TEKY vs. DBE

Last updated Aug 4, 2026

TEKY (Lazard Next Gen Technologies ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - TEKY is a Technology Equities fund actively managed by Lazard, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. TEKY is actively managed, while DBE is passively managed. Over the past year, TEKY returned 27.60% vs 61.44% for DBE. Their -0.14 correlation means they have often moved in opposite directions in the past. TEKY charges 0.50%/yr vs 0.78%/yr for DBE.

Performance

TEKY vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Next Gen Technologies ETF (TEKY) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEKY achieves a 16.57% return, which is significantly lower than DBE's 71.26% return.

TEKY

• 1D: 2.49%
• 1M: -3.12%
• 6M: 17.33%
• YTD: 16.57%
• 1Y: 27.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 52.83%

DBE

• 1D: -4.26%
• 1M: 15.98%
• 6M: 57.84%
• YTD: 71.26%
• 1Y: 61.44%
• 3Y*: 15.22%
• 5Y*: 17.82%
• 10Y*: 12.24%
• ALL TIME*: 2.29%

*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)
DBE Invesco DB Energy Fund	$1.27M	$1.08M	$1.67M
TEKY Lazard Next Gen Technologies ETF	$5.02K	$14.04K	$21.08K

TEKY vs. DBE - Yearly Performance Comparison

	2026 (YTD)	2025
TEKY Lazard Next Gen Technologies ETF	16.57%	50.31%
DBE Invesco DB Energy Fund	71.26%	2.29%

Correlation

The correlation between TEKY and DBE is -0.19, 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.	-0.19
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025	-0.14

Return for Risk

TEKY vs. DBE — Risk / Return Rank

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

TEKY

TEKY Risk / Return Rank: 36
TEKY Sharpe Ratio Rank: 37
TEKY Sortino Ratio Rank: 36
TEKY Omega Ratio Rank: 36
TEKY Calmar Ratio Rank: 36
TEKY Martin Ratio Rank: 33

DBE

DBE Risk / Return Rank: 66
DBE Sharpe Ratio Rank: 70
DBE Sortino Ratio Rank: 66
DBE Omega Ratio Rank: 64
DBE Calmar Ratio Rank: 69
DBE Martin Ratio Rank: 63

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.

TEKY vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Next Gen Technologies ETF (TEKY) 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.

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.

	TEKY	DBE	Difference
Sharpe ratio: Return per unit of total volatility	0.99	1.64	-0.65
Sortino ratio: Return per unit of downside risk	1.46	2.23	-0.77
Omega ratio: Gain probability vs. loss probability	1.18	1.28	-0.10
Calmar ratio: Return relative to maximum drawdown	1.29	2.50	-1.20
Martin ratio: Return relative to average drawdown	3.31	7.82	-4.50

TEKY vs. DBE - Sharpe Ratio Comparison

The current TEKY Sharpe Ratio is 0.99, which is lower than the DBE Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of TEKY 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.

Drawdowns

TEKY vs. DBE - Drawdown Comparison

The maximum TEKY drawdown since its inception was -21.43%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for TEKY and DBE.

Drawdown Indicators

	TEKY	DBE	Difference
Max Drawdown Largest peak-to-trough decline	-21.43%	-86.69%	+65.26%
Max Drawdown (1Y) Largest decline over 1 year	-21.43%	-24.72%	+3.29%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.72%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-60.84%	—
Current Drawdown Current decline from peak	-8.36%	-34.98%	+26.62%
Average Drawdown Average peak-to-trough decline	-5.07%	-57.13%	+52.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.35%	7.90%	+0.45%

Volatility

TEKY vs. DBE - Volatility Comparison

The current volatility for Lazard Next Gen Technologies ETF (TEKY) is 11.47%, while Invesco DB Energy Fund (DBE) has a volatility of 15.07%. This indicates that TEKY 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.

Volatility by Period

	TEKY	DBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.47%	15.07%	-3.60%
Volatility (6M) Calculated over the trailing 6-month period	23.92%	34.26%	-10.34%
Volatility (1Y) Calculated over the trailing 1-year period	27.97%	37.66%	-9.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.97%	30.15%	-2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.97%	28.60%	-0.63%

TEKY vs. DBE - Expense Ratio Comparison

TEKY has a 0.50% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

TEKY vs. DBE - Dividend Comparison

TEKY's dividend yield for the trailing twelve months is around 0.17%, less than DBE's 2.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBE Invesco DB Energy Fund	2.26%	3.86%	6.32%	3.87%	0.75%	0.00%	0.00%	1.79%	1.67%
TEKY Lazard Next Gen Technologies ETF	0.17%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEKY and DBE in my portfolio?

TEKY and DBE have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEKY or DBE?

DBE has higher volatility (15.07%) compared to TEKY (11.47%). In terms of maximum drawdown, TEKY dropped -21.43% vs DBE's -86.69%.

Which ETF is better, TEKY or DBE?

On 1-year performance, DBE leads with 61.44% vs 27.60% for TEKY. On fees, TEKY is cheaper at 0.50% per year. On volatility, TEKY has been the lower-risk option at 11.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TEKY or DBE?

Over the 1-year period, DBE has performed better with a 61.44% return vs 27.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TEKY or DBE?

TEKY is cheaper with a 0.50% expense ratio, compared with 0.78% for DBE.

Which ETF pays a higher dividend yield, TEKY or DBE?

DBE has the higher dividend yield at 2.26%, compared with 0.17% for TEKY.

What is the main difference between TEKY and DBE?

TEKY is categorized as Technology Equities, while DBE is Oil & Gas. They also come from different issuers: Lazard and Invesco. Their fees differ too: 0.50% for TEKY and 0.78% for DBE.

Which has better risk-adjusted returns?

DBE currently has the higher Sharpe Ratio (1.64 vs 0.99), 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.