SIXS vs. DBE
SIXS (6 Meridian Small Cap Equity ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - SIXS is a Small Cap Blend Equities fund actively managed by Exchange Traded Concepts, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. SIXS is actively managed, while DBE is passively managed. Over the past 5 years, SIXS returned 7.01%/yr vs 17.10%/yr for DBE. At a 0.16 correlation, their price movements are largely independent. SIXS charges 1.00%/yr vs 0.78%/yr for DBE.
Performance
SIXS vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, SIXS achieves a 19.15% return, which is significantly lower than DBE's 68.39% return.
SIXS
- 1D
- 1.71%
- 1M
- 7.38%
- 6M
- 14.40%
- YTD
- 19.15%
- 1Y
- 27.95%
- 3Y*
- 13.65%
- 5Y*
- 7.01%
- 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%
SIXS vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SIXS 6 Meridian Small Cap Equity ETF | 19.15% | 4.59% | 5.85% | 14.92% | -18.52% | 40.74% | 44.24% |
DBE Invesco DB Energy Fund | 68.39% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | 35.33% |
Correlation
The correlation between SIXS 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 (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 11, 2020 | 0.16 |
The correlation between SIXS and DBE shifts across timeframes, from -0.25 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SIXS vs. DBE — Risk / Return Rank
SIXS
DBE
SIXS vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 6 Meridian Small Cap Equity ETF (SIXS) 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.
| SIXS | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.28 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 2.34 | +1.58 |
| Martin ratioReturn relative to average drawdown | 11.77 | 7.00 | +4.77 |
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Drawdowns
SIXS vs. DBE - Drawdown Comparison
The maximum SIXS drawdown since its inception was -27.68%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for SIXS and DBE.
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Drawdown Indicators
| SIXS | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.68% | -86.69% | +59.01% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -24.72% | +17.56% |
Max Drawdown (3Y)Largest decline over 3 years | -19.95% | -24.72% | +4.77% |
Max Drawdown (5Y)Largest decline over 5 years | -27.68% | -38.74% | +11.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | 0.00% | -36.07% | +36.07% |
Average DrawdownAverage peak-to-trough decline | -8.78% | -57.19% | +48.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 8.26% | -5.88% |
Volatility
SIXS vs. DBE - Volatility Comparison
The current volatility for 6 Meridian Small Cap Equity ETF (SIXS) is 4.02%, while Invesco DB Energy Fund (DBE) has a volatility of 11.68%. This indicates that SIXS 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
| SIXS | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 11.68% | -7.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.48% | 32.70% | -23.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.70% | 35.99% | -22.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 29.88% | -12.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 28.39% | -8.82% |
SIXS vs. DBE - Expense Ratio Comparison
SIXS has a 1.00% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
SIXS vs. DBE - Dividend Comparison
SIXS's dividend yield for the trailing twelve months is around 1.67%, less 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% |
SIXS 6 Meridian Small Cap Equity ETF | 1.67% | 1.62% | 1.09% | 1.60% | 1.37% | 0.94% | 0.45% | 0.00% | 0.00% |
Frequently Asked Questions
SIXS 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 (11.68%) compared to SIXS (4.02%). In terms of maximum drawdown, SIXS dropped -27.68% vs DBE's -86.69%.
On 5-year performance, DBE leads with 17.10% vs 7.01% for SIXS. On fees, DBE is cheaper at 0.78% per year. On volatility, SIXS has been the lower-risk option at 4.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBE has performed better with a 17.10% return vs 7.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 1.00% for SIXS.
DBE has the higher dividend yield at 2.29%, compared with 1.67% for SIXS.
SIXS is categorized as Small Cap Blend Equities, while DBE is Oil & Gas. They also come from different issuers: Exchange Traded Concepts and Invesco. Their fees differ too: 1.00% for SIXS and 0.78% for DBE.
SIXS currently has the higher Sharpe Ratio (2.05 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.
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