QTUM vs. DBE
QTUM (Defiance Quantum ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, QTUM returned 26.76%/yr vs 18.57%/yr for DBE. At a 0.16 correlation, their price movements are largely independent. QTUM charges 0.40%/yr vs 0.78%/yr for DBE.
Performance
QTUM vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, QTUM achieves a 39.60% return, which is significantly lower than DBE's 75.49% return.
QTUM
- 1D
- -8.23%
- 1M
- 6.35%
- YTD
- 39.60%
- 6M
- 35.74%
- 1Y
- 78.64%
- 3Y*
- 47.30%
- 5Y*
- 26.76%
- 10Y*
- —
DBE
- 1D
- -1.98%
- 1M
- -1.03%
- YTD
- 75.49%
- 6M
- 64.58%
- 1Y
- 76.30%
- 3Y*
- 21.68%
- 5Y*
- 18.57%
- 10Y*
- 11.19%
QTUM vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QTUM Defiance Quantum ETF | 39.60% | 36.65% | 50.54% | 39.86% | -28.80% | 35.18% | 42.05% | 47.99% | -19.02% |
DBE Invesco DB Energy Fund | 75.49% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -25.56% |
Correlation
The correlation between QTUM and DBE is -0.23, 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 | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2018 | 0.16 |
The correlation between QTUM and DBE shifts across timeframes, from -0.23 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QTUM vs. DBE — Risk / Return Rank
QTUM
DBE
QTUM vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Quantum ETF (QTUM) 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.
| QTUM | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.37 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.18 | 5.32 | -0.14 |
| Martin ratioReturn relative to average drawdown | 19.32 | 10.35 | +8.97 |
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
| QTUM | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.87 | 2.18 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.63 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.09 | +0.93 |
Drawdowns
QTUM vs. DBE - Drawdown Comparison
The maximum QTUM drawdown since its inception was -38.45%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for QTUM and DBE.
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Drawdown Indicators
| QTUM | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.45% | -86.69% | +48.24% |
Max Drawdown (1Y)Largest decline over 1 year | -15.26% | -14.41% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -25.39% | -23.89% | -1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -38.45% | -38.74% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -9.47% | -33.38% | +23.91% |
Average DrawdownAverage peak-to-trough decline | -8.25% | -57.30% | +49.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 7.39% | -3.31% |
Volatility
QTUM vs. DBE - Volatility Comparison
Defiance Quantum ETF (QTUM) has a higher volatility of 13.29% compared to Invesco DB Energy Fund (DBE) at 11.07%. This indicates that QTUM's price experiences larger fluctuations and is considered to be riskier 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
| QTUM | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.29% | 11.07% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 22.13% | 31.06% | -8.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.61% | 35.12% | -7.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.81% | 29.41% | -2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.32% | 28.34% | -1.02% |
QTUM vs. DBE - Expense Ratio Comparison
QTUM has a 0.40% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
QTUM vs. DBE - Dividend Comparison
QTUM's dividend yield for the trailing twelve months is around 0.77%, less than DBE's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.20% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
QTUM Defiance Quantum ETF | 0.77% | 1.01% | 0.61% | 0.81% | 1.46% | 0.48% | 0.42% | 0.61% | 0.21% |
Frequently Asked Questions
QTUM and DBE have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QTUM has higher volatility (13.29%) compared to DBE (11.07%). In terms of maximum drawdown, QTUM dropped -38.45% vs DBE's -86.69%.
On 5-year performance, QTUM leads with 26.76% vs 18.57% for DBE. On fees, QTUM is cheaper at 0.40% per year. On volatility, DBE has been the lower-risk option at 11.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QTUM has performed better with a 26.76% return vs 18.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QTUM is cheaper with a 0.40% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.20%, compared with 0.77% for QTUM.
QTUM is categorized as Technology Equities, while DBE is Oil & Gas. QTUM tracks BlueStar Machine Learning and Quantum Computing Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Defiance and Invesco. Their fees differ too: 0.40% for QTUM and 0.78% for DBE.
QTUM currently has the higher Sharpe Ratio (2.87 vs 2.18), 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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