SIXZ vs. DBE
SIXZ (AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - SIXZ is a Defined Outcome fund actively managed by Allianz, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. SIXZ is actively managed, while DBE is passively managed. Over the past year, SIXZ returned 12.65% vs 84.41% for DBE. At a correlation of -0.09, they often move in opposite directions. SIXZ charges 0.74%/yr vs 0.78%/yr for DBE.
Performance
SIXZ vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, SIXZ achieves a 6.18% return, which is significantly lower than DBE's 83.68% return.
SIXZ
- 1D
- -0.33%
- 1M
- 2.31%
- YTD
- 6.18%
- 6M
- 6.65%
- 1Y
- 12.65%
- 3Y*
- —
- 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%
SIXZ vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SIXZ AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF | 6.18% | 7.24% | 10.54% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | -2.14% |
Correlation
The correlation between SIXZ and DBE is -0.33, 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 | -0.33 |
Correlation (All Time) Calculated using the full available price history since May 2, 2024 | -0.09 |
Over the past year, the inverse relationship between SIXZ and DBE has strengthened: their correlation has moved from -0.09 to -0.33, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
SIXZ vs. DBE — Risk / Return Rank
SIXZ
DBE
SIXZ vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF (SIXZ) 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.
| SIXZ | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.40 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 5.89 | -3.04 |
| Martin ratioReturn relative to average drawdown | 12.82 | 11.53 | +1.29 |
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
| SIXZ | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 2.43 | -0.32 |
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 | 1.51 | 0.09 | +1.41 |
Drawdowns
SIXZ vs. DBE - Drawdown Comparison
The maximum SIXZ drawdown since its inception was -10.27%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for SIXZ and DBE.
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Drawdown Indicators
| SIXZ | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.27% | -86.69% | +76.42% |
Max Drawdown (1Y)Largest decline over 1 year | -4.45% | -14.41% | +9.96% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.89% | — |
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 | -0.33% | -30.27% | +29.94% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -57.31% | +56.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 7.35% | -6.36% |
Volatility
SIXZ vs. DBE - Volatility Comparison
The current volatility for AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF (SIXZ) is 1.15%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that SIXZ 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
| SIXZ | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 12.95% | -11.80% |
Volatility (6M)Calculated over the trailing 6-month period | 5.13% | 30.86% | -25.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.04% | 34.97% | -28.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.79% | 29.39% | -21.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.79% | 28.33% | -20.54% |
SIXZ vs. DBE - Expense Ratio Comparison
SIXZ has a 0.74% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
SIXZ vs. DBE - Dividend Comparison
SIXZ has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.10%.
| 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% |
SIXZ AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SIXZ and DBE have a correlation of -0.33, 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 SIXZ (1.15%). In terms of maximum drawdown, SIXZ dropped -10.27% vs DBE's -86.69%.
On 1-year performance, DBE leads with 84.41% vs 12.65% for SIXZ. On fees, SIXZ is cheaper at 0.74% per year. On volatility, SIXZ has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBE has performed better with a 84.41% return vs 12.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIXZ is cheaper with a 0.74% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.10%, compared with 0.00% for SIXZ.
SIXZ is categorized as Defined Outcome, while DBE is Oil & Gas. They also come from different issuers: Allianz and Invesco. Their fees differ too: 0.74% for SIXZ and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.43 vs 2.10), 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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