KDRN vs. DBE
KDRN (Kingsbarn Tactical Bond ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - KDRN is a Intermediate Core-Plus Bond fund actively managed by Kingsbarn, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. KDRN is actively managed, while DBE is passively managed. Over the past 3 years, KDRN returned 3.52%/yr vs 23.42%/yr for DBE. At a correlation of -0.12, they often move in opposite directions. KDRN charges 1.09%/yr vs 0.78%/yr for DBE.
Performance
KDRN vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, KDRN achieves a 1.24% return, which is significantly lower than DBE's 83.68% return.
KDRN
- 1D
- 0.04%
- 1M
- 0.24%
- YTD
- 1.24%
- 6M
- 0.92%
- 1Y
- 3.43%
- 3Y*
- 3.52%
- 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%
KDRN vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KDRN Kingsbarn Tactical Bond ETF | 1.24% | 4.65% | 1.30% | 10.06% | -12.05% | 0.12% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | 3.08% |
Correlation
The correlation between KDRN 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 | -0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2021 | -0.12 |
The correlation between KDRN and DBE shifts across timeframes, from -0.31 (1 year) to -0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KDRN vs. DBE — Risk / Return Rank
KDRN
DBE
KDRN vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kingsbarn Tactical Bond ETF (KDRN) 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.
| KDRN | DBE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 2.43 | -1.45 |
Sortino ratioReturn per unit of downside risk | 1.42 | 2.96 | -1.53 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.40 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 5.89 | -4.13 |
Martin ratioReturn relative to average drawdown | 3.48 | 11.53 | -8.05 |
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
| KDRN | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 2.43 | -1.45 |
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 | 0.14 | 0.09 | +0.04 |
Drawdowns
KDRN vs. DBE - Drawdown Comparison
The maximum KDRN drawdown since its inception was -15.29%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for KDRN and DBE.
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Drawdown Indicators
| KDRN | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.29% | -86.69% | +71.40% |
Max Drawdown (1Y)Largest decline over 1 year | -1.77% | -14.41% | +12.64% |
Max Drawdown (3Y)Largest decline over 3 years | -4.94% | -23.89% | +18.95% |
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 | -0.79% | -30.27% | +29.48% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -57.31% | +52.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 7.35% | -6.46% |
Volatility
KDRN vs. DBE - Volatility Comparison
The current volatility for Kingsbarn Tactical Bond ETF (KDRN) is 0.75%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that KDRN 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
| KDRN | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 12.95% | -12.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 30.86% | -28.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 34.97% | -31.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.61% | 29.39% | -22.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.61% | 28.33% | -21.72% |
KDRN vs. DBE - Expense Ratio Comparison
KDRN has a 1.09% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
KDRN vs. DBE - Dividend Comparison
KDRN's dividend yield for the trailing twelve months is around 3.11%, 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% |
KDRN Kingsbarn Tactical Bond ETF | 3.11% | 2.54% | 2.83% | 2.84% | 2.11% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KDRN 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 (12.95%) compared to KDRN (0.75%). In terms of maximum drawdown, KDRN dropped -15.29% vs DBE's -86.69%.
On 3-year performance, DBE leads with 23.42% vs 3.52% for KDRN. On fees, DBE is cheaper at 0.78% per year. On volatility, KDRN has been the lower-risk option at 0.75%. 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 3.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 1.09% for KDRN.
KDRN has the higher dividend yield at 3.11%, compared with 2.10% for DBE.
KDRN is categorized as Intermediate Core-Plus Bond, while DBE is Oil & Gas. They also come from different issuers: Kingsbarn and Invesco. Their fees differ too: 1.09% for KDRN and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.43 vs 0.97), 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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