SSUS vs. DBE
SSUS (Day Hagan/Ned Davis Research Smart Sector ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - SSUS is a Large Cap Growth Equities fund actively managed by Donald L. Hagan LLC, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. SSUS is actively managed, while DBE is passively managed. Over the past 5 years, SSUS returned 11.91%/yr vs 19.66%/yr for DBE. At a 0.16 correlation, their price movements are largely independent. SSUS charges 0.81%/yr vs 0.78%/yr for DBE.
Performance
SSUS vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, SSUS achieves a 14.61% return, which is significantly lower than DBE's 83.68% return.
SSUS
- 1D
- -0.79%
- 1M
- 7.35%
- YTD
- 14.61%
- 6M
- 14.65%
- 1Y
- 29.88%
- 3Y*
- 18.55%
- 5Y*
- 11.91%
- 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%
SSUS vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SSUS Day Hagan/Ned Davis Research Smart Sector ETF | 14.61% | 16.47% | 18.86% | 18.19% | -17.64% | 28.02% | 17.44% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -23.23% |
Correlation
The correlation between SSUS and DBE is -0.34, 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 | -0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.16 |
The correlation between SSUS and DBE shifts across timeframes, from -0.34 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SSUS vs. DBE — Risk / Return Rank
SSUS
DBE
SSUS vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Day Hagan/Ned Davis Research Smart Sector ETF (SSUS) 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.
| SSUS | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.40 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | 5.89 | -2.57 |
| Martin ratioReturn relative to average drawdown | 15.41 | 11.53 | +3.88 |
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
| SSUS | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 2.43 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.67 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.09 | +0.75 |
Drawdowns
SSUS vs. DBE - Drawdown Comparison
The maximum SSUS drawdown since its inception was -23.75%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for SSUS and DBE.
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Drawdown Indicators
| SSUS | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.75% | -86.69% | +62.94% |
Max Drawdown (1Y)Largest decline over 1 year | -9.05% | -14.41% | +5.36% |
Max Drawdown (3Y)Largest decline over 3 years | -17.60% | -23.89% | +6.29% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -38.74% | +15.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -0.79% | -30.27% | +29.48% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -57.31% | +52.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 7.35% | -5.41% |
Volatility
SSUS vs. DBE - Volatility Comparison
The current volatility for Day Hagan/Ned Davis Research Smart Sector ETF (SSUS) is 3.45%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that SSUS 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
| SSUS | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 12.95% | -9.50% |
Volatility (6M)Calculated over the trailing 6-month period | 9.51% | 30.86% | -21.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.23% | 34.97% | -22.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 29.39% | -14.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.86% | 28.33% | -11.47% |
SSUS vs. DBE - Expense Ratio Comparison
SSUS has a 0.81% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
SSUS vs. DBE - Dividend Comparison
SSUS's dividend yield for the trailing twelve months is around 0.45%, 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% |
SSUS Day Hagan/Ned Davis Research Smart Sector ETF | 0.45% | 0.52% | 0.68% | 1.07% | 0.63% | 0.55% | 0.50% | 0.00% | 0.00% |
Frequently Asked Questions
SSUS and DBE have a correlation of -0.34, 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 SSUS (3.45%). In terms of maximum drawdown, SSUS dropped -23.75% vs DBE's -86.69%.
On 5-year performance, DBE leads with 19.66% vs 11.91% for SSUS. On fees, DBE is cheaper at 0.78% per year. On volatility, SSUS has been the lower-risk option at 3.45%. 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 19.66% return vs 11.91%. 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 0.81% for SSUS.
DBE has the higher dividend yield at 2.10%, compared with 0.45% for SSUS.
SSUS is categorized as Large Cap Growth Equities, while DBE is Oil & Gas. They also come from different issuers: Donald L. Hagan LLC and Invesco. Their fees differ too: 0.81% for SSUS and 0.78% for DBE.
SSUS currently has the higher Sharpe Ratio (2.46 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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