MFIG vs. DBO

Last updated Aug 2, 2026

MFIG (Motley Fool Innovative Growth Factor ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - MFIG is a Large Cap Growth Equities fund tracking the Motley Fool Innovative Growth Index, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. Both are passively managed. Their -0.34 correlation means they have often moved in opposite directions in the past. MFIG charges 0.50%/yr vs 0.78%/yr for DBO.

Performance

MFIG vs. DBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Motley Fool Innovative Growth Factor ETF (MFIG) and Invesco DB Oil Fund (DBO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MFIG achieves a 2.59% return, which is significantly lower than DBO's 76.48% return.

MFIG

• 1D: -0.13%
• 1M: -2.33%
• 6M: 4.85%
• YTD: 2.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

DBO

• 1D: 1.56%
• 1M: 24.59%
• 6M: 53.46%
• YTD: 76.48%
• 1Y: 60.30%
• 3Y*: 14.86%
• 5Y*: 13.46%
• 10Y*: 12.59%
• ALL TIME*: 0.52%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DBO Invesco DB Oil Fund	$11.01M	$10.23M	$13.95M
MFIG Motley Fool Innovative Growth Factor ETF	$110.73K	$153.60K	$228.83K

MFIG vs. DBO - Yearly Performance Comparison

	2026 (YTD)	2025
MFIG Motley Fool Innovative Growth Factor ETF	2.59%	-0.09%
DBO Invesco DB Oil Fund	76.48%	-1.68%

Correlation

The correlation between MFIG and DBO is -0.34, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025	-0.34

Return for Risk

MFIG vs. DBO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MFIG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

DBO

DBO Risk / Return Rank: 58
DBO Sharpe Ratio Rank: 62
DBO Sortino Ratio Rank: 61
DBO Omega Ratio Rank: 57
DBO Calmar Ratio Rank: 57
DBO Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MFIG vs. DBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Motley Fool Innovative Growth Factor ETF (MFIG) and Invesco DB Oil Fund (DBO). 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.

	MFIG	DBO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.45	—
Sortino ratio: Return per unit of downside risk	—	2.05	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.01	—
Martin ratio: Return relative to average drawdown	—	6.09	—

Drawdowns

MFIG vs. DBO - Drawdown Comparison

The maximum MFIG drawdown since its inception was -14.29%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for MFIG and DBO.

Drawdown Indicators

	MFIG	DBO	Difference
Max Drawdown Largest peak-to-trough decline	-14.29%	-90.18%	+75.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-27.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-28.20%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-61.69%	—
Current Drawdown Current decline from peak	-3.76%	-53.56%	+49.80%
Average Drawdown Average peak-to-trough decline	-4.34%	-62.20%	+57.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.96%	—

Volatility

Volatility by Period

	MFIG	DBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.77%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.77%	38.53%	-21.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.77%	33.35%	-16.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.77%	32.20%	-15.43%

MFIG vs. DBO - Expense Ratio Comparison

MFIG has a 0.50% expense ratio, which is lower than DBO's 0.78% expense ratio.

Dividends

MFIG vs. DBO - Dividend Comparison

MFIG has not paid dividends to shareholders, while DBO's dividend yield for the trailing twelve months is around 1.99%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBO Invesco DB Oil Fund	1.99%	3.51%	4.68%	4.59%	0.66%	0.00%	0.00%	1.63%	1.58%
MFIG Motley Fool Innovative Growth Factor ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MFIG and DBO in my portfolio?

MFIG and DBO 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.

Which ETF is better, MFIG or DBO?

On fees, MFIG is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MFIG or DBO?

MFIG is cheaper with a 0.50% expense ratio, compared with 0.78% for DBO.

Which ETF pays a higher dividend yield, MFIG or DBO?

DBO has the higher dividend yield at 1.99%, compared with 0.00% for MFIG.

What is the main difference between MFIG and DBO?

MFIG is categorized as Large Cap Growth Equities, while DBO is Oil & Gas. MFIG tracks Motley Fool Innovative Growth Index, while DBO tracks DBIQ Optimum Yield Crude Oil Index Excess Return. They also come from different issuers: Motley Fool and Invesco. Their fees differ too: 0.50% for MFIG and 0.78% for DBO.