IRET vs. DBO

Last updated Jun 24, 2026

IRET (iREIT MarketVector Quality REIT Index ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - IRET is a REIT fund tracking the iREIT MarketVector Quality REIT Index, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. Both are passively managed. At a correlation of -0.07, they often move in opposite directions. IRET charges 0.60%/yr vs 0.78%/yr for DBO.

Performance

IRET vs. DBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iREIT MarketVector Quality REIT Index ETF (IRET) and Invesco DB Oil Fund (DBO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IRET

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBO

• 1D: -1.13%
• 1M: -18.58%
• YTD: 50.16%
• 6M: 47.74%
• 1Y: 36.30%
• 3Y*: 14.32%
• 5Y*: 10.16%
• 10Y*: 9.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IRET vs. DBO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IRET iREIT MarketVector Quality REIT Index ETF	14.33%	-0.94%	2.95%
DBO Invesco DB Oil Fund	50.16%	-11.71%	2.61%

Correlation

The correlation between IRET and DBO is -0.11, 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	-0.11
Correlation (All Time) Calculated using the full available price history since Mar 6, 2024	-0.07

Return for Risk

IRET vs. DBO — Risk / Return Rank

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

IRET

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

DBO

DBO Risk / Return Rank: 31
DBO Sharpe Ratio Rank: 31
DBO Sortino Ratio Rank: 31
DBO Omega Ratio Rank: 30
DBO Calmar Ratio Rank: 33
DBO Martin Ratio Rank: 31

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.

IRET vs. DBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iREIT MarketVector Quality REIT Index ETF (IRET) and Invesco DB Oil Fund (DBO). 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.

	IRET	DBO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.06	—
Sortino ratio: Return per unit of downside risk	—	1.61	—
Omega ratio: Gain probability vs. loss probability	—	1.19	—
Calmar ratio: Return relative to maximum drawdown	—	1.58	—
Martin ratio: Return relative to average drawdown	—	4.29	—

Drawdowns

Drawdown Indicators

	IRET	DBO	Difference
Max Drawdown Largest peak-to-trough decline	—	-90.18%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-23.03%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-28.20%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-61.69%	—
Current Drawdown Current decline from peak	—	-60.48%	—
Average Drawdown Average peak-to-trough decline	—	-62.22%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.51%	—

Volatility

Volatility by Period

	IRET	DBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	34.89%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	32.54%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	31.81%	—

IRET vs. DBO - Expense Ratio Comparison

IRET has a 0.60% expense ratio, which is lower than DBO's 0.78% expense ratio.

Dividends

IRET vs. DBO - Dividend Comparison

IRET's dividend yield for the trailing twelve months is around 3.79%, more than DBO's 2.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBO Invesco DB Oil Fund	2.34%	3.51%	4.68%	4.59%	0.66%	0.00%	0.00%	1.63%	1.58%
IRET iREIT MarketVector Quality REIT Index ETF	3.79%	5.14%	3.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IRET and DBO in my portfolio?

IRET and DBO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IRET or DBO?

On fees, IRET is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IRET or DBO?

IRET is cheaper with a 0.60% expense ratio, compared with 0.78% for DBO.

Which ETF pays a higher dividend yield, IRET or DBO?

IRET has the higher dividend yield at 3.79%, compared with 2.34% for DBO.

What is the main difference between IRET and DBO?

IRET is categorized as REIT, while DBO is Oil & Gas. IRET tracks iREIT MarketVector Quality REIT Index, while DBO tracks DBIQ Optimum Yield Crude Oil Index Excess Return. They also come from different issuers: iREIT and Invesco. Their fees differ too: 0.60% for IRET and 0.78% for DBO.