RUNN vs. DBE
RUNN (Running Oak Efficient Growth ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - RUNN is a Mid Cap Blend Equities fund actively managed by Running Oak Capital, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. RUNN is actively managed, while DBE is passively managed. Over the past year, RUNN returned -0.93% vs 81.31% for DBE. At a correlation of -0.09, they often move in opposite directions. RUNN charges 0.58%/yr vs 0.78%/yr for DBE.
Performance
RUNN vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, RUNN achieves a -2.05% return, which is significantly lower than DBE's 79.04% return.
RUNN
- 1D
- 0.98%
- 1M
- -0.71%
- YTD
- -2.05%
- 6M
- -2.63%
- 1Y
- -0.93%
- 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%
RUNN vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RUNN Running Oak Efficient Growth ETF | -2.05% | 2.30% | 17.16% | 12.05% |
DBE Invesco DB Energy Fund | 79.04% | -2.17% | 2.96% | 2.03% |
Correlation
The correlation between RUNN and DBE is -0.25, 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 | -0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2023 | -0.09 |
The correlation between RUNN and DBE shifts across timeframes, from -0.25 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RUNN vs. DBE — Risk / Return Rank
RUNN
DBE
RUNN vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Running Oak Efficient Growth ETF (RUNN) 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.
| RUNN | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -2.88 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.39 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 5.67 | -5.76 |
| Martin ratioReturn relative to average drawdown | -0.21 | 11.08 | -11.29 |
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
| RUNN | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | 2.33 | -2.40 |
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 | 0.70 | 0.09 | +0.61 |
Drawdowns
RUNN vs. DBE - Drawdown Comparison
The maximum RUNN drawdown since its inception was -16.83%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for RUNN and DBE.
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Drawdown Indicators
| RUNN | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.83% | -86.69% | +69.86% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -14.41% | +4.07% |
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 | -6.99% | -32.03% | +25.04% |
Average DrawdownAverage peak-to-trough decline | -3.54% | -57.30% | +53.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 7.37% | -3.01% |
Volatility
RUNN vs. DBE - Volatility Comparison
The current volatility for Running Oak Efficient Growth ETF (RUNN) is 3.69%, while Invesco DB Energy Fund (DBE) has a volatility of 13.05%. This indicates that RUNN experiences smaller price fluctuations and is considered to be less risky 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
| RUNN | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 13.05% | -9.36% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 30.97% | -21.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.87% | 35.07% | -22.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.81% | 29.41% | -15.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.81% | 28.34% | -14.53% |
RUNN vs. DBE - Expense Ratio Comparison
RUNN has a 0.58% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
RUNN vs. DBE - Dividend Comparison
RUNN's dividend yield for the trailing twelve months is around 0.57%, less than DBE's 2.16% yield.
| 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% |
RUNN Running Oak Efficient Growth ETF | 0.57% | 0.55% | 0.39% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RUNN and DBE have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (13.05%) compared to RUNN (3.69%). In terms of maximum drawdown, RUNN dropped -16.83% vs DBE's -86.69%.
On 1-year performance, DBE leads with 81.31% vs -0.93% for RUNN. On fees, RUNN is cheaper at 0.58% per year. On volatility, RUNN has been the lower-risk option at 3.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBE has performed better with a 81.31% return vs -0.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RUNN is cheaper with a 0.58% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.16%, compared with 0.57% for RUNN.
RUNN is categorized as Mid Cap Blend Equities, while DBE is Oil & Gas. They also come from different issuers: Running Oak Capital and Invesco. Their fees differ too: 0.58% for RUNN and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.33 vs -0.07), 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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