RDTL vs. DBE

Last updated Jun 5, 2026

RDTL (GraniteShares 2x Long RDDT Daily ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - RDTL is a Leveraged Equities fund actively managed by GraniteShares, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. RDTL is actively managed, while DBE is passively managed. Over the past year, RDTL returned 35.05% vs 81.31% for DBE. At a correlation of -0.05, they often move in opposite directions. RDTL charges 1.50%/yr vs 0.78%/yr for DBE.

Performance

RDTL vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long RDDT Daily ETF (RDTL) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDTL achieves a -50.79% return, which is significantly lower than DBE's 79.04% return.

RDTL

• 1D: 17.12%
• 1M: 9.34%
• YTD: -50.79%
• 6M: -48.63%
• 1Y: 35.05%
• 3Y*: —
• 5Y*: —
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RDTL vs. DBE - Yearly Performance Comparison

	2026 (YTD)	2025
RDTL GraniteShares 2x Long RDDT Daily ETF	-50.79%	98.12%
DBE Invesco DB Energy Fund	79.04%	-4.69%

Correlation

The correlation between RDTL and DBE is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Mar 26, 2025	-0.05

Return for Risk

RDTL vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RDTL

RDTL Risk / Return Rank: 18
RDTL Sharpe Ratio Rank: 13
RDTL Sortino Ratio Rank: 25
RDTL Omega Ratio Rank: 24
RDTL Calmar Ratio Rank: 14
RDTL Martin Ratio Rank: 12

DBE

DBE Risk / Return Rank: 71
DBE Sharpe Ratio Rank: 73
DBE Sortino Ratio Rank: 62
DBE Omega Ratio Rank: 65
DBE Calmar Ratio Rank: 91
DBE Martin Ratio Rank: 62

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.

RDTL vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long RDDT Daily ETF (RDTL) 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.

	RDTL	DBE	Difference
Sharpe ratio: Return per unit of total volatility	0.27	2.33	-2.06
Sortino ratio: Return per unit of downside risk	1.32	2.87	-1.55
Omega ratio: Gain probability vs. loss probability	1.16	1.39	-0.23
Calmar ratio: Return relative to maximum drawdown	0.41	5.67	-5.26
Martin ratio: Return relative to average drawdown	0.66	11.08	-10.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDTL vs. DBE - Sharpe Ratio Comparison

The current RDTL Sharpe Ratio is 0.27, which is lower than the DBE Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of RDTL 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.

Sharpe Ratios by Period

	RDTL	DBE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	2.33	-2.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.65	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.09	-0.10

Drawdowns

RDTL vs. DBE - Drawdown Comparison

The maximum RDTL drawdown since its inception was -85.21%, roughly equal to the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for RDTL and DBE.

Drawdown Indicators

	RDTL	DBE	Difference
Max Drawdown Largest peak-to-trough decline	-85.21%	-86.69%	+1.48%
Max Drawdown (1Y) Largest decline over 1 year	-85.21%	-14.41%	-70.80%
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 Drawdown Current decline from peak	-70.05%	-32.03%	-38.02%
Average Drawdown Average peak-to-trough decline	-43.89%	-57.30%	+13.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.12%	7.37%	+45.75%

Volatility

RDTL vs. DBE - Volatility Comparison

GraniteShares 2x Long RDDT Daily ETF (RDTL) has a higher volatility of 39.22% compared to Invesco DB Energy Fund (DBE) at 13.05%. This indicates that RDTL'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.

Volatility by Period

	RDTL	DBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.22%	13.05%	+26.17%
Volatility (6M) Calculated over the trailing 6-month period	90.31%	30.97%	+59.34%
Volatility (1Y) Calculated over the trailing 1-year period	130.66%	35.07%	+95.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	142.11%	29.41%	+112.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	142.11%	28.34%	+113.77%

RDTL vs. DBE - Expense Ratio Comparison

RDTL has a 1.50% expense ratio, which is higher than DBE's 0.78% expense ratio.

Dividends

RDTL vs. DBE - Dividend Comparison

RDTL has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.16%.

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%
RDTL GraniteShares 2x Long RDDT Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RDTL and DBE in my portfolio?

RDTL and DBE have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDTL or DBE?

RDTL has higher volatility (39.22%) compared to DBE (13.05%). In terms of maximum drawdown, RDTL dropped -85.21% vs DBE's -86.69%.

Which ETF is better, RDTL or DBE?

On 1-year performance, DBE leads with 81.31% vs 35.05% for RDTL. On fees, DBE is cheaper at 0.78% per year. On volatility, DBE has been the lower-risk option at 13.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDTL or DBE?

Over the 1-year period, DBE has performed better with a 81.31% return vs 35.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDTL or DBE?

DBE is cheaper with a 0.78% expense ratio, compared with 1.50% for RDTL.

Which ETF pays a higher dividend yield, RDTL or DBE?

DBE has the higher dividend yield at 2.16%, compared with 0.00% for RDTL.

What is the main difference between RDTL and DBE?

RDTL is categorized as Leveraged Equities, while DBE is Oil & Gas. They also come from different issuers: GraniteShares and Invesco. Their fees differ too: 1.50% for RDTL and 0.78% for DBE.

Which has better risk-adjusted returns?

DBE currently has the higher Sharpe Ratio (2.33 vs 0.27), 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.