QQQA vs. DBE
QQQA (ProShares Nasdaq-100 Dorsey Wright Momentum ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - QQQA is a Nasdaq-100 fund tracking the NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, QQQA returned 14.74%/yr vs 19.66%/yr for DBE. At a 0.05 correlation, their price movements are largely independent. QQQA charges 0.58%/yr vs 0.78%/yr for DBE.
Performance
QQQA vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, QQQA achieves a 65.37% return, which is significantly lower than DBE's 83.68% return.
QQQA
- 1D
- 2.20%
- 1M
- 23.31%
- YTD
- 65.37%
- 6M
- 67.98%
- 1Y
- 88.43%
- 3Y*
- 34.58%
- 5Y*
- 14.74%
- 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%
QQQA vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 65.37% | 9.87% | 16.17% | 24.98% | -29.08% | 8.43% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | 22.70% |
Correlation
The correlation between QQQA and DBE is -0.21, 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 | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since May 21, 2021 | 0.05 |
The correlation between QQQA and DBE shifts across timeframes, from -0.21 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QQQA vs. DBE — Risk / Return Rank
QQQA
DBE
QQQA vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) 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.
| QQQA | DBE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.41 | 2.43 | +0.99 |
Sortino ratioReturn per unit of downside risk | 4.00 | 2.96 | +1.04 |
Omega ratioGain probability vs. loss probability | 1.54 | 1.40 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 6.11 | 5.89 | +0.22 |
Martin ratioReturn relative to average drawdown | 22.85 | 11.53 | +11.32 |
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
| QQQA | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.41 | 2.43 | +0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.67 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.09 | +0.49 |
Drawdowns
QQQA vs. DBE - Drawdown Comparison
The maximum QQQA drawdown since its inception was -38.44%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for QQQA and DBE.
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Drawdown Indicators
| QQQA | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.44% | -86.69% | +48.25% |
Max Drawdown (1Y)Largest decline over 1 year | -14.54% | -14.41% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -30.84% | -23.89% | -6.95% |
Max Drawdown (5Y)Largest decline over 5 years | -38.44% | -38.74% | +0.30% |
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 | -15.68% | -57.31% | +41.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 7.35% | -3.47% |
Volatility
QQQA vs. DBE - Volatility Comparison
The current volatility for ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) is 10.17%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that QQQA 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
| QQQA | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.17% | 12.95% | -2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 22.18% | 30.86% | -8.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.05% | 34.97% | -8.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.83% | 29.39% | -3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.77% | 28.33% | -2.56% |
QQQA vs. DBE - Expense Ratio Comparison
QQQA has a 0.58% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
QQQA vs. DBE - Dividend Comparison
QQQA's dividend yield for the trailing twelve months is around 0.06%, less 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% |
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 0.06% | 0.10% | 0.09% | 0.34% | 0.28% | 0.10% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQQA and DBE have a correlation of -0.21, 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 QQQA (10.17%). In terms of maximum drawdown, QQQA dropped -38.44% vs DBE's -86.69%.
On 5-year performance, DBE leads with 19.66% vs 14.74% for QQQA. On fees, QQQA is cheaper at 0.58% per year. On volatility, QQQA has been the lower-risk option at 10.17%. 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 19.66% return vs 14.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQA is cheaper with a 0.58% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.10%, compared with 0.06% for QQQA.
QQQA is categorized as Nasdaq-100, while DBE is Oil & Gas. QQQA tracks NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: ProShares and Invesco. Their fees differ too: 0.58% for QQQA and 0.78% for DBE.
QQQA currently has the higher Sharpe Ratio (3.41 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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