IPAY vs. DBE
IPAY (ETFMG Prime Mobile Payments ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - IPAY is a Technology Equities fund tracking the Prime Mobile Payments Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, IPAY returned 7.56%/yr vs 11.45%/yr for DBE. At a 0.16 correlation, their price movements are largely independent. IPAY charges 0.75%/yr vs 0.78%/yr for DBE.
Performance
IPAY vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, IPAY achieves a -3.78% return, which is significantly lower than DBE's 68.39% return. Over the past 10 years, IPAY has underperformed DBE with an annualized return of 7.56%, while DBE has yielded a comparatively higher 11.45% annualized return.
IPAY
- 1D
- 0.60%
- 1M
- 10.70%
- 6M
- -1.75%
- YTD
- -3.78%
- 1Y
- -15.47%
- 3Y*
- 4.23%
- 5Y*
- -6.25%
- 10Y*
- 7.56%
DBE
- 1D
- -1.09%
- 1M
- 6.25%
- 6M
- 65.69%
- YTD
- 68.39%
- 1Y
- 57.64%
- 3Y*
- 17.96%
- 5Y*
- 17.10%
- 10Y*
- 11.45%
IPAY vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPAY ETFMG Prime Mobile Payments ETF | -3.78% | -9.55% | 25.88% | 18.21% | -32.38% | -12.72% | 34.22% | 41.80% | 0.17% | 36.34% |
DBE Invesco DB Energy Fund | 68.39% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between IPAY and DBE is -0.25, 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 | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2015 | 0.16 |
The correlation between IPAY and DBE shifts across timeframes, from -0.25 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IPAY vs. DBE — Risk / Return Rank
IPAY
DBE
IPAY vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG Prime Mobile Payments ETF (IPAY) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IPAY | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.94 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.28 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 2.34 | -2.84 |
| Martin ratioReturn relative to average drawdown | -0.85 | 7.00 | -7.85 |
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Drawdowns
IPAY vs. DBE - Drawdown Comparison
The maximum IPAY drawdown since its inception was -51.75%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for IPAY and DBE.
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Drawdown Indicators
| IPAY | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.75% | -86.69% | +34.94% |
Max Drawdown (1Y)Largest decline over 1 year | -31.31% | -24.72% | -6.59% |
Max Drawdown (3Y)Largest decline over 3 years | -32.74% | -24.72% | -8.02% |
Max Drawdown (5Y)Largest decline over 5 years | -51.49% | -38.74% | -12.75% |
Max Drawdown (10Y)Largest decline over 10 years | -51.75% | -60.84% | +9.09% |
Current DrawdownCurrent decline from peak | -30.34% | -36.07% | +5.73% |
Average DrawdownAverage peak-to-trough decline | -16.87% | -57.19% | +40.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.27% | 8.26% | +10.01% |
Volatility
IPAY vs. DBE - Volatility Comparison
The current volatility for ETFMG Prime Mobile Payments ETF (IPAY) is 7.71%, while Invesco DB Energy Fund (DBE) has a volatility of 11.68%. This indicates that IPAY 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
| IPAY | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.71% | 11.68% | -3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 19.76% | 32.70% | -12.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.50% | 35.99% | -11.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.31% | 29.88% | -3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.38% | 28.39% | -3.01% |
IPAY vs. DBE - Expense Ratio Comparison
IPAY has a 0.75% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
IPAY vs. DBE - Dividend Comparison
IPAY's dividend yield for the trailing twelve months is around 0.82%, less than DBE's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.29% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
IPAY ETFMG Prime Mobile Payments ETF | 0.82% | 0.79% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IPAY and DBE have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (11.68%) compared to IPAY (7.71%). In terms of maximum drawdown, IPAY dropped -51.75% vs DBE's -86.69%.
On 10-year performance, DBE leads with 11.45% vs 7.56% for IPAY. On fees, IPAY is cheaper at 0.75% per year. On volatility, IPAY has been the lower-risk option at 7.71%. 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 11.45% return vs 7.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IPAY is cheaper with a 0.75% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.29%, compared with 0.82% for IPAY.
IPAY is categorized as Technology Equities, while DBE is Oil & Gas. IPAY tracks Prime Mobile Payments Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: ETFMG and Invesco. Their fees differ too: 0.75% for IPAY and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.61 vs -0.63), 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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