NDIA vs. DBE
NDIA (Global X Funds - Global X India Active ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - NDIA is a Asia Pacific Equities fund actively managed by Global X, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. NDIA is actively managed, while DBE is passively managed. Over the past year, NDIA returned -11.74% vs 84.41% for DBE. At a correlation of -0.09, they often move in opposite directions. NDIA charges 0.76%/yr vs 0.78%/yr for DBE.
Performance
NDIA vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, NDIA achieves a -12.77% return, which is significantly lower than DBE's 83.68% return.
NDIA
- 1D
- -1.01%
- 1M
- -3.40%
- YTD
- -12.77%
- 6M
- -11.47%
- 1Y
- -11.74%
- 3Y*
- —
- 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%
NDIA vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NDIA Global X Funds - Global X India Active ETF | -12.77% | 5.04% | 5.75% | 12.71% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -10.85% |
Correlation
The correlation between NDIA and DBE is -0.31, 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 | -0.31 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2023 | -0.09 |
Over the past year, the inverse relationship between NDIA and DBE has strengthened: their correlation has moved from -0.09 to -0.31, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
NDIA vs. DBE — Risk / Return Rank
NDIA
DBE
NDIA vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Funds - Global X India Active ETF (NDIA) 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.
| NDIA | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.18 | ||
| Sortino ratioReturn per unit of downside risk | -3.97 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.40 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 5.89 | -6.54 |
| Martin ratioReturn relative to average drawdown | -1.64 | 11.53 | -13.17 |
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
| NDIA | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.75 | 2.43 | -3.18 |
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 | 0.21 | 0.09 | +0.11 |
Drawdowns
NDIA vs. DBE - Drawdown Comparison
The maximum NDIA drawdown since its inception was -22.05%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for NDIA and DBE.
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Drawdown Indicators
| NDIA | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.05% | -86.69% | +64.64% |
Max Drawdown (1Y)Largest decline over 1 year | -18.03% | -14.41% | -3.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.89% | — |
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 | -19.11% | -30.27% | +11.16% |
Average DrawdownAverage peak-to-trough decline | -7.05% | -57.31% | +50.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.17% | 7.35% | -0.18% |
Volatility
NDIA vs. DBE - Volatility Comparison
The current volatility for Global X Funds - Global X India Active ETF (NDIA) is 6.19%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that NDIA 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
| NDIA | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 12.95% | -6.76% |
Volatility (6M)Calculated over the trailing 6-month period | 13.60% | 30.86% | -17.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.77% | 34.97% | -19.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.63% | 29.39% | -13.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.63% | 28.33% | -12.70% |
NDIA vs. DBE - Expense Ratio Comparison
NDIA has a 0.76% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
NDIA vs. DBE - Dividend Comparison
NDIA's dividend yield for the trailing twelve months is around 1.26%, 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% |
NDIA Global X Funds - Global X India Active ETF | 1.26% | 1.10% | 3.66% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NDIA and DBE have a correlation of -0.31, 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 NDIA (6.19%). In terms of maximum drawdown, NDIA dropped -22.05% vs DBE's -86.69%.
On 1-year performance, DBE leads with 84.41% vs -11.74% for NDIA. On fees, NDIA is cheaper at 0.76% per year. On volatility, NDIA has been the lower-risk option at 6.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBE has performed better with a 84.41% return vs -11.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NDIA is cheaper with a 0.76% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.10%, compared with 1.26% for NDIA.
NDIA is categorized as Asia Pacific Equities, while DBE is Oil & Gas. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.76% for NDIA and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.43 vs -0.75), 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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