ODDS vs. DBO
ODDS (Pacer BlueStar Digital Entertainment ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - ODDS is a Technology Equities fund tracking the BlueStar Global Online Gambling, Video Gaming and eSports 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 3 years, ODDS returned 6.71%/yr vs 14.86%/yr for DBO. Their 0.07 correlation means their historical movements had little consistent relationship. ODDS charges 0.63%/yr vs 0.78%/yr for DBO.
Performance
ODDS vs. DBO - Performance Comparison
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Returns By Period
In the year-to-date period, ODDS achieves a -13.44% return, which is significantly lower than DBO's 76.48% return.
ODDS
- 1D
- -1.82%
- 1M
- 1.72%
- 6M
- -3.96%
- YTD
- -13.44%
- 1Y
- -21.30%
- 3Y*
- 6.71%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.54%
DBO
- 1D
- 1.56%
- 1M
- 24.59%
- 6M
- 53.46%
- YTD
- 76.48%
- 1Y
- 60.30%
- 3Y*
- 14.86%
- 5Y*
- 13.46%
- 10Y*
- 12.59%
- ALL TIME*
- 0.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.01M | $10.23M | $13.95M | |
| $13.95K | $16.12K | $15.11K |
ODDS vs. DBO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ODDS Pacer BlueStar Digital Entertainment ETF | -13.44% | 16.71% | 27.61% | 25.03% | -15.18% |
DBO Invesco DB Oil Fund | 76.48% | -11.71% | 7.85% | -4.44% | -14.29% |
Correlation
The correlation between ODDS and DBO is -0.18, 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. | -0.18 |
Correlation (3Y) Balances recent behavior with more history. | -0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2022 | 0.07 |
The correlation between ODDS and DBO shifts across timeframes, from -0.18 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ODDS vs. DBO — Risk / Return Rank
ODDS
DBO
ODDS vs. DBO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer BlueStar Digital Entertainment ETF (ODDS) 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.
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.
| ODDS | DBO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.49 | ||
| Sortino ratioReturn per unit of downside risk | -3.46 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.25 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 2.01 | -2.65 |
| Martin ratioReturn relative to average drawdown | -0.98 | 6.09 | -7.07 |
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Drawdowns
ODDS vs. DBO - Drawdown Comparison
The maximum ODDS drawdown since its inception was -35.09%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for ODDS and DBO.
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Drawdown Indicators
| ODDS | DBO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.09% | -90.18% | +55.09% |
Max Drawdown (1Y)Largest decline over 1 year | -35.09% | -27.73% | -7.36% |
Max Drawdown (3Y)Largest decline over 3 years | -35.09% | -28.20% | -6.89% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.69% | — |
Current DrawdownCurrent decline from peak | -27.81% | -53.56% | +25.75% |
Average DrawdownAverage peak-to-trough decline | -9.89% | -62.20% | +52.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.94% | 9.96% | +12.98% |
Volatility
ODDS vs. DBO - Volatility Comparison
The current volatility for Pacer BlueStar Digital Entertainment ETF (ODDS) is 6.06%, while Invesco DB Oil Fund (DBO) has a volatility of 17.75%. This indicates that ODDS 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.
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Volatility by Period
| ODDS | DBO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.06% | 17.75% | -11.69% |
Volatility (6M)Calculated over the trailing 6-month period | 17.74% | 33.77% | -16.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.48% | 38.53% | -17.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.84% | 33.35% | -8.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.84% | 32.20% | -7.36% |
ODDS vs. DBO - Expense Ratio Comparison
ODDS has a 0.63% expense ratio, which is lower than DBO's 0.78% expense ratio.
Dividends
ODDS vs. DBO - Dividend Comparison
ODDS's dividend yield for the trailing twelve months is around 0.71%, less than DBO's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBO Invesco DB Oil Fund | 1.99% | 3.51% | 4.68% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.58% |
ODDS Pacer BlueStar Digital Entertainment ETF | 0.71% | 2.59% | 0.56% | 0.66% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ODDS and DBO have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBO has higher volatility (17.75%) compared to ODDS (6.06%). In terms of maximum drawdown, ODDS dropped -35.09% vs DBO's -90.18%.
On 3-year performance, DBO leads with 14.86% vs 6.71% for ODDS. On fees, ODDS is cheaper at 0.63% per year. On volatility, ODDS has been the lower-risk option at 6.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DBO has performed better with a 14.86% return vs 6.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ODDS is cheaper with a 0.63% expense ratio, compared with 0.78% for DBO.
DBO has the higher dividend yield at 1.99%, compared with 0.71% for ODDS.
ODDS is categorized as Technology Equities, while DBO is Oil & Gas. ODDS tracks BlueStar Global Online Gambling, Video Gaming and eSports Index, while DBO tracks DBIQ Optimum Yield Crude Oil Index Excess Return. They also come from different issuers: Pacer and Invesco. Their fees differ too: 0.63% for ODDS and 0.78% for DBO.
DBO currently has the higher Sharpe Ratio (1.45 vs -1.05), 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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