
15.89%
10Y*
22.30%

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)

IGPT vs. DBE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IGPT
Invesco AI and Next Gen Software ETF		72.49%31.55%17.15%27.29%-27.73%-11.79%54.31%35.06%16.38%34.60%
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 IGPT and DBE is -0.26, 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

-0.26

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

-0.05

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

0.05

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

0.11

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

0.19

The correlation between IGPT and DBE shifts across timeframes, from -0.26 (1 year) to 0.19 (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.

Invesco AI and Next Gen Software ETF

Invesco DB Energy Fund

Often compared with IGPT:
IGPT vs. AIQIGPT vs. CHATIGPT vs. BOTZIGPT vs. QQQIGPT vs. IRBOIGPT vs. VGTIGPT vs. XAIX
Often compared with DBE:
DBE vs. DBBDBE vs. XLEDBE vs. VDEDBE vs. COMTDBE vs. XLKDBE vs. GLDDBE vs. TIP

Return for Risk

IGPT vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IGPT
IGPT Risk / Return Rank: 9494
Overall Rank
IGPT Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
IGPT Sortino Ratio Rank: 9494
Sortino Ratio Rank
IGPT Omega Ratio Rank: 9393
Omega Ratio Rank
IGPT Calmar Ratio Rank: 9494
Calmar Ratio Rank
IGPT Martin Ratio Rank: 9595
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.

IGPT vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco AI and Next Gen Software ETF (IGPT) 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.

IGPTDBEDifference
Sharpe ratioReturn per unit of total volatility
4.39
2.43

+1.96

Sortino ratioReturn per unit of downside risk
4.95
2.96

+2.00

Omega ratioGain probability vs. loss probability

1.67

1.40

+0.27

Calmar ratioReturn relative to maximum drawdown

7.47

5.89

+1.58

Martin ratioReturn relative to average drawdown

29.16

11.53

+17.63

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

IGPT vs. DBE - Sharpe Ratio Comparison

The current IGPT Sharpe Ratio is 4.39, which is higher than the DBE Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of IGPT 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

IGPTDBEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.39

2.43

+1.96

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.58

0.67

-0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.85

0.43

+0.42

Sharpe Ratio (All Time)

Calculated using the full available price history

0.63

0.09

+0.54

Drawdowns

IGPT vs. DBE - Drawdown Comparison

The maximum IGPT drawdown since its inception was -50.14%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for IGPT and DBE.

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Drawdown Indicators

IGPTDBEDifference

Max Drawdown

Largest peak-to-trough decline

-50.14%

-86.69%

+36.55%

Max Drawdown (1Y)

Largest decline over 1 year

-16.68%

-14.41%

-2.27%

Max Drawdown (3Y)

Largest decline over 3 years

-29.30%

-23.89%

-5.41%

Max Drawdown (5Y)

Largest decline over 5 years

-44.87%

-38.74%

-6.13%

Max Drawdown (10Y)

Largest decline over 10 years

-50.14%

-60.84%

+10.70%

Current Drawdown

Current decline from peak

0.00%

-30.27%

+30.27%

Average Drawdown

Average peak-to-trough decline

-11.96%

-57.31%

+45.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.27%

7.35%

-3.08%

Volatility

IGPT vs. DBE - Volatility Comparison

Invesco AI and Next Gen Software ETF (IGPT) and Invesco DB Energy Fund (DBE) have volatilities of 12.51% and 12.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IGPTDBEDifference

Volatility (1M)

Calculated over the trailing 1-month period

12.51%

12.95%

-0.44%

Volatility (6M)

Calculated over the trailing 6-month period

23.50%

30.86%

-7.36%

Volatility (1Y)

Calculated over the trailing 1-year period

28.42%

34.97%

-6.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.66%

29.39%

-1.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.33%

28.33%

-2.00%

IGPT vs. DBE - Expense Ratio Comparison

IGPT has a 0.60% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

IGPT vs. DBE - Dividend Comparison

IGPT's dividend yield for the trailing twelve months is around 0.03%, 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%
IGPT
Invesco AI and Next Gen Software ETF		0.03%0.04%0.00%0.00%1.41%6.21%0.04%0.05%0.00%0.00%0.03%0.15%

Frequently Asked Questions

IGPT and DBE have a correlation of -0.26, 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 IGPT (12.51%). In terms of maximum drawdown, IGPT dropped -50.14% vs DBE's -86.69%.

On 10-year performance, IGPT leads with 22.30% vs 12.03% for DBE. On fees, IGPT is cheaper at 0.60% per year. On volatility, IGPT has been the lower-risk option at 12.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IGPT has performed better with a 22.30% return vs 12.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IGPT is cheaper with a 0.60% expense ratio, compared with 0.78% for DBE.

DBE has the higher dividend yield at 2.10%, compared with 0.03% for IGPT.

IGPT is categorized as Technology Equities, while DBE is Oil & Gas. IGPT tracks STOXX World AC NexGen Software Development Index, while DBE tracks DBIQ Optimum Yield Energy Index. Their fees differ too: 0.60% for IGPT and 0.78% for DBE.

IGPT currently has the higher Sharpe Ratio (4.39 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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