JNEU vs. DBE
JNEU (AllianzIM U.S. Equity Buffer15 Uncapped Jun ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - JNEU is a Defined Outcome fund actively managed by Allianz, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. JNEU is actively managed, while DBE is passively managed. Over the past year, JNEU returned 17.30% vs 68.62% for DBE. Their -0.13 correlation means they have often moved in opposite directions in the past. JNEU charges 0.74%/yr vs 0.78%/yr for DBE.
Performance
JNEU vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, JNEU achieves a 9.04% return, which is significantly lower than DBE's 78.87% return.
JNEU
- 1D
- 0.48%
- 1M
- 0.06%
- 6M
- 7.56%
- YTD
- 9.04%
- 1Y
- 17.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.81%
DBE
- 1D
- 1.13%
- 1M
- 21.13%
- 6M
- 53.89%
- YTD
- 78.87%
- 1Y
- 68.62%
- 3Y*
- 17.16%
- 5Y*
- 17.73%
- 10Y*
- 13.17%
- ALL TIME*
- 2.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.24M | $1.18M | $1.76M | |
| $141.99K | $99.01K | $160.36K |
JNEU vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JNEU AllianzIM U.S. Equity Buffer15 Uncapped Jun ETF | 9.04% | 11.34% | 8.89% |
DBE Invesco DB Energy Fund | 78.87% | -2.17% | -1.65% |
Correlation
The correlation between JNEU and DBE is -0.28, 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. | -0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024 | -0.13 |
The correlation between JNEU and DBE shifts across timeframes, from -0.28 (1 year) to -0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JNEU vs. DBE — Risk / Return Rank
JNEU
DBE
JNEU vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer15 Uncapped Jun ETF (JNEU) 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.
| JNEU | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.59 | -0.61 |
| Martin ratioReturn relative to average drawdown | 8.13 | 8.14 | -0.01 |
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Drawdowns
JNEU vs. DBE - Drawdown Comparison
The maximum JNEU drawdown since its inception was -13.53%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for JNEU and DBE.
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Drawdown Indicators
| JNEU | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.53% | -86.69% | +73.16% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -24.72% | +16.67% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.72% | — |
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 | -1.39% | -32.09% | +30.70% |
Average DrawdownAverage peak-to-trough decline | -2.01% | -57.13% | +55.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 8.15% | -6.19% |
Volatility
JNEU vs. DBE - Volatility Comparison
The current volatility for AllianzIM U.S. Equity Buffer15 Uncapped Jun ETF (JNEU) is 2.33%, while Invesco DB Energy Fund (DBE) has a volatility of 14.12%. This indicates that JNEU 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
| JNEU | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 14.12% | -11.79% |
Volatility (6M)Calculated over the trailing 6-month period | 8.24% | 33.95% | -25.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.76% | 37.47% | -26.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.82% | 30.09% | -18.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.82% | 28.58% | -16.76% |
JNEU vs. DBE - Expense Ratio Comparison
JNEU has a 0.74% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
JNEU vs. DBE - Dividend Comparison
JNEU has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.16%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.16% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
JNEU AllianzIM U.S. Equity Buffer15 Uncapped Jun ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JNEU 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 (14.12%) compared to JNEU (2.33%). In terms of maximum drawdown, JNEU dropped -13.53% vs DBE's -86.69%.
On 1-year performance, DBE leads with 68.62% vs 17.30% for JNEU. On fees, JNEU is cheaper at 0.74% per year. On volatility, JNEU has been the lower-risk option at 2.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBE has performed better with a 68.62% return vs 17.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JNEU is cheaper with a 0.74% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.16%, compared with 0.00% for JNEU.
JNEU is categorized as Defined Outcome, while DBE is Oil & Gas. They also come from different issuers: Allianz and Invesco. Their fees differ too: 0.74% for JNEU and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.71 vs 1.49), 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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