TOV vs. DBO

Last updated Jun 4, 2026

TOV (JLens 500 Jewish Advocacy U.S. ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - TOV is a Large Cap Blend Equities fund tracking the JLens 500 Jewish Advocacy U.S. Index, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. Both are passively managed. Over the past year, TOV returned 28.12% vs 80.26% for DBO. At a correlation of -0.09, they often move in opposite directions. TOV charges 0.18%/yr vs 0.78%/yr for DBO.

Performance

TOV vs. DBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JLens 500 Jewish Advocacy U.S. ETF (TOV) and Invesco DB Oil Fund (DBO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TOV achieves a 11.31% return, which is significantly lower than DBO's 84.75% return.

TOV

• 1D: -0.60%
• 1M: 5.33%
• YTD: 11.31%
• 6M: 11.06%
• 1Y: 28.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBO

• 1D: 2.27%
• 1M: -2.34%
• YTD: 84.75%
• 6M: 81.10%
• 1Y: 80.26%
• 3Y*: 21.86%
• 5Y*: 15.98%
• 10Y*: 11.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TOV vs. DBO - Yearly Performance Comparison

	2026 (YTD)	2025
TOV JLens 500 Jewish Advocacy U.S. ETF	11.31%	17.49%
DBO Invesco DB Oil Fund	84.75%	-11.09%

Correlation

The correlation between TOV and DBO is -0.27, 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	-0.27
Correlation (All Time) Calculated using the full available price history since Feb 28, 2025	-0.09

The correlation between TOV and DBO shifts across timeframes, from -0.27 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.

TOV vs. DBO - Sectors Allocation Comparison

Sectors	TOV	DBO
Technology	35.7%	-
Financial Services	11.9%	116.0%
Communication Services	11.5%	-
Consumer Cyclical	9.8%	-
Healthcare	8.7%	-
Industrials	8.4%	-
Consumer Defensive	4.8%	-
Energy	3.6%	-
Utilities	2.2%	-
Real Estate	1.7%	-
Basic Materials	1.6%	-

Return for Risk

TOV vs. DBO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TOV

TOV Risk / Return Rank: 71
TOV Sharpe Ratio Rank: 72
TOV Sortino Ratio Rank: 71
TOV Omega Ratio Rank: 70
TOV Calmar Ratio Rank: 65
TOV Martin Ratio Rank: 76

DBO

DBO Risk / Return Rank: 65
DBO Sharpe Ratio Rank: 70
DBO Sortino Ratio Rank: 62
DBO Omega Ratio Rank: 60
DBO Calmar Ratio Rank: 83
DBO Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TOV vs. DBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JLens 500 Jewish Advocacy U.S. ETF (TOV) 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.

	TOV	DBO	Difference
Sharpe ratio: Return per unit of total volatility	2.31	2.34	-0.03
Sortino ratio: Return per unit of downside risk	3.17	2.94	+0.24
Omega ratio: Gain probability vs. loss probability	1.42	1.38	+0.04
Calmar ratio: Return relative to maximum drawdown	3.18	4.44	-1.26
Martin ratio: Return relative to average drawdown	14.17	9.02	+5.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TOV vs. DBO - Sharpe Ratio Comparison

The current TOV Sharpe Ratio is 2.31, which is comparable to the DBO Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of TOV and DBO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TOV	DBO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	2.34	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	0.02	+1.31

Drawdowns

TOV vs. DBO - Drawdown Comparison

The maximum TOV drawdown since its inception was -16.28%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for TOV and DBO.

Drawdown Indicators

	TOV	DBO	Difference
Max Drawdown Largest peak-to-trough decline	-16.28%	-90.18%	+73.90%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-18.19%	+9.30%
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	-0.60%	-51.38%	+50.78%
Average Drawdown Average peak-to-trough decline	-2.04%	-62.25%	+60.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	8.92%	-6.93%

Volatility

TOV vs. DBO - Volatility Comparison

The current volatility for JLens 500 Jewish Advocacy U.S. ETF (TOV) is 3.72%, while Invesco DB Oil Fund (DBO) has a volatility of 12.61%. This indicates that TOV 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.

Volatility by Period

	TOV	DBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	12.61%	-8.89%
Volatility (6M) Calculated over the trailing 6-month period	9.37%	28.20%	-18.83%
Volatility (1Y) Calculated over the trailing 1-year period	12.23%	34.46%	-22.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.87%	32.29%	-14.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.87%	31.78%	-13.91%

TOV vs. DBO - Expense Ratio Comparison

TOV has a 0.18% expense ratio, which is lower than DBO's 0.78% expense ratio.

Dividends

TOV vs. DBO - Dividend Comparison

TOV's dividend yield for the trailing twelve months is around 0.82%, less than DBO's 1.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBO Invesco DB Oil Fund	1.90%	3.51%	4.68%	4.59%	0.66%	0.00%	0.00%	1.63%	1.58%
TOV JLens 500 Jewish Advocacy U.S. ETF	0.82%	0.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TOV and DBO in my portfolio?

TOV and DBO have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TOV or DBO?

DBO has higher volatility (12.61%) compared to TOV (3.72%). In terms of maximum drawdown, TOV dropped -16.28% vs DBO's -90.18%.

Which ETF is better, TOV or DBO?

On 1-year performance, DBO leads with 80.26% vs 28.12% for TOV. On fees, TOV is cheaper at 0.18% per year. On volatility, TOV has been the lower-risk option at 3.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TOV or DBO?

Over the 1-year period, DBO has performed better with a 80.26% return vs 28.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TOV or DBO?

TOV is cheaper with a 0.18% expense ratio, compared with 0.78% for DBO.

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

DBO has the higher dividend yield at 1.90%, compared with 0.82% for TOV.

What is the main difference between TOV and DBO?

TOV is categorized as Large Cap Blend Equities, while DBO is Oil & Gas. TOV tracks JLens 500 Jewish Advocacy U.S. Index, while DBO tracks DBIQ Optimum Yield Crude Oil Index Excess Return. They also come from different issuers: JLens and Invesco. Their fees differ too: 0.18% for TOV and 0.78% for DBO.

Which has better risk-adjusted returns?

DBO currently has the higher Sharpe Ratio (2.34 vs 2.31), 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.