PTBD vs. DBE
PTBD (Pacer Trendpilot US Bond ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - PTBD is a High Yield Bonds fund tracking the Pacer Trendpilot US Bond Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, PTBD returned -1.64%/yr vs 16.46%/yr for DBE. Their -0.01 correlation means they have often moved in opposite directions in the past. PTBD charges 0.60%/yr vs 0.78%/yr for DBE.
Performance
PTBD vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, PTBD achieves a 1.72% return, which is significantly lower than DBE's 63.93% return.
PTBD
- 1D
- 0.53%
- 1M
- 0.15%
- 6M
- 1.17%
- YTD
- 1.72%
- 1Y
- 2.50%
- 3Y*
- 4.91%
- 5Y*
- -1.64%
- 10Y*
- —
- ALL TIME*
- 0.90%
DBE
- 1D
- -4.28%
- 1M
- 11.01%
- 6M
- 47.49%
- YTD
- 63.93%
- 1Y
- 55.67%
- 3Y*
- 13.55%
- 5Y*
- 16.46%
- 10Y*
- 11.75%
- ALL TIME*
- 2.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.35M | $1.09M | $1.64M | |
| $204.54K | $249.92K | $355.58K |
PTBD vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PTBD Pacer Trendpilot US Bond ETF | 1.72% | 2.49% | 4.24% | 8.84% | -20.88% | 0.47% | 10.62% | 2.16% |
DBE Invesco DB Energy Fund | 63.93% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 9.51% |
Correlation
The correlation between PTBD and DBE is -0.35, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.35 |
Correlation (3Y) Balances recent behavior with more history. | -0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2019 | -0.01 |
Over the past year, the inverse relationship between PTBD and DBE has strengthened: their correlation has moved from -0.01 to -0.35, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
PTBD vs. DBE — Risk / Return Rank
PTBD
DBE
PTBD vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot US Bond ETF (PTBD) 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.
| PTBD | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.26 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 2.26 | -1.46 |
| Martin ratioReturn relative to average drawdown | 2.99 | 7.03 | -4.04 |
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Drawdowns
PTBD vs. DBE - Drawdown Comparison
The maximum PTBD drawdown since its inception was -26.00%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for PTBD and DBE.
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Drawdown Indicators
| PTBD | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.00% | -86.69% | +60.69% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -24.72% | +21.60% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -24.72% | +20.90% |
Max Drawdown (5Y)Largest decline over 5 years | -25.68% | -38.74% | +13.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -8.21% | -37.77% | +29.56% |
Average DrawdownAverage peak-to-trough decline | -10.13% | -57.12% | +46.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 7.95% | -7.11% |
Volatility
PTBD vs. DBE - Volatility Comparison
The current volatility for Pacer Trendpilot US Bond ETF (PTBD) is 0.94%, while Invesco DB Energy Fund (DBE) has a volatility of 15.88%. This indicates that PTBD 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
| PTBD | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 15.88% | -14.94% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 33.82% | -30.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 37.86% | -34.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.26% | 30.19% | -22.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.73% | 28.64% | -20.91% |
PTBD vs. DBE - Expense Ratio Comparison
PTBD has a 0.60% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
PTBD vs. DBE - Dividend Comparison
PTBD's dividend yield for the trailing twelve months is around 5.88%, more than DBE's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.36% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
PTBD Pacer Trendpilot US Bond ETF | 5.88% | 5.62% | 6.56% | 6.55% | 6.14% | 2.70% | 2.50% | 0.62% | 0.00% |
Frequently Asked Questions
PTBD and DBE have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (15.88%) compared to PTBD (0.94%). In terms of maximum drawdown, PTBD dropped -26.00% vs DBE's -86.69%.
On 5-year performance, DBE leads with 16.46% vs -1.64% for PTBD. On fees, PTBD is cheaper at 0.60% per year. On volatility, PTBD has been the lower-risk option at 0.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBE has performed better with a 16.46% return vs -1.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PTBD is cheaper with a 0.60% expense ratio, compared with 0.78% for DBE.
PTBD has the higher dividend yield at 5.88%, compared with 2.36% for DBE.
PTBD is categorized as High Yield Bonds, while DBE is Oil & Gas. PTBD tracks Pacer Trendpilot US Bond Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Pacer and Invesco. Their fees differ too: 0.60% for PTBD and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.48 vs 0.66), 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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