KRMA vs. DBE
KRMA (Global X Conscious Companies ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - KRMA is a Large Cap Growth Equities fund tracking the Concinnity Conscious Companies Index GTR Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, KRMA returned 13.60%/yr vs 11.80%/yr for DBE. At a 0.18 correlation, their price movements are largely independent. KRMA charges 0.43%/yr vs 0.78%/yr for DBE.
Performance
KRMA vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, KRMA achieves a 10.25% return, which is significantly lower than DBE's 73.49% return. Over the past 10 years, KRMA has outperformed DBE with an annualized return of 13.60%, while DBE has yielded a comparatively lower 11.80% annualized return.
KRMA
- 1D
- -0.74%
- 1M
- 2.00%
- 6M
- 9.15%
- YTD
- 10.25%
- 1Y
- 19.46%
- 3Y*
- 16.14%
- 5Y*
- 10.10%
- 10Y*
- 13.60%
DBE
- 1D
- 3.03%
- 1M
- 10.58%
- 6M
- 68.61%
- YTD
- 73.49%
- 1Y
- 60.38%
- 3Y*
- 18.58%
- 5Y*
- 17.80%
- 10Y*
- 11.80%
KRMA vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KRMA Global X Conscious Companies ETF | 10.25% | 13.98% | 18.12% | 22.08% | -18.96% | 27.71% | 17.53% | 30.07% | -3.89% | 22.92% |
DBE Invesco DB Energy Fund | 73.49% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between KRMA and DBE is -0.28, 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 | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2016 | 0.18 |
The correlation between KRMA and DBE shifts across timeframes, from -0.28 (1 year) to 0.18 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
KRMA vs. DBE — Risk / Return Rank
KRMA
DBE
KRMA vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Conscious Companies ETF (KRMA) 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.
| KRMA | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.45 | -0.19 |
| Martin ratioReturn relative to average drawdown | 8.30 | 7.31 | +0.99 |
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Drawdowns
KRMA vs. DBE - Drawdown Comparison
The maximum KRMA drawdown since its inception was -36.16%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for KRMA and DBE.
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Drawdown Indicators
| KRMA | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.16% | -86.69% | +50.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.62% | -24.72% | +16.10% |
Max Drawdown (3Y)Largest decline over 3 years | -19.41% | -24.72% | +5.31% |
Max Drawdown (5Y)Largest decline over 5 years | -26.12% | -38.74% | +12.62% |
Max Drawdown (10Y)Largest decline over 10 years | -36.16% | -60.84% | +24.68% |
Current DrawdownCurrent decline from peak | -2.40% | -34.14% | +31.74% |
Average DrawdownAverage peak-to-trough decline | -4.89% | -57.18% | +52.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 8.29% | -5.94% |
Volatility
KRMA vs. DBE - Volatility Comparison
The current volatility for Global X Conscious Companies ETF (KRMA) is 2.92%, while Invesco DB Energy Fund (DBE) has a volatility of 11.46%. This indicates that KRMA 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
| KRMA | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 11.46% | -8.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.02% | 32.74% | -22.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.69% | 36.10% | -23.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 29.90% | -12.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.47% | 28.41% | -9.94% |
KRMA vs. DBE - Expense Ratio Comparison
KRMA has a 0.43% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
KRMA vs. DBE - Dividend Comparison
KRMA's dividend yield for the trailing twelve months is around 2.38%, more than DBE's 2.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.23% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% |
KRMA Global X Conscious Companies ETF | 2.38% | 2.59% | 0.91% | 1.16% | 0.86% | 1.07% | 0.96% | 1.52% | 1.82% | 1.21% | 0.96% |
Frequently Asked Questions
KRMA 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 (11.46%) compared to KRMA (2.92%). In terms of maximum drawdown, KRMA dropped -36.16% vs DBE's -86.69%.
On 10-year performance, KRMA leads with 13.60% vs 11.80% for DBE. On fees, KRMA is cheaper at 0.43% per year. On volatility, KRMA has been the lower-risk option at 2.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, KRMA has performed better with a 13.60% return vs 11.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KRMA is cheaper with a 0.43% expense ratio, compared with 0.78% for DBE.
KRMA has the higher dividend yield at 2.38%, compared with 2.23% for DBE.
KRMA is categorized as Large Cap Growth Equities, while DBE is Oil & Gas. KRMA tracks Concinnity Conscious Companies Index GTR Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.43% for KRMA and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.68 vs 1.54), 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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