KROP vs. DBE
KROP (Global X AgTech & Food Innovation ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - KROP is a Technology Equities fund tracking the Solactive AgTech & Food Innovation Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 3 years, KROP returned 0.81%/yr vs 23.42%/yr for DBE. At a 0.17 correlation, their price movements are largely independent. KROP charges 0.50%/yr vs 0.78%/yr for DBE.
Performance
KROP vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, KROP achieves a 16.34% return, which is significantly lower than DBE's 83.68% return.
KROP
- 1D
- 0.21%
- 1M
- -0.06%
- YTD
- 16.34%
- 6M
- 14.63%
- 1Y
- 13.67%
- 3Y*
- 0.81%
- 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%
KROP vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KROP Global X AgTech & Food Innovation ETF | 16.34% | 7.95% | -8.74% | -23.86% | -27.23% | -18.75% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | 9.35% |
Correlation
The correlation between KROP and DBE is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021 | 0.17 |
The correlation between KROP and DBE shifts across timeframes, from -0.06 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KROP vs. DBE — Risk / Return Rank
KROP
DBE
KROP vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X AgTech & Food Innovation ETF (KROP) 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.
| KROP | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.40 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 5.89 | -4.67 |
| Martin ratioReturn relative to average drawdown | 2.75 | 11.53 | -8.78 |
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
| KROP | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 2.43 | -1.57 |
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 | -0.57 | 0.09 | -0.67 |
Drawdowns
KROP vs. DBE - Drawdown Comparison
The maximum KROP drawdown since its inception was -61.96%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for KROP and DBE.
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Drawdown Indicators
| KROP | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.96% | -86.69% | +24.73% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -14.41% | +3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -28.70% | -23.89% | -4.81% |
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 | -49.05% | -30.27% | -18.78% |
Average DrawdownAverage peak-to-trough decline | -44.50% | -57.31% | +12.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.99% | 7.35% | -2.36% |
Volatility
KROP vs. DBE - Volatility Comparison
The current volatility for Global X AgTech & Food Innovation ETF (KROP) is 4.77%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that KROP 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
| KROP | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 12.95% | -8.18% |
Volatility (6M)Calculated over the trailing 6-month period | 12.01% | 30.86% | -18.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 34.97% | -18.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.28% | 29.39% | -7.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.28% | 28.33% | -6.05% |
KROP vs. DBE - Expense Ratio Comparison
KROP has a 0.50% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
KROP vs. DBE - Dividend Comparison
KROP's dividend yield for the trailing twelve months is around 2.35%, 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% |
KROP Global X AgTech & Food Innovation ETF | 2.35% | 2.73% | 1.89% | 1.36% | 0.71% | 0.69% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KROP and DBE have a correlation of -0.06, 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 KROP (4.77%). In terms of maximum drawdown, KROP dropped -61.96% vs DBE's -86.69%.
On 3-year performance, DBE leads with 23.42% vs 0.81% for KROP. On fees, KROP is cheaper at 0.50% per year. On volatility, KROP has been the lower-risk option at 4.77%. 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 0.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KROP is cheaper with a 0.50% expense ratio, compared with 0.78% for DBE.
KROP has the higher dividend yield at 2.35%, compared with 2.10% for DBE.
KROP is categorized as Technology Equities, while DBE is Oil & Gas. KROP tracks Solactive AgTech & Food Innovation Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.50% for KROP and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.43 vs 0.86), 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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