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QQQE vs. DBE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQQE vs. DBE

Last updated Jun 5, 2026

QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, QQQE returned 15.43%/yr vs 11.58%/yr for DBE. At a 0.19 correlation, their price movements are largely independent. QQQE charges 0.35%/yr vs 0.78%/yr for DBE.

Performance

QQQE vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, QQQE achieves a 18.85% return, which is significantly lower than DBE's 79.04% return. Over the past 10 years, QQQE has outperformed DBE with an annualized return of 15.43%, while DBE has yielded a comparatively lower 11.58% annualized return.

QQQE

1D
-0.22%
1M
9.15%
YTD
18.85%
6M
17.59%
1Y
28.07%
3Y*
18.58%
5Y*
10.25%
10Y*
15.43%

DBE

1D
-2.52%
1M
-6.01%
YTD
79.04%
6M
69.31%
1Y
81.31%
3Y*
22.41%
5Y*
19.05%
10Y*
11.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQE vs. DBE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares		18.85%14.58%6.98%33.76%-24.47%17.93%37.85%36.43%-5.40%26.53%
DBE
Invesco DB Energy Fund		79.04%-2.17%2.96%-12.14%33.77%57.56%-25.91%19.72%-12.95%5.21%

Correlation

The correlation between QQQE and DBE is -0.28, 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

-0.28

Correlation (3Y)
Calculated over the trailing 3-year period

-0.06

Correlation (5Y)
Calculated over the trailing 5-year period

0.07

Correlation (10Y)
Calculated over the trailing 10-year period

0.15

Correlation (All Time)
Calculated using the full available price history since Mar 22, 2012

0.19

The correlation between QQQE and DBE shifts across timeframes, from -0.28 (1 year) to 0.19 (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.

Direxion NASDAQ-100 Equal Weighted Index Shares

Invesco DB Energy Fund

Often compared with QQQE:
QQQE vs. QQQQQQE vs. QQQMQQQE vs. QQEWQQQE vs. SPYGQQQE vs. TQQQQQQE vs. VOOQQQE vs. SPY
Often compared with DBE:
DBE vs. DBBDBE vs. XLEDBE vs. VDEDBE vs. XLKDBE vs. COMTDBE vs. GLDDBE vs. TIP

Return for Risk

QQQE vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQQE
QQQE Risk / Return Rank: 5959
Overall Rank
QQQE Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
QQQE Sortino Ratio Rank: 5959
Sortino Ratio Rank
QQQE Omega Ratio Rank: 5656
Omega Ratio Rank
QQQE Calmar Ratio Rank: 6161
Calmar Ratio Rank
QQQE Martin Ratio Rank: 5959
Martin Ratio Rank
DBE
DBE Risk / Return Rank: 7171
Overall Rank
DBE Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
DBE Sortino Ratio Rank: 6262
Sortino Ratio Rank
DBE Omega Ratio Rank: 6565
Omega Ratio Rank
DBE Calmar Ratio Rank: 9191
Calmar Ratio Rank
DBE Martin Ratio Rank: 6262
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQQE vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) 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.

QQQEDBEDifference
Sharpe ratioReturn per unit of total volatility
2.00
2.33

-0.34

Sortino ratioReturn per unit of downside risk
2.74
2.87

-0.13

Omega ratioGain probability vs. loss probability

1.34

1.39

-0.05

Calmar ratioReturn relative to maximum drawdown

3.00

5.67

-2.68

Martin ratioReturn relative to average drawdown

10.34

11.08

-0.73

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQE vs. DBE - Sharpe Ratio Comparison

The current QQQE Sharpe Ratio is 2.00, which is comparable to the DBE Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of QQQE and DBE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

QQQEDBEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.00

2.33

-0.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.51

0.65

-0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.75

0.41

+0.34

Sharpe Ratio (All Time)

Calculated using the full available price history

0.76

0.09

+0.67

Drawdowns

QQQE vs. DBE - Drawdown Comparison

The maximum QQQE drawdown since its inception was -32.14%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for QQQE and DBE.

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Drawdown Indicators

QQQEDBEDifference

Max Drawdown

Largest peak-to-trough decline

-32.14%

-86.69%

+54.55%

Max Drawdown (1Y)

Largest decline over 1 year

-9.41%

-14.41%

+5.00%

Max Drawdown (3Y)

Largest decline over 3 years

-21.38%

-23.89%

+2.51%

Max Drawdown (5Y)

Largest decline over 5 years

-32.14%

-38.74%

+6.60%

Max Drawdown (10Y)

Largest decline over 10 years

-32.14%

-60.84%

+28.70%

Current Drawdown

Current decline from peak

-0.32%

-32.03%

+31.71%

Average Drawdown

Average peak-to-trough decline

-5.17%

-57.30%

+52.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.72%

7.37%

-4.65%

Volatility

QQQE vs. DBE - Volatility Comparison

The current volatility for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) is 3.82%, while Invesco DB Energy Fund (DBE) has a volatility of 13.05%. This indicates that QQQE 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

QQQEDBEDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.82%

13.05%

-9.23%

Volatility (6M)

Calculated over the trailing 6-month period

10.61%

30.97%

-20.36%

Volatility (1Y)

Calculated over the trailing 1-year period

14.13%

35.07%

-20.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.29%

29.41%

-9.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.72%

28.34%

-7.62%

QQQE vs. DBE - Expense Ratio Comparison

QQQE has a 0.35% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

QQQE vs. DBE - Dividend Comparison

QQQE's dividend yield for the trailing twelve months is around 0.52%, less than DBE's 2.16% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares		0.52%0.52%0.86%0.79%0.98%3.83%0.54%0.74%0.80%0.65%1.17%0.57%

Frequently Asked Questions

QQQE and DBE have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DBE has higher volatility (13.05%) compared to QQQE (3.82%). In terms of maximum drawdown, QQQE dropped -32.14% vs DBE's -86.69%.

On 10-year performance, QQQE leads with 15.43% vs 11.58% for DBE. On fees, QQQE is cheaper at 0.35% per year. On volatility, QQQE has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QQQE has performed better with a 15.43% return vs 11.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQE is cheaper with a 0.35% expense ratio, compared with 0.78% for DBE.

DBE has the higher dividend yield at 2.16%, compared with 0.52% for QQQE.

QQQE is categorized as Nasdaq-100, while DBE is Oil & Gas. QQQE tracks NASDAQ-100 Equal Weighted Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 0.35% for QQQE and 0.78% for DBE.

DBE currently has the higher Sharpe Ratio (2.33 vs 2.00), 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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