IQQQ vs. DBE
IQQQ (ProShares Nasdaq-100 High Income ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past year, IQQQ returned 38.70% vs 84.41% for DBE. At a correlation of -0.08, they often move in opposite directions. IQQQ charges 0.55%/yr vs 0.78%/yr for DBE.
Performance
IQQQ vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQQ achieves a 18.72% return, which is significantly lower than DBE's 83.68% return.
IQQQ
- 1D
- -0.30%
- 1M
- 9.88%
- YTD
- 18.72%
- 6M
- 17.39%
- 1Y
- 38.70%
- 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%
IQQQ vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IQQQ ProShares Nasdaq-100 High Income ETF | 18.72% | 17.11% | 13.39% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | -4.60% |
Correlation
The correlation between IQQQ and DBE is -0.30, 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 | -0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024 | -0.08 |
Over the past year, the inverse relationship between IQQQ and DBE has strengthened: their correlation has moved from -0.08 to -0.30, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
IQQQ vs. DBE — Risk / Return Rank
IQQQ
DBE
IQQQ vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 High Income ETF (IQQQ) 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.
| IQQQ | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.40 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 5.89 | -2.40 |
| Martin ratioReturn relative to average drawdown | 12.41 | 11.53 | +0.88 |
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
| IQQQ | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.53 | 2.43 | +0.10 |
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 | 1.25 | 0.09 | +1.15 |
Drawdowns
IQQQ vs. DBE - Drawdown Comparison
The maximum IQQQ drawdown since its inception was -20.41%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for IQQQ and DBE.
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Drawdown Indicators
| IQQQ | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.41% | -86.69% | +66.28% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -14.41% | +3.28% |
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 | -0.30% | -30.27% | +29.97% |
Average DrawdownAverage peak-to-trough decline | -3.64% | -57.31% | +53.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 7.35% | -4.22% |
Volatility
IQQQ vs. DBE - Volatility Comparison
The current volatility for ProShares Nasdaq-100 High Income ETF (IQQQ) is 3.99%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that IQQQ 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
| IQQQ | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 12.95% | -8.96% |
Volatility (6M)Calculated over the trailing 6-month period | 11.54% | 30.86% | -19.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.40% | 34.97% | -19.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.57% | 29.39% | -10.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.57% | 28.33% | -9.76% |
IQQQ vs. DBE - Expense Ratio Comparison
IQQQ has a 0.55% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
IQQQ vs. DBE - Dividend Comparison
IQQQ's dividend yield for the trailing twelve months is around 4.42%, more 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% |
IQQQ ProShares Nasdaq-100 High Income ETF | 4.42% | 10.34% | 7.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IQQQ and DBE have a correlation of -0.30, 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 IQQQ (3.99%). In terms of maximum drawdown, IQQQ dropped -20.41% vs DBE's -86.69%.
On 1-year performance, DBE leads with 84.41% vs 38.70% for IQQQ. On fees, IQQQ is cheaper at 0.55% per year. On volatility, IQQQ has been the lower-risk option at 3.99%. 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 38.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IQQQ is cheaper with a 0.55% expense ratio, compared with 0.78% for DBE.
IQQQ has the higher dividend yield at 4.42%, compared with 2.10% for DBE.
IQQQ is categorized as Nasdaq-100, while DBE is Oil & Gas. IQQQ tracks Nasdaq-100 Daily Covered Call Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: ProShares and Invesco. Their fees differ too: 0.55% for IQQQ and 0.78% for DBE.
IQQQ currently has the higher Sharpe Ratio (2.53 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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