IOPP vs. DBE
IOPP (Simplify Tara India Opportunities ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - IOPP is a Asia Pacific Equities fund actively managed by Simplify, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. IOPP is actively managed, while DBE is passively managed. Over the past year, IOPP returned -6.43% vs 84.41% for DBE. At a correlation of -0.14, they often move in opposite directions. IOPP charges 0.73%/yr vs 0.78%/yr for DBE.
Performance
IOPP vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, IOPP achieves a -9.08% return, which is significantly lower than DBE's 83.68% return.
IOPP
- 1D
- -1.09%
- 1M
- 0.04%
- YTD
- -9.08%
- 6M
- -6.49%
- 1Y
- -6.43%
- 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%
IOPP vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IOPP Simplify Tara India Opportunities ETF | -9.08% | 1.86% | 14.13% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | -0.76% |
Correlation
The correlation between IOPP and DBE is -0.34, 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 | -0.34 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2024 | -0.14 |
Over the past year, the inverse relationship between IOPP and DBE has strengthened: their correlation has moved from -0.14 to -0.34, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
IOPP vs. DBE — Risk / Return Rank
IOPP
DBE
IOPP vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Tara India Opportunities ETF (IOPP) 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.
| IOPP | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.81 | ||
| Sortino ratioReturn per unit of downside risk | -3.40 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.40 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 5.89 | -6.22 |
| Martin ratioReturn relative to average drawdown | -0.89 | 11.53 | -12.42 |
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
| IOPP | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.38 | 2.43 | -2.81 |
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 | 0.15 | 0.09 | +0.06 |
Drawdowns
IOPP vs. DBE - Drawdown Comparison
The maximum IOPP drawdown since its inception was -23.67%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for IOPP and DBE.
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Drawdown Indicators
| IOPP | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.67% | -86.69% | +63.02% |
Max Drawdown (1Y)Largest decline over 1 year | -19.42% | -14.41% | -5.01% |
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 DrawdownCurrent decline from peak | -16.96% | -30.27% | +13.31% |
Average DrawdownAverage peak-to-trough decline | -8.85% | -57.31% | +48.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.24% | 7.35% | -0.11% |
Volatility
IOPP vs. DBE - Volatility Comparison
The current volatility for Simplify Tara India Opportunities ETF (IOPP) is 5.78%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that IOPP 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
| IOPP | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.78% | 12.95% | -7.17% |
Volatility (6M)Calculated over the trailing 6-month period | 14.32% | 30.86% | -16.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.10% | 34.97% | -17.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 29.39% | -12.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.78% | 28.33% | -11.55% |
IOPP vs. DBE - Expense Ratio Comparison
IOPP has a 0.73% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
IOPP vs. DBE - Dividend Comparison
IOPP's dividend yield for the trailing twelve months is around 0.20%, less than DBE's 2.10% yield.
| 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% |
IOPP Simplify Tara India Opportunities ETF | 0.20% | 0.29% | 6.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IOPP and DBE have a correlation of -0.34, 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 IOPP (5.78%). In terms of maximum drawdown, IOPP dropped -23.67% vs DBE's -86.69%.
On 1-year performance, DBE leads with 84.41% vs -6.43% for IOPP. On fees, IOPP is cheaper at 0.73% per year. On volatility, IOPP has been the lower-risk option at 5.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBE has performed better with a 84.41% return vs -6.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IOPP is cheaper with a 0.73% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.10%, compared with 0.20% for IOPP.
IOPP is categorized as Asia Pacific Equities, while DBE is Oil & Gas. They also come from different issuers: Simplify and Invesco. Their fees differ too: 0.73% for IOPP and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.43 vs -0.38), 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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