THNQ vs. DBE
THNQ (ROBO Global Artificial Intelligence ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - THNQ is a Technology Equities fund tracking the ROBO Global Artificial Intelligence Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, THNQ returned 15.29%/yr vs 17.10%/yr for DBE. At a 0.08 correlation, their price movements are largely independent. THNQ charges 0.68%/yr vs 0.78%/yr for DBE.
Performance
THNQ vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, THNQ achieves a 33.28% return, which is significantly lower than DBE's 68.39% return.
THNQ
- 1D
- -2.86%
- 1M
- -3.32%
- 6M
- 29.76%
- YTD
- 33.28%
- 1Y
- 55.27%
- 3Y*
- 31.11%
- 5Y*
- 15.29%
- 10Y*
- —
DBE
- 1D
- -1.09%
- 1M
- 6.25%
- 6M
- 65.69%
- YTD
- 68.39%
- 1Y
- 57.64%
- 3Y*
- 17.96%
- 5Y*
- 17.10%
- 10Y*
- 11.45%
THNQ vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
THNQ ROBO Global Artificial Intelligence ETF | 33.28% | 29.83% | 18.82% | 56.81% | -39.84% | 9.10% | 60.92% |
DBE Invesco DB Energy Fund | 68.39% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | 35.33% |
Correlation
The correlation between THNQ and DBE is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 11, 2020 | 0.08 |
The correlation between THNQ and DBE shifts across timeframes, from -0.17 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
THNQ vs. DBE — Risk / Return Rank
THNQ
DBE
THNQ vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ROBO Global Artificial Intelligence ETF (THNQ) 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.
| THNQ | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.28 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 2.34 | +0.68 |
| Martin ratioReturn relative to average drawdown | 9.22 | 7.00 | +2.22 |
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Drawdowns
THNQ vs. DBE - Drawdown Comparison
The maximum THNQ drawdown since its inception was -50.56%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for THNQ and DBE.
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Drawdown Indicators
| THNQ | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.56% | -86.69% | +36.13% |
Max Drawdown (1Y)Largest decline over 1 year | -18.39% | -24.72% | +6.33% |
Max Drawdown (3Y)Largest decline over 3 years | -29.88% | -24.72% | -5.16% |
Max Drawdown (5Y)Largest decline over 5 years | -50.56% | -38.74% | -11.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -9.52% | -36.07% | +26.55% |
Average DrawdownAverage peak-to-trough decline | -14.90% | -57.19% | +42.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.01% | 8.26% | -2.25% |
Volatility
THNQ vs. DBE - Volatility Comparison
The current volatility for ROBO Global Artificial Intelligence ETF (THNQ) is 9.83%, while Invesco DB Energy Fund (DBE) has a volatility of 11.68%. This indicates that THNQ 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
| THNQ | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.83% | 11.68% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 24.11% | 32.70% | -8.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.34% | 35.99% | -6.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.68% | 29.88% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.93% | 28.39% | +0.54% |
THNQ vs. DBE - Expense Ratio Comparison
THNQ has a 0.68% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
THNQ vs. DBE - Dividend Comparison
THNQ's dividend yield for the trailing twelve months is around 0.15%, less than DBE's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.29% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
THNQ ROBO Global Artificial Intelligence ETF | 0.15% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
THNQ and DBE have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (11.68%) compared to THNQ (9.83%). In terms of maximum drawdown, THNQ dropped -50.56% vs DBE's -86.69%.
On 5-year performance, DBE leads with 17.10% vs 15.29% for THNQ. On fees, THNQ is cheaper at 0.68% per year. On volatility, THNQ has been the lower-risk option at 9.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBE has performed better with a 17.10% return vs 15.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
THNQ is cheaper with a 0.68% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.29%, compared with 0.15% for THNQ.
THNQ is categorized as Technology Equities, while DBE is Oil & Gas. THNQ tracks ROBO Global Artificial Intelligence Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Exchange Traded Concepts and Invesco. Their fees differ too: 0.68% for THNQ and 0.78% for DBE.
THNQ currently has the higher Sharpe Ratio (1.89 vs 1.61), 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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