MAMB vs. DBE
MAMB (Monarch Ambassador Income ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - MAMB is a Intermediate Core-Plus Bond fund tracking the Monarch Ambassador Income Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, MAMB returned 0.16%/yr vs 17.73%/yr for DBE. Their -0.07 correlation means they have often moved in opposite directions in the past. MAMB charges 1.49%/yr vs 0.78%/yr for DBE.
Performance
MAMB vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, MAMB achieves a -0.37% return, which is significantly lower than DBE's 78.87% return.
MAMB
- 1D
- -0.45%
- 1M
- -1.94%
- 6M
- -1.83%
- YTD
- -0.37%
- 1Y
- 4.18%
- 3Y*
- 5.01%
- 5Y*
- 0.16%
- 10Y*
- —
- ALL TIME*
- 0.58%
DBE
- 1D
- 1.13%
- 1M
- 21.13%
- 6M
- 53.89%
- YTD
- 78.87%
- 1Y
- 68.62%
- 3Y*
- 17.16%
- 5Y*
- 17.73%
- 10Y*
- 13.17%
- ALL TIME*
- 2.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.24M | $1.18M | $1.76M | |
| $478.75K | $740.46K | $535.13K |
MAMB vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MAMB Monarch Ambassador Income ETF | -0.37% | 10.69% | 1.32% | 4.90% | -13.02% | 1.17% |
DBE Invesco DB Energy Fund | 78.87% | -2.17% | 2.96% | -12.14% | 33.77% | 34.07% |
Correlation
The correlation between MAMB and DBE is -0.35, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.35 |
Correlation (3Y) Balances recent behavior with more history. | -0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.07 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2021 | -0.07 |
Over the past year, the inverse relationship between MAMB and DBE has strengthened: their correlation has moved from -0.07 to -0.35, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
MAMB vs. DBE — Risk / Return Rank
MAMB
DBE
MAMB vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Monarch Ambassador Income ETF (MAMB) 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.
| MAMB | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.29 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 2.59 | -1.30 |
| Martin ratioReturn relative to average drawdown | 3.13 | 8.14 | -5.01 |
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Drawdowns
MAMB vs. DBE - Drawdown Comparison
The maximum MAMB drawdown since its inception was -19.33%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for MAMB and DBE.
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Drawdown Indicators
| MAMB | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.33% | -86.69% | +67.36% |
Max Drawdown (1Y)Largest decline over 1 year | -3.94% | -24.72% | +20.78% |
Max Drawdown (3Y)Largest decline over 3 years | -5.71% | -24.72% | +19.01% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | -38.74% | +19.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -3.94% | -32.09% | +28.15% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -57.13% | +49.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 8.15% | -6.52% |
Volatility
MAMB vs. DBE - Volatility Comparison
The current volatility for Monarch Ambassador Income ETF (MAMB) is 1.53%, while Invesco DB Energy Fund (DBE) has a volatility of 14.12%. This indicates that MAMB 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
| MAMB | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 14.12% | -12.59% |
Volatility (6M)Calculated over the trailing 6-month period | 4.48% | 33.95% | -29.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.70% | 37.47% | -31.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.05% | 30.09% | -23.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.87% | 28.58% | -21.71% |
MAMB vs. DBE - Expense Ratio Comparison
MAMB has a 1.49% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
MAMB vs. DBE - Dividend Comparison
MAMB's dividend yield for the trailing twelve months is around 2.71%, more than DBE's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.16% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
MAMB Monarch Ambassador Income ETF | 2.71% | 2.47% | 2.11% | 1.73% | 0.92% | 0.56% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MAMB and DBE have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (14.12%) compared to MAMB (1.53%). In terms of maximum drawdown, MAMB dropped -19.33% vs DBE's -86.69%.
On 5-year performance, DBE leads with 17.73% vs 0.16% for MAMB. On fees, DBE is cheaper at 0.78% per year. On volatility, MAMB has been the lower-risk option at 1.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBE has performed better with a 17.73% return vs 0.16%. 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 1.49% for MAMB.
MAMB has the higher dividend yield at 2.71%, compared with 2.16% for DBE.
MAMB is categorized as Intermediate Core-Plus Bond, while DBE is Oil & Gas. MAMB tracks Monarch Ambassador Income Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Monarch and Invesco. Their fees differ too: 1.49% for MAMB and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.71 vs 0.89), 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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