LEXI vs. DBE
LEXI (Alexis Practical Tactical ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - LEXI is a Tactical Allocation fund actively managed by Alexis, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. LEXI is actively managed, while DBE is passively managed. Over the past 3 years, LEXI returned 19.54%/yr vs 21.68%/yr for DBE. At a 0.12 correlation, their price movements are largely independent. LEXI charges 1.00%/yr vs 0.78%/yr for DBE.
Performance
LEXI vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, LEXI achieves a 11.23% return, which is significantly lower than DBE's 75.49% return.
LEXI
- 1D
- -2.01%
- 1M
- 0.91%
- YTD
- 11.23%
- 6M
- 11.51%
- 1Y
- 27.43%
- 3Y*
- 19.54%
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- -1.98%
- 1M
- -1.03%
- YTD
- 75.49%
- 6M
- 64.58%
- 1Y
- 76.30%
- 3Y*
- 21.68%
- 5Y*
- 18.57%
- 10Y*
- 11.19%
LEXI vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LEXI Alexis Practical Tactical ETF | 11.23% | 19.23% | 16.51% | 16.58% | -14.36% | 8.30% |
DBE Invesco DB Energy Fund | 75.49% | -2.17% | 2.96% | -12.14% | 33.77% | 8.72% |
Correlation
The correlation between LEXI and DBE is -0.34, 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 | -0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2021 | 0.12 |
The correlation between LEXI and DBE shifts across timeframes, from -0.34 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LEXI vs. DBE — Risk / Return Rank
LEXI
DBE
LEXI vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alexis Practical Tactical ETF (LEXI) 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.
| LEXI | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.37 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 5.32 | -1.93 |
| Martin ratioReturn relative to average drawdown | 16.32 | 10.35 | +5.96 |
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
| LEXI | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 2.18 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.63 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.09 | +0.67 |
Drawdowns
LEXI vs. DBE - Drawdown Comparison
The maximum LEXI drawdown since its inception was -22.01%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for LEXI and DBE.
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Drawdown Indicators
| LEXI | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.01% | -86.69% | +64.68% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -14.41% | +6.29% |
Max Drawdown (3Y)Largest decline over 3 years | -15.94% | -23.89% | +7.95% |
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 | -2.01% | -33.38% | +31.37% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -57.30% | +52.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 7.39% | -5.70% |
Volatility
LEXI vs. DBE - Volatility Comparison
The current volatility for Alexis Practical Tactical ETF (LEXI) is 3.37%, while Invesco DB Energy Fund (DBE) has a volatility of 11.07%. This indicates that LEXI 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
| LEXI | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 11.07% | -7.70% |
Volatility (6M)Calculated over the trailing 6-month period | 9.05% | 31.06% | -22.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.85% | 35.12% | -24.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.66% | 29.41% | -14.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.66% | 28.34% | -13.68% |
LEXI vs. DBE - Expense Ratio Comparison
LEXI has a 1.00% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
LEXI vs. DBE - Dividend Comparison
LEXI's dividend yield for the trailing twelve months is around 0.85%, less than DBE's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.20% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
LEXI Alexis Practical Tactical ETF | 0.85% | 0.94% | 2.17% | 1.34% | 0.95% | 0.23% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LEXI and DBE have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (11.07%) compared to LEXI (3.37%). In terms of maximum drawdown, LEXI dropped -22.01% vs DBE's -86.69%.
On 3-year performance, DBE leads with 21.68% vs 19.54% for LEXI. On fees, DBE is cheaper at 0.78% per year. On volatility, LEXI has been the lower-risk option at 3.37%. 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 21.68% return vs 19.54%. 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 1.00% for LEXI.
DBE has the higher dividend yield at 2.20%, compared with 0.85% for LEXI.
LEXI is categorized as Tactical Allocation, while DBE is Oil & Gas. They also come from different issuers: Alexis and Invesco. Their fees differ too: 1.00% for LEXI and 0.78% for DBE.
LEXI currently has the higher Sharpe Ratio (2.54 vs 2.18), 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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