QQQJ vs. DBE
QQQJ (Invesco NASDAQ Next Gen 100 ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - QQQJ is a Large Cap Growth Equities fund tracking the NASDAQ Next Generation 100 Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, QQQJ returned 7.79%/yr vs 19.05%/yr for DBE. At a 0.07 correlation, their price movements are largely independent. QQQJ charges 0.15%/yr vs 0.78%/yr for DBE.
Performance
QQQJ vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, QQQJ achieves a 23.83% return, which is significantly lower than DBE's 79.04% return.
QQQJ
- 1D
- 0.49%
- 1M
- 10.77%
- YTD
- 23.83%
- 6M
- 23.61%
- 1Y
- 47.01%
- 3Y*
- 22.59%
- 5Y*
- 7.79%
- 10Y*
- —
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%
QQQJ vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QQQJ Invesco NASDAQ Next Gen 100 ETF | 23.83% | 20.44% | 15.36% | 13.68% | -28.25% | 9.76% | 15.25% |
DBE Invesco DB Energy Fund | 79.04% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | 12.45% |
Correlation
The correlation between QQQJ 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 (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2020 | 0.07 |
The correlation between QQQJ and DBE shifts across timeframes, from -0.29 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QQQJ vs. DBE — Risk / Return Rank
QQQJ
DBE
QQQJ vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Next Gen 100 ETF (QQQJ) 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.
| QQQJ | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.39 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | 5.67 | -1.68 |
| Martin ratioReturn relative to average drawdown | 17.19 | 11.08 | +6.11 |
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
| QQQJ | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.62 | 2.33 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.65 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.09 | +0.40 |
Drawdowns
QQQJ vs. DBE - Drawdown Comparison
The maximum QQQJ drawdown since its inception was -39.57%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for QQQJ and DBE.
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Drawdown Indicators
| QQQJ | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.57% | -86.69% | +47.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.84% | -14.41% | +2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -22.46% | -23.89% | +1.43% |
Max Drawdown (5Y)Largest decline over 5 years | -39.57% | -38.74% | -0.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -0.20% | -32.03% | +31.83% |
Average DrawdownAverage peak-to-trough decline | -15.73% | -57.30% | +41.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 7.37% | -4.63% |
Volatility
QQQJ vs. DBE - Volatility Comparison
The current volatility for Invesco NASDAQ Next Gen 100 ETF (QQQJ) is 5.59%, while Invesco DB Energy Fund (DBE) has a volatility of 13.05%. This indicates that QQQJ 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
| QQQJ | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.59% | 13.05% | -7.46% |
Volatility (6M)Calculated over the trailing 6-month period | 14.65% | 30.97% | -16.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.06% | 35.07% | -17.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.02% | 29.41% | -7.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.05% | 28.34% | -6.29% |
QQQJ vs. DBE - Expense Ratio Comparison
QQQJ has a 0.15% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
QQQJ vs. DBE - Dividend Comparison
QQQJ's dividend yield for the trailing twelve months is around 0.71%, less than DBE's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.16% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
QQQJ Invesco NASDAQ Next Gen 100 ETF | 0.71% | 0.85% | 0.77% | 0.67% | 0.76% | 0.91% | 0.09% | 0.00% | 0.00% |
Frequently Asked Questions
QQQJ 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 (13.05%) compared to QQQJ (5.59%). In terms of maximum drawdown, QQQJ dropped -39.57% vs DBE's -86.69%.
On 5-year performance, DBE leads with 19.05% vs 7.79% for QQQJ. On fees, QQQJ is cheaper at 0.15% per year. On volatility, QQQJ has been the lower-risk option at 5.59%. 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 19.05% return vs 7.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQJ is cheaper with a 0.15% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.16%, compared with 0.71% for QQQJ.
QQQJ is categorized as Large Cap Growth Equities, while DBE is Oil & Gas. QQQJ tracks NASDAQ Next Generation 100 Index, while DBE tracks DBIQ Optimum Yield Energy Index. Their fees differ too: 0.15% for QQQJ and 0.78% for DBE.
QQQJ currently has the higher Sharpe Ratio (2.62 vs 2.33), 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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