MART vs. DBE
MART (Allianzim U.S. Large Cap Buffer10 Mar ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - MART is a Options Trading fund actively managed by Allianz, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. MART is actively managed, while DBE is passively managed. Over the past 3 years, MART returned 16.35%/yr vs 23.42%/yr for DBE. At a correlation of -0.03, they often move in opposite directions. MART charges 0.74%/yr vs 0.78%/yr for DBE.
Performance
MART vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, MART achieves a 8.18% return, which is significantly lower than DBE's 83.68% return.
MART
- 1D
- -0.24%
- 1M
- 2.60%
- YTD
- 8.18%
- 6M
- 9.29%
- 1Y
- 19.86%
- 3Y*
- 16.35%
- 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%
MART vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MART Allianzim U.S. Large Cap Buffer10 Mar ETF | 8.18% | 14.93% | 15.60% | 16.94% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -8.17% |
Correlation
The correlation between MART and DBE is -0.33, 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 | -0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2023 | -0.03 |
Over the past year, the inverse relationship between MART and DBE has strengthened: their correlation has moved from -0.03 to -0.33, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
MART vs. DBE — Risk / Return Rank
MART
DBE
MART vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allianzim U.S. Large Cap Buffer10 Mar ETF (MART) 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.
| MART | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.40 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.76 | 5.89 | -2.13 |
| Martin ratioReturn relative to average drawdown | 21.14 | 11.53 | +9.61 |
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
| MART | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.82 | 2.43 | +0.40 |
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 | 1.79 | 0.09 | +1.70 |
Drawdowns
MART vs. DBE - Drawdown Comparison
The maximum MART drawdown since its inception was -11.61%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for MART and DBE.
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Drawdown Indicators
| MART | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.61% | -86.69% | +75.08% |
Max Drawdown (1Y)Largest decline over 1 year | -5.30% | -14.41% | +9.11% |
Max Drawdown (3Y)Largest decline over 3 years | -11.61% | -23.89% | +12.28% |
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 | -0.33% | -30.27% | +29.94% |
Average DrawdownAverage peak-to-trough decline | -0.90% | -57.31% | +56.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 7.35% | -6.41% |
Volatility
MART vs. DBE - Volatility Comparison
The current volatility for Allianzim U.S. Large Cap Buffer10 Mar ETF (MART) is 1.31%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that MART 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
| MART | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 12.95% | -11.64% |
Volatility (6M)Calculated over the trailing 6-month period | 5.60% | 30.86% | -25.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.07% | 34.97% | -27.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.69% | 29.39% | -19.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.69% | 28.33% | -18.64% |
MART vs. DBE - Expense Ratio Comparison
MART has a 0.74% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
MART vs. DBE - Dividend Comparison
MART has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.10%.
| 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% |
MART Allianzim U.S. Large Cap Buffer10 Mar ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MART and DBE have a correlation of -0.33, 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 MART (1.31%). In terms of maximum drawdown, MART dropped -11.61% vs DBE's -86.69%.
On 3-year performance, DBE leads with 23.42% vs 16.35% for MART. On fees, MART is cheaper at 0.74% per year. On volatility, MART has been the lower-risk option at 1.31%. 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 16.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MART is cheaper with a 0.74% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.10%, compared with 0.00% for MART.
MART is categorized as Options Trading, while DBE is Oil & Gas. They also come from different issuers: Allianz and Invesco. Their fees differ too: 0.74% for MART and 0.78% for DBE.
MART currently has the higher Sharpe Ratio (2.82 vs 2.43), 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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