SHOC vs. DBE
SHOC (Strive U.S. Semiconductor ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - SHOC is a Semiconductors fund tracking the Bloomberg US Listed Semiconductors Select Index - Benchmark TR Gross, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 3 years, SHOC returned 53.55%/yr vs 23.42%/yr for DBE. At a 0.03 correlation, their price movements are largely independent. SHOC charges 0.40%/yr vs 0.78%/yr for DBE.
Performance
SHOC vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, SHOC achieves a 73.38% return, which is significantly lower than DBE's 83.68% return.
SHOC
- 1D
- 0.94%
- 1M
- 25.12%
- YTD
- 73.38%
- 6M
- 70.44%
- 1Y
- 149.45%
- 3Y*
- 53.55%
- 5Y*
- —
- 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%
SHOC vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SHOC Strive U.S. Semiconductor ETF | 73.38% | 49.91% | 16.74% | 61.97% | -1.17% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | -9.05% |
Correlation
The correlation between SHOC and DBE is -0.24, 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 | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2022 | 0.03 |
The correlation between SHOC and DBE shifts across timeframes, from -0.24 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SHOC vs. DBE — Risk / Return Rank
SHOC
DBE
SHOC vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Semiconductor ETF (SHOC) 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.
| SHOC | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.40 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 10.30 | 5.89 | +4.41 |
| Martin ratioReturn relative to average drawdown | 38.30 | 11.53 | +26.77 |
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
| SHOC | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.78 | 2.43 | +2.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.55 | 0.09 | +1.46 |
Drawdowns
SHOC vs. DBE - Drawdown Comparison
The maximum SHOC drawdown since its inception was -37.54%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for SHOC and DBE.
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Drawdown Indicators
| SHOC | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.54% | -86.69% | +49.15% |
Max Drawdown (1Y)Largest decline over 1 year | -14.59% | -14.41% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -37.54% | -23.89% | -13.65% |
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 | 0.00% | -30.27% | +30.27% |
Average DrawdownAverage peak-to-trough decline | -7.47% | -57.31% | +49.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 7.35% | -3.43% |
Volatility
SHOC vs. DBE - Volatility Comparison
The current volatility for Strive U.S. Semiconductor ETF (SHOC) is 11.47%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that SHOC 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
| SHOC | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.47% | 12.95% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 24.61% | 30.86% | -6.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.53% | 34.97% | -3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.16% | 29.39% | +5.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.16% | 28.33% | +6.83% |
SHOC vs. DBE - Expense Ratio Comparison
SHOC has a 0.40% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
SHOC vs. DBE - Dividend Comparison
SHOC's dividend yield for the trailing twelve months is around 0.14%, 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% |
SHOC Strive U.S. Semiconductor ETF | 0.14% | 0.23% | 0.35% | 0.65% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SHOC and DBE have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (12.95%) compared to SHOC (11.47%). In terms of maximum drawdown, SHOC dropped -37.54% vs DBE's -86.69%.
On 3-year performance, SHOC leads with 53.55% vs 23.42% for DBE. On fees, SHOC is cheaper at 0.40% per year. On volatility, SHOC has been the lower-risk option at 11.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SHOC has performed better with a 53.55% return vs 23.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHOC is cheaper with a 0.40% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.10%, compared with 0.14% for SHOC.
SHOC is categorized as Semiconductors, while DBE is Oil & Gas. SHOC tracks Bloomberg US Listed Semiconductors Select Index - Benchmark TR Gross, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Strive and Invesco. Their fees differ too: 0.40% for SHOC and 0.78% for DBE.
SHOC currently has the higher Sharpe Ratio (4.78 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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