IQM vs. DBE
IQM (Franklin Intelligent Machines ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - IQM is a Large Cap Growth Equities fund actively managed by Franklin Templeton, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. IQM is actively managed, while DBE is passively managed. Over the past 5 years, IQM returned 22.22%/yr vs 19.66%/yr for DBE. At a 0.11 correlation, their price movements are largely independent. IQM charges 0.50%/yr vs 0.78%/yr for DBE.
Performance
IQM vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, IQM achieves a 40.18% return, which is significantly lower than DBE's 83.68% return.
IQM
- 1D
- -0.37%
- 1M
- 11.94%
- YTD
- 40.18%
- 6M
- 38.57%
- 1Y
- 75.07%
- 3Y*
- 37.62%
- 5Y*
- 22.22%
- 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%
IQM vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IQM Franklin Intelligent Machines ETF | 40.18% | 30.76% | 31.03% | 41.06% | -33.36% | 25.18% | 78.48% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -6.15% |
Correlation
The correlation between IQM and DBE is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2020 | 0.11 |
The correlation between IQM and DBE shifts across timeframes, from -0.22 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IQM vs. DBE — Risk / Return Rank
IQM
DBE
IQM vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Intelligent Machines ETF (IQM) 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.
| IQM | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.40 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.13 | 5.89 | -0.76 |
| Martin ratioReturn relative to average drawdown | 16.79 | 11.53 | +5.26 |
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
| IQM | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.67 | 2.43 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.67 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.09 | +0.87 |
Drawdowns
IQM vs. DBE - Drawdown Comparison
The maximum IQM drawdown since its inception was -44.91%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for IQM and DBE.
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Drawdown Indicators
| IQM | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.91% | -86.69% | +41.78% |
Max Drawdown (1Y)Largest decline over 1 year | -14.71% | -14.41% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -30.42% | -23.89% | -6.53% |
Max Drawdown (5Y)Largest decline over 5 years | -44.91% | -38.74% | -6.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -0.37% | -30.27% | +29.90% |
Average DrawdownAverage peak-to-trough decline | -12.25% | -57.31% | +45.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 7.35% | -2.86% |
Volatility
IQM vs. DBE - Volatility Comparison
The current volatility for Franklin Intelligent Machines ETF (IQM) is 9.20%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that IQM 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
| IQM | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.20% | 12.95% | -3.75% |
Volatility (6M)Calculated over the trailing 6-month period | 22.92% | 30.86% | -7.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.27% | 34.97% | -6.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.91% | 29.39% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.72% | 28.33% | +2.39% |
IQM vs. DBE - Expense Ratio Comparison
IQM has a 0.50% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
IQM vs. DBE - Dividend Comparison
IQM 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% |
IQM Franklin Intelligent Machines ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.17% | 0.01% | 0.00% | 0.00% |
Frequently Asked Questions
IQM and DBE have a correlation of -0.22, 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 IQM (9.20%). In terms of maximum drawdown, IQM dropped -44.91% vs DBE's -86.69%.
On 5-year performance, IQM leads with 22.22% vs 19.66% for DBE. On fees, IQM is cheaper at 0.50% per year. On volatility, IQM has been the lower-risk option at 9.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IQM has performed better with a 22.22% return vs 19.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IQM is cheaper with a 0.50% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.10%, compared with 0.00% for IQM.
IQM is categorized as Large Cap Growth Equities, while DBE is Oil & Gas. They also come from different issuers: Franklin Templeton and Invesco. Their fees differ too: 0.50% for IQM and 0.78% for DBE.
IQM currently has the higher Sharpe Ratio (2.67 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.
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