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 9.46%/yr vs 23.42%/yr for DBE. At a correlation of -0.03, they often move in opposite directions. 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 -5.51% return, which is significantly lower than DBE's 83.68% return.
IVRS
- 1D
- -2.21%
- 1M
- 1.13%
- YTD
- -5.51%
- 6M
- -8.57%
- 1Y
- -1.11%
- 3Y*
- 9.46%
- 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%
IVRS vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IVRS iShares Future Metaverse Tech And Communications ETF | -5.51% | 12.75% | 7.40% | 28.15% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -6.61% |
Correlation
The correlation between IVRS and DBE is -0.28, 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 | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2023 | -0.03 |
Over the past year, the inverse relationship between IVRS and DBE has strengthened: their correlation has moved from -0.03 to -0.28, 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.
| IVRS | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.48 | ||
| Sortino ratioReturn per unit of downside risk | -2.88 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.40 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 5.89 | -5.93 |
| Martin ratioReturn relative to average drawdown | -0.08 | 11.53 | -11.61 |
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
| IVRS | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 2.43 | -2.48 |
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 | 0.61 | 0.09 | +0.51 |
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% | -14.41% | -17.02% |
Max Drawdown (3Y)Largest decline over 3 years | -31.43% | -23.89% | -7.54% |
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 | -18.72% | -30.27% | +11.55% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -57.31% | +51.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.55% | 7.35% | +7.20% |
Volatility
IVRS vs. DBE - Volatility Comparison
The current volatility for iShares Future Metaverse Tech And Communications ETF (IVRS) is 5.53%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. 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 | 5.53% | 12.95% | -7.42% |
Volatility (6M)Calculated over the trailing 6-month period | 18.59% | 30.86% | -12.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.85% | 34.97% | -13.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.49% | 29.39% | -8.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.49% | 28.33% | -7.84% |
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 8.34%, 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% |
IVRS iShares Future Metaverse Tech And Communications ETF | 8.34% | 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 -0.28, 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 IVRS (5.53%). In terms of maximum drawdown, IVRS dropped -31.43% vs DBE's -86.69%.
On 3-year performance, DBE leads with 23.42% vs 9.46% for IVRS. On fees, IVRS is cheaper at 0.47% per year. On volatility, IVRS has been the lower-risk option at 5.53%. 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 23.42% return vs 9.46%. 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 8.34%, compared with 2.10% 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 (2.43 vs -0.05), 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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