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IVW vs. DBE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IVW vs. DBE

Last updated Jun 3, 2026

IVW (iShares S&P 500 Growth ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - IVW is a Large Cap Growth Equities fund tracking the S&P 500/Citigroup Growth Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, IVW returned 18.18%/yr vs 11.78%/yr for DBE. At a 0.25 correlation, their price movements are largely independent. IVW charges 0.18%/yr vs 0.78%/yr for DBE.

Performance

IVW vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 Growth ETF (IVW) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IVW achieves a 14.80% return, which is significantly lower than DBE's 79.50% return. Over the past 10 years, IVW has outperformed DBE with an annualized return of 18.18%, while DBE has yielded a comparatively lower 11.78% annualized return.

IVW

1D
-0.15%
1M
8.27%
YTD
14.80%
6M
14.82%
1Y
36.00%
3Y*
28.41%
5Y*
16.48%
10Y*
18.18%

DBE

1D
0.80%
1M
-3.65%
YTD
79.50%
6M
72.59%
1Y
82.31%
3Y*
22.48%
5Y*
19.20%
10Y*
11.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IVW vs. DBE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IVW
iShares S&P 500 Growth ETF		14.80%21.95%35.82%29.83%-29.50%31.80%33.19%30.77%-0.21%27.21%
DBE
Invesco DB Energy Fund		79.50%-2.17%2.96%-12.14%33.77%57.56%-25.91%19.72%-12.95%5.21%

Correlation

The correlation between IVW and DBE is -0.31, 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

-0.31

Correlation (3Y)
Calculated over the trailing 3-year period

-0.07

Correlation (5Y)
Calculated over the trailing 5-year period

0.06

Correlation (10Y)
Calculated over the trailing 10-year period

0.14

Correlation (All Time)
Calculated using the full available price history since Jan 8, 2007

0.25

The correlation between IVW and DBE shifts across timeframes, from -0.31 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P 500 Growth ETF

Invesco DB Energy Fund

Often compared with IVW:
IVW vs. IVVIVW vs. IVEIVW vs. QQQIVW vs. SPYIVW vs. VOOIVW vs. VOOGIVW vs. SPYG
Often compared with DBE:
DBE vs. DBBDBE vs. XLEDBE vs. VDEDBE vs. COMTDBE vs. XLKDBE vs. GLDDBE vs. TIP

Return for Risk

IVW vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IVW
IVW Risk / Return Rank: 6363
Overall Rank
IVW Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
IVW Sortino Ratio Rank: 6666
Sortino Ratio Rank
IVW Omega Ratio Rank: 6464
Omega Ratio Rank
IVW Calmar Ratio Rank: 5353
Calmar Ratio Rank
IVW Martin Ratio Rank: 6262
Martin Ratio Rank
DBE
DBE Risk / Return Rank: 7171
Overall Rank
DBE Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
DBE Sortino Ratio Rank: 6161
Sortino Ratio Rank
DBE Omega Ratio Rank: 6464
Omega Ratio Rank
DBE Calmar Ratio Rank: 9292
Calmar Ratio Rank
DBE Martin Ratio Rank: 6565
Martin Ratio Rank
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.

IVW vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Growth ETF (IVW) 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.

IVWDBEDifference

Sharpe ratio

Return per unit of total volatility

2.29

2.37

-0.09

Sortino ratio

Return per unit of downside risk

3.05

2.91

+0.15

Omega ratio

Gain probability vs. loss probability

1.39

1.39

0.00

Calmar ratio

Return relative to maximum drawdown

2.70

6.10

-3.40

Martin ratio

Return relative to average drawdown

11.16

11.98

-0.82

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVW vs. DBE - Sharpe Ratio Comparison

The current IVW Sharpe Ratio is 2.29, which is comparable to the DBE Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of IVW and DBE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IVWDBEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.29

2.37

-0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.78

0.66

+0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.89

0.42

+0.47

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

0.09

+0.37

Drawdowns

IVW vs. DBE - Drawdown Comparison

The maximum IVW drawdown since its inception was -57.33%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for IVW and DBE.

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Drawdown Indicators

IVWDBEDifference

Max Drawdown

Largest peak-to-trough decline

-57.33%

-86.69%

+29.36%

Max Drawdown (1Y)

Largest decline over 1 year

-13.75%

-14.41%

+0.66%

Max Drawdown (3Y)

Largest decline over 3 years

-22.15%

-23.89%

+1.74%

Max Drawdown (5Y)

Largest decline over 5 years

-32.72%

-38.74%

+6.02%

Max Drawdown (10Y)

Largest decline over 10 years

-32.72%

-60.84%

+28.12%

Current Drawdown

Current decline from peak

-0.15%

-31.85%

+31.70%

Average Drawdown

Average peak-to-trough decline

-17.62%

-57.31%

+39.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.32%

7.34%

-4.02%

Volatility

IVW vs. DBE - Volatility Comparison

The current volatility for iShares S&P 500 Growth ETF (IVW) is 4.11%, while Invesco DB Energy Fund (DBE) has a volatility of 13.47%. This indicates that IVW 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

IVWDBEDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.11%

13.47%

-9.36%

Volatility (6M)

Calculated over the trailing 6-month period

12.34%

30.80%

-18.46%

Volatility (1Y)

Calculated over the trailing 1-year period

15.84%

35.02%

-19.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.16%

29.37%

-8.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.62%

28.33%

-7.71%

IVW vs. DBE - Expense Ratio Comparison

IVW has a 0.18% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

IVW vs. DBE - Dividend Comparison

IVW's dividend yield for the trailing twelve months is around 0.35%, less than DBE's 2.15% yield.

PositionTTM20252024202320222021202020192018201720162015
DBE
Invesco DB Energy Fund		2.15%3.86%6.32%3.87%0.75%0.00%0.00%1.79%1.67%0.00%0.00%0.00%
IVW
iShares S&P 500 Growth ETF		0.35%0.40%0.43%1.03%0.92%0.46%0.82%1.63%1.28%1.30%1.51%1.51%

Frequently Asked Questions

IVW and DBE have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DBE has higher volatility (13.47%) compared to IVW (4.11%). In terms of maximum drawdown, IVW dropped -57.33% vs DBE's -86.69%.

On 10-year performance, IVW leads with 18.18% vs 11.78% for DBE. On fees, IVW is cheaper at 0.18% per year. On volatility, IVW has been the lower-risk option at 4.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IVW has performed better with a 18.18% return vs 11.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IVW is cheaper with a 0.18% expense ratio, compared with 0.78% for DBE.

DBE has the higher dividend yield at 2.15%, compared with 0.35% for IVW.

IVW is categorized as Large Cap Growth Equities, while DBE is Oil & Gas. IVW tracks S&P 500/Citigroup Growth Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.18% for IVW and 0.78% for DBE.

DBE currently has the higher Sharpe Ratio (2.37 vs 2.29), 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.

Portfolio Optimizer

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