PXQ vs. DBE
PXQ (Invesco Next Gen Connectivity ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - PXQ is a Technology Equities fund tracking the STOXX World AC NexGen Connectivity Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, PXQ returned 18.83%/yr vs 13.17%/yr for DBE. Their 0.21 correlation means their historical movements had little consistent relationship. PXQ charges 0.40%/yr vs 0.78%/yr for DBE.
Performance
PXQ vs. DBE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PXQ achieves a 40.12% return, which is significantly lower than DBE's 78.87% return. Over the past 10 years, PXQ has outperformed DBE with an annualized return of 18.83%, while DBE has yielded a comparatively lower 13.17% annualized return.
PXQ
- 1D
- 0.08%
- 1M
- -4.96%
- 6M
- 31.73%
- YTD
- 40.12%
- 1Y
- 63.92%
- 3Y*
- 33.13%
- 5Y*
- 16.31%
- 10Y*
- 18.83%
- ALL TIME*
- 13.22%
DBE
- 1D
- 1.13%
- 1M
- 21.13%
- 6M
- 53.89%
- YTD
- 78.87%
- 1Y
- 68.62%
- 3Y*
- 17.16%
- 5Y*
- 17.73%
- 10Y*
- 13.17%
- ALL TIME*
- 2.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.24M | $1.18M | $1.76M | |
| $741.37K | $822.66K | $837.91K |
PXQ vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PXQ Invesco Next Gen Connectivity ETF | 40.12% | 28.65% | 19.41% | 27.39% | -29.54% | 21.83% | 39.14% | 26.35% | 5.78% | 15.41% |
DBE Invesco DB Energy Fund | 78.87% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between PXQ and DBE is -0.18, 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. | -0.18 |
Correlation (3Y) Balances recent behavior with more history. | -0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2007 | 0.21 |
The correlation between PXQ and DBE shifts across timeframes, from -0.18 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PXQ vs. DBE — Risk / Return Rank
PXQ
DBE
PXQ vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (PXQ) 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.
| PXQ | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.29 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 2.59 | +0.72 |
| Martin ratioReturn relative to average drawdown | 13.33 | 8.14 | +5.19 |
Loading charts...
Drawdowns
PXQ vs. DBE - Drawdown Comparison
The maximum PXQ drawdown since its inception was -57.18%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for PXQ and DBE.
Loading charts...
Drawdown Indicators
| PXQ | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.18% | -86.69% | +29.51% |
Max Drawdown (1Y)Largest decline over 1 year | -18.91% | -24.72% | +5.81% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -24.72% | +3.32% |
Max Drawdown (5Y)Largest decline over 5 years | -34.55% | -38.74% | +4.19% |
Max Drawdown (10Y)Largest decline over 10 years | -34.55% | -60.84% | +26.29% |
Current DrawdownCurrent decline from peak | -14.80% | -32.09% | +17.29% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -57.13% | +46.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.68% | 8.15% | -3.47% |
Volatility
PXQ vs. DBE - Volatility Comparison
The current volatility for Invesco Next Gen Connectivity ETF (PXQ) is 11.26%, while Invesco DB Energy Fund (DBE) has a volatility of 14.12%. This indicates that PXQ 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.
Loading charts...
Volatility by Period
| PXQ | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.26% | 14.12% | -2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 24.68% | 33.95% | -9.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.67% | 37.47% | -9.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.48% | 30.09% | -5.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.55% | 28.58% | -5.03% |
PXQ vs. DBE - Expense Ratio Comparison
PXQ has a 0.40% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
PXQ vs. DBE - Dividend Comparison
PXQ's dividend yield for the trailing twelve months is around 0.68%, less than DBE's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.16% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% |
PXQ Invesco Next Gen Connectivity ETF | 0.68% | 0.86% | 1.38% | 0.60% | 2.24% | 0.55% | 0.18% | 0.44% | 1.22% | 0.66% | 0.44% |
Frequently Asked Questions
PXQ 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.
DBE has higher volatility (14.12%) compared to PXQ (11.26%). In terms of maximum drawdown, PXQ dropped -57.18% vs DBE's -86.69%.
On 10-year performance, PXQ leads with 18.83% vs 13.17% for DBE. On fees, PXQ is cheaper at 0.40% per year. On volatility, PXQ has been the lower-risk option at 11.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PXQ has performed better with a 18.83% return vs 13.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PXQ is cheaper with a 0.40% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.16%, compared with 0.68% for PXQ.
PXQ is categorized as Technology Equities, while DBE is Oil & Gas. PXQ tracks STOXX World AC NexGen Connectivity Index, while DBE tracks DBIQ Optimum Yield Energy Index. Their fees differ too: 0.40% for PXQ and 0.78% for DBE.
PXQ currently has the higher Sharpe Ratio (2.27 vs 1.71), 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.
Find the right allocation for PXQ and DBE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer