NAPR vs. DBE
NAPR (Innovator Nasdaq-100 Power Buffer ETF - April) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - NAPR is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, NAPR returned 10.10%/yr vs 19.66%/yr for DBE. At a 0.06 correlation, their price movements are largely independent. NAPR charges 0.79%/yr vs 0.78%/yr for DBE.
Performance
NAPR vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, NAPR achieves a 10.51% return, which is significantly lower than DBE's 83.68% return.
NAPR
- 1D
- -0.12%
- 1M
- 2.09%
- YTD
- 10.51%
- 6M
- 11.15%
- 1Y
- 18.45%
- 3Y*
- 13.26%
- 5Y*
- 10.10%
- 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%
NAPR vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NAPR Innovator Nasdaq-100 Power Buffer ETF - April | 10.51% | 6.56% | 13.29% | 30.60% | -12.13% | 9.09% | 15.90% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | 37.91% |
Correlation
The correlation between NAPR and DBE is -0.28, 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 | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2020 | 0.06 |
The correlation between NAPR and DBE shifts across timeframes, from -0.28 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NAPR vs. DBE — Risk / Return Rank
NAPR
DBE
NAPR vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 Power Buffer ETF - April (NAPR) 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.
| NAPR | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.35 | ||
| Sortino ratioReturn per unit of downside risk | +5.70 | ||
| Omega ratioGain probability vs. loss probability | 2.18 | 1.40 | +0.78 |
| Calmar ratioReturn relative to maximum drawdown | 14.95 | 5.89 | +9.06 |
| Martin ratioReturn relative to average drawdown | 84.84 | 11.53 | +73.31 |
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
| NAPR | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.78 | 2.43 | +2.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.67 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.09 | +0.97 |
Drawdowns
NAPR vs. DBE - Drawdown Comparison
The maximum NAPR drawdown since its inception was -16.53%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for NAPR and DBE.
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Drawdown Indicators
| NAPR | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.53% | -86.69% | +70.16% |
Max Drawdown (1Y)Largest decline over 1 year | -1.24% | -14.41% | +13.17% |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | -23.89% | +9.37% |
Max Drawdown (5Y)Largest decline over 5 years | -16.53% | -38.74% | +22.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -0.12% | -30.27% | +30.15% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -57.31% | +55.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 7.35% | -7.13% |
Volatility
NAPR vs. DBE - Volatility Comparison
The current volatility for Innovator Nasdaq-100 Power Buffer ETF - April (NAPR) is 1.10%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that NAPR 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
| NAPR | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 12.95% | -11.85% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 30.86% | -28.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 34.97% | -31.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.27% | 29.39% | -18.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.61% | 28.33% | -17.72% |
NAPR vs. DBE - Expense Ratio Comparison
NAPR has a 0.79% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
NAPR vs. DBE - Dividend Comparison
NAPR 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% |
NAPR Innovator Nasdaq-100 Power Buffer ETF - April | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NAPR and DBE have a correlation of -0.28, 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 NAPR (1.10%). In terms of maximum drawdown, NAPR dropped -16.53% vs DBE's -86.69%.
On 5-year performance, DBE leads with 19.66% vs 10.10% for NAPR. On fees, DBE is cheaper at 0.78% per year. On volatility, NAPR has been the lower-risk option at 1.10%. 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 19.66% return vs 10.10%. 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 NAPR.
DBE has the higher dividend yield at 2.10%, compared with 0.00% for NAPR.
NAPR is categorized as Nasdaq-100, while DBE is Oil & Gas. NAPR tracks NASDAQ-100 Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Innovator and Invesco. Their fees differ too: 0.79% for NAPR and 0.78% for DBE.
NAPR currently has the higher Sharpe Ratio (4.78 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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