QQQS vs. DBE
QQQS (Invesco NASDAQ Future Gen 200 ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - QQQS is a Small Cap Blend Equities fund tracking the Nasdaq Innovators Completion Cap Total Return Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 3 years, QQQS returned 15.89%/yr vs 23.42%/yr for DBE. At a correlation of -0.02, they often move in opposite directions. QQQS charges 0.20%/yr vs 0.78%/yr for DBE.
Performance
QQQS vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, QQQS achieves a 27.27% return, which is significantly lower than DBE's 83.68% return.
QQQS
- 1D
- -1.70%
- 1M
- 5.91%
- YTD
- 27.27%
- 6M
- 27.40%
- 1Y
- 79.99%
- 3Y*
- 15.89%
- 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%
QQQS vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QQQS Invesco NASDAQ Future Gen 200 ETF | 27.27% | 23.03% | 10.20% | -1.94% | 6.56% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | -9.08% |
Correlation
The correlation between QQQS and DBE is -0.32, 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 | -0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2022 | -0.02 |
Over the past year, the inverse relationship between QQQS and DBE has strengthened: their correlation has moved from -0.02 to -0.32, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
QQQS vs. DBE — Risk / Return Rank
QQQS
DBE
QQQS vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Future Gen 200 ETF (QQQS) 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.
| QQQS | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.40 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.90 | 5.89 | +0.01 |
| Martin ratioReturn relative to average drawdown | 19.70 | 11.53 | +8.17 |
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
| QQQS | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.00 | 2.43 | +0.57 |
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 | 0.63 | 0.09 | +0.53 |
Drawdowns
QQQS vs. DBE - Drawdown Comparison
The maximum QQQS drawdown since its inception was -38.06%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for QQQS and DBE.
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Drawdown Indicators
| QQQS | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.06% | -86.69% | +48.63% |
Max Drawdown (1Y)Largest decline over 1 year | -13.63% | -14.41% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -34.32% | -23.89% | -10.43% |
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 | -2.55% | -30.27% | +27.72% |
Average DrawdownAverage peak-to-trough decline | -13.26% | -57.31% | +44.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.07% | 7.35% | -3.28% |
Volatility
QQQS vs. DBE - Volatility Comparison
The current volatility for Invesco NASDAQ Future Gen 200 ETF (QQQS) is 7.39%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that QQQS 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
| QQQS | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.39% | 12.95% | -5.56% |
Volatility (6M)Calculated over the trailing 6-month period | 18.49% | 30.86% | -12.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.90% | 34.97% | -8.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.34% | 29.39% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.34% | 28.33% | +0.01% |
QQQS vs. DBE - Expense Ratio Comparison
QQQS has a 0.20% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
QQQS vs. DBE - Dividend Comparison
QQQS's dividend yield for the trailing twelve months is around 2.73%, 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% |
QQQS Invesco NASDAQ Future Gen 200 ETF | 2.73% | 3.48% | 0.80% | 0.68% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQQS and DBE have a correlation of -0.32, 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 QQQS (7.39%). In terms of maximum drawdown, QQQS dropped -38.06% vs DBE's -86.69%.
On 3-year performance, DBE leads with 23.42% vs 15.89% for QQQS. On fees, QQQS is cheaper at 0.20% per year. On volatility, QQQS has been the lower-risk option at 7.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DBE has performed better with a 23.42% return vs 15.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQS is cheaper with a 0.20% expense ratio, compared with 0.78% for DBE.
QQQS has the higher dividend yield at 2.73%, compared with 2.10% for DBE.
QQQS is categorized as Small Cap Blend Equities, while DBE is Oil & Gas. QQQS tracks Nasdaq Innovators Completion Cap Total Return Index, while DBE tracks DBIQ Optimum Yield Energy Index. Their fees differ too: 0.20% for QQQS and 0.78% for DBE.
QQQS currently has the higher Sharpe Ratio (3.00 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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