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IGSB vs. DBE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGSB vs. DBE

Last updated Jun 5, 2026

IGSB (iShares Short-Term Corporate Bond ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - IGSB is a Corporate Bonds fund tracking the ICE BofAML 1-5 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, IGSB returned 2.75%/yr vs 11.58%/yr for DBE. At a correlation of -0.03, they often move in opposite directions. IGSB charges 0.06%/yr vs 0.78%/yr for DBE.

Performance

IGSB vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Short-Term Corporate Bond ETF (IGSB) 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, IGSB achieves a 0.79% return, which is significantly lower than DBE's 79.04% return. Over the past 10 years, IGSB has underperformed DBE with an annualized return of 2.75%, while DBE has yielded a comparatively higher 11.58% annualized return.

IGSB

1D
0.08%
1M
0.27%
YTD
0.79%
6M
1.18%
1Y
4.52%
3Y*
5.69%
5Y*
2.44%
10Y*
2.75%

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)

IGSB vs. DBE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IGSB
iShares Short-Term Corporate Bond ETF		0.79%6.96%4.97%6.40%-5.63%-0.56%5.37%7.11%1.25%1.27%
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 IGSB and DBE is -0.39, 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

-0.39

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

-0.18

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

-0.10

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

-0.08

Correlation (All Time)
Calculated using the full available price history since Jan 12, 2007

-0.03

Over the past year, the inverse relationship between IGSB and DBE has strengthened: their correlation has moved from -0.03 to -0.39, 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 Short-Term Corporate Bond ETF

Invesco DB Energy Fund

Often compared with IGSB:
IGSB vs. VCSHIGSB vs. LQDIGSB vs. SPSBIGSB vs. IGIBIGSB vs. SLQDIGSB vs. FLDRIGSB vs. AGG
Often compared with DBE:
DBE vs. DBBDBE vs. XLEDBE vs. VDEDBE vs. XLKDBE vs. COMTDBE vs. GLDDBE vs. TIP

Return for Risk

IGSB vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IGSB
IGSB Risk / Return Rank: 7474
Overall Rank
IGSB Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IGSB Sortino Ratio Rank: 8383
Sortino Ratio Rank
IGSB Omega Ratio Rank: 8080
Omega Ratio Rank
IGSB Calmar Ratio Rank: 6464
Calmar Ratio Rank
IGSB Martin Ratio Rank: 7070
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.

IGSB vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Short-Term Corporate Bond ETF (IGSB) 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.

IGSBDBEDifference
Sharpe ratioReturn per unit of total volatility
2.38
2.33

+0.04

Sortino ratioReturn per unit of downside risk
3.68
2.87

+0.82

Omega ratioGain probability vs. loss probability

1.47

1.39

+0.09

Calmar ratioReturn relative to maximum drawdown

3.11

5.67

-2.56

Martin ratioReturn relative to average drawdown

12.72

11.08

+1.64

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

IGSB vs. DBE - Sharpe Ratio Comparison

The current IGSB Sharpe Ratio is 2.38, which is comparable to the DBE Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of IGSB 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

IGSBDBEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.38

2.33

+0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.84

0.65

+0.19

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.80

0.41

+0.39

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.09

+0.61

Drawdowns

IGSB vs. DBE - Drawdown Comparison

The maximum IGSB drawdown since its inception was -13.38%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for IGSB and DBE.

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Drawdown Indicators

IGSBDBEDifference

Max Drawdown

Largest peak-to-trough decline

-13.38%

-86.69%

+73.31%

Max Drawdown (1Y)

Largest decline over 1 year

-1.46%

-14.41%

+12.95%

Max Drawdown (3Y)

Largest decline over 3 years

-1.46%

-23.89%

+22.43%

Max Drawdown (5Y)

Largest decline over 5 years

-9.46%

-38.74%

+29.28%

Max Drawdown (10Y)

Largest decline over 10 years

-13.38%

-60.84%

+47.46%

Current Drawdown

Current decline from peak

-0.24%

-32.03%

+31.79%

Average Drawdown

Average peak-to-trough decline

-0.85%

-57.30%

+56.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.36%

7.37%

-7.01%

Volatility

IGSB vs. DBE - Volatility Comparison

The current volatility for iShares Short-Term Corporate Bond ETF (IGSB) is 0.57%, while Invesco DB Energy Fund (DBE) has a volatility of 13.05%. This indicates that IGSB 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

IGSBDBEDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.57%

13.05%

-12.48%

Volatility (6M)

Calculated over the trailing 6-month period

1.41%

30.97%

-29.56%

Volatility (1Y)

Calculated over the trailing 1-year period

1.93%

35.07%

-33.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.93%

29.41%

-26.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.46%

28.34%

-24.88%

IGSB vs. DBE - Expense Ratio Comparison

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

Dividends

IGSB vs. DBE - Dividend Comparison

IGSB's dividend yield for the trailing twelve months is around 4.57%, 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%
IGSB
iShares Short-Term Corporate Bond ETF		4.57%4.44%4.02%3.26%2.07%1.82%2.36%3.06%2.46%1.65%1.45%1.18%

Frequently Asked Questions

IGSB and DBE have a correlation of -0.39, 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 IGSB (0.57%). In terms of maximum drawdown, IGSB dropped -13.38% vs DBE's -86.69%.

On 10-year performance, DBE leads with 11.58% vs 2.75% for IGSB. On fees, IGSB is cheaper at 0.06% per year. On volatility, IGSB has been the lower-risk option at 0.57%. 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 2.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

IGSB has the higher dividend yield at 4.57%, compared with 2.16% for DBE.

IGSB is categorized as Corporate Bonds, while DBE is Oil & Gas. IGSB tracks ICE BofAML 1-5 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 IGSB and 0.78% for DBE.

IGSB currently has the higher Sharpe Ratio (2.38 vs 2.33), 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.

Portfolio Optimizer

Find the right allocation for IGSB and DBE

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