SIXD vs. DBO

Last updated Jun 3, 2026

SIXD (AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - SIXD is a Defined Outcome fund actively managed by Allianz, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. SIXD is actively managed, while DBO is passively managed. At a correlation of -0.41, they often move in opposite directions. SIXD charges 0.74%/yr vs 0.78%/yr for DBO.

Performance

SIXD vs. DBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF (SIXD) 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, SIXD achieves a 7.20% return, which is significantly lower than DBO's 84.75% return.

SIXD

• 1D: 0.06%
• 1M: 2.71%
• YTD: 7.20%
• 6M: —
• 1Y: —
• 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)

SIXD vs. DBO - Yearly Performance Comparison

	2026 (YTD)	2025
SIXD AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF	7.20%	-0.18%
DBO Invesco DB Oil Fund	84.75%	-0.81%

Correlation

The correlation between SIXD and DBO is -0.41, 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 (All Time) Calculated using the full available price history since Dec 23, 2025	-0.41

SIXD vs. DBO - Sectors Allocation Comparison

Sectors	SIXD	DBO
Technology	36.2%	-
Financial Services	11.9%	116.0%
Communication Services	10.9%	-
Consumer Cyclical	10.1%	-
Healthcare	8.4%	-
Industrials	8.1%	-
Consumer Defensive	4.9%	-
Energy	3.5%	-
Utilities	2.3%	-
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

SIXD vs. DBO — Risk / Return Rank

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

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.

SIXD vs. DBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF (SIXD) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SIXD	DBO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.34	—
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	2.29	0.02	+2.26

Drawdowns

SIXD vs. DBO - Drawdown Comparison

The maximum SIXD drawdown since its inception was -4.69%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for SIXD and DBO.

Drawdown Indicators

	SIXD	DBO	Difference
Max Drawdown Largest peak-to-trough decline	-4.69%	-90.18%	+85.49%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.19%	—
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	0.00%	-51.38%	+51.38%
Average Drawdown Average peak-to-trough decline	-0.79%	-62.25%	+61.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.92%	—

Volatility

Volatility by Period

	SIXD	DBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.38%	34.46%	-27.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.38%	32.29%	-24.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.38%	31.78%	-24.40%

SIXD vs. DBO - Expense Ratio Comparison

SIXD has a 0.74% expense ratio, which is lower than DBO's 0.78% expense ratio.

Dividends

SIXD vs. DBO - Dividend Comparison

SIXD has not paid dividends to shareholders, while DBO's dividend yield for the trailing twelve months is around 1.90%.

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%
SIXD AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SIXD and DBO in my portfolio?

SIXD and DBO have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SIXD or DBO?

On fees, SIXD is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SIXD or DBO?

SIXD is cheaper with a 0.74% expense ratio, compared with 0.78% for DBO.

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

DBO has the higher dividend yield at 1.90%, compared with 0.00% for SIXD.

What is the main difference between SIXD and DBO?

SIXD is categorized as Defined Outcome, while DBO is Oil & Gas. They also come from different issuers: Allianz and Invesco. Their fees differ too: 0.74% for SIXD and 0.78% for DBO.