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SUSA vs. DBE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SUSA vs. DBE

Last updated Jun 4, 2026

SUSA (iShares MSCI USA ESG Select ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - SUSA is a Large Cap Growth Equities fund tracking the MSCI USA ESG Select Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, SUSA returned 15.06%/yr vs 12.03%/yr for DBE. At a 0.27 correlation, their price movements are largely independent. SUSA charges 0.25%/yr vs 0.78%/yr for DBE.

Performance

SUSA vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA ESG Select ETF (SUSA) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SUSA achieves a 11.10% return, which is significantly lower than DBE's 83.68% return. Over the past 10 years, SUSA has outperformed DBE with an annualized return of 15.06%, while DBE has yielded a comparatively lower 12.03% annualized return.

SUSA

1D
-0.88%
1M
6.04%
YTD
11.10%
6M
10.68%
1Y
26.44%
3Y*
20.92%
5Y*
11.86%
10Y*
15.06%

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

SUSA vs. DBE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SUSA
iShares MSCI USA ESG Select ETF		11.10%15.72%22.43%23.88%-21.38%30.45%24.66%32.10%-5.67%22.52%
DBE
Invesco DB Energy Fund		83.68%-2.17%2.96%-12.14%33.77%57.56%-25.91%19.72%-12.95%5.21%

Correlation

The correlation between SUSA 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

-0.08

Correlation (5Y)
Calculated over the trailing 5-year period

0.08

Correlation (10Y)
Calculated over the trailing 10-year period

0.18

Correlation (All Time)
Calculated using the full available price history since Jan 8, 2007

0.27

The correlation between SUSA and DBE shifts across timeframes, from -0.34 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI USA ESG Select ETF

Invesco DB Energy Fund

Often compared with SUSA:
SUSA vs. ESGUSUSA vs. ESGVSUSA vs. SUSLSUSA vs. SPYSUSA vs. VOOSUSA vs. IQSUSUSA vs. JEPI
Often compared with DBE:
DBE vs. DBBDBE vs. XLEDBE vs. VDEDBE vs. COMTDBE vs. XLKDBE vs. GLDDBE vs. TIP

Return for Risk

SUSA vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SUSA
SUSA Risk / Return Rank: 6262
Overall Rank
SUSA Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
SUSA Sortino Ratio Rank: 6363
Sortino Ratio Rank
SUSA Omega Ratio Rank: 6262
Omega Ratio Rank
SUSA Calmar Ratio Rank: 5555
Calmar Ratio Rank
SUSA Martin Ratio Rank: 6666
Martin Ratio Rank
DBE
DBE Risk / Return Rank: 7171
Overall Rank
DBE Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
DBE Sortino Ratio Rank: 6363
Sortino Ratio Rank
DBE Omega Ratio Rank: 6565
Omega Ratio Rank
DBE Calmar Ratio Rank: 9191
Calmar Ratio Rank
DBE Martin Ratio Rank: 6363
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SUSA vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA ESG Select ETF (SUSA) 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.

SUSADBEDifference
Sharpe ratioReturn per unit of total volatility
2.15
2.43

-0.28

Sortino ratioReturn per unit of downside risk
2.97
2.96

+0.01

Omega ratioGain probability vs. loss probability

1.38

1.40

-0.02

Calmar ratioReturn relative to maximum drawdown

2.74

5.89

-3.15

Martin ratioReturn relative to average drawdown

12.10

11.53

+0.57

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SUSA vs. DBE - Sharpe Ratio Comparison

The current SUSA Sharpe Ratio is 2.15, which is comparable to the DBE Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of SUSA and DBE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SUSADBEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.15

2.43

-0.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.69

0.67

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.83

0.43

+0.41

Sharpe Ratio (All Time)

Calculated using the full available price history

0.58

0.09

+0.48

Drawdowns

SUSA vs. DBE - Drawdown Comparison

The maximum SUSA drawdown since its inception was -53.93%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for SUSA and DBE.

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Drawdown Indicators

SUSADBEDifference

Max Drawdown

Largest peak-to-trough decline

-53.93%

-86.69%

+32.76%

Max Drawdown (1Y)

Largest decline over 1 year

-9.71%

-14.41%

+4.70%

Max Drawdown (3Y)

Largest decline over 3 years

-19.30%

-23.89%

+4.59%

Max Drawdown (5Y)

Largest decline over 5 years

-28.23%

-38.74%

+10.51%

Max Drawdown (10Y)

Largest decline over 10 years

-32.93%

-60.84%

+27.91%

Current Drawdown

Current decline from peak

-0.88%

-30.27%

+29.39%

Average Drawdown

Average peak-to-trough decline

-7.25%

-57.31%

+50.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.19%

7.35%

-5.16%

Volatility

SUSA vs. DBE - Volatility Comparison

The current volatility for iShares MSCI USA ESG Select ETF (SUSA) is 3.29%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that SUSA 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

SUSADBEDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.29%

12.95%

-9.66%

Volatility (6M)

Calculated over the trailing 6-month period

9.58%

30.86%

-21.28%

Volatility (1Y)

Calculated over the trailing 1-year period

12.37%

34.97%

-22.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.33%

29.39%

-12.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.15%

28.33%

-10.18%

SUSA vs. DBE - Expense Ratio Comparison

SUSA has a 0.25% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

SUSA vs. DBE - Dividend Comparison

SUSA's dividend yield for the trailing twelve months is around 0.83%, less than DBE's 2.10% yield.

PositionTTM20252024202320222021202020192018201720162015
DBE
Invesco DB Energy Fund		2.10%3.86%6.32%3.87%0.75%0.00%0.00%1.79%1.67%0.00%0.00%0.00%
SUSA
iShares MSCI USA ESG Select ETF		0.83%0.89%1.15%1.32%1.52%0.98%1.17%1.52%1.72%1.40%1.56%1.42%

Frequently Asked Questions

SUSA 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 SUSA (3.29%). In terms of maximum drawdown, SUSA dropped -53.93% vs DBE's -86.69%.

On 10-year performance, SUSA leads with 15.06% vs 12.03% for DBE. On fees, SUSA is cheaper at 0.25% per year. On volatility, SUSA has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SUSA has performed better with a 15.06% return vs 12.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SUSA is cheaper with a 0.25% expense ratio, compared with 0.78% for DBE.

DBE has the higher dividend yield at 2.10%, compared with 0.83% for SUSA.

SUSA is categorized as Large Cap Growth Equities, while DBE is Oil & Gas. SUSA tracks MSCI USA ESG Select Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.25% for SUSA and 0.78% for DBE.

DBE currently has the higher Sharpe Ratio (2.43 vs 2.15), 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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