NODE vs. DBE

Last updated Jun 4, 2026

NODE (VanEck Onchain Economy ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - NODE is a Blockchain fund actively managed by VanEck, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. NODE is actively managed, while DBE is passively managed. Over the past year, NODE returned 71.73% vs 84.41% for DBE. At a correlation of -0.13, they often move in opposite directions. NODE charges 0.69%/yr vs 0.78%/yr for DBE.

Performance

NODE vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Onchain Economy ETF (NODE) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NODE achieves a 33.28% return, which is significantly lower than DBE's 83.68% return.

NODE

• 1D: -1.79%
• 1M: 10.04%
• YTD: 33.28%
• 6M: 21.22%
• 1Y: 71.73%
• 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%

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

NODE vs. DBE - Yearly Performance Comparison

	2026 (YTD)	2025
NODE VanEck Onchain Economy ETF	33.28%	32.44%
DBE Invesco DB Energy Fund	83.68%	-0.02%

Correlation

The correlation between NODE and DBE is -0.14, 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	-0.14
Correlation (All Time) Calculated using the full available price history since May 15, 2025	-0.13

Return for Risk

NODE vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NODE

NODE Risk / Return Rank: 41
NODE Sharpe Ratio Rank: 46
NODE Sortino Ratio Rank: 43
NODE Omega Ratio Rank: 41
NODE Calmar Ratio Rank: 42
NODE Martin Ratio Rank: 31

DBE

DBE Risk / Return Rank: 71
DBE Sharpe Ratio Rank: 74
DBE Sortino Ratio Rank: 63
DBE Omega Ratio Rank: 65
DBE Calmar Ratio Rank: 91
DBE Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NODE vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Onchain Economy ETF (NODE) 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.

	NODE	DBE	Difference
Sharpe ratio: Return per unit of total volatility	1.59	2.43	-0.84
Sortino ratio: Return per unit of downside risk	2.12	2.96	-0.83
Omega ratio: Gain probability vs. loss probability	1.26	1.40	-0.14
Calmar ratio: Return relative to maximum drawdown	2.04	5.89	-3.85
Martin ratio: Return relative to average drawdown	4.50	11.53	-7.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NODE vs. DBE - Sharpe Ratio Comparison

The current NODE Sharpe Ratio is 1.59, which is lower than the DBE Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of NODE and DBE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NODE	DBE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	2.43	-0.84
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	1.62	0.09	+1.52

Drawdowns

NODE vs. DBE - Drawdown Comparison

The maximum NODE drawdown since its inception was -35.35%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for NODE and DBE.

Drawdown Indicators

	NODE	DBE	Difference
Max Drawdown Largest peak-to-trough decline	-35.35%	-86.69%	+51.34%
Max Drawdown (1Y) Largest decline over 1 year	-35.35%	-14.41%	-20.94%
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 Drawdown Current decline from peak	-2.42%	-30.27%	+27.85%
Average Drawdown Average peak-to-trough decline	-11.30%	-57.31%	+46.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.00%	7.35%	+8.65%

Volatility

NODE vs. DBE - Volatility Comparison

VanEck Onchain Economy ETF (NODE) and Invesco DB Energy Fund (DBE) have volatilities of 12.39% and 12.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NODE	DBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.39%	12.95%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	34.83%	30.86%	+3.97%
Volatility (1Y) Calculated over the trailing 1-year period	45.44%	34.97%	+10.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.59%	29.39%	+15.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.59%	28.33%	+16.26%

NODE vs. DBE - Expense Ratio Comparison

NODE has a 0.69% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

NODE vs. DBE - Dividend Comparison

NODE's dividend yield for the trailing twelve months is around 0.84%, 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%
NODE VanEck Onchain Economy ETF	0.84%	1.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NODE and DBE in my portfolio?

NODE and DBE have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NODE or DBE?

DBE has higher volatility (12.95%) compared to NODE (12.39%). In terms of maximum drawdown, NODE dropped -35.35% vs DBE's -86.69%.

Which ETF is better, NODE or DBE?

On 1-year performance, DBE leads with 84.41% vs 71.73% for NODE. On fees, NODE is cheaper at 0.69% per year. On volatility, NODE has been the lower-risk option at 12.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NODE or DBE?

Over the 1-year period, DBE has performed better with a 84.41% return vs 71.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NODE or DBE?

NODE is cheaper with a 0.69% expense ratio, compared with 0.78% for DBE.

Which ETF pays a higher dividend yield, NODE or DBE?

DBE has the higher dividend yield at 2.10%, compared with 0.84% for NODE.

What is the main difference between NODE and DBE?

NODE is categorized as Blockchain, while DBE is Oil & Gas. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.69% for NODE and 0.78% for DBE.

Which has better risk-adjusted returns?

DBE currently has the higher Sharpe Ratio (2.43 vs 1.59), 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.