NXTG vs. DBO

Last updated Jun 4, 2026

NXTG (First Trust IndXX NextG ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - NXTG is a Technology Equities fund tracking the Indxx 5G & NextG Thematic Index, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. Both are passively managed. Over the past 10 years, NXTG returned 17.94%/yr vs 11.37%/yr for DBO. At a 0.22 correlation, their price movements are largely independent. NXTG charges 0.70%/yr vs 0.78%/yr for DBO.

Performance

NXTG vs. DBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust IndXX NextG ETF (NXTG) and Invesco DB Oil Fund (DBO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NXTG achieves a 54.54% return, which is significantly lower than DBO's 84.75% return. Over the past 10 years, NXTG has outperformed DBO with an annualized return of 17.94%, while DBO has yielded a comparatively lower 11.37% annualized return.

NXTG

• 1D: -0.82%
• 1M: 22.84%
• YTD: 54.54%
• 6M: 55.39%
• 1Y: 82.82%
• 3Y*: 35.56%
• 5Y*: 19.17%
• 10Y*: 17.94%

DBO

• 1D: 2.27%
• 1M: -2.34%
• YTD: 84.75%
• 6M: 81.10%
• 1Y: 80.26%
• 3Y*: 21.86%
• 5Y*: 15.98%
• 10Y*: 11.37%

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

NXTG vs. DBO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NXTG First Trust IndXX NextG ETF	54.54%	28.46%	12.85%	28.74%	-24.70%	21.81%	27.58%	29.58%	-17.25%	28.02%
DBO Invesco DB Oil Fund	84.75%	-11.71%	7.85%	-4.44%	13.04%	60.74%	-20.99%	28.05%	-15.22%	4.86%

Correlation

The correlation between NXTG and DBO is -0.25, 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	-0.25
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.17
Correlation (All Time) Calculated using the full available price history since Feb 22, 2011	0.22

The correlation between NXTG and DBO shifts across timeframes, from -0.25 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

NXTG vs. DBO - Sectors Allocation Comparison

Sectors	NXTG	DBO
Technology	66.1%	-
Communication Services	21.7%	-
Real Estate	7.5%	-
Industrials	4.3%	-
Consumer Cyclical	0.4%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	116.0%
Healthcare	-	-
Utilities	-	-

Return for Risk

NXTG vs. DBO — Risk / Return Rank

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

NXTG

NXTG Risk / Return Rank: 96
NXTG Sharpe Ratio Rank: 97
NXTG Sortino Ratio Rank: 96
NXTG Omega Ratio Rank: 96
NXTG Calmar Ratio Rank: 95
NXTG Martin Ratio Rank: 95

DBO

DBO Risk / Return Rank: 65
DBO Sharpe Ratio Rank: 70
DBO Sortino Ratio Rank: 62
DBO Omega Ratio Rank: 60
DBO Calmar Ratio Rank: 83
DBO Martin Ratio Rank: 52

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.

NXTG vs. DBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust IndXX NextG ETF (NXTG) and Invesco DB Oil Fund (DBO). 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.

	NXTG	DBO	Difference
Sharpe ratio: Return per unit of total volatility	4.52	2.34	+2.18
Sortino ratio: Return per unit of downside risk	5.69	2.94	+2.76
Omega ratio: Gain probability vs. loss probability	1.77	1.38	+0.40
Calmar ratio: Return relative to maximum drawdown	8.10	4.44	+3.67
Martin ratio: Return relative to average drawdown	31.73	9.02	+22.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NXTG vs. DBO - Sharpe Ratio Comparison

The current NXTG Sharpe Ratio is 4.52, which is higher than the DBO Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of NXTG and DBO, 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

	NXTG	DBO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.52	2.34	+2.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.08	0.50	+0.58
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.95	0.36	+0.59
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.02	+0.67

Drawdowns

NXTG vs. DBO - Drawdown Comparison

The maximum NXTG drawdown since its inception was -33.61%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for NXTG and DBO.

Drawdown Indicators

	NXTG	DBO	Difference
Max Drawdown Largest peak-to-trough decline	-33.61%	-90.18%	+56.57%
Max Drawdown (1Y) Largest decline over 1 year	-10.28%	-18.19%	+7.91%
Max Drawdown (3Y) Largest decline over 3 years	-17.75%	-28.20%	+10.45%
Max Drawdown (5Y) Largest decline over 5 years	-33.61%	-37.68%	+4.07%
Max Drawdown (10Y) Largest decline over 10 years	-33.61%	-61.69%	+28.08%
Current Drawdown Current decline from peak	-0.82%	-51.38%	+50.56%
Average Drawdown Average peak-to-trough decline	-7.87%	-62.25%	+54.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	8.92%	-6.30%

Volatility

NXTG vs. DBO - Volatility Comparison

The current volatility for First Trust IndXX NextG ETF (NXTG) is 8.27%, while Invesco DB Oil Fund (DBO) has a volatility of 12.61%. This indicates that NXTG experiences smaller price fluctuations and is considered to be less risky than DBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXTG	DBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.27%	12.61%	-4.34%
Volatility (6M) Calculated over the trailing 6-month period	15.26%	28.20%	-12.94%
Volatility (1Y) Calculated over the trailing 1-year period	18.44%	34.46%	-16.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.93%	32.29%	-14.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.88%	31.78%	-12.90%

NXTG vs. DBO - Expense Ratio Comparison

NXTG has a 0.70% expense ratio, which is lower than DBO's 0.78% expense ratio.

Dividends

NXTG vs. DBO - Dividend Comparison

NXTG's dividend yield for the trailing twelve months is around 1.11%, less than DBO's 1.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBO Invesco DB Oil Fund	1.90%	3.51%	4.68%	4.59%	0.66%	0.00%	0.00%	1.63%	1.58%	0.00%	0.00%	0.00%
NXTG First Trust IndXX NextG ETF	1.11%	1.56%	1.51%	2.15%	2.04%	1.97%	1.04%	0.77%	1.27%	1.65%	1.23%	1.11%

Frequently Asked Questions

Can I hold both NXTG and DBO in my portfolio?

NXTG and DBO have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NXTG or DBO?

DBO has higher volatility (12.61%) compared to NXTG (8.27%). In terms of maximum drawdown, NXTG dropped -33.61% vs DBO's -90.18%.

Which ETF is better, NXTG or DBO?

On 10-year performance, NXTG leads with 17.94% vs 11.37% for DBO. On fees, NXTG is cheaper at 0.70% per year. On volatility, NXTG has been the lower-risk option at 8.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NXTG or DBO?

Over the 10-year period, NXTG has performed better with a 17.94% return vs 11.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NXTG or DBO?

NXTG is cheaper with a 0.70% expense ratio, compared with 0.78% for DBO.

Which ETF pays a higher dividend yield, NXTG or DBO?

DBO has the higher dividend yield at 1.90%, compared with 1.11% for NXTG.

What is the main difference between NXTG and DBO?

NXTG is categorized as Technology Equities, while DBO is Oil & Gas. NXTG tracks Indxx 5G & NextG Thematic Index, while DBO tracks DBIQ Optimum Yield Crude Oil Index Excess Return. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.70% for NXTG and 0.78% for DBO.

Which has better risk-adjusted returns?

NXTG currently has the higher Sharpe Ratio (4.52 vs 2.34), 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.