ROKT vs. DBE
ROKT (SPDR S&P Kensho Final Frontiers ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - ROKT is a Industrials Equities fund tracking the S&P Kensho Final Frontiers Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, ROKT returned 24.68%/yr vs 19.66%/yr for DBE. At a 0.20 correlation, their price movements are largely independent. ROKT charges 0.45%/yr vs 0.78%/yr for DBE.
Performance
ROKT vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, ROKT achieves a 46.55% return, which is significantly lower than DBE's 83.68% return.
ROKT
- 1D
- -3.71%
- 1M
- 12.62%
- YTD
- 46.55%
- 6M
- 60.20%
- 1Y
- 111.37%
- 3Y*
- 44.75%
- 5Y*
- 24.68%
- 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%
ROKT vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ROKT SPDR S&P Kensho Final Frontiers ETF | 46.55% | 50.56% | 27.89% | 14.41% | -0.81% | 4.63% | 7.99% | 40.90% | -13.20% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -24.94% |
Correlation
The correlation between ROKT and DBE is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2018 | 0.20 |
The correlation between ROKT and DBE shifts across timeframes, from -0.14 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ROKT vs. DBE — Risk / Return Rank
ROKT
DBE
ROKT vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Final Frontiers ETF (ROKT) 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.
| ROKT | DBE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.88 | 2.43 | +1.45 |
Sortino ratioReturn per unit of downside risk | 4.47 | 2.96 | +1.52 |
Omega ratioGain probability vs. loss probability | 1.57 | 1.40 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 9.82 | 5.89 | +3.93 |
Martin ratioReturn relative to average drawdown | 35.81 | 11.53 | +24.28 |
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
| ROKT | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.88 | 2.43 | +1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 0.67 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.09 | +0.77 |
Drawdowns
ROKT vs. DBE - Drawdown Comparison
The maximum ROKT drawdown since its inception was -43.16%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for ROKT and DBE.
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Drawdown Indicators
| ROKT | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.16% | -86.69% | +43.53% |
Max Drawdown (1Y)Largest decline over 1 year | -11.40% | -14.41% | +3.01% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -23.89% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | -38.74% | +15.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -8.82% | -30.27% | +21.45% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -57.31% | +50.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 7.35% | -4.23% |
Volatility
ROKT vs. DBE - Volatility Comparison
SPDR S&P Kensho Final Frontiers ETF (ROKT) and Invesco DB Energy Fund (DBE) have volatilities of 13.10% and 12.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ROKT | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.10% | 12.95% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 24.98% | 30.86% | -5.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.89% | 34.97% | -6.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.78% | 29.39% | -6.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.14% | 28.33% | -3.19% |
ROKT vs. DBE - Expense Ratio Comparison
ROKT has a 0.45% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
ROKT vs. DBE - Dividend Comparison
ROKT's dividend yield for the trailing twelve months is around 0.27%, less 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% |
ROKT SPDR S&P Kensho Final Frontiers ETF | 0.27% | 0.41% | 0.57% | 0.62% | 0.54% | 1.79% | 0.48% | 0.74% | 0.16% |
Frequently Asked Questions
ROKT and DBE have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ROKT has higher volatility (13.10%) compared to DBE (12.95%). In terms of maximum drawdown, ROKT dropped -43.16% vs DBE's -86.69%.
On 5-year performance, ROKT leads with 24.68% vs 19.66% for DBE. On fees, ROKT is cheaper at 0.45% per year. On volatility, DBE has been the lower-risk option at 12.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ROKT has performed better with a 24.68% return vs 19.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ROKT is cheaper with a 0.45% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.10%, compared with 0.27% for ROKT.
ROKT is categorized as Industrials Equities, while DBE is Oil & Gas. ROKT tracks S&P Kensho Final Frontiers Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.45% for ROKT and 0.78% for DBE.
ROKT currently has the higher Sharpe Ratio (3.88 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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