SECR vs. DBO

Last updated Jun 4, 2026

SECR (NYLI MacKay Securitized Income ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - SECR is a Mortgage Backed Securities fund actively managed by NYLI, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. SECR is actively managed, while DBO is passively managed. Over the past year, SECR returned 5.25% vs 80.26% for DBO. At a correlation of -0.29, they often move in opposite directions. SECR charges 0.28%/yr vs 0.78%/yr for DBO.

Performance

SECR vs. DBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NYLI MacKay Securitized Income ETF (SECR) and Invesco DB Oil Fund (DBO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SECR achieves a 0.66% return, which is significantly lower than DBO's 84.75% return.

SECR

• 1D: -0.08%
• 1M: 0.28%
• YTD: 0.66%
• 6M: 0.58%
• 1Y: 5.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBO

• 1D: 2.27%
• 1M: -2.34%
• YTD: 84.75%
• 6M: 81.10%
• 1Y: 80.26%
• 3Y*: 21.86%
• 5Y*: 15.98%
• 10Y*: 11.37%

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

SECR vs. DBO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SECR NYLI MacKay Securitized Income ETF	0.66%	7.85%	4.71%
DBO Invesco DB Oil Fund	84.75%	-11.71%	-1.37%

Correlation

The correlation between SECR and DBO is -0.39, 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	-0.39
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024	-0.29

SECR vs. DBO - Sectors Allocation Comparison

Sectors	SECR	DBO
Financial Services	0.1%	116.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

SECR vs. DBO — Risk / Return Rank

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

SECR

SECR Risk / Return Rank: 37
SECR Sharpe Ratio Rank: 38
SECR Sortino Ratio Rank: 39
SECR Omega Ratio Rank: 37
SECR Calmar Ratio Rank: 37
SECR Martin Ratio Rank: 36

DBO

DBO Risk / Return Rank: 65
DBO Sharpe Ratio Rank: 70
DBO Sortino Ratio Rank: 62
DBO Omega Ratio Rank: 60
DBO Calmar Ratio Rank: 83
DBO 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.

SECR vs. DBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NYLI MacKay Securitized Income ETF (SECR) and Invesco DB Oil Fund (DBO). 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.

	SECR	DBO	Difference
Sharpe ratio Return per unit of total volatility	1.33	2.34	-1.01
Sortino ratio Return per unit of downside risk	1.97	2.94	-0.96
Omega ratio Gain probability vs. loss probability	1.24	1.38	-0.13
Calmar ratio Return relative to maximum drawdown	1.79	4.44	-2.64
Martin ratio Return relative to average drawdown	5.40	9.02	-3.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SECR vs. DBO - Sharpe Ratio Comparison

The current SECR Sharpe Ratio is 1.33, which is lower than the DBO Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of SECR and DBO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SECR	DBO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	2.34	-1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	0.02	+1.42

Drawdowns

SECR vs. DBO - Drawdown Comparison

The maximum SECR drawdown since its inception was -3.93%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for SECR and DBO.

Drawdown Indicators

	SECR	DBO	Difference
Max Drawdown Largest peak-to-trough decline	-3.93%	-90.18%	+86.25%
Max Drawdown (1Y) Largest decline over 1 year	-2.94%	-18.19%	+15.25%
Max Drawdown (3Y) Largest decline over 3 years	—	-28.20%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-61.69%	—
Current Drawdown Current decline from peak	-1.63%	-51.38%	+49.75%
Average Drawdown Average peak-to-trough decline	-1.08%	-62.25%	+61.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	8.92%	-7.95%

Volatility

SECR vs. DBO - Volatility Comparison

The current volatility for NYLI MacKay Securitized Income ETF (SECR) is 1.54%, while Invesco DB Oil Fund (DBO) has a volatility of 12.61%. This indicates that SECR experiences smaller price fluctuations and is considered to be less risky than DBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SECR	DBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.54%	12.61%	-11.07%
Volatility (6M) Calculated over the trailing 6-month period	2.87%	28.20%	-25.33%
Volatility (1Y) Calculated over the trailing 1-year period	3.96%	34.46%	-30.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.63%	32.29%	-27.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.63%	31.78%	-27.15%

SECR vs. DBO - Expense Ratio Comparison

SECR has a 0.28% expense ratio, which is lower than DBO's 0.78% expense ratio.

Dividends

SECR vs. DBO - Dividend Comparison

SECR's dividend yield for the trailing twelve months is around 6.28%, more than DBO's 1.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBO Invesco DB Oil Fund	1.90%	3.51%	4.68%	4.59%	0.66%	0.00%	0.00%	1.63%	1.58%
SECR NYLI MacKay Securitized Income ETF	6.28%	6.68%	3.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SECR and DBO in my portfolio?

SECR and DBO have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SECR or DBO?

DBO has higher volatility (12.61%) compared to SECR (1.54%). In terms of maximum drawdown, SECR dropped -3.93% vs DBO's -90.18%.

Which ETF is better, SECR or DBO?

On 1-year performance, DBO leads with 80.26% vs 5.25% for SECR. On fees, SECR is cheaper at 0.28% per year. On volatility, SECR has been the lower-risk option at 1.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SECR or DBO?

Over the 1-year period, DBO has performed better with a 80.26% return vs 5.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SECR or DBO?

SECR is cheaper with a 0.28% expense ratio, compared with 0.78% for DBO.

Which ETF pays a higher dividend yield, SECR or DBO?

SECR has the higher dividend yield at 6.28%, compared with 1.90% for DBO.

What is the main difference between SECR and DBO?

SECR is categorized as Mortgage Backed Securities, while DBO is Oil & Gas. They also come from different issuers: NYLI and Invesco. Their fees differ too: 0.28% for SECR and 0.78% for DBO.

Which has better risk-adjusted returns?

DBO currently has the higher Sharpe Ratio (2.34 vs 1.33), 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.