RIOX vs. DBE
RIOX (Defiance Daily Target 2X Long RIOT ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - RIOX is a Leveraged Equities fund actively managed by Defiance, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. RIOX is actively managed, while DBE is passively managed. Over the past year, RIOX returned 157.33% vs 76.30% for DBE. At a 0.04 correlation, their price movements are largely independent. RIOX charges 0.95%/yr vs 0.78%/yr for DBE.
Performance
RIOX vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, RIOX achieves a 135.89% return, which is significantly higher than DBE's 75.49% return.
RIOX
- 1D
- -20.99%
- 1M
- 1.77%
- YTD
- 135.89%
- 6M
- 52.58%
- 1Y
- 157.33%
- 3Y*
- —
- 5Y*
- —
- 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%
RIOX vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RIOX Defiance Daily Target 2X Long RIOT ETF | 135.89% | -60.36% |
DBE Invesco DB Energy Fund | 75.49% | -3.55% |
Correlation
The correlation between RIOX and DBE is -0.09, 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 | -0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2025 | 0.04 |
The correlation between RIOX and DBE shifts across timeframes, from -0.09 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RIOX vs. DBE — Risk / Return Rank
RIOX
DBE
RIOX vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long RIOT ETF (RIOX) 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.
| RIOX | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 5.32 | -3.45 |
| Martin ratioReturn relative to average drawdown | 3.12 | 10.35 | -7.24 |
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
| RIOX | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 2.18 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.63 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.09 | -0.11 |
Drawdowns
RIOX vs. DBE - Drawdown Comparison
The maximum RIOX drawdown since its inception was -84.40%, roughly equal to the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for RIOX and DBE.
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Drawdown Indicators
| RIOX | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.40% | -86.69% | +2.29% |
Max Drawdown (1Y)Largest decline over 1 year | -84.40% | -14.41% | -69.99% |
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 | -43.36% | -33.38% | -9.98% |
Average DrawdownAverage peak-to-trough decline | -52.49% | -57.30% | +4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.67% | 7.39% | +43.28% |
Volatility
RIOX vs. DBE - Volatility Comparison
Defiance Daily Target 2X Long RIOT ETF (RIOX) has a higher volatility of 37.03% compared to Invesco DB Energy Fund (DBE) at 11.07%. This indicates that RIOX'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
| RIOX | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 37.03% | 11.07% | +25.96% |
Volatility (6M)Calculated over the trailing 6-month period | 123.63% | 31.06% | +92.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 169.32% | 35.12% | +134.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 168.45% | 29.41% | +139.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 168.45% | 28.34% | +140.11% |
RIOX vs. DBE - Expense Ratio Comparison
RIOX has a 0.95% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
RIOX vs. DBE - Dividend Comparison
RIOX's dividend yield for the trailing twelve months is around 25.76%, more 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% |
RIOX Defiance Daily Target 2X Long RIOT ETF | 25.76% | 60.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RIOX and DBE have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIOX has higher volatility (37.03%) compared to DBE (11.07%). In terms of maximum drawdown, RIOX dropped -84.40% vs DBE's -86.69%.
On 1-year performance, RIOX leads with 157.33% vs 76.30% for DBE. On fees, DBE is cheaper at 0.78% 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 1-year period, RIOX has performed better with a 157.33% return vs 76.30%. 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 0.95% for RIOX.
RIOX has the higher dividend yield at 25.76%, compared with 2.20% for DBE.
RIOX is categorized as Leveraged Equities, while DBE is Oil & Gas. They also come from different issuers: Defiance and Invesco. Their fees differ too: 0.95% for RIOX and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.18 vs 0.94), 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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