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PEY vs. DBE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PEY vs. DBE

Last updated Jun 4, 2026

PEY (Invesco High Yield Equity Dividend Achievers™ ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - PEY is a Mid Cap Value Equities fund tracking the NASDAQ US Dividend Achievers 50 Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, PEY returned 8.50%/yr vs 12.03%/yr for DBE. At a 0.26 correlation, their price movements are largely independent. PEY charges 0.54%/yr vs 0.78%/yr for DBE.

Performance

PEY vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco High Yield Equity Dividend Achievers™ ETF (PEY) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PEY achieves a 11.81% return, which is significantly lower than DBE's 83.68% return. Over the past 10 years, PEY has underperformed DBE with an annualized return of 8.50%, while DBE has yielded a comparatively higher 12.03% annualized return.

PEY

1D
-1.52%
1M
2.48%
YTD
11.81%
6M
11.63%
1Y
15.51%
3Y*
10.93%
5Y*
5.57%
10Y*
8.50%

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

PEY vs. DBE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PEY
Invesco High Yield Equity Dividend Achievers™ ETF		11.81%0.56%5.25%7.29%2.45%26.15%-3.85%24.76%-7.49%8.78%
DBE
Invesco DB Energy Fund		83.68%-2.17%2.96%-12.14%33.77%57.56%-25.91%19.72%-12.95%5.21%

Correlation

The correlation between PEY and DBE is -0.10, 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 (1Y)
Calculated over the trailing 1-year period

-0.10

Correlation (3Y)
Calculated over the trailing 3-year period

0.01

Correlation (5Y)
Calculated over the trailing 5-year period

0.14

Correlation (10Y)
Calculated over the trailing 10-year period

0.23

Correlation (All Time)
Calculated using the full available price history since Jan 8, 2007

0.26

The correlation between PEY and DBE shifts across timeframes, from -0.10 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco High Yield Equity Dividend Achievers™ ETF

Invesco DB Energy Fund

Often compared with PEY:
PEY vs. SPHDPEY vs. SCHDPEY vs. DIVOPEY vs. DVYPEY vs. JEPIPEY vs. COWZPEY vs. VYM
Often compared with DBE:
DBE vs. DBBDBE vs. XLEDBE vs. VDEDBE vs. COMTDBE vs. XLKDBE vs. GLDDBE vs. TIP

Return for Risk

PEY vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PEY
PEY Risk / Return Rank: 3131
Overall Rank
PEY Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
PEY Sortino Ratio Rank: 3131
Sortino Ratio Rank
PEY Omega Ratio Rank: 2828
Omega Ratio Rank
PEY Calmar Ratio Rank: 3535
Calmar Ratio Rank
PEY Martin Ratio Rank: 3232
Martin Ratio Rank
DBE
DBE Risk / Return Rank: 7171
Overall Rank
DBE Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
DBE Sortino Ratio Rank: 6363
Sortino Ratio Rank
DBE Omega Ratio Rank: 6565
Omega Ratio Rank
DBE Calmar Ratio Rank: 9191
Calmar Ratio Rank
DBE Martin Ratio Rank: 6363
Martin Ratio Rank
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.

PEY vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Equity Dividend Achievers™ ETF (PEY) 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.

PEYDBEDifference
Sharpe ratioReturn per unit of total volatility
1.11
2.43

-1.32

Sortino ratioReturn per unit of downside risk
1.72
2.96

-1.23

Omega ratioGain probability vs. loss probability

1.19

1.40

-0.21

Calmar ratioReturn relative to maximum drawdown

1.75

5.89

-4.14

Martin ratioReturn relative to average drawdown

4.90

11.53

-6.62

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PEY vs. DBE - Sharpe Ratio Comparison

The current PEY Sharpe Ratio is 1.11, which is lower than the DBE Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of PEY and DBE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

PEYDBEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.11

2.43

-1.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.34

0.67

-0.33

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

0.43

+0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.28

0.09

+0.19

Drawdowns

PEY vs. DBE - Drawdown Comparison

The maximum PEY drawdown since its inception was -72.81%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for PEY and DBE.

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Drawdown Indicators

PEYDBEDifference

Max Drawdown

Largest peak-to-trough decline

-72.81%

-86.69%

+13.88%

Max Drawdown (1Y)

Largest decline over 1 year

-8.88%

-14.41%

+5.53%

Max Drawdown (3Y)

Largest decline over 3 years

-17.90%

-23.89%

+5.99%

Max Drawdown (5Y)

Largest decline over 5 years

-17.90%

-38.74%

+20.84%

Max Drawdown (10Y)

Largest decline over 10 years

-41.55%

-60.84%

+19.29%

Current Drawdown

Current decline from peak

-1.64%

-30.27%

+28.63%

Average Drawdown

Average peak-to-trough decline

-12.88%

-57.31%

+44.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.17%

7.35%

-4.18%

Volatility

PEY vs. DBE - Volatility Comparison

The current volatility for Invesco High Yield Equity Dividend Achievers™ ETF (PEY) is 3.82%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that PEY 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

PEYDBEDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.82%

12.95%

-9.13%

Volatility (6M)

Calculated over the trailing 6-month period

9.30%

30.86%

-21.56%

Volatility (1Y)

Calculated over the trailing 1-year period

14.09%

34.97%

-20.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.40%

29.39%

-12.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.90%

28.33%

-9.43%

PEY vs. DBE - Expense Ratio Comparison

PEY has a 0.54% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

PEY vs. DBE - Dividend Comparison

PEY's dividend yield for the trailing twelve months is around 4.52%, more than DBE's 2.10% yield.

PositionTTM20252024202320222021202020192018201720162015
DBE
Invesco DB Energy Fund		2.10%3.86%6.32%3.87%0.75%0.00%0.00%1.79%1.67%0.00%0.00%0.00%
PEY
Invesco High Yield Equity Dividend Achievers™ ETF		4.52%4.85%4.44%4.58%4.22%3.83%4.30%3.78%4.33%3.21%3.12%3.44%

Frequently Asked Questions

PEY and DBE have a correlation of -0.10, 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 PEY (3.82%). In terms of maximum drawdown, PEY dropped -72.81% vs DBE's -86.69%.

On 10-year performance, DBE leads with 12.03% vs 8.50% for PEY. On fees, PEY is cheaper at 0.54% per year. On volatility, PEY has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DBE has performed better with a 12.03% return vs 8.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

PEY is cheaper with a 0.54% expense ratio, compared with 0.78% for DBE.

PEY has the higher dividend yield at 4.52%, compared with 2.10% for DBE.

PEY is categorized as Mid Cap Value Equities, while DBE is Oil & Gas. PEY tracks NASDAQ US Dividend Achievers 50 Index, while DBE tracks DBIQ Optimum Yield Energy Index. Their fees differ too: 0.54% for PEY and 0.78% for DBE.

DBE currently has the higher Sharpe Ratio (2.43 vs 1.11), 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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