STXE vs. DBE
STXE (Strive Emerging Markets Ex-China ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - STXE is a Emerging Markets Diversified fund tracking the Bloomberg US 1000 Dividend Growth 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, STXE returned 29.77%/yr vs 23.42%/yr for DBE. At a 0.00 correlation, their price movements are largely independent. STXE charges 0.32%/yr vs 0.78%/yr for DBE.
Performance
STXE vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, STXE achieves a 47.29% return, which is significantly lower than DBE's 83.68% return.
STXE
- 1D
- -1.00%
- 1M
- 15.10%
- YTD
- 47.29%
- 6M
- 52.92%
- 1Y
- 84.40%
- 3Y*
- 29.77%
- 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%
STXE vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
STXE Strive Emerging Markets Ex-China ETF | 47.29% | 34.23% | 2.09% | 11.74% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -9.59% |
Correlation
The correlation between STXE and DBE is -0.29, 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 | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2023 | 0.00 |
The correlation between STXE and DBE shifts across timeframes, from -0.29 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
STXE vs. DBE — Risk / Return Rank
STXE
DBE
STXE vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strive Emerging Markets Ex-China ETF (STXE) 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.
| STXE | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.40 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 5.85 | 5.89 | -0.04 |
| Martin ratioReturn relative to average drawdown | 23.95 | 11.53 | +12.42 |
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
| STXE | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.70 | 2.43 | +1.27 |
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 | 1.57 | 0.09 | +1.48 |
Drawdowns
STXE vs. DBE - Drawdown Comparison
The maximum STXE drawdown since its inception was -18.92%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for STXE and DBE.
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Drawdown Indicators
| STXE | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.92% | -86.69% | +67.77% |
Max Drawdown (1Y)Largest decline over 1 year | -14.51% | -14.41% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -18.92% | -23.89% | +4.97% |
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 | -1.00% | -30.27% | +29.27% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -57.31% | +53.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 7.35% | -3.81% |
Volatility
STXE vs. DBE - Volatility Comparison
The current volatility for Strive Emerging Markets Ex-China ETF (STXE) is 10.53%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that STXE 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
| STXE | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.53% | 12.95% | -2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 20.81% | 30.86% | -10.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.95% | 34.97% | -12.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.68% | 29.39% | -11.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.68% | 28.33% | -10.65% |
STXE vs. DBE - Expense Ratio Comparison
STXE has a 0.32% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
STXE vs. DBE - Dividend Comparison
STXE's dividend yield for the trailing twelve months is around 1.83%, 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% |
STXE Strive Emerging Markets Ex-China ETF | 1.83% | 2.66% | 3.22% | 1.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
STXE and DBE have a correlation of -0.29, 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 STXE (10.53%). In terms of maximum drawdown, STXE dropped -18.92% vs DBE's -86.69%.
On 3-year performance, STXE leads with 29.77% vs 23.42% for DBE. On fees, STXE is cheaper at 0.32% per year. On volatility, STXE has been the lower-risk option at 10.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, STXE has performed better with a 29.77% return vs 23.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STXE is cheaper with a 0.32% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.10%, compared with 1.83% for STXE.
STXE is categorized as Emerging Markets Diversified, while DBE is Oil & Gas. STXE tracks Bloomberg US 1000 Dividend Growth Index - Benchmark TR Gross, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Strive and Invesco. Their fees differ too: 0.32% for STXE and 0.78% for DBE.
STXE currently has the higher Sharpe Ratio (3.70 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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