OGIG vs. DBE
OGIG (O’Shares Global Internet Giants ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - OGIG is a Large Cap Growth Equities fund tracking the O’Shares Global Internet Giants Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, OGIG returned -2.07%/yr vs 19.66%/yr for DBE. At a 0.14 correlation, their price movements are largely independent. OGIG charges 0.48%/yr vs 0.78%/yr for DBE.
Performance
OGIG vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, OGIG achieves a -9.21% return, which is significantly lower than DBE's 83.68% return.
OGIG
- 1D
- -3.46%
- 1M
- 6.90%
- YTD
- -9.21%
- 6M
- -10.93%
- 1Y
- -6.52%
- 3Y*
- 15.13%
- 5Y*
- -2.07%
- 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%
OGIG vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
OGIG O’Shares Global Internet Giants ETF | -9.21% | 14.39% | 25.97% | 50.25% | -50.64% | -9.30% | 107.92% | 36.90% | -24.48% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -22.60% |
Correlation
The correlation between OGIG and DBE is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2018 | 0.14 |
The correlation between OGIG and DBE shifts across timeframes, from -0.18 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OGIG vs. DBE — Risk / Return Rank
OGIG
DBE
OGIG vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for O’Shares Global Internet Giants ETF (OGIG) 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.
| OGIG | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.22 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.40 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 5.89 | -6.09 |
| Martin ratioReturn relative to average drawdown | -0.41 | 11.53 | -11.94 |
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
| OGIG | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.30 | 2.43 | -2.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.67 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.09 | +0.17 |
Drawdowns
OGIG vs. DBE - Drawdown Comparison
The maximum OGIG drawdown since its inception was -66.05%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for OGIG and DBE.
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Drawdown Indicators
| OGIG | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.05% | -86.69% | +20.64% |
Max Drawdown (1Y)Largest decline over 1 year | -33.23% | -14.41% | -18.82% |
Max Drawdown (3Y)Largest decline over 3 years | -33.23% | -23.89% | -9.34% |
Max Drawdown (5Y)Largest decline over 5 years | -62.79% | -38.74% | -24.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -24.99% | -30.27% | +5.28% |
Average DrawdownAverage peak-to-trough decline | -25.67% | -57.31% | +31.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.84% | 7.35% | +8.49% |
Volatility
OGIG vs. DBE - Volatility Comparison
The current volatility for O’Shares Global Internet Giants ETF (OGIG) is 8.15%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that OGIG 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
| OGIG | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.15% | 12.95% | -4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 18.28% | 30.86% | -12.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.16% | 34.97% | -12.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.58% | 29.39% | +2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.03% | 28.33% | +2.70% |
OGIG vs. DBE - Expense Ratio Comparison
OGIG has a 0.48% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
OGIG vs. DBE - Dividend Comparison
OGIG's dividend yield for the trailing twelve months is around 0.08%, 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% |
OGIG O’Shares Global Internet Giants ETF | 0.08% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OGIG and DBE 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.
DBE has higher volatility (12.95%) compared to OGIG (8.15%). In terms of maximum drawdown, OGIG dropped -66.05% vs DBE's -86.69%.
On 5-year performance, DBE leads with 19.66% vs -2.07% for OGIG. On fees, OGIG is cheaper at 0.48% per year. On volatility, OGIG has been the lower-risk option at 8.15%. 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 19.66% return vs -2.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OGIG is cheaper with a 0.48% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.10%, compared with 0.08% for OGIG.
OGIG is categorized as Large Cap Growth Equities, while DBE is Oil & Gas. OGIG tracks O’Shares Global Internet Giants Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: O'Shares Investments and Invesco. Their fees differ too: 0.48% for OGIG and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.43 vs -0.30), 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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