PSTR vs. DBO

Last updated Jun 4, 2026

PSTR (PeakShares Sector Rotation ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - PSTR is a Derivative Income fund actively managed by PeakShares, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. PSTR is actively managed, while DBO is passively managed. Over the past year, PSTR returned 18.81% vs 80.26% for DBO. At a correlation of -0.04, they often move in opposite directions. PSTR charges 1.07%/yr vs 0.78%/yr for DBO.

Performance

PSTR vs. DBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PeakShares Sector Rotation ETF (PSTR) 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, PSTR achieves a 8.92% return, which is significantly lower than DBO's 84.75% return.

PSTR

• 1D: -0.69%
• 1M: 3.34%
• YTD: 8.92%
• 6M: 9.55%
• 1Y: 18.81%
• 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)

PSTR vs. DBO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PSTR PeakShares Sector Rotation ETF	8.92%	10.31%	13.42%
DBO Invesco DB Oil Fund	84.75%	-11.71%	-3.71%

Correlation

The correlation between PSTR and DBO is -0.27, 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	-0.27
Correlation (All Time) Calculated using the full available price history since May 1, 2024	-0.04

Over the past year, the inverse relationship between PSTR and DBO has strengthened: their correlation has moved from -0.04 to -0.27, meaning they now move in opposite directions more often than their long-term average.

PSTR vs. DBO - Sectors Allocation Comparison

Sectors	PSTR	DBO
Technology	37.5%	-
Healthcare	11.8%	-
Financial Services	9.7%	116.0%
Communication Services	9.5%	-
Consumer Cyclical	7.6%	-
Industrials	7.4%	-
Consumer Defensive	6.1%	-
Energy	3.8%	-
Utilities	3.1%	-
Real Estate	1.9%	-
Basic Materials	1.7%	-

Return for Risk

PSTR vs. DBO — Risk / Return Rank

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

PSTR

PSTR Risk / Return Rank: 70
PSTR Sharpe Ratio Rank: 69
PSTR Sortino Ratio Rank: 72
PSTR Omega Ratio Rank: 73
PSTR Calmar Ratio Rank: 58
PSTR Martin Ratio Rank: 80

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.

PSTR vs. DBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PeakShares Sector Rotation ETF (PSTR) 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.

	PSTR	DBO	Difference
Sharpe ratio: Return per unit of total volatility	2.23	2.34	-0.11
Sortino ratio: Return per unit of downside risk	3.23	2.94	+0.29
Omega ratio: Gain probability vs. loss probability	1.42	1.38	+0.05
Calmar ratio: Return relative to maximum drawdown	2.83	4.44	-1.61
Martin ratio: Return relative to average drawdown	15.34	9.02	+6.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSTR vs. DBO - Sharpe Ratio Comparison

The current PSTR Sharpe Ratio is 2.23, which is comparable to the DBO Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of PSTR 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

	PSTR	DBO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	2.34	-0.11
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	1.28	0.02	+1.26

Drawdowns

PSTR vs. DBO - Drawdown Comparison

The maximum PSTR drawdown since its inception was -14.73%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for PSTR and DBO.

Drawdown Indicators

	PSTR	DBO	Difference
Max Drawdown Largest peak-to-trough decline	-14.73%	-90.18%	+75.45%
Max Drawdown (1Y) Largest decline over 1 year	-6.68%	-18.19%	+11.51%
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	-0.84%	-51.38%	+50.54%
Average Drawdown Average peak-to-trough decline	-1.57%	-62.25%	+60.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	8.92%	-7.69%

Volatility

PSTR vs. DBO - Volatility Comparison

The current volatility for PeakShares Sector Rotation ETF (PSTR) is 2.41%, while Invesco DB Oil Fund (DBO) has a volatility of 12.61%. This indicates that PSTR 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

	PSTR	DBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.41%	12.61%	-10.20%
Volatility (6M) Calculated over the trailing 6-month period	7.25%	28.20%	-20.95%
Volatility (1Y) Calculated over the trailing 1-year period	8.47%	34.46%	-25.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.51%	32.29%	-19.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.51%	31.78%	-19.27%

PSTR vs. DBO - Expense Ratio Comparison

PSTR has a 1.07% expense ratio, which is higher than DBO's 0.78% expense ratio.

Dividends

PSTR vs. DBO - Dividend Comparison

PSTR's dividend yield for the trailing twelve months is around 4.67%, more 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%
PSTR PeakShares Sector Rotation ETF	4.67%	4.96%	1.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PSTR and DBO in my portfolio?

PSTR and DBO have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSTR or DBO?

DBO has higher volatility (12.61%) compared to PSTR (2.41%). In terms of maximum drawdown, PSTR dropped -14.73% vs DBO's -90.18%.

Which ETF is better, PSTR or DBO?

On 1-year performance, DBO leads with 80.26% vs 18.81% for PSTR. On fees, DBO is cheaper at 0.78% per year. On volatility, PSTR has been the lower-risk option at 2.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSTR or DBO?

Over the 1-year period, DBO has performed better with a 80.26% return vs 18.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSTR or DBO?

DBO is cheaper with a 0.78% expense ratio, compared with 1.07% for PSTR.

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

PSTR has the higher dividend yield at 4.67%, compared with 1.90% for DBO.

What is the main difference between PSTR and DBO?

PSTR is categorized as Derivative Income, while DBO is Oil & Gas. They also come from different issuers: PeakShares and Invesco. Their fees differ too: 1.07% for PSTR and 0.78% for DBO.

Which has better risk-adjusted returns?

DBO currently has the higher Sharpe Ratio (2.34 vs 2.23), 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.