QDTY vs. DBE
QDTY (YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - QDTY is a Nasdaq-100 fund actively managed by YieldMax, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. QDTY is actively managed, while DBE is passively managed. Over the past year, QDTY returned 39.98% vs 84.41% for DBE. At a correlation of -0.14, they often move in opposite directions. QDTY charges 1.01%/yr vs 0.78%/yr for DBE.
Performance
QDTY vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, QDTY achieves a 16.37% return, which is significantly lower than DBE's 83.68% return.
QDTY
- 1D
- 0.06%
- 1M
- 9.62%
- YTD
- 16.37%
- 6M
- 16.71%
- 1Y
- 39.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
QDTY vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF | 16.37% | 11.37% |
DBE Invesco DB Energy Fund | 83.68% | -5.97% |
Correlation
The correlation between QDTY and DBE is -0.29, 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 | -0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | -0.14 |
The correlation between QDTY and DBE shifts across timeframes, from -0.29 (1 year) to -0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QDTY vs. DBE — Risk / Return Rank
QDTY
DBE
QDTY vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) 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.
| QDTY | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.40 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 5.89 | -2.27 |
| Martin ratioReturn relative to average drawdown | 13.27 | 11.53 | +1.74 |
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
| QDTY | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.65 | 2.43 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.09 | +0.76 |
Drawdowns
QDTY vs. DBE - Drawdown Comparison
The maximum QDTY drawdown since its inception was -23.45%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for QDTY and DBE.
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Drawdown Indicators
| QDTY | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.45% | -86.69% | +63.24% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -14.41% | +3.31% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.89% | — |
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 | 0.00% | -30.27% | +30.27% |
Average DrawdownAverage peak-to-trough decline | -4.48% | -57.31% | +52.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 7.35% | -4.33% |
Volatility
QDTY vs. DBE - Volatility Comparison
The current volatility for YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) is 3.29%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that QDTY 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
| QDTY | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 12.95% | -9.66% |
Volatility (6M)Calculated over the trailing 6-month period | 11.77% | 30.86% | -19.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 34.97% | -19.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.87% | 29.39% | -3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.87% | 28.33% | -2.46% |
QDTY vs. DBE - Expense Ratio Comparison
QDTY has a 1.01% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
QDTY vs. DBE - Dividend Comparison
QDTY's dividend yield for the trailing twelve months is around 30.90%, more than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.10% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF | 30.90% | 26.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QDTY and DBE have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (12.95%) compared to QDTY (3.29%). In terms of maximum drawdown, QDTY dropped -23.45% vs DBE's -86.69%.
On 1-year performance, DBE leads with 84.41% vs 39.98% for QDTY. On fees, DBE is cheaper at 0.78% per year. On volatility, QDTY has been the lower-risk option at 3.29%. 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 84.41% return vs 39.98%. 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 1.01% for QDTY.
QDTY has the higher dividend yield at 30.90%, compared with 2.10% for DBE.
QDTY is categorized as Nasdaq-100, while DBE is Oil & Gas. They also come from different issuers: YieldMax and Invesco. Their fees differ too: 1.01% for QDTY and 0.78% for DBE.
QDTY currently has the higher Sharpe Ratio (2.65 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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