ITDJ vs. DBO

Last updated Jun 4, 2026

ITDJ (iShares LifePath Target Date 2070 ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - ITDJ is a Target Retirement Date fund actively managed by iShares, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. ITDJ is actively managed, while DBO is passively managed. Over the past year, ITDJ returned 29.01% vs 80.26% for DBO. At a correlation of -0.11, they often move in opposite directions. ITDJ charges 0.12%/yr vs 0.78%/yr for DBO.

Performance

ITDJ vs. DBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares LifePath Target Date 2070 ETF (ITDJ) and Invesco DB Oil Fund (DBO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ITDJ achieves a 12.11% return, which is significantly lower than DBO's 84.75% return.

ITDJ

• 1D: -0.81%
• 1M: 4.82%
• YTD: 12.11%
• 6M: 13.07%
• 1Y: 29.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBO

• 1D: 2.27%
• 1M: -2.34%
• YTD: 84.75%
• 6M: 81.10%
• 1Y: 80.26%
• 3Y*: 21.86%
• 5Y*: 15.98%
• 10Y*: 11.37%

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

ITDJ vs. DBO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ITDJ iShares LifePath Target Date 2070 ETF	12.11%	22.02%	-1.70%
DBO Invesco DB Oil Fund	84.75%	-11.71%	6.47%

Correlation

The correlation between ITDJ and DBO is -0.32, 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	-0.32
Correlation (All Time) Calculated using the full available price history since Nov 14, 2024	-0.11

Over the past year, the inverse relationship between ITDJ and DBO has strengthened: their correlation has moved from -0.11 to -0.32, meaning they now move in opposite directions more often than their long-term average.

ITDJ vs. DBO - Sectors Allocation Comparison

Sectors	ITDJ	DBO
Technology	26.8%	-
Financial Services	16.1%	116.0%
Industrials	11.9%	-
Consumer Cyclical	9.3%	-
Healthcare	8.3%	-
Communication Services	8.1%	-
Consumer Defensive	4.8%	-
Basic Materials	4.3%	-
Energy	4.3%	-
Real Estate	3.5%	-
Utilities	2.6%	-

Return for Risk

ITDJ vs. DBO — Risk / Return Rank

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

ITDJ

ITDJ Risk / Return Rank: 69
ITDJ Sharpe Ratio Rank: 71
ITDJ Sortino Ratio Rank: 70
ITDJ Omega Ratio Rank: 70
ITDJ Calmar Ratio Rank: 61
ITDJ Martin Ratio Rank: 72

DBO

DBO Risk / Return Rank: 65
DBO Sharpe Ratio Rank: 70
DBO Sortino Ratio Rank: 62
DBO Omega Ratio Rank: 60
DBO Calmar Ratio Rank: 83
DBO Martin Ratio Rank: 52

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.

ITDJ vs. DBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares LifePath Target Date 2070 ETF (ITDJ) 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.

	ITDJ	DBO	Difference
Sharpe ratio Return per unit of total volatility	2.28	2.34	-0.06
Sortino ratio Return per unit of downside risk	3.16	2.94	+0.22
Omega ratio Gain probability vs. loss probability	1.41	1.38	+0.04
Calmar ratio Return relative to maximum drawdown	3.02	4.44	-1.42
Martin ratio Return relative to average drawdown	13.33	9.02	+4.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ITDJ vs. DBO - Sharpe Ratio Comparison

The current ITDJ Sharpe Ratio is 2.28, which is comparable to the DBO Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of ITDJ and DBO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ITDJ	DBO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	2.34	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	0.02	+1.29

Drawdowns

ITDJ vs. DBO - Drawdown Comparison

The maximum ITDJ drawdown since its inception was -16.63%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for ITDJ and DBO.

Drawdown Indicators

	ITDJ	DBO	Difference
Max Drawdown Largest peak-to-trough decline	-16.63%	-90.18%	+73.55%
Max Drawdown (1Y) Largest decline over 1 year	-9.65%	-18.19%	+8.54%
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	-0.81%	-51.38%	+50.57%
Average Drawdown Average peak-to-trough decline	-1.91%	-62.25%	+60.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	8.92%	-6.74%

Volatility

ITDJ vs. DBO - Volatility Comparison

The current volatility for iShares LifePath Target Date 2070 ETF (ITDJ) is 3.90%, while Invesco DB Oil Fund (DBO) has a volatility of 12.61%. This indicates that ITDJ experiences smaller price fluctuations and is considered to be less risky than DBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ITDJ	DBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	12.61%	-8.71%
Volatility (6M) Calculated over the trailing 6-month period	10.29%	28.20%	-17.91%
Volatility (1Y) Calculated over the trailing 1-year period	12.78%	34.46%	-21.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	32.29%	-16.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.18%	31.78%	-15.60%

ITDJ vs. DBO - Expense Ratio Comparison

ITDJ has a 0.12% expense ratio, which is lower than DBO's 0.78% expense ratio.

Dividends

ITDJ vs. DBO - Dividend Comparison

ITDJ's dividend yield for the trailing twelve months is around 1.25%, less than DBO's 1.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBO Invesco DB Oil Fund	1.90%	3.51%	4.68%	4.59%	0.66%	0.00%	0.00%	1.63%	1.58%
ITDJ iShares LifePath Target Date 2070 ETF	1.25%	1.40%	0.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ITDJ and DBO in my portfolio?

ITDJ and DBO have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ITDJ or DBO?

DBO has higher volatility (12.61%) compared to ITDJ (3.90%). In terms of maximum drawdown, ITDJ dropped -16.63% vs DBO's -90.18%.

Which ETF is better, ITDJ or DBO?

On 1-year performance, DBO leads with 80.26% vs 29.01% for ITDJ. On fees, ITDJ is cheaper at 0.12% per year. On volatility, ITDJ has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ITDJ or DBO?

Over the 1-year period, DBO has performed better with a 80.26% return vs 29.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ITDJ or DBO?

ITDJ is cheaper with a 0.12% expense ratio, compared with 0.78% for DBO.

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

DBO has the higher dividend yield at 1.90%, compared with 1.25% for ITDJ.

What is the main difference between ITDJ and DBO?

ITDJ is categorized as Target Retirement Date, while DBO is Oil & Gas. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for ITDJ and 0.78% for DBO.

Which has better risk-adjusted returns?

DBO currently has the higher Sharpe Ratio (2.34 vs 2.28), 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.