STXV vs. DBO

Last updated Aug 2, 2026

STXV (Strive 1000 Value ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - STXV is a Large Cap Value Equities fund tracking the Bloomberg US 1000 Value, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. Both are passively managed. Over the past 3 years, STXV returned 16.59%/yr vs 14.86%/yr for DBO. Their 0.13 correlation means their historical movements had little consistent relationship. STXV charges 0.18%/yr vs 0.78%/yr for DBO.

Performance

STXV vs. DBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive 1000 Value ETF (STXV) and Invesco DB Oil Fund (DBO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STXV achieves a 16.83% return, which is significantly lower than DBO's 76.48% return.

STXV

• 1D: -0.15%
• 1M: 1.18%
• 6M: 10.56%
• YTD: 16.83%
• 1Y: 29.63%
• 3Y*: 16.59%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.98%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DBO Invesco DB Oil Fund	$11.01M	$10.23M	$13.95M
STXV Strive 1000 Value ETF	$237.40K	$357.12K	$300.77K

STXV vs. DBO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
STXV Strive 1000 Value ETF	16.83%	16.26%	13.34%	9.28%	-0.08%
DBO Invesco DB Oil Fund	76.48%	-11.71%	7.85%	-4.44%	-7.51%

Correlation

The correlation between STXV and DBO is -0.13, 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.	-0.13
Correlation (3Y) Balances recent behavior with more history.	0.03
Correlation (All Time) Calculated using the full available price history since Nov 10, 2022	0.13

The correlation between STXV and DBO shifts across timeframes, from -0.13 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

Return for Risk

STXV vs. DBO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

STXV

STXV Risk / Return Rank: 95
STXV Sharpe Ratio Rank: 96
STXV Sortino Ratio Rank: 95
STXV Omega Ratio Rank: 94
STXV Calmar Ratio Rank: 94
STXV Martin Ratio Rank: 95

DBO

DBO Risk / Return Rank: 58
DBO Sharpe Ratio Rank: 62
DBO Sortino Ratio Rank: 61
DBO Omega Ratio Rank: 57
DBO Calmar Ratio Rank: 57
DBO Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

STXV vs. DBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive 1000 Value ETF (STXV) 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.

	STXV	DBO	Difference
Sharpe ratio: Return per unit of total volatility	2.89	1.45	+1.45
Sortino ratio: Return per unit of downside risk	4.15	2.05	+2.10
Omega ratio: Gain probability vs. loss probability	1.53	1.25	+0.28
Calmar ratio: Return relative to maximum drawdown	4.95	2.01	+2.94
Martin ratio: Return relative to average drawdown	18.99	6.09	+12.89

STXV vs. DBO - Sharpe Ratio Comparison

The current STXV Sharpe Ratio is 2.89, which is higher than the DBO Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of STXV and DBO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

STXV vs. DBO - Drawdown Comparison

The maximum STXV drawdown since its inception was -14.80%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for STXV and DBO.

Drawdown Indicators

	STXV	DBO	Difference
Max Drawdown Largest peak-to-trough decline	-14.80%	-90.18%	+75.38%
Max Drawdown (1Y) Largest decline over 1 year	-5.81%	-27.73%	+21.92%
Max Drawdown (3Y) Largest decline over 3 years	-14.80%	-28.20%	+13.40%
Max Drawdown (5Y) Largest decline over 5 years	—	-37.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-61.69%	—
Current Drawdown Current decline from peak	-1.20%	-53.56%	+52.36%
Average Drawdown Average peak-to-trough decline	-2.65%	-62.20%	+59.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	9.96%	-8.45%

Volatility

STXV vs. DBO - Volatility Comparison

The current volatility for Strive 1000 Value ETF (STXV) is 2.53%, while Invesco DB Oil Fund (DBO) has a volatility of 17.75%. This indicates that STXV 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.

Volatility by Period

	STXV	DBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	17.75%	-15.22%
Volatility (6M) Calculated over the trailing 6-month period	6.94%	33.77%	-26.83%
Volatility (1Y) Calculated over the trailing 1-year period	9.99%	38.53%	-28.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.08%	33.35%	-20.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.08%	32.20%	-19.12%

STXV vs. DBO - Expense Ratio Comparison

STXV has a 0.18% expense ratio, which is lower than DBO's 0.78% expense ratio.

Dividends

STXV vs. DBO - Dividend Comparison

STXV's dividend yield for the trailing twelve months is around 2.05%, more 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%
STXV Strive 1000 Value ETF	2.05%	2.37%	2.36%	2.05%	0.47%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both STXV and DBO in my portfolio?

STXV and DBO have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STXV or DBO?

DBO has higher volatility (17.75%) compared to STXV (2.53%). In terms of maximum drawdown, STXV dropped -14.80% vs DBO's -90.18%.

Which ETF is better, STXV or DBO?

On 3-year performance, STXV leads with 16.59% vs 14.86% for DBO. On fees, STXV is cheaper at 0.18% per year. On volatility, STXV has been the lower-risk option at 2.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, STXV or DBO?

Over the 3-year period, STXV has performed better with a 16.59% return vs 14.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, STXV or DBO?

STXV is cheaper with a 0.18% expense ratio, compared with 0.78% for DBO.

Which ETF pays a higher dividend yield, STXV or DBO?

STXV has the higher dividend yield at 2.05%, compared with 1.99% for DBO.

What is the main difference between STXV and DBO?

STXV is categorized as Large Cap Value Equities, while DBO is Oil & Gas. STXV tracks Bloomberg US 1000 Value, while DBO tracks DBIQ Optimum Yield Crude Oil Index Excess Return. They also come from different issuers: Strive and Invesco. Their fees differ too: 0.18% for STXV and 0.78% for DBO.

Which has better risk-adjusted returns?

STXV currently has the higher Sharpe Ratio (2.89 vs 1.45), 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.