PTF vs. DBE
PTF (Invesco DWA Technology Momentum ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - PTF is a Momentum fund tracking the DWA Technology Technical Leaders Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, PTF returned 26.93%/yr vs 12.03%/yr for DBE. At a 0.20 correlation, their price movements are largely independent. PTF charges 0.60%/yr vs 0.78%/yr for DBE.
Performance
PTF vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, PTF achieves a 77.58% return, which is significantly lower than DBE's 83.68% return. Over the past 10 years, PTF has outperformed DBE with an annualized return of 26.93%, while DBE has yielded a comparatively lower 12.03% annualized return.
PTF
- 1D
- 0.27%
- 1M
- 19.05%
- YTD
- 77.58%
- 6M
- 74.93%
- 1Y
- 109.08%
- 3Y*
- 43.28%
- 5Y*
- 23.79%
- 10Y*
- 26.93%
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%
PTF vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTF Invesco DWA Technology Momentum ETF | 77.58% | 5.68% | 43.65% | 33.73% | -31.75% | 18.10% | 82.06% | 46.71% | 0.01% | 32.07% |
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 PTF and DBE is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2007 | 0.20 |
The correlation between PTF and DBE shifts across timeframes, from -0.18 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PTF vs. DBE — Risk / Return Rank
PTF
DBE
PTF vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Technology Momentum ETF (PTF) 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.
| PTF | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.40 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 6.10 | 5.89 | +0.21 |
| Martin ratioReturn relative to average drawdown | 24.27 | 11.53 | +12.75 |
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
| PTF | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.86 | 2.43 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.67 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.43 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.09 | +0.44 |
Drawdowns
PTF vs. DBE - Drawdown Comparison
The maximum PTF drawdown since its inception was -55.38%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for PTF and DBE.
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Drawdown Indicators
| PTF | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.38% | -86.69% | +31.31% |
Max Drawdown (1Y)Largest decline over 1 year | -17.99% | -14.41% | -3.58% |
Max Drawdown (3Y)Largest decline over 3 years | -36.11% | -23.89% | -12.22% |
Max Drawdown (5Y)Largest decline over 5 years | -44.88% | -38.74% | -6.14% |
Max Drawdown (10Y)Largest decline over 10 years | -44.88% | -60.84% | +15.96% |
Current DrawdownCurrent decline from peak | 0.00% | -30.27% | +30.27% |
Average DrawdownAverage peak-to-trough decline | -13.27% | -57.31% | +44.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.51% | 7.35% | -2.84% |
Volatility
PTF vs. DBE - Volatility Comparison
Invesco DWA Technology Momentum ETF (PTF) and Invesco DB Energy Fund (DBE) have volatilities of 13.27% and 12.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTF | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.27% | 12.95% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 29.47% | 30.86% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.39% | 34.97% | +3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.95% | 29.39% | +5.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.94% | 28.33% | +4.61% |
PTF vs. DBE - Expense Ratio Comparison
PTF has a 0.60% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
PTF vs. DBE - Dividend Comparison
PTF's dividend yield for the trailing twelve months is around 0.01%, 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% |
PTF Invesco DWA Technology Momentum ETF | 0.01% | 0.21% | 0.00% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.08% | 0.04% | 0.26% |
Frequently Asked Questions
PTF and DBE have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTF has higher volatility (13.27%) compared to DBE (12.95%). In terms of maximum drawdown, PTF dropped -55.38% vs DBE's -86.69%.
On 10-year performance, PTF leads with 26.93% vs 12.03% for DBE. On fees, PTF is cheaper at 0.60% per year. On volatility, DBE has been the lower-risk option at 12.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PTF has performed better with a 26.93% return vs 12.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PTF is cheaper with a 0.60% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.10%, compared with 0.01% for PTF.
PTF is categorized as Momentum, while DBE is Oil & Gas. PTF tracks DWA Technology Technical Leaders Index, while DBE tracks DBIQ Optimum Yield Energy Index. Their fees differ too: 0.60% for PTF and 0.78% for DBE.
PTF currently has the higher Sharpe Ratio (2.86 vs 2.43), 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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