INTW vs. DBE

Last updated Jun 4, 2026

INTW (GraniteShares 2x Long INTC Daily ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - INTW is a Leveraged Equities fund actively managed by GraniteShares, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. INTW is actively managed, while DBE is passively managed. Over the past year, INTW returned 1617.48% vs 84.41% for DBE. At a correlation of -0.06, they often move in opposite directions. INTW charges 1.50%/yr vs 0.78%/yr for DBE.

Performance

INTW vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long INTC Daily ETF (INTW) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INTW achieves a 562.71% return, which is significantly higher than DBE's 83.68% return.

INTW

• 1D: 8.89%
• 1M: 29.41%
• YTD: 562.71%
• 6M: 361.23%
• 1Y: 1,617.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

INTW vs. DBE - Yearly Performance Comparison

	2026 (YTD)	2025
INTW GraniteShares 2x Long INTC Daily ETF	562.71%	50.41%
DBE Invesco DB Energy Fund	83.68%	-5.97%

Correlation

The correlation between INTW and DBE is -0.15, 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	-0.15
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025	-0.06

Return for Risk

INTW vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

INTW

INTW Risk / Return Rank: 97
INTW Sharpe Ratio Rank: 99
INTW Sortino Ratio Rank: 95
INTW Omega Ratio Rank: 93
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 98

DBE

DBE Risk / Return Rank: 71
DBE Sharpe Ratio Rank: 74
DBE Sortino Ratio Rank: 63
DBE Omega Ratio Rank: 65
DBE Calmar Ratio Rank: 91
DBE Martin Ratio Rank: 63

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.

INTW vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long INTC Daily ETF (INTW) 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.

	INTW	DBE	Difference
Sharpe ratio: Return per unit of total volatility	11.42	2.43	+9.00
Sortino ratio: Return per unit of downside risk	5.09	2.96	+2.14
Omega ratio: Gain probability vs. loss probability	1.64	1.40	+0.24
Calmar ratio: Return relative to maximum drawdown	33.18	5.89	+27.29
Martin ratio: Return relative to average drawdown	77.63	11.53	+66.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INTW vs. DBE - Sharpe Ratio Comparison

The current INTW Sharpe Ratio is 11.42, which is higher than the DBE Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of INTW 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.

Sharpe Ratios by Period

	INTW	DBE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	11.42	2.43	+9.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.39	0.09	+3.30

Drawdowns

INTW vs. DBE - Drawdown Comparison

The maximum INTW drawdown since its inception was -60.58%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for INTW and DBE.

Drawdown Indicators

	INTW	DBE	Difference
Max Drawdown Largest peak-to-trough decline	-60.58%	-86.69%	+26.11%
Max Drawdown (1Y) Largest decline over 1 year	-49.34%	-14.41%	-34.93%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.89%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-60.84%	—
Current Drawdown Current decline from peak	-26.69%	-30.27%	+3.58%
Average Drawdown Average peak-to-trough decline	-30.07%	-57.31%	+27.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.05%	7.35%	+13.70%

Volatility

INTW vs. DBE - Volatility Comparison

GraniteShares 2x Long INTC Daily ETF (INTW) has a higher volatility of 48.71% compared to Invesco DB Energy Fund (DBE) at 12.95%. This indicates that INTW's price experiences larger fluctuations and is considered to be riskier than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INTW	DBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	48.71%	12.95%	+35.76%
Volatility (6M) Calculated over the trailing 6-month period	111.40%	30.86%	+80.54%
Volatility (1Y) Calculated over the trailing 1-year period	143.36%	34.97%	+108.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.22%	29.39%	+115.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.22%	28.33%	+116.89%

INTW vs. DBE - Expense Ratio Comparison

INTW has a 1.50% expense ratio, which is higher than DBE's 0.78% expense ratio.

Dividends

INTW vs. DBE - Dividend Comparison

INTW has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.10%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBE Invesco DB Energy Fund	2.10%	3.86%	6.32%	3.87%	0.75%	0.00%	0.00%	1.79%	1.67%
INTW GraniteShares 2x Long INTC Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both INTW and DBE in my portfolio?

INTW and DBE have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INTW or DBE?

INTW has higher volatility (48.71%) compared to DBE (12.95%). In terms of maximum drawdown, INTW dropped -60.58% vs DBE's -86.69%.

Which ETF is better, INTW or DBE?

On 1-year performance, INTW leads with 1617.48% vs 84.41% for DBE. On fees, DBE is cheaper at 0.78% per year. On volatility, DBE has been the lower-risk option at 12.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INTW or DBE?

Over the 1-year period, INTW has performed better with a 1617.48% return vs 84.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INTW or DBE?

DBE is cheaper with a 0.78% expense ratio, compared with 1.50% for INTW.

Which ETF pays a higher dividend yield, INTW or DBE?

DBE has the higher dividend yield at 2.10%, compared with 0.00% for INTW.

What is the main difference between INTW and DBE?

INTW is categorized as Leveraged Equities, while DBE is Oil & Gas. They also come from different issuers: GraniteShares and Invesco. Their fees differ too: 1.50% for INTW and 0.78% for DBE.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (11.42 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.