JPSV vs. DBE
JPSV (Jpmorgan Active Small Cap Value ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - JPSV is a Small Cap Value Equities fund actively managed by JPMorgan, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. JPSV is actively managed, while DBE is passively managed. Over the past 3 years, JPSV returned 12.02%/yr vs 17.16%/yr for DBE. Their -0.00 correlation means they have often moved in opposite directions in the past. JPSV charges 0.74%/yr vs 0.78%/yr for DBE.
Performance
JPSV vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, JPSV achieves a 20.54% return, which is significantly lower than DBE's 78.87% return.
JPSV
- 1D
- -0.41%
- 1M
- 1.65%
- 6M
- 15.01%
- YTD
- 20.54%
- 1Y
- 28.04%
- 3Y*
- 12.02%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.57%
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 | |
| $36.85K | $31.70K | $48.03K |
JPSV vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JPSV Jpmorgan Active Small Cap Value ETF | 20.54% | 0.63% | 8.73% | 9.99% |
DBE Invesco DB Energy Fund | 78.87% | -2.17% | 2.96% | -7.41% |
Correlation
The correlation between JPSV and DBE is -0.31, 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. | -0.31 |
Correlation (3Y) Balances recent behavior with more history. | -0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2023 | -0.00 |
Over the past year, the inverse relationship between JPSV and DBE has strengthened: their correlation has moved from -0.00 to -0.31, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
JPSV vs. DBE — Risk / Return Rank
JPSV
DBE
JPSV vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Active Small Cap Value ETF (JPSV) 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.
| JPSV | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.59 | +0.36 |
| Martin ratioReturn relative to average drawdown | 8.39 | 8.14 | +0.25 |
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Drawdowns
JPSV vs. DBE - Drawdown Comparison
The maximum JPSV drawdown since its inception was -22.78%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for JPSV and DBE.
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Drawdown Indicators
| JPSV | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.78% | -86.69% | +63.91% |
Max Drawdown (1Y)Largest decline over 1 year | -9.02% | -24.72% | +15.70% |
Max Drawdown (3Y)Largest decline over 3 years | -22.78% | -24.72% | +1.94% |
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 | -1.43% | -32.09% | +30.66% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -57.13% | +51.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 8.15% | -4.98% |
Volatility
JPSV vs. DBE - Volatility Comparison
The current volatility for Jpmorgan Active Small Cap Value ETF (JPSV) is 3.69%, while Invesco DB Energy Fund (DBE) has a volatility of 14.12%. This indicates that JPSV 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
| JPSV | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 14.12% | -10.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 33.95% | -24.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 37.47% | -22.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.71% | 30.09% | -12.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.71% | 28.58% | -10.87% |
JPSV vs. DBE - Expense Ratio Comparison
JPSV has a 0.74% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
JPSV vs. DBE - Dividend Comparison
JPSV's dividend yield for the trailing twelve months is around 1.18%, less than DBE's 2.16% yield.
| 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% |
JPSV Jpmorgan Active Small Cap Value ETF | 1.18% | 1.42% | 1.21% | 1.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPSV 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 (14.12%) compared to JPSV (3.69%). In terms of maximum drawdown, JPSV dropped -22.78% vs DBE's -86.69%.
On 3-year performance, DBE leads with 17.16% vs 12.02% for JPSV. On fees, JPSV is cheaper at 0.74% per year. On volatility, JPSV has been the lower-risk option at 3.69%. 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 17.16% return vs 12.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPSV 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 1.18% for JPSV.
JPSV is categorized as Small Cap Value Equities, while DBE is Oil & Gas. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.74% for JPSV and 0.78% for DBE.
JPSV currently has the higher Sharpe Ratio (1.77 vs 1.71), 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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