KJUN vs. DBE

Last updated Jun 24, 2026

KJUN (Innovator U.S. Small Cap Power Buffer ETF - June) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - KJUN is a Defined Outcome fund actively managed by Innovator, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. KJUN is actively managed, while DBE is passively managed. Over the past year, KJUN returned 15.44% vs 43.95% for DBE. At a correlation of -0.05, they often move in opposite directions. KJUN charges 0.79%/yr vs 0.78%/yr for DBE.

Performance

KJUN vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Small Cap Power Buffer ETF - June (KJUN) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KJUN achieves a 5.91% return, which is significantly lower than DBE's 53.97% return.

KJUN

• 1D: -0.44%
• 1M: 1.30%
• YTD: 5.91%
• 6M: 5.46%
• 1Y: 15.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBE

• 1D: -0.63%
• 1M: -16.23%
• YTD: 53.97%
• 6M: 50.93%
• 1Y: 43.95%
• 3Y*: 16.83%
• 5Y*: 14.66%
• 10Y*: 10.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

KJUN vs. DBE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KJUN Innovator U.S. Small Cap Power Buffer ETF - June	5.91%	3.79%	5.66%
DBE Invesco DB Energy Fund	53.97%	-2.17%	-1.65%

Correlation

The correlation between KJUN and DBE is -0.22, 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	-0.22
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024	-0.05

The correlation between KJUN and DBE shifts across timeframes, from -0.22 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

KJUN vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KJUN

KJUN Risk / Return Rank: 85
KJUN Sharpe Ratio Rank: 77
KJUN Sortino Ratio Rank: 82
KJUN Omega Ratio Rank: 83
KJUN Calmar Ratio Rank: 92
KJUN Martin Ratio Rank: 94

DBE

DBE Risk / Return Rank: 40
DBE Sharpe Ratio Rank: 37
DBE Sortino Ratio Rank: 37
DBE Omega Ratio Rank: 37
DBE Calmar Ratio Rank: 44
DBE Martin Ratio Rank: 44

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.

KJUN vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Small Cap Power Buffer ETF - June (KJUN) 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.

	KJUN	DBE	Difference
Sharpe ratio: Return per unit of total volatility	2.20	1.27	+0.93
Sortino ratio: Return per unit of downside risk	3.26	1.84	+1.43
Omega ratio: Gain probability vs. loss probability	1.44	1.23	+0.21
Calmar ratio: Return relative to maximum drawdown	5.62	2.07	+3.54
Martin ratio: Return relative to average drawdown	22.81	6.89	+15.92

KJUN vs. DBE - Sharpe Ratio Comparison

The current KJUN Sharpe Ratio is 2.20, which is higher than the DBE Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of KJUN 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.

Drawdowns

KJUN vs. DBE - Drawdown Comparison

The maximum KJUN drawdown since its inception was -14.44%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for KJUN and DBE.

Drawdown Indicators

	KJUN	DBE	Difference
Max Drawdown Largest peak-to-trough decline	-14.44%	-86.69%	+72.25%
Max Drawdown (1Y) Largest decline over 1 year	-2.76%	-21.28%	+18.52%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.89%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-60.84%	—
Current Drawdown Current decline from peak	-0.44%	-41.55%	+41.11%
Average Drawdown Average peak-to-trough decline	-2.70%	-57.24%	+54.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	6.42%	-5.74%

Volatility

KJUN vs. DBE - Volatility Comparison

The current volatility for Innovator U.S. Small Cap Power Buffer ETF - June (KJUN) is 3.38%, while Invesco DB Energy Fund (DBE) has a volatility of 9.37%. This indicates that KJUN 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.

Volatility by Period

	KJUN	DBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	9.37%	-5.99%
Volatility (6M) Calculated over the trailing 6-month period	4.77%	31.44%	-26.67%
Volatility (1Y) Calculated over the trailing 1-year period	7.09%	35.27%	-28.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.00%	29.58%	-19.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.00%	28.34%	-18.34%

KJUN vs. DBE - Expense Ratio Comparison

KJUN has a 0.79% expense ratio, which is higher than DBE's 0.78% expense ratio.

Dividends

KJUN vs. DBE - Dividend Comparison

KJUN has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.51%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBE Invesco DB Energy Fund	2.51%	3.86%	6.32%	3.87%	0.75%	0.00%	0.00%	1.79%	1.67%
KJUN Innovator U.S. Small Cap Power Buffer ETF - June	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KJUN and DBE in my portfolio?

KJUN and DBE have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KJUN or DBE?

DBE has higher volatility (9.37%) compared to KJUN (3.38%). In terms of maximum drawdown, KJUN dropped -14.44% vs DBE's -86.69%.

Which ETF is better, KJUN or DBE?

On 1-year performance, DBE leads with 43.95% vs 15.44% for KJUN. On fees, DBE is cheaper at 0.78% per year. On volatility, KJUN has been the lower-risk option at 3.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KJUN or DBE?

Over the 1-year period, DBE has performed better with a 43.95% return vs 15.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KJUN or DBE?

DBE is cheaper with a 0.78% expense ratio, compared with 0.79% for KJUN.

Which ETF pays a higher dividend yield, KJUN or DBE?

DBE has the higher dividend yield at 2.51%, compared with 0.00% for KJUN.

What is the main difference between KJUN and DBE?

KJUN is categorized as Defined Outcome, while DBE is Oil & Gas. They also come from different issuers: Innovator and Invesco. Their fees differ too: 0.79% for KJUN and 0.78% for DBE.

Which has better risk-adjusted returns?

KJUN currently has the higher Sharpe Ratio (2.20 vs 1.27), 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.