SBIL vs. DBE

Last updated Jul 17, 2026

SBIL (Simplify Government Money Market ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - SBIL is a Money Market fund actively managed by Simplify, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. SBIL is actively managed, while DBE is passively managed. Over the past year, SBIL returned 3.82% vs 57.64% for DBE. At a correlation of -0.06, they often move in opposite directions. SBIL charges 0.15%/yr vs 0.78%/yr for DBE.

Performance

SBIL vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Government Money Market ETF (SBIL) 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, SBIL achieves a 1.91% return, which is significantly lower than DBE's 68.39% return.

SBIL

• 1D: 0.00%
• 1M: 0.28%
• 6M: 1.76%
• YTD: 1.91%
• 1Y: 3.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBE

• 1D: -1.09%
• 1M: 6.25%
• 6M: 65.69%
• YTD: 68.39%
• 1Y: 57.64%
• 3Y*: 17.96%
• 5Y*: 17.10%
• 10Y*: 11.45%

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

SBIL vs. DBE - Yearly Performance Comparison

	2026 (YTD)	2025
SBIL Simplify Government Money Market ETF	1.91%	1.88%
DBE Invesco DB Energy Fund	68.39%	-6.60%

Correlation

The correlation between SBIL and DBE is -0.06, 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	-0.06
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	-0.06

Return for Risk

SBIL vs. DBE — Risk / Return Rank

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

SBIL

SBIL Risk / Return Rank: 100
SBIL Sharpe Ratio Rank: 100
SBIL Sortino Ratio Rank: 100
SBIL Omega Ratio Rank: 100
SBIL Calmar Ratio Rank: 100
SBIL Martin Ratio Rank: 100

DBE

DBE Risk / Return Rank: 57
DBE Sharpe Ratio Rank: 60
DBE Sortino Ratio Rank: 57
DBE Omega Ratio Rank: 55
DBE Calmar Ratio Rank: 58
DBE Martin Ratio Rank: 52

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.

SBIL vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Government Money Market ETF (SBIL) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SBIL	DBE	Difference
Sharpe ratio: Return per unit of total volatility	14.52	1.61	+12.91
Sortino ratio: Return per unit of downside risk	52.25	2.21	+50.04
Omega ratio: Gain probability vs. loss probability	11.71	1.28	+10.43
Calmar ratio: Return relative to maximum drawdown	128.05	2.34	+125.71
Martin ratio: Return relative to average drawdown	782.04	7.00	+775.04

SBIL vs. DBE - Sharpe Ratio Comparison

The current SBIL Sharpe Ratio is 14.52, which is higher than the DBE Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of SBIL 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.

Drawdowns

SBIL vs. DBE - Drawdown Comparison

The maximum SBIL drawdown since its inception was -0.03%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for SBIL and DBE.

Drawdown Indicators

	SBIL	DBE	Difference
Max Drawdown Largest peak-to-trough decline	-0.03%	-86.69%	+86.66%
Max Drawdown (1Y) Largest decline over 1 year	-0.03%	-24.72%	+24.69%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.72%	—
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	0.00%	-36.07%	+36.07%
Average Drawdown Average peak-to-trough decline	-0.00%	-57.19%	+57.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	8.26%	-8.26%

Volatility

SBIL vs. DBE - Volatility Comparison

The current volatility for Simplify Government Money Market ETF (SBIL) is 0.04%, while Invesco DB Energy Fund (DBE) has a volatility of 11.68%. This indicates that SBIL 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.

Volatility by Period

	SBIL	DBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.04%	11.68%	-11.64%
Volatility (6M) Calculated over the trailing 6-month period	0.18%	32.70%	-32.52%
Volatility (1Y) Calculated over the trailing 1-year period	0.26%	35.99%	-35.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.26%	29.88%	-29.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.26%	28.39%	-28.13%

SBIL vs. DBE - Expense Ratio Comparison

SBIL has a 0.15% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

SBIL vs. DBE - Dividend Comparison

SBIL's dividend yield for the trailing twelve months is around 3.55%, more than DBE's 2.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBE Invesco DB Energy Fund	2.29%	3.86%	6.32%	3.87%	0.75%	0.00%	0.00%	1.79%	1.67%
SBIL Simplify Government Money Market ETF	3.55%	1.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SBIL and DBE in my portfolio?

SBIL and DBE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SBIL or DBE?

DBE has higher volatility (11.68%) compared to SBIL (0.04%). In terms of maximum drawdown, SBIL dropped -0.03% vs DBE's -86.69%.

Which ETF is better, SBIL or DBE?

On 1-year performance, DBE leads with 57.64% vs 3.82% for SBIL. On fees, SBIL is cheaper at 0.15% per year. On volatility, SBIL has been the lower-risk option at 0.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SBIL or DBE?

Over the 1-year period, DBE has performed better with a 57.64% return vs 3.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SBIL or DBE?

SBIL is cheaper with a 0.15% expense ratio, compared with 0.78% for DBE.

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

SBIL has the higher dividend yield at 3.55%, compared with 2.29% for DBE.

What is the main difference between SBIL and DBE?

SBIL is categorized as Money Market, while DBE is Oil & Gas. They also come from different issuers: Simplify and Invesco. Their fees differ too: 0.15% for SBIL and 0.78% for DBE.

Which has better risk-adjusted returns?

SBIL currently has the higher Sharpe Ratio (14.52 vs 1.61), 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.