SRHQ vs. DBE
SRHQ (SRH U.S. Quality ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - SRHQ is a Quality Factor fund tracking the SRH US Quality 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, SRHQ returned 17.26%/yr vs 17.16%/yr for DBE. Their -0.01 correlation means they have often moved in opposite directions in the past. SRHQ charges 0.35%/yr vs 0.78%/yr for DBE.
Performance
SRHQ vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, SRHQ achieves a 20.78% return, which is significantly lower than DBE's 78.87% return.
SRHQ
- 1D
- -0.33%
- 1M
- 1.86%
- 6M
- 18.75%
- YTD
- 20.78%
- 1Y
- 31.30%
- 3Y*
- 17.26%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.88%
DBE
- 1D
- 1.13%
- 1M
- 21.13%
- 6M
- 53.89%
- YTD
- 78.87%
- 1Y
- 68.62%
- 3Y*
- 17.16%
- 5Y*
- 17.73%
- 10Y*
- 13.17%
- ALL TIME*
- 2.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.24M | $1.18M | $1.76M | |
| $113.47K | $63.13K | $30.03K |
SRHQ vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SRHQ SRH U.S. Quality ETF | 20.78% | 7.34% | 16.49% | 21.81% | 5.22% |
DBE Invesco DB Energy Fund | 78.87% | -2.17% | 2.96% | -12.14% | -5.24% |
Correlation
The correlation between SRHQ and DBE is -0.32, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.32 |
Correlation (3Y) Balances recent behavior with more history. | -0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2022 | -0.01 |
Over the past year, the inverse relationship between SRHQ and DBE has strengthened: their correlation has moved from -0.01 to -0.32, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
SRHQ vs. DBE — Risk / Return Rank
SRHQ
DBE
SRHQ vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SRH U.S. Quality ETF (SRHQ) 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.
| SRHQ | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.29 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.64 | 2.59 | +2.05 |
| Martin ratioReturn relative to average drawdown | 16.85 | 8.14 | +8.71 |
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Drawdowns
SRHQ vs. DBE - Drawdown Comparison
The maximum SRHQ drawdown since its inception was -18.50%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for SRHQ and DBE.
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Drawdown Indicators
| SRHQ | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.50% | -86.69% | +68.19% |
Max Drawdown (1Y)Largest decline over 1 year | -6.31% | -24.72% | +18.41% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -24.72% | +6.22% |
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 | -1.47% | -32.09% | +30.62% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -57.13% | +54.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 8.15% | -6.41% |
Volatility
SRHQ vs. DBE - Volatility Comparison
The current volatility for SRH U.S. Quality ETF (SRHQ) is 4.37%, while Invesco DB Energy Fund (DBE) has a volatility of 14.12%. This indicates that SRHQ 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
| SRHQ | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 14.12% | -9.75% |
Volatility (6M)Calculated over the trailing 6-month period | 11.10% | 33.95% | -22.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.90% | 37.47% | -22.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.96% | 30.09% | -14.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.96% | 28.58% | -12.62% |
SRHQ vs. DBE - Expense Ratio Comparison
SRHQ has a 0.35% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
SRHQ vs. DBE - Dividend Comparison
SRHQ's dividend yield for the trailing twelve months is around 0.69%, less than DBE's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.16% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
SRHQ SRH U.S. Quality ETF | 0.69% | 0.76% | 0.66% | 0.84% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SRHQ and DBE have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (14.12%) compared to SRHQ (4.37%). In terms of maximum drawdown, SRHQ dropped -18.50% vs DBE's -86.69%.
On 3-year performance, SRHQ leads with 17.26% vs 17.16% for DBE. On fees, SRHQ is cheaper at 0.35% per year. On volatility, SRHQ has been the lower-risk option at 4.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SRHQ has performed better with a 17.26% return vs 17.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SRHQ is cheaper with a 0.35% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.16%, compared with 0.69% for SRHQ.
SRHQ is categorized as Quality Factor, while DBE is Oil & Gas. SRHQ tracks SRH US Quality Index - Benchmark TR Gross, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: SRH and Invesco. Their fees differ too: 0.35% for SRHQ and 0.78% for DBE.
SRHQ currently has the higher Sharpe Ratio (1.97 vs 1.71), 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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