SXQG vs. DBO
SXQG (ETC 6 Meridian Quality Growth ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - SXQG is a Large Cap Growth Equities fund actively managed by Meridian, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. SXQG is actively managed, while DBO is passively managed. Over the past 5 years, SXQG returned 4.58%/yr vs 13.08%/yr for DBO. At a 0.04 correlation, their price movements are largely independent. SXQG charges 1.00%/yr vs 0.78%/yr for DBO.
Performance
SXQG vs. DBO - Performance Comparison
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Returns By Period
In the year-to-date period, SXQG achieves a -2.99% return, which is significantly lower than DBO's 68.61% return.
SXQG
- 1D
- -1.40%
- 1M
- 2.40%
- 6M
- -1.13%
- YTD
- -2.99%
- 1Y
- -0.98%
- 3Y*
- 8.88%
- 5Y*
- 4.58%
- 10Y*
- —
DBO
- 1D
- 3.73%
- 1M
- 9.47%
- 6M
- 62.48%
- YTD
- 68.61%
- 1Y
- 54.48%
- 3Y*
- 15.79%
- 5Y*
- 13.08%
- 10Y*
- 10.77%
SXQG vs. DBO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SXQG ETC 6 Meridian Quality Growth ETF | -2.99% | 4.43% | 18.77% | 28.32% | -23.93% | 12.62% |
DBO Invesco DB Oil Fund | 68.61% | -11.71% | 7.85% | -4.44% | 13.04% | 16.21% |
Correlation
The correlation between SXQG and DBO is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since May 11, 2021 | 0.04 |
The correlation between SXQG and DBO shifts across timeframes, from -0.22 (1 year) to 0.04 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SXQG vs. DBO — Risk / Return Rank
SXQG
DBO
SXQG vs. DBO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETC 6 Meridian Quality Growth ETF (SXQG) 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.
| SXQG | DBO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.26 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 1.97 | -2.04 |
| Martin ratioReturn relative to average drawdown | -0.18 | 5.27 | -5.45 |
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Drawdowns
SXQG vs. DBO - Drawdown Comparison
The maximum SXQG drawdown since its inception was -33.97%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for SXQG and DBO.
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Drawdown Indicators
| SXQG | DBO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.97% | -90.18% | +56.21% |
Max Drawdown (1Y)Largest decline over 1 year | -14.03% | -27.73% | +13.70% |
Max Drawdown (3Y)Largest decline over 3 years | -19.53% | -28.20% | +8.67% |
Max Drawdown (5Y)Largest decline over 5 years | -33.97% | -37.68% | +3.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.69% | — |
Current DrawdownCurrent decline from peak | -5.83% | -55.63% | +49.80% |
Average DrawdownAverage peak-to-trough decline | -10.02% | -62.21% | +52.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.36% | 10.37% | -5.01% |
Volatility
SXQG vs. DBO - Volatility Comparison
The current volatility for ETC 6 Meridian Quality Growth ETF (SXQG) is 4.77%, while Invesco DB Oil Fund (DBO) has a volatility of 13.53%. This indicates that SXQG 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
| SXQG | DBO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 13.53% | -8.76% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 31.28% | -21.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.11% | 36.22% | -24.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.07% | 32.96% | -14.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.90% | 31.93% | -14.03% |
SXQG vs. DBO - Expense Ratio Comparison
SXQG has a 1.00% expense ratio, which is higher than DBO's 0.78% expense ratio.
Dividends
SXQG vs. DBO - Dividend Comparison
SXQG's dividend yield for the trailing twelve months is around 0.03%, less than DBO's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBO Invesco DB Oil Fund | 2.08% | 3.51% | 4.68% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.58% |
SXQG ETC 6 Meridian Quality Growth ETF | 0.03% | 0.15% | 0.00% | 0.02% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SXQG and DBO have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBO has higher volatility (13.53%) compared to SXQG (4.77%). In terms of maximum drawdown, SXQG dropped -33.97% vs DBO's -90.18%.
On 5-year performance, DBO leads with 13.08% vs 4.58% for SXQG. On fees, DBO is cheaper at 0.78% per year. On volatility, SXQG has been the lower-risk option at 4.77%. 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 13.08% return vs 4.58%. 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 1.00% for SXQG.
DBO has the higher dividend yield at 2.08%, compared with 0.03% for SXQG.
SXQG is categorized as Large Cap Growth Equities, while DBO is Oil & Gas. They also come from different issuers: Meridian and Invesco. Their fees differ too: 1.00% for SXQG and 0.78% for DBO.
DBO currently has the higher Sharpe Ratio (1.51 vs -0.08), 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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