SZNE vs. DBO

Last updated Aug 2, 2026

SZNE (Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - SZNE is a Large Cap Blend Equities fund tracking the Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. Both are passively managed. Their 0.14 correlation means their historical movements had little consistent relationship. SZNE charges 0.60%/yr vs 0.78%/yr for DBO.

Performance

SZNE vs. DBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE) and Invesco DB Oil Fund (DBO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SZNE

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

SZNE vs. DBO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF	9.68%	-3.44%	2.05%	6.53%	-12.33%	26.36%	4.03%	35.75%	-7.01%
DBO Invesco DB Oil Fund	76.48%	-11.71%	7.85%	-4.44%	13.04%	60.74%	-20.99%	28.05%	-28.70%

Correlation

The correlation between SZNE and DBO is -0.18, 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.	-0.18
Correlation (3Y) Balances recent behavior with more history.	-0.07
Correlation (5Y) Shows whether the relationship held over a longer period.	0.04
Correlation (All Time) Calculated using the full available price history since Jul 24, 2018	0.14

The correlation between SZNE and DBO shifts across timeframes, from -0.18 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SZNE vs. DBO — Risk / Return Rank

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

SZNE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SZNE vs. DBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE) 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.

	SZNE	DBO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.45	—
Sortino ratio: Return per unit of downside risk	—	2.05	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.01	—
Martin ratio: Return relative to average drawdown	—	6.09	—

Drawdowns

Drawdown Indicators

	SZNE	DBO	Difference
Max Drawdown Largest peak-to-trough decline	—	-90.18%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-27.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-28.20%	—
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	—	-53.56%	—
Average Drawdown Average peak-to-trough decline	—	-62.20%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.96%	—

Volatility

Volatility by Period

	SZNE	DBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.77%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	38.53%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	33.35%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	32.20%	—

SZNE vs. DBO - Expense Ratio Comparison

SZNE has a 0.60% expense ratio, which is lower than DBO's 0.78% expense ratio.

Dividends

SZNE vs. DBO - Dividend Comparison

SZNE's dividend yield for the trailing twelve months is around 1.23%, 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%
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF	1.23%	1.47%	1.20%	1.21%	1.11%	0.79%	1.37%	0.90%	0.68%

Frequently Asked Questions

Can I hold both SZNE and DBO in my portfolio?

SZNE and DBO have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SZNE or DBO?

On fees, SZNE is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SZNE or DBO?

SZNE is cheaper with a 0.60% expense ratio, compared with 0.78% for DBO.

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

DBO has the higher dividend yield at 1.99%, compared with 1.23% for SZNE.

What is the main difference between SZNE and DBO?

SZNE is categorized as Large Cap Blend Equities, while DBO is Oil & Gas. SZNE tracks Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index, while DBO tracks DBIQ Optimum Yield Crude Oil Index Excess Return. They also come from different issuers: Pacer and Invesco. Their fees differ too: 0.60% for SZNE and 0.78% for DBO.