QBF vs. DBE
QBF (Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - QBF is a Blockchain fund actively managed by Innovator, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. QBF is actively managed, while DBE is passively managed. Over the past year, QBF returned -42.28% vs 55.67% for DBE. Their -0.00 correlation means they have often moved in opposite directions in the past. QBF charges 0.79%/yr vs 0.78%/yr for DBE.
Performance
QBF vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, QBF achieves a -27.43% return, which is significantly lower than DBE's 63.93% return.
QBF
- 1D
- 0.45%
- 1M
- 3.01%
- 6M
- -19.69%
- YTD
- -27.43%
- 1Y
- -42.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -27.57%
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 | |
| $61.34K | $84.88K | $133.05K |
QBF vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QBF Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly | -27.43% | -14.76% |
DBE Invesco DB Energy Fund | 63.93% | -4.29% |
Correlation
The correlation between QBF and DBE is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025 | -0.00 |
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Return for Risk
QBF vs. DBE — Risk / Return Rank
QBF
DBE
QBF vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly (QBF) 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.
| QBF | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.04 | ||
| Sortino ratioReturn per unit of downside risk | -4.48 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.26 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 2.26 | -3.13 |
| Martin ratioReturn relative to average drawdown | -1.39 | 7.03 | -8.42 |
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Drawdowns
QBF vs. DBE - Drawdown Comparison
The maximum QBF drawdown since its inception was -48.71%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for QBF and DBE.
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Drawdown Indicators
| QBF | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.71% | -86.69% | +37.98% |
Max Drawdown (1Y)Largest decline over 1 year | -48.71% | -24.72% | -23.99% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.72% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -45.76% | -37.77% | -7.99% |
Average DrawdownAverage peak-to-trough decline | -20.02% | -57.12% | +37.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.54% | 7.95% | +22.59% |
Volatility
QBF vs. DBE - Volatility Comparison
The current volatility for Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly (QBF) is 5.79%, while Invesco DB Energy Fund (DBE) has a volatility of 15.88%. This indicates that QBF 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
| QBF | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 15.88% | -10.09% |
Volatility (6M)Calculated over the trailing 6-month period | 19.12% | 33.82% | -14.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.19% | 37.86% | -10.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.64% | 30.19% | -1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.64% | 28.64% | 0.00% |
QBF vs. DBE - Expense Ratio Comparison
QBF has a 0.79% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
QBF vs. DBE - Dividend Comparison
QBF's dividend yield for the trailing twelve months is around 1.90%, less 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% |
QBF Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly | 1.90% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QBF and DBE have a correlation of -0.08, 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 QBF (5.79%). In terms of maximum drawdown, QBF dropped -48.71% vs DBE's -86.69%.
On 1-year performance, DBE leads with 55.67% vs -42.28% for QBF. On fees, DBE is cheaper at 0.78% per year. On volatility, QBF has been the lower-risk option at 5.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBE has performed better with a 55.67% return vs -42.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 0.79% for QBF.
DBE has the higher dividend yield at 2.36%, compared with 1.90% for QBF.
QBF is categorized as Blockchain, while DBE is Oil & Gas. They also come from different issuers: Innovator and Invesco. Their fees differ too: 0.79% for QBF and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.48 vs -1.56), 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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