STNC vs. DBO
STNC (Hennessy Stance ESG ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - STNC is a Large Cap Growth Equities fund actively managed by Hennessy, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. STNC is actively managed, while DBO is passively managed. Over the past 5 years, STNC returned 7.12%/yr vs 13.46%/yr for DBO. Their 0.04 correlation means their historical movements had little consistent relationship. STNC charges 0.85%/yr vs 0.78%/yr for DBO.
Performance
STNC vs. DBO - Performance Comparison
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Returns By Period
In the year-to-date period, STNC achieves a 11.50% return, which is significantly lower than DBO's 76.48% return.
STNC
- 1D
- -0.02%
- 1M
- -0.41%
- 6M
- 6.93%
- YTD
- 11.50%
- 1Y
- 20.36%
- 3Y*
- 11.71%
- 5Y*
- 7.12%
- 10Y*
- —
- ALL TIME*
- 8.09%
DBO
- 1D
- 1.56%
- 1M
- 24.59%
- 6M
- 53.46%
- YTD
- 76.48%
- 1Y
- 60.30%
- 3Y*
- 14.86%
- 5Y*
- 13.46%
- 10Y*
- 12.59%
- ALL TIME*
- 0.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.01M | $10.23M | $13.95M | |
| $80.91K | $76.39K | $55.00K |
STNC vs. DBO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
STNC Hennessy Stance ESG ETF | 11.50% | 10.33% | 8.92% | 11.49% | -13.10% | 17.04% |
DBO Invesco DB Oil Fund | 76.48% | -11.71% | 7.85% | -4.44% | 13.04% | 19.91% |
Correlation
The correlation between STNC and DBO is -0.23, 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. | -0.23 |
Correlation (3Y) Balances recent behavior with more history. | -0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2021 | 0.04 |
The correlation between STNC and DBO shifts across timeframes, from -0.23 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
STNC vs. DBO — Risk / Return Rank
STNC
DBO
STNC vs. DBO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Stance ESG ETF (STNC) 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.
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.
| STNC | DBO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 2.01 | +0.38 |
| Martin ratioReturn relative to average drawdown | 7.25 | 6.09 | +1.16 |
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Drawdowns
STNC vs. DBO - Drawdown Comparison
The maximum STNC drawdown since its inception was -22.33%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for STNC and DBO.
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Drawdown Indicators
| STNC | DBO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.33% | -90.18% | +67.85% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -27.73% | +19.64% |
Max Drawdown (3Y)Largest decline over 3 years | -17.90% | -28.20% | +10.30% |
Max Drawdown (5Y)Largest decline over 5 years | -22.33% | -37.68% | +15.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.69% | — |
Current DrawdownCurrent decline from peak | -4.06% | -53.56% | +49.50% |
Average DrawdownAverage peak-to-trough decline | -5.82% | -62.20% | +56.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 9.96% | -7.30% |
Volatility
STNC vs. DBO - Volatility Comparison
The current volatility for Hennessy Stance ESG ETF (STNC) is 3.41%, while Invesco DB Oil Fund (DBO) has a volatility of 17.75%. This indicates that STNC experiences smaller price fluctuations and is considered to be less risky than DBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STNC | DBO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 17.75% | -14.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.08% | 33.77% | -21.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.71% | 38.53% | -23.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.74% | 33.35% | -17.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 32.20% | -16.74% |
STNC vs. DBO - Expense Ratio Comparison
STNC has a 0.85% expense ratio, which is higher than DBO's 0.78% expense ratio.
Dividends
STNC vs. DBO - Dividend Comparison
STNC's dividend yield for the trailing twelve months is around 0.91%, less than DBO's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBO Invesco DB Oil Fund | 1.99% | 3.51% | 4.68% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.58% |
STNC Hennessy Stance ESG ETF | 0.91% | 1.02% | 0.96% | 0.08% | 0.58% | 0.41% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
STNC and DBO have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBO has higher volatility (17.75%) compared to STNC (3.41%). In terms of maximum drawdown, STNC dropped -22.33% vs DBO's -90.18%.
On 5-year performance, DBO leads with 13.46% vs 7.12% for STNC. On fees, DBO is cheaper at 0.78% per year. On volatility, STNC has been the lower-risk option at 3.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBO has performed better with a 13.46% return vs 7.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBO is cheaper with a 0.78% expense ratio, compared with 0.85% for STNC.
DBO has the higher dividend yield at 1.99%, compared with 0.91% for STNC.
STNC is categorized as Large Cap Growth Equities, while DBO is Oil & Gas. They also come from different issuers: Hennessy and Invesco. Their fees differ too: 0.85% for STNC and 0.78% for DBO.
DBO currently has the higher Sharpe Ratio (1.45 vs 1.32), 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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