NUDV vs. DBE
NUDV (Nuveen ESG Dividend ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - NUDV is a Large Cap Value Equities fund tracking the Nuveen ESG USA High Dividend Yield Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 3 years, NUDV returned 15.87%/yr vs 23.42%/yr for DBE. At a 0.10 correlation, their price movements are largely independent. NUDV charges 0.26%/yr vs 0.78%/yr for DBE.
Performance
NUDV vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, NUDV achieves a 9.63% return, which is significantly lower than DBE's 83.68% return.
NUDV
- 1D
- -0.72%
- 1M
- 1.42%
- YTD
- 9.63%
- 6M
- 10.03%
- 1Y
- 18.63%
- 3Y*
- 15.87%
- 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%
NUDV vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NUDV Nuveen ESG Dividend ETF | 9.63% | 10.77% | 14.02% | 10.13% | -7.83% | 8.92% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | 2.03% |
Correlation
The correlation between NUDV and DBE is -0.19, 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 | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.10 |
The correlation between NUDV and DBE shifts across timeframes, from -0.19 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NUDV vs. DBE — Risk / Return Rank
NUDV
DBE
NUDV vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Dividend ETF (NUDV) 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.
| NUDV | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.40 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 5.89 | -3.05 |
| Martin ratioReturn relative to average drawdown | 10.08 | 11.53 | -1.45 |
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
| NUDV | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 2.43 | -0.62 |
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 | 0.64 | 0.09 | +0.55 |
Drawdowns
NUDV vs. DBE - Drawdown Comparison
The maximum NUDV drawdown since its inception was -20.10%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for NUDV and DBE.
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Drawdown Indicators
| NUDV | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.10% | -86.69% | +66.59% |
Max Drawdown (1Y)Largest decline over 1 year | -6.60% | -14.41% | +7.81% |
Max Drawdown (3Y)Largest decline over 3 years | -16.48% | -23.89% | +7.41% |
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 | -0.72% | -30.27% | +29.55% |
Average DrawdownAverage peak-to-trough decline | -4.92% | -57.31% | +52.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 7.35% | -5.50% |
Volatility
NUDV vs. DBE - Volatility Comparison
The current volatility for Nuveen ESG Dividend ETF (NUDV) is 2.71%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that NUDV 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
| NUDV | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 12.95% | -10.24% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 30.86% | -23.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.34% | 34.97% | -24.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.97% | 29.39% | -14.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.97% | 28.33% | -13.36% |
NUDV vs. DBE - Expense Ratio Comparison
NUDV has a 0.26% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
NUDV vs. DBE - Dividend Comparison
NUDV's dividend yield for the trailing twelve months is around 2.27%, more 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% |
NUDV Nuveen ESG Dividend ETF | 2.27% | 2.36% | 6.18% | 2.48% | 2.96% | 0.60% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NUDV and DBE have a correlation of -0.19, 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 NUDV (2.71%). In terms of maximum drawdown, NUDV dropped -20.10% vs DBE's -86.69%.
On 3-year performance, DBE leads with 23.42% vs 15.87% for NUDV. On fees, NUDV is cheaper at 0.26% per year. On volatility, NUDV has been the lower-risk option at 2.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DBE has performed better with a 23.42% return vs 15.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NUDV is cheaper with a 0.26% expense ratio, compared with 0.78% for DBE.
NUDV has the higher dividend yield at 2.27%, compared with 2.10% for DBE.
NUDV is categorized as Large Cap Value Equities, while DBE is Oil & Gas. NUDV tracks Nuveen ESG USA High Dividend Yield Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Nuveen and Invesco. Their fees differ too: 0.26% for NUDV and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.43 vs 1.81), 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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