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RETL vs. DBE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RETL vs. DBE

Last updated Jun 3, 2026

RETL (Direxion Daily Retail Bull 3X Shares) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - RETL is a Leveraged Equities fund tracking the Russell 1000 Retail Index (300%), while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, RETL returned -5.53%/yr vs 11.78%/yr for DBE. At a 0.17 correlation, their price movements are largely independent. RETL charges 0.99%/yr vs 0.78%/yr for DBE.

Performance

RETL vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Retail Bull 3X Shares (RETL) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RETL achieves a -12.88% return, which is significantly lower than DBE's 79.50% return. Over the past 10 years, RETL has underperformed DBE with an annualized return of -5.53%, while DBE has yielded a comparatively higher 11.78% annualized return.

RETL

1D
1.39%
1M
-8.46%
YTD
-12.88%
6M
-10.06%
1Y
8.48%
3Y*
12.96%
5Y*
-28.26%
10Y*
-5.53%

DBE

1D
0.80%
1M
-3.65%
YTD
79.50%
6M
72.59%
1Y
82.31%
3Y*
22.48%
5Y*
19.20%
10Y*
11.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RETL vs. DBE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RETL
Direxion Daily Retail Bull 3X Shares		-12.88%-5.98%9.59%33.62%-80.80%101.03%63.63%23.41%-35.21%-1.31%
DBE
Invesco DB Energy Fund		79.50%-2.17%2.96%-12.14%33.77%57.56%-25.91%19.72%-12.95%5.21%

Correlation

The correlation between RETL and DBE is -0.28, 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

-0.28

Correlation (3Y)
Calculated over the trailing 3-year period

-0.05

Correlation (5Y)
Calculated over the trailing 5-year period

0.07

Correlation (10Y)
Calculated over the trailing 10-year period

0.16

Correlation (All Time)
Calculated using the full available price history since Jul 15, 2010

0.17

The correlation between RETL and DBE shifts across timeframes, from -0.28 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Direxion Daily Retail Bull 3X Shares

Invesco DB Energy Fund

Often compared with RETL:
RETL vs. RTHRETL vs. CURERETL vs. SOXLRETL vs. PSIRETL vs. TECLRETL vs. TQQQRETL vs. FAS
Often compared with DBE:
DBE vs. DBBDBE vs. XLEDBE vs. VDEDBE vs. COMTDBE vs. XLKDBE vs. GLDDBE vs. TIP

Return for Risk

RETL vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RETL
RETL Risk / Return Rank: 1212
Overall Rank
RETL Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
RETL Sortino Ratio Rank: 1414
Sortino Ratio Rank
RETL Omega Ratio Rank: 1313
Omega Ratio Rank
RETL Calmar Ratio Rank: 1111
Calmar Ratio Rank
RETL Martin Ratio Rank: 1111
Martin Ratio Rank
DBE
DBE Risk / Return Rank: 7171
Overall Rank
DBE Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
DBE Sortino Ratio Rank: 6161
Sortino Ratio Rank
DBE Omega Ratio Rank: 6464
Omega Ratio Rank
DBE Calmar Ratio Rank: 9292
Calmar Ratio Rank
DBE Martin Ratio Rank: 6565
Martin Ratio Rank
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.

RETL vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Retail Bull 3X Shares (RETL) 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.

RETLDBEDifference

Sharpe ratio

Return per unit of total volatility

0.14

2.37

-2.23

Sortino ratio

Return per unit of downside risk

0.65

2.91

-2.25

Omega ratio

Gain probability vs. loss probability

1.07

1.39

-0.32

Calmar ratio

Return relative to maximum drawdown

0.26

6.10

-5.84

Martin ratio

Return relative to average drawdown

0.55

11.98

-11.43

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RETL vs. DBE - Sharpe Ratio Comparison

The current RETL Sharpe Ratio is 0.14, which is lower than the DBE Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of RETL 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.

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Sharpe Ratios by Period

RETLDBEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.14

2.37

-2.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.36

0.66

-1.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.07

0.42

-0.49

Sharpe Ratio (All Time)

Calculated using the full available price history

0.20

0.09

+0.11

Drawdowns

RETL vs. DBE - Drawdown Comparison

The maximum RETL drawdown since its inception was -92.00%, which is greater than DBE's maximum drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for RETL and DBE.

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Drawdown Indicators

RETLDBEDifference

Max Drawdown

Largest peak-to-trough decline

-92.00%

-86.69%

-5.31%

Max Drawdown (1Y)

Largest decline over 1 year

-38.08%

-14.41%

-23.67%

Max Drawdown (3Y)

Largest decline over 3 years

-62.72%

-23.89%

-38.83%

Max Drawdown (5Y)

Largest decline over 5 years

-92.00%

-38.74%

-53.26%

Max Drawdown (10Y)

Largest decline over 10 years

-92.00%

-60.84%

-31.16%

Current Drawdown

Current decline from peak

-85.04%

-31.85%

-53.19%

Average Drawdown

Average peak-to-trough decline

-37.54%

-57.31%

+19.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

18.11%

7.34%

+10.77%

Volatility

RETL vs. DBE - Volatility Comparison

Direxion Daily Retail Bull 3X Shares (RETL) has a higher volatility of 20.25% compared to Invesco DB Energy Fund (DBE) at 13.47%. This indicates that RETL'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

RETLDBEDifference

Volatility (1M)

Calculated over the trailing 1-month period

20.25%

13.47%

+6.78%

Volatility (6M)

Calculated over the trailing 6-month period

40.17%

30.80%

+9.37%

Volatility (1Y)

Calculated over the trailing 1-year period

60.15%

35.02%

+25.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

79.51%

29.37%

+50.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

79.76%

28.33%

+51.43%

RETL vs. DBE - Expense Ratio Comparison

RETL has a 0.99% expense ratio, which is higher than DBE's 0.78% expense ratio.

Dividends

RETL vs. DBE - Dividend Comparison

RETL's dividend yield for the trailing twelve months is around 0.59%, less than DBE's 2.15% yield.

PositionTTM2025202420232022202120202019201820172016
DBE
Invesco DB Energy Fund		2.15%3.86%6.32%3.87%0.75%0.00%0.00%1.79%1.67%0.00%0.00%
RETL
Direxion Daily Retail Bull 3X Shares		0.59%0.58%1.13%1.35%0.71%0.22%0.19%0.92%1.19%0.01%2.60%

Frequently Asked Questions

RETL and DBE have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RETL has higher volatility (20.25%) compared to DBE (13.47%). In terms of maximum drawdown, RETL dropped -92.00% vs DBE's -86.69%.

On 10-year performance, DBE leads with 11.78% vs -5.53% for RETL. On fees, DBE is cheaper at 0.78% per year. On volatility, DBE has been the lower-risk option at 13.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DBE has performed better with a 11.78% return vs -5.53%. 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 RETL.

DBE has the higher dividend yield at 2.15%, compared with 0.59% for RETL.

RETL is categorized as Leveraged Equities, while DBE is Oil & Gas. RETL tracks Russell 1000 Retail Index (300%), while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 0.99% for RETL and 0.78% for DBE.

DBE currently has the higher Sharpe Ratio (2.37 vs 0.14), 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.

Portfolio Optimizer

Find the right allocation for RETL and DBE

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