PRAE vs. DBO

Last updated Jun 4, 2026

PRAE (PlanRock Alternative Growth ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - PRAE is a Diversified Portfolio fund actively managed by PlanRock, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. PRAE is actively managed, while DBO is passively managed. Over the past year, PRAE returned 34.75% vs 80.26% for DBO. At a correlation of -0.01, they often move in opposite directions. PRAE charges 1.43%/yr vs 0.78%/yr for DBO.

Performance

PRAE vs. DBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PlanRock Alternative Growth ETF (PRAE) 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, PRAE achieves a 12.14% return, which is significantly lower than DBO's 84.75% return.

PRAE

• 1D: -0.42%
• 1M: 4.32%
• YTD: 12.14%
• 6M: 12.91%
• 1Y: 34.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBO

• 1D: 2.27%
• 1M: -2.34%
• YTD: 84.75%
• 6M: 81.10%
• 1Y: 80.26%
• 3Y*: 21.86%
• 5Y*: 15.98%
• 10Y*: 11.37%

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

PRAE vs. DBO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PRAE PlanRock Alternative Growth ETF	12.14%	13.70%	8.54%	0.57%
DBO Invesco DB Oil Fund	84.75%	-11.71%	7.85%	-4.73%

Correlation

The correlation between PRAE and DBO is -0.17, 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	-0.17
Correlation (All Time) Calculated using the full available price history since Dec 20, 2023	-0.01

The correlation between PRAE and DBO shifts across timeframes, from -0.17 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.

PRAE vs. DBO - Sectors Allocation Comparison

Sectors	PRAE	DBO
Industrials	18.9%	-
Financial Services	18.4%	116.0%
Technology	15.2%	-
Energy	10.3%	-
Consumer Cyclical	9.4%	-
Healthcare	7.0%	-
Basic Materials	6.5%	-
Consumer Defensive	4.6%	-
Communication Services	4.4%	-
Real Estate	2.8%	-
Utilities	2.4%	-

Return for Risk

PRAE vs. DBO — Risk / Return Rank

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

PRAE

PRAE Risk / Return Rank: 70
PRAE Sharpe Ratio Rank: 73
PRAE Sortino Ratio Rank: 65
PRAE Omega Ratio Rank: 72
PRAE Calmar Ratio Rank: 73
PRAE Martin Ratio Rank: 69

DBO

DBO Risk / Return Rank: 65
DBO Sharpe Ratio Rank: 70
DBO Sortino Ratio Rank: 62
DBO Omega Ratio Rank: 60
DBO Calmar Ratio Rank: 83
DBO Martin Ratio Rank: 52

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.

PRAE vs. DBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PlanRock Alternative Growth ETF (PRAE) 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.

	PRAE	DBO	Difference
Sharpe ratio: Return per unit of total volatility	2.34	2.34	0.00
Sortino ratio: Return per unit of downside risk	2.97	2.94	+0.03
Omega ratio: Gain probability vs. loss probability	1.43	1.38	+0.05
Calmar ratio: Return relative to maximum drawdown	3.57	4.44	-0.86
Martin ratio: Return relative to average drawdown	12.50	9.02	+3.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRAE vs. DBO - Sharpe Ratio Comparison

The current PRAE Sharpe Ratio is 2.34, which is comparable to the DBO Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of PRAE and DBO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PRAE	DBO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	2.34	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.02	+0.96

Drawdowns

PRAE vs. DBO - Drawdown Comparison

The maximum PRAE drawdown since its inception was -17.67%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for PRAE and DBO.

Drawdown Indicators

	PRAE	DBO	Difference
Max Drawdown Largest peak-to-trough decline	-17.67%	-90.18%	+72.51%
Max Drawdown (1Y) Largest decline over 1 year	-9.77%	-18.19%	+8.42%
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	-0.42%	-51.38%	+50.96%
Average Drawdown Average peak-to-trough decline	-4.13%	-62.25%	+58.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	8.92%	-6.13%

Volatility

PRAE vs. DBO - Volatility Comparison

The current volatility for PlanRock Alternative Growth ETF (PRAE) is 3.66%, while Invesco DB Oil Fund (DBO) has a volatility of 12.61%. This indicates that PRAE 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.

Volatility by Period

	PRAE	DBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	12.61%	-8.95%
Volatility (6M) Calculated over the trailing 6-month period	11.98%	28.20%	-16.22%
Volatility (1Y) Calculated over the trailing 1-year period	14.90%	34.46%	-19.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.82%	32.29%	-17.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.82%	31.78%	-16.96%

PRAE vs. DBO - Expense Ratio Comparison

PRAE has a 1.43% expense ratio, which is higher than DBO's 0.78% expense ratio.

Dividends

PRAE vs. DBO - Dividend Comparison

PRAE's dividend yield for the trailing twelve months is around 0.47%, less than DBO's 1.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBO Invesco DB Oil Fund	1.90%	3.51%	4.68%	4.59%	0.66%	0.00%	0.00%	1.63%	1.58%
PRAE PlanRock Alternative Growth ETF	0.47%	0.18%	0.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PRAE and DBO in my portfolio?

PRAE and DBO have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRAE or DBO?

DBO has higher volatility (12.61%) compared to PRAE (3.66%). In terms of maximum drawdown, PRAE dropped -17.67% vs DBO's -90.18%.

Which ETF is better, PRAE or DBO?

On 1-year performance, DBO leads with 80.26% vs 34.75% for PRAE. On fees, DBO is cheaper at 0.78% per year. On volatility, PRAE has been the lower-risk option at 3.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PRAE or DBO?

Over the 1-year period, DBO has performed better with a 80.26% return vs 34.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PRAE or DBO?

DBO is cheaper with a 0.78% expense ratio, compared with 1.43% for PRAE.

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

DBO has the higher dividend yield at 1.90%, compared with 0.47% for PRAE.

What is the main difference between PRAE and DBO?

PRAE is categorized as Diversified Portfolio, while DBO is Oil & Gas. They also come from different issuers: PlanRock and Invesco. Their fees differ too: 1.43% for PRAE and 0.78% for DBO.

Which has better risk-adjusted returns?

PRAE currently has the higher Sharpe Ratio (2.34 vs 2.34), 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.