INQQ vs. DBE
INQQ (India Internet & Ecommerce ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - INQQ is a Asia Pacific Equities fund tracking the INQQ The India Internet & Ecommerce Index - Benchmark TR Gross, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 3 years, INQQ returned 3.61%/yr vs 22.41%/yr for DBE. At a correlation of -0.02, they often move in opposite directions. INQQ charges 0.86%/yr vs 0.78%/yr for DBE.
Performance
INQQ vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, INQQ achieves a -17.70% return, which is significantly lower than DBE's 79.04% return.
INQQ
- 1D
- 1.28%
- 1M
- -5.11%
- YTD
- -17.70%
- 6M
- -19.24%
- 1Y
- -23.05%
- 3Y*
- 3.61%
- 5Y*
- —
- 10Y*
- —
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%
INQQ vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
INQQ India Internet & Ecommerce ETF | -17.70% | -7.05% | 19.12% | 31.45% | -34.73% |
DBE Invesco DB Energy Fund | 79.04% | -2.17% | 2.96% | -12.14% | -1.69% |
Correlation
The correlation between INQQ and DBE is -0.37, 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 | -0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2022 | -0.02 |
Over the past year, the inverse relationship between INQQ and DBE has strengthened: their correlation has moved from -0.02 to -0.37, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
INQQ vs. DBE — Risk / Return Rank
INQQ
DBE
INQQ vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for India Internet & Ecommerce ETF (INQQ) 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.
| INQQ | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.65 | ||
| Sortino ratioReturn per unit of downside risk | -4.77 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.39 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 5.67 | -6.43 |
| Martin ratioReturn relative to average drawdown | -1.62 | 11.08 | -12.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| INQQ | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.32 | 2.33 | -3.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.29 | 0.09 | -0.38 |
Drawdowns
INQQ vs. DBE - Drawdown Comparison
The maximum INQQ drawdown since its inception was -40.53%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for INQQ and DBE.
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Drawdown Indicators
| INQQ | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.53% | -86.69% | +46.16% |
Max Drawdown (1Y)Largest decline over 1 year | -30.41% | -14.41% | -16.00% |
Max Drawdown (3Y)Largest decline over 3 years | -32.45% | -23.89% | -8.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -27.58% | -32.03% | +4.45% |
Average DrawdownAverage peak-to-trough decline | -17.06% | -57.30% | +40.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.29% | 7.37% | +6.92% |
Volatility
INQQ vs. DBE - Volatility Comparison
The current volatility for India Internet & Ecommerce ETF (INQQ) is 6.00%, while Invesco DB Energy Fund (DBE) has a volatility of 13.05%. This indicates that INQQ 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
| INQQ | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 13.05% | -7.05% |
Volatility (6M)Calculated over the trailing 6-month period | 14.67% | 30.97% | -16.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.57% | 35.07% | -17.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.97% | 29.41% | -9.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.97% | 28.34% | -8.37% |
INQQ vs. DBE - Expense Ratio Comparison
INQQ has a 0.86% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
INQQ vs. DBE - Dividend Comparison
INQQ's dividend yield for the trailing twelve months is around 2.71%, more than DBE's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.16% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
INQQ India Internet & Ecommerce ETF | 2.71% | 2.23% | 1.18% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
INQQ and DBE have a correlation of -0.37, 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 INQQ (6.00%). In terms of maximum drawdown, INQQ dropped -40.53% vs DBE's -86.69%.
On 3-year performance, DBE leads with 22.41% vs 3.61% for INQQ. On fees, DBE is cheaper at 0.78% per year. On volatility, INQQ has been the lower-risk option at 6.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DBE has performed better with a 22.41% return vs 3.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 0.86% for INQQ.
INQQ has the higher dividend yield at 2.71%, compared with 2.16% for DBE.
INQQ is categorized as Asia Pacific Equities, while DBE is Oil & Gas. INQQ tracks INQQ The India Internet & Ecommerce Index - Benchmark TR Gross, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: India and Invesco. Their fees differ too: 0.86% for INQQ and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.33 vs -1.32), 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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