PAWZ vs. DBE
PAWZ (ProShares Pet Care ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - PAWZ is a Global Equities fund tracking the FactSet Pet Care Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, PAWZ returned -8.65%/yr vs 17.10%/yr for DBE. At a 0.08 correlation, their price movements are largely independent. PAWZ charges 0.50%/yr vs 0.78%/yr for DBE.
Performance
PAWZ vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, PAWZ achieves a -8.43% return, which is significantly lower than DBE's 68.39% return.
PAWZ
- 1D
- 1.92%
- 1M
- 3.43%
- 6M
- -10.07%
- YTD
- -8.43%
- 1Y
- -11.87%
- 3Y*
- -0.22%
- 5Y*
- -8.65%
- 10Y*
- —
DBE
- 1D
- -1.09%
- 1M
- 6.25%
- 6M
- 65.69%
- YTD
- 68.39%
- 1Y
- 57.64%
- 3Y*
- 17.96%
- 5Y*
- 17.10%
- 10Y*
- 11.45%
PAWZ vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PAWZ ProShares Pet Care ETF | -8.43% | 1.21% | 3.88% | 12.47% | -40.08% | 10.46% | 61.69% | 22.95% | -8.52% |
DBE Invesco DB Energy Fund | 68.39% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -21.05% |
Correlation
The correlation between PAWZ and DBE is -0.30, 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 | -0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2018 | 0.08 |
The correlation between PAWZ and DBE shifts across timeframes, from -0.30 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PAWZ vs. DBE — Risk / Return Rank
PAWZ
DBE
PAWZ vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Pet Care ETF (PAWZ) 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.
| PAWZ | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -3.13 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.28 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 2.34 | -2.91 |
| Martin ratioReturn relative to average drawdown | -1.18 | 7.00 | -8.17 |
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Drawdowns
PAWZ vs. DBE - Drawdown Comparison
The maximum PAWZ drawdown since its inception was -50.07%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for PAWZ and DBE.
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Drawdown Indicators
| PAWZ | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.07% | -86.69% | +36.62% |
Max Drawdown (1Y)Largest decline over 1 year | -21.10% | -24.72% | +3.62% |
Max Drawdown (3Y)Largest decline over 3 years | -23.12% | -24.72% | +1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -50.07% | -38.74% | -11.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -39.08% | -36.07% | -3.01% |
Average DrawdownAverage peak-to-trough decline | -22.83% | -57.19% | +34.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.12% | 8.26% | +1.86% |
Volatility
PAWZ vs. DBE - Volatility Comparison
The current volatility for ProShares Pet Care ETF (PAWZ) is 5.82%, while Invesco DB Energy Fund (DBE) has a volatility of 11.68%. This indicates that PAWZ 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
| PAWZ | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 11.68% | -5.86% |
Volatility (6M)Calculated over the trailing 6-month period | 12.57% | 32.70% | -20.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.14% | 35.99% | -18.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.31% | 29.88% | -9.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.63% | 28.39% | -6.76% |
PAWZ vs. DBE - Expense Ratio Comparison
PAWZ has a 0.50% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
PAWZ vs. DBE - Dividend Comparison
PAWZ's dividend yield for the trailing twelve months is around 0.70%, less than DBE's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.29% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
PAWZ ProShares Pet Care ETF | 0.70% | 0.81% | 0.63% | 0.44% | 0.54% | 0.18% | 0.14% | 0.35% | 0.07% |
Frequently Asked Questions
PAWZ and DBE have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (11.68%) compared to PAWZ (5.82%). In terms of maximum drawdown, PAWZ dropped -50.07% vs DBE's -86.69%.
On 5-year performance, DBE leads with 17.10% vs -8.65% for PAWZ. On fees, PAWZ is cheaper at 0.50% per year. On volatility, PAWZ has been the lower-risk option at 5.82%. 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 17.10% return vs -8.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PAWZ is cheaper with a 0.50% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.29%, compared with 0.70% for PAWZ.
PAWZ is categorized as Global Equities, while DBE is Oil & Gas. PAWZ tracks FactSet Pet Care Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: ProShares and Invesco. Their fees differ too: 0.50% for PAWZ and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.61 vs -0.70), 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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