NJUL vs. DBE
NJUL (Innovator Nasdaq-100 Power Buffer ETF - July) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - NJUL is a Nasdaq-100 fund tracking the Invesco QQQ Trust, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, NJUL returned 10.48%/yr vs 16.46%/yr for DBE. Their 0.06 correlation means their historical movements had little consistent relationship. NJUL charges 0.79%/yr vs 0.78%/yr for DBE.
Performance
NJUL vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, NJUL achieves a 5.94% return, which is significantly lower than DBE's 63.93% return.
NJUL
- 1D
- 1.50%
- 1M
- 1.03%
- 6M
- 5.36%
- YTD
- 5.94%
- 1Y
- 11.47%
- 3Y*
- 14.38%
- 5Y*
- 10.48%
- 10Y*
- —
- ALL TIME*
- 10.91%
DBE
- 1D
- -4.28%
- 1M
- 11.01%
- 6M
- 47.49%
- YTD
- 63.93%
- 1Y
- 55.67%
- 3Y*
- 13.55%
- 5Y*
- 16.46%
- 10Y*
- 11.75%
- ALL TIME*
- 2.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.35M | $1.09M | $1.64M | |
| $1.52M | $2.12M | $1.68M |
NJUL vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NJUL Innovator Nasdaq-100 Power Buffer ETF - July | 5.94% | 15.67% | 13.93% | 29.52% | -11.67% | 7.86% | 9.05% |
DBE Invesco DB Energy Fund | 63.93% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | 16.94% |
Correlation
The correlation between NJUL and DBE is -0.22, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.22 |
Correlation (3Y) Balances recent behavior with more history. | -0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2020 | 0.06 |
The correlation between NJUL and DBE shifts across timeframes, from -0.22 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NJUL vs. DBE — Risk / Return Rank
NJUL
DBE
NJUL vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 Power Buffer ETF - July (NJUL) 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.
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.
| NJUL | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.26 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 2.26 | -0.02 |
| Martin ratioReturn relative to average drawdown | 9.43 | 7.03 | +2.39 |
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Drawdowns
NJUL vs. DBE - Drawdown Comparison
The maximum NJUL drawdown since its inception was -14.37%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for NJUL and DBE.
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Drawdown Indicators
| NJUL | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.37% | -86.69% | +72.32% |
Max Drawdown (1Y)Largest decline over 1 year | -5.14% | -24.72% | +19.58% |
Max Drawdown (3Y)Largest decline over 3 years | -13.58% | -24.72% | +11.14% |
Max Drawdown (5Y)Largest decline over 5 years | -14.37% | -38.74% | +24.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -0.64% | -37.77% | +37.13% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -57.12% | +54.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 7.95% | -6.73% |
Volatility
NJUL vs. DBE - Volatility Comparison
The current volatility for Innovator Nasdaq-100 Power Buffer ETF - July (NJUL) is 4.04%, while Invesco DB Energy Fund (DBE) has a volatility of 15.88%. This indicates that NJUL 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
| NJUL | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 15.88% | -11.84% |
Volatility (6M)Calculated over the trailing 6-month period | 6.49% | 33.82% | -27.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.03% | 37.86% | -29.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.70% | 30.19% | -18.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.04% | 28.64% | -17.60% |
NJUL vs. DBE - Expense Ratio Comparison
NJUL has a 0.79% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
NJUL vs. DBE - Dividend Comparison
NJUL has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.36% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
NJUL Innovator Nasdaq-100 Power Buffer ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NJUL and DBE have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (15.88%) compared to NJUL (4.04%). In terms of maximum drawdown, NJUL dropped -14.37% vs DBE's -86.69%.
On 5-year performance, DBE leads with 16.46% vs 10.48% for NJUL. On fees, DBE is cheaper at 0.78% per year. On volatility, NJUL has been the lower-risk option at 4.04%. 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 16.46% return vs 10.48%. 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 NJUL.
DBE has the higher dividend yield at 2.36%, compared with 0.00% for NJUL.
NJUL is categorized as Nasdaq-100, while DBE is Oil & Gas. NJUL tracks Invesco QQQ Trust, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Innovator and Invesco. Their fees differ too: 0.79% for NJUL and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.48 vs 1.44), 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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