OSCG vs. DBO

Last updated Jul 18, 2026

OSCG (Leverage Shares 2X Long OSCR Daily ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - OSCG is a Leveraged Equities fund actively managed by Leverage Shares, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. OSCG is actively managed, while DBO is passively managed. At a correlation of -0.00, they often move in opposite directions. OSCG charges 0.75%/yr vs 0.78%/yr for DBO.

Performance

OSCG vs. DBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long OSCR Daily ETF (OSCG) 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, OSCG achieves a 200.83% return, which is significantly higher than DBO's 68.61% return.

OSCG

• 1D: 1.55%
• 1M: 2.10%
• 6M: 132.59%
• YTD: 200.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBO

• 1D: 3.73%
• 1M: 9.47%
• 6M: 62.48%
• YTD: 68.61%
• 1Y: 54.48%
• 3Y*: 15.79%
• 5Y*: 13.08%
• 10Y*: 10.77%

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

OSCG vs. DBO - Yearly Performance Comparison

	2026 (YTD)	2025
OSCG Leverage Shares 2X Long OSCR Daily ETF	200.83%	-39.92%
DBO Invesco DB Oil Fund	68.61%	-3.70%

Correlation

The correlation between OSCG and DBO is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	-0.00

Return for Risk

OSCG vs. DBO — Risk / Return Rank

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

OSCG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

DBO

DBO Risk / Return Rank: 50
DBO Sharpe Ratio Rank: 56
DBO Sortino Ratio Rank: 56
DBO Omega Ratio Rank: 50
DBO Calmar Ratio Rank: 48
DBO Martin Ratio Rank: 41

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.

OSCG vs. DBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long OSCR Daily ETF (OSCG) 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.

	OSCG	DBO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.51	—
Sortino ratio: Return per unit of downside risk	—	2.15	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	1.97	—
Martin ratio: Return relative to average drawdown	—	5.27	—

Drawdowns

OSCG vs. DBO - Drawdown Comparison

The maximum OSCG drawdown since its inception was -71.31%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for OSCG and DBO.

Drawdown Indicators

	OSCG	DBO	Difference
Max Drawdown Largest peak-to-trough decline	-71.31%	-90.18%	+18.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-27.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-28.20%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-61.69%	—
Current Drawdown Current decline from peak	-19.03%	-55.63%	+36.60%
Average Drawdown Average peak-to-trough decline	-31.66%	-62.21%	+30.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.37%	—

Volatility

Volatility by Period

	OSCG	DBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	31.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	145.15%	36.22%	+108.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.15%	32.96%	+112.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.15%	31.93%	+113.22%

OSCG vs. DBO - Expense Ratio Comparison

OSCG has a 0.75% expense ratio, which is lower than DBO's 0.78% expense ratio.

Dividends

OSCG vs. DBO - Dividend Comparison

OSCG has not paid dividends to shareholders, while DBO's dividend yield for the trailing twelve months is around 2.08%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBO Invesco DB Oil Fund	2.08%	3.51%	4.68%	4.59%	0.66%	0.00%	0.00%	1.63%	1.58%
OSCG Leverage Shares 2X Long OSCR Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OSCG and DBO in my portfolio?

OSCG and DBO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OSCG or DBO?

On fees, OSCG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OSCG or DBO?

OSCG is cheaper with a 0.75% expense ratio, compared with 0.78% for DBO.

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

DBO has the higher dividend yield at 2.08%, compared with 0.00% for OSCG.

What is the main difference between OSCG and DBO?

OSCG is categorized as Leveraged Equities, while DBO is Oil & Gas. They also come from different issuers: Leverage Shares and Invesco. Their fees differ too: 0.75% for OSCG and 0.78% for DBO.