PSCJ vs. DBE
PSCJ (Pacer Swan SOS Conservative (July) ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - PSCJ is a Defined Outcome fund tracking the SPDR S&P 500 ETF Trust, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 3 years, PSCJ returned 13.13%/yr vs 15.52%/yr for DBE. At a 0.08 correlation, their price movements are largely independent. PSCJ charges 0.61%/yr vs 0.78%/yr for DBE.
Performance
PSCJ vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, PSCJ achieves a 5.10% return, which is significantly lower than DBE's 48.87% return.
PSCJ
- 1D
- 0.02%
- 1M
- 0.60%
- YTD
- 5.10%
- 6M
- 4.86%
- 1Y
- 13.51%
- 3Y*
- 13.13%
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- -3.31%
- 1M
- -19.00%
- YTD
- 48.87%
- 6M
- 46.64%
- 1Y
- 44.16%
- 3Y*
- 15.52%
- 5Y*
- 13.92%
- 10Y*
- 9.75%
PSCJ vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PSCJ Pacer Swan SOS Conservative (July) ETF | 5.10% | 12.80% | 14.74% | 18.48% | -7.48% | 3.29% |
DBE Invesco DB Energy Fund | 48.87% | -2.17% | 2.96% | -12.14% | 33.77% | 9.56% |
Correlation
The correlation between PSCJ and DBE is -0.25, 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 | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | 0.08 |
The correlation between PSCJ and DBE shifts across timeframes, from -0.25 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PSCJ vs. DBE — Risk / Return Rank
PSCJ
DBE
PSCJ vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Conservative (July) ETF (PSCJ) 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.
| PSCJ | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.23 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 1.86 | +1.40 |
| Martin ratioReturn relative to average drawdown | 18.39 | 6.74 | +11.65 |
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Drawdowns
PSCJ vs. DBE - Drawdown Comparison
The maximum PSCJ drawdown since its inception was -11.87%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for PSCJ and DBE.
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Drawdown Indicators
| PSCJ | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.87% | -86.69% | +74.82% |
Max Drawdown (1Y)Largest decline over 1 year | -4.16% | -23.89% | +19.73% |
Max Drawdown (3Y)Largest decline over 3 years | -11.87% | -23.89% | +12.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | 0.00% | -43.48% | +43.48% |
Average DrawdownAverage peak-to-trough decline | -2.17% | -57.24% | +55.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 6.57% | -5.83% |
Volatility
PSCJ vs. DBE - Volatility Comparison
The current volatility for Pacer Swan SOS Conservative (July) ETF (PSCJ) is 0.48%, while Invesco DB Energy Fund (DBE) has a volatility of 9.69%. This indicates that PSCJ 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
| PSCJ | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 9.69% | -9.21% |
Volatility (6M)Calculated over the trailing 6-month period | 4.00% | 31.65% | -27.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.24% | 34.90% | -29.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.67% | 29.62% | -20.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.67% | 28.36% | -19.69% |
PSCJ vs. DBE - Expense Ratio Comparison
PSCJ has a 0.61% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
PSCJ vs. DBE - Dividend Comparison
PSCJ has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.60% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
PSCJ Pacer Swan SOS Conservative (July) ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PSCJ and DBE have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (9.69%) compared to PSCJ (0.48%). In terms of maximum drawdown, PSCJ dropped -11.87% vs DBE's -86.69%.
On 3-year performance, DBE leads with 15.52% vs 13.13% for PSCJ. On fees, PSCJ is cheaper at 0.61% per year. On volatility, PSCJ has been the lower-risk option at 0.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DBE has performed better with a 15.52% return vs 13.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSCJ is cheaper with a 0.61% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.60%, compared with 0.00% for PSCJ.
PSCJ is categorized as Defined Outcome, while DBE is Oil & Gas. PSCJ tracks SPDR S&P 500 ETF Trust, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Pacer and Invesco. Their fees differ too: 0.61% for PSCJ and 0.78% for DBE.
PSCJ currently has the higher Sharpe Ratio (2.64 vs 1.28), 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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