MINV vs. DBE
MINV (Matthews Asia Innovators Active ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - MINV is a Asia Pacific Equities fund actively managed by Matthews, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. MINV is actively managed, while DBE is passively managed. Over the past 3 years, MINV returned 34.15%/yr vs 23.42%/yr for DBE. At a 0.06 correlation, their price movements are largely independent. MINV charges 0.79%/yr vs 0.78%/yr for DBE.
Performance
MINV vs. DBE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MINV achieves a 58.70% return, which is significantly lower than DBE's 83.68% return.
MINV
- 1D
- -1.11%
- 1M
- 14.54%
- YTD
- 58.70%
- 6M
- 60.02%
- 1Y
- 93.90%
- 3Y*
- 34.15%
- 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%
MINV vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MINV Matthews Asia Innovators Active ETF | 58.70% | 30.85% | 17.32% | -2.66% | -3.11% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | -5.47% |
Correlation
The correlation between MINV and DBE is -0.29, 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 | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2022 | 0.06 |
The correlation between MINV and DBE shifts across timeframes, from -0.29 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MINV vs. DBE — Risk / Return Rank
MINV
DBE
MINV vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Asia Innovators Active ETF (MINV) 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.
| MINV | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.40 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 8.68 | 5.89 | +2.79 |
| Martin ratioReturn relative to average drawdown | 23.03 | 11.53 | +11.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MINV | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.76 | 2.43 | +1.33 |
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 | 1.01 | 0.09 | +0.92 |
Drawdowns
MINV vs. DBE - Drawdown Comparison
The maximum MINV drawdown since its inception was -23.49%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for MINV and DBE.
Loading charts...
Drawdown Indicators
| MINV | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.49% | -86.69% | +63.20% |
Max Drawdown (1Y)Largest decline over 1 year | -10.88% | -14.41% | +3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -19.82% | -23.89% | +4.07% |
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 | -1.89% | -30.27% | +28.38% |
Average DrawdownAverage peak-to-trough decline | -8.07% | -57.31% | +49.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 7.35% | -3.26% |
Volatility
MINV vs. DBE - Volatility Comparison
The current volatility for Matthews Asia Innovators Active ETF (MINV) is 10.63%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that MINV 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.
Loading charts...
Volatility by Period
| MINV | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.63% | 12.95% | -2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 21.20% | 30.86% | -9.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.11% | 34.97% | -9.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.74% | 29.39% | -5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.74% | 28.33% | -4.59% |
MINV vs. DBE - Expense Ratio Comparison
MINV has a 0.79% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
MINV vs. DBE - Dividend Comparison
MINV's dividend yield for the trailing twelve months is around 0.95%, less 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% |
MINV Matthews Asia Innovators Active ETF | 0.95% | 1.51% | 0.25% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MINV and DBE have a correlation of -0.29, 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 MINV (10.63%). In terms of maximum drawdown, MINV dropped -23.49% vs DBE's -86.69%.
On 3-year performance, MINV leads with 34.15% vs 23.42% for DBE. On fees, DBE is cheaper at 0.78% per year. On volatility, MINV has been the lower-risk option at 10.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MINV has performed better with a 34.15% return vs 23.42%. 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 0.79% for MINV.
DBE has the higher dividend yield at 2.10%, compared with 0.95% for MINV.
MINV is categorized as Asia Pacific Equities, while DBE is Oil & Gas. They also come from different issuers: Matthews and Invesco. Their fees differ too: 0.79% for MINV and 0.78% for DBE.
MINV currently has the higher Sharpe Ratio (3.76 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.
Find the right allocation for MINV and DBE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer