PSET vs. DBE
PSET (Principal Quality ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - PSET is a Large Cap Growth Equities fund tracking the NASDAQ US Price Setters, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, PSET returned 12.73%/yr vs 12.03%/yr for DBE. At a 0.08 correlation, their price movements are largely independent. PSET charges 0.15%/yr vs 0.78%/yr for DBE.
Performance
PSET vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, PSET achieves a -0.49% return, which is significantly lower than DBE's 83.68% return. Over the past 10 years, PSET has outperformed DBE with an annualized return of 12.73%, while DBE has yielded a comparatively lower 12.03% annualized return.
PSET
- 1D
- -0.77%
- 1M
- 2.67%
- YTD
- -0.49%
- 6M
- -0.66%
- 1Y
- 7.57%
- 3Y*
- 12.93%
- 5Y*
- 8.86%
- 10Y*
- 12.73%
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%
PSET vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSET Principal Quality ETF | -0.49% | 7.27% | 17.65% | 24.07% | -16.52% | 29.59% | 16.20% | 34.85% | -2.29% | 24.63% |
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 PSET and DBE is -0.33, 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 | -0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2016 | 0.08 |
The correlation between PSET and DBE shifts across timeframes, from -0.33 (1 year) to 0.09 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
PSET vs. DBE — Risk / Return Rank
PSET
DBE
PSET vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Quality ETF (PSET) 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.
| PSET | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.40 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 5.89 | -5.30 |
| Martin ratioReturn relative to average drawdown | 1.98 | 11.53 | -9.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSET | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 2.43 | -1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.67 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.43 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.09 | +0.62 |
Drawdowns
PSET vs. DBE - Drawdown Comparison
The maximum PSET drawdown since its inception was -34.74%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for PSET and DBE.
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Drawdown Indicators
| PSET | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.74% | -86.69% | +51.95% |
Max Drawdown (1Y)Largest decline over 1 year | -12.94% | -14.41% | +1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -21.96% | -23.89% | +1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -25.61% | -38.74% | +13.13% |
Max Drawdown (10Y)Largest decline over 10 years | -34.74% | -60.84% | +26.10% |
Current DrawdownCurrent decline from peak | -2.59% | -30.27% | +27.68% |
Average DrawdownAverage peak-to-trough decline | -4.59% | -57.31% | +52.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 7.35% | -3.53% |
Volatility
PSET vs. DBE - Volatility Comparison
The current volatility for Principal Quality ETF (PSET) is 3.01%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that PSET 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
| PSET | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 12.95% | -9.94% |
Volatility (6M)Calculated over the trailing 6-month period | 9.67% | 30.86% | -21.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.67% | 34.97% | -22.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.51% | 29.39% | -11.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 28.33% | -10.27% |
PSET vs. DBE - Expense Ratio Comparison
PSET has a 0.15% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
PSET vs. DBE - Dividend Comparison
PSET's dividend yield for the trailing twelve months is around 0.63%, less than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PSET Principal Quality ETF | 0.63% | 0.59% | 0.69% | 0.85% | 1.47% | 0.89% | 1.09% | 1.52% | 1.33% | 1.02% | 1.26% |
Frequently Asked Questions
PSET and DBE have a correlation of -0.33, 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 PSET (3.01%). In terms of maximum drawdown, PSET dropped -34.74% vs DBE's -86.69%.
On 10-year performance, PSET leads with 12.73% vs 12.03% for DBE. On fees, PSET is cheaper at 0.15% per year. On volatility, PSET has been the lower-risk option at 3.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PSET has performed better with a 12.73% return vs 12.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSET is cheaper with a 0.15% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.10%, compared with 0.63% for PSET.
PSET is categorized as Large Cap Growth Equities, while DBE is Oil & Gas. PSET tracks NASDAQ US Price Setters, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Principal and Invesco. Their fees differ too: 0.15% for PSET and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.43 vs 0.60), 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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