OCIO vs. DBE
OCIO (ClearShares OCIO ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - OCIO is a Diversified Portfolio fund actively managed by ClearShares, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. OCIO is actively managed, while DBE is passively managed. Over the past 5 years, OCIO returned 6.76%/yr vs 17.73%/yr for DBE. Their 0.16 correlation means their historical movements had little consistent relationship. OCIO charges 0.61%/yr vs 0.78%/yr for DBE.
Performance
OCIO vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, OCIO achieves a 6.90% return, which is significantly lower than DBE's 78.87% return.
OCIO
- 1D
- -0.06%
- 1M
- -1.14%
- 6M
- 4.87%
- YTD
- 6.90%
- 1Y
- 15.24%
- 3Y*
- 11.71%
- 5Y*
- 6.76%
- 10Y*
- —
- ALL TIME*
- 7.60%
DBE
- 1D
- 1.13%
- 1M
- 21.13%
- 6M
- 53.89%
- YTD
- 78.87%
- 1Y
- 68.62%
- 3Y*
- 17.16%
- 5Y*
- 17.73%
- 10Y*
- 13.17%
- ALL TIME*
- 2.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.24M | $1.18M | $1.76M | |
| $27.53K | $27.13K | $321.99K |
OCIO vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OCIO ClearShares OCIO ETF | 6.90% | 12.68% | 12.76% | 12.03% | -12.49% | 13.20% | 11.54% | 18.56% | -10.35% | 8.91% |
DBE Invesco DB Energy Fund | 78.87% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 31.49% |
Correlation
The correlation between OCIO and DBE is -0.27, 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. | -0.27 |
Correlation (3Y) Balances recent behavior with more history. | -0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2017 | 0.16 |
The correlation between OCIO and DBE shifts across timeframes, from -0.27 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OCIO vs. DBE — Risk / Return Rank
OCIO
DBE
OCIO vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearShares OCIO ETF (OCIO) 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.
| OCIO | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.29 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.59 | -0.53 |
| Martin ratioReturn relative to average drawdown | 8.07 | 8.14 | -0.07 |
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Drawdowns
OCIO vs. DBE - Drawdown Comparison
The maximum OCIO drawdown since its inception was -24.21%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for OCIO and DBE.
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Drawdown Indicators
| OCIO | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.21% | -86.69% | +62.48% |
Max Drawdown (1Y)Largest decline over 1 year | -6.98% | -24.72% | +17.74% |
Max Drawdown (3Y)Largest decline over 3 years | -13.32% | -24.72% | +11.40% |
Max Drawdown (5Y)Largest decline over 5 years | -18.75% | -38.74% | +19.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -2.82% | -32.09% | +29.27% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -57.13% | +52.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 8.15% | -6.37% |
Volatility
OCIO vs. DBE - Volatility Comparison
The current volatility for ClearShares OCIO ETF (OCIO) is 3.89%, while Invesco DB Energy Fund (DBE) has a volatility of 14.12%. This indicates that OCIO 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
| OCIO | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 14.12% | -10.23% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 33.95% | -24.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.33% | 37.47% | -26.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.90% | 30.09% | -19.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.45% | 28.58% | -17.13% |
OCIO vs. DBE - Expense Ratio Comparison
OCIO has a 0.61% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
OCIO vs. DBE - Dividend Comparison
OCIO's dividend yield for the trailing twelve months is around 9.91%, more than DBE's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.16% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% |
OCIO ClearShares OCIO ETF | 9.91% | 10.27% | 1.87% | 2.32% | 3.21% | 2.83% | 2.90% | 2.22% | 0.01% | 1.68% |
Frequently Asked Questions
OCIO and DBE have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (14.12%) compared to OCIO (3.89%). In terms of maximum drawdown, OCIO dropped -24.21% vs DBE's -86.69%.
On 5-year performance, DBE leads with 17.73% vs 6.76% for OCIO. On fees, OCIO is cheaper at 0.61% per year. On volatility, OCIO has been the lower-risk option at 3.89%. 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 17.73% return vs 6.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OCIO is cheaper with a 0.61% expense ratio, compared with 0.78% for DBE.
OCIO has the higher dividend yield at 9.91%, compared with 2.16% for DBE.
OCIO is categorized as Diversified Portfolio, while DBE is Oil & Gas. They also come from different issuers: ClearShares and Invesco. Their fees differ too: 0.61% for OCIO and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.71 vs 1.27), 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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