QQQY vs. DBE
QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - QQQY is a Nasdaq-100 fund actively managed by Defiance, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. QQQY is actively managed, while DBE is passively managed. Over the past year, QQQY returned 36.38% vs 84.41% for DBE. At a correlation of -0.10, they often move in opposite directions. QQQY charges 0.99%/yr vs 0.78%/yr for DBE.
Performance
QQQY vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, QQQY achieves a 19.07% return, which is significantly lower than DBE's 83.68% return.
QQQY
- 1D
- -0.36%
- 1M
- 9.64%
- YTD
- 19.07%
- 6M
- 19.11%
- 1Y
- 36.38%
- 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%
QQQY vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 19.07% | 14.96% | 7.70% | 7.22% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -17.87% |
Correlation
The correlation between QQQY and DBE is -0.34, 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 | -0.34 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.10 |
Over the past year, the inverse relationship between QQQY and DBE has strengthened: their correlation has moved from -0.10 to -0.34, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
QQQY vs. DBE — Risk / Return Rank
QQQY
DBE
QQQY vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) 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.
| QQQY | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.40 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 5.89 | -2.61 |
| Martin ratioReturn relative to average drawdown | 13.95 | 11.53 | +2.42 |
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
| QQQY | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | 2.43 | +0.25 |
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 | 1.25 | 0.09 | +1.16 |
Drawdowns
QQQY vs. DBE - Drawdown Comparison
The maximum QQQY drawdown since its inception was -19.05%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for QQQY and DBE.
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Drawdown Indicators
| QQQY | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.05% | -86.69% | +67.64% |
Max Drawdown (1Y)Largest decline over 1 year | -11.14% | -14.41% | +3.27% |
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 | -0.36% | -30.27% | +29.91% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -57.31% | +54.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 7.35% | -4.74% |
Volatility
QQQY vs. DBE - Volatility Comparison
The current volatility for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) is 4.21%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that QQQY 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
| QQQY | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 12.95% | -8.74% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 30.86% | -19.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.67% | 34.97% | -21.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.75% | 29.39% | -14.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.75% | 28.33% | -13.58% |
QQQY vs. DBE - Expense Ratio Comparison
QQQY has a 0.99% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
QQQY vs. DBE - Dividend Comparison
QQQY's dividend yield for the trailing twelve months is around 34.34%, 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% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 34.34% | 45.34% | 83.34% | 20.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQQY and DBE have a correlation of -0.34, 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 QQQY (4.21%). In terms of maximum drawdown, QQQY dropped -19.05% vs DBE's -86.69%.
On 1-year performance, DBE leads with 84.41% vs 36.38% for QQQY. On fees, DBE is cheaper at 0.78% per year. On volatility, QQQY has been the lower-risk option at 4.21%. 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 36.38%. 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 0.99% for QQQY.
QQQY has the higher dividend yield at 34.34%, compared with 2.10% for DBE.
QQQY is categorized as Nasdaq-100, while DBE is Oil & Gas. They also come from different issuers: Defiance and Invesco. Their fees differ too: 0.99% for QQQY and 0.78% for DBE.
QQQY currently has the higher Sharpe Ratio (2.68 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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