IVRS vs. DBE
IVRS (iShares Future Metaverse Tech And Communications ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - IVRS is a Technology Equities fund tracking the Morningstar Global Metaverse & Virtual Interaction Select Index - Benchmark TR Net, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 3 years, IVRS returned 7.73%/yr vs 15.22%/yr for DBE. Their -0.05 correlation means they have often moved in opposite directions in the past. IVRS charges 0.47%/yr vs 0.78%/yr for DBE.
Performance
IVRS vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, IVRS achieves a -7.07% return, which is significantly lower than DBE's 71.26% return.
IVRS
- 1D
- 2.16%
- 1M
- 0.63%
- 6M
- -1.65%
- YTD
- -7.07%
- 1Y
- -11.56%
- 3Y*
- 7.73%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.16%
DBE
- 1D
- -4.26%
- 1M
- 15.98%
- 6M
- 57.84%
- YTD
- 71.26%
- 1Y
- 61.44%
- 3Y*
- 15.22%
- 5Y*
- 17.82%
- 10Y*
- 12.24%
- ALL TIME*
- 2.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.27M | $1.08M | $1.67M | |
| $45.64K | $34.99K | $21.63K |
IVRS vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IVRS iShares Future Metaverse Tech And Communications ETF | -7.07% | 12.75% | 7.40% | 28.15% |
DBE Invesco DB Energy Fund | 71.26% | -2.17% | 2.96% | -7.62% |
Correlation
The correlation between IVRS and DBE is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.27 |
Correlation (3Y) Balances recent behavior with more history. | -0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2023 | -0.05 |
Over the past year, the inverse relationship between IVRS and DBE has strengthened: their correlation has moved from -0.05 to -0.27, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
IVRS vs. DBE — Risk / Return Rank
IVRS
DBE
IVRS vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Future Metaverse Tech And Communications ETF (IVRS) 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.
| IVRS | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.28 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 2.50 | -2.87 |
| Martin ratioReturn relative to average drawdown | -0.69 | 7.82 | -8.51 |
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Drawdowns
IVRS vs. DBE - Drawdown Comparison
The maximum IVRS drawdown since its inception was -31.43%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for IVRS and DBE.
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Drawdown Indicators
| IVRS | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.43% | -86.69% | +55.26% |
Max Drawdown (1Y)Largest decline over 1 year | -31.43% | -24.72% | -6.71% |
Max Drawdown (3Y)Largest decline over 3 years | -31.43% | -24.72% | -6.71% |
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 | -20.06% | -34.98% | +14.92% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -57.13% | +50.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.79% | 7.90% | +8.89% |
Volatility
IVRS vs. DBE - Volatility Comparison
The current volatility for iShares Future Metaverse Tech And Communications ETF (IVRS) is 7.97%, while Invesco DB Energy Fund (DBE) has a volatility of 15.07%. This indicates that IVRS 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
| IVRS | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.97% | 15.07% | -7.10% |
Volatility (6M)Calculated over the trailing 6-month period | 19.96% | 34.26% | -14.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.89% | 37.66% | -13.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.88% | 30.15% | -9.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.88% | 28.60% | -7.72% |
IVRS vs. DBE - Expense Ratio Comparison
IVRS has a 0.47% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
IVRS vs. DBE - Dividend Comparison
IVRS's dividend yield for the trailing twelve months is around 8.62%, more than DBE's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.26% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
IVRS iShares Future Metaverse Tech And Communications ETF | 8.62% | 7.88% | 6.65% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IVRS and DBE have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (15.07%) compared to IVRS (7.97%). In terms of maximum drawdown, IVRS dropped -31.43% vs DBE's -86.69%.
On 3-year performance, DBE leads with 15.22% vs 7.73% for IVRS. On fees, IVRS is cheaper at 0.47% per year. On volatility, IVRS has been the lower-risk option at 7.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DBE has performed better with a 15.22% return vs 7.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVRS is cheaper with a 0.47% expense ratio, compared with 0.78% for DBE.
IVRS has the higher dividend yield at 8.62%, compared with 2.26% for DBE.
IVRS is categorized as Technology Equities, while DBE is Oil & Gas. IVRS tracks Morningstar Global Metaverse & Virtual Interaction Select Index - Benchmark TR Net, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.47% for IVRS and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.64 vs -0.49), 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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