TEKX vs. DBE
TEKX (SPDR Galaxy Transformative Tech Accelerators ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - TEKX is a Mid Cap Growth Equities fund actively managed by State Street Global Advisors, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. TEKX is actively managed, while DBE is passively managed. Over the past year, TEKX returned 159.99% vs 84.41% for DBE. At a correlation of -0.03, they often move in opposite directions. TEKX charges 0.65%/yr vs 0.78%/yr for DBE.
Performance
TEKX vs. DBE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with TEKX having a 80.10% return and DBE slightly higher at 83.68%.
TEKX
- 1D
- -0.59%
- 1M
- 35.07%
- YTD
- 80.10%
- 6M
- 66.58%
- 1Y
- 159.99%
- 3Y*
- —
- 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%
TEKX vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TEKX SPDR Galaxy Transformative Tech Accelerators ETF | 80.10% | 40.92% | 14.80% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 11.11% |
Correlation
The correlation between TEKX and DBE is -0.20, 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 | -0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2024 | -0.03 |
The correlation between TEKX and DBE shifts across timeframes, from -0.20 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TEKX vs. DBE — Risk / Return Rank
TEKX
DBE
TEKX vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) 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.
| TEKX | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.40 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 8.98 | 5.89 | +3.09 |
| Martin ratioReturn relative to average drawdown | 29.66 | 11.53 | +18.13 |
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
| TEKX | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.30 | 2.43 | +1.87 |
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 | 1.94 | 0.09 | +1.85 |
Drawdowns
TEKX vs. DBE - Drawdown Comparison
The maximum TEKX drawdown since its inception was -45.57%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for TEKX and DBE.
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Drawdown Indicators
| TEKX | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.57% | -86.69% | +41.12% |
Max Drawdown (1Y)Largest decline over 1 year | -17.92% | -14.41% | -3.51% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.89% | — |
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 | -0.59% | -30.27% | +29.68% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -57.31% | +47.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.42% | 7.35% | -1.93% |
Volatility
TEKX vs. DBE - Volatility Comparison
The current volatility for SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) is 10.60%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that TEKX 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
| TEKX | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.60% | 12.95% | -2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 29.62% | 30.86% | -1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.51% | 34.97% | +2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.50% | 29.39% | +15.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.50% | 28.33% | +16.17% |
TEKX vs. DBE - Expense Ratio Comparison
TEKX has a 0.65% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
TEKX vs. DBE - Dividend Comparison
TEKX's dividend yield for the trailing twelve months is around 0.20%, 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% |
TEKX SPDR Galaxy Transformative Tech Accelerators ETF | 0.20% | 0.36% | 3.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TEKX and DBE have a correlation of -0.20, 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 TEKX (10.60%). In terms of maximum drawdown, TEKX dropped -45.57% vs DBE's -86.69%.
On 1-year performance, TEKX leads with 159.99% vs 84.41% for DBE. On fees, TEKX is cheaper at 0.65% per year. On volatility, TEKX has been the lower-risk option at 10.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TEKX has performed better with a 159.99% return vs 84.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TEKX is cheaper with a 0.65% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.10%, compared with 0.20% for TEKX.
TEKX is categorized as Mid Cap Growth Equities, while DBE is Oil & Gas. They also come from different issuers: State Street Global Advisors and Invesco. Their fees differ too: 0.65% for TEKX and 0.78% for DBE.
TEKX currently has the higher Sharpe Ratio (4.30 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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