TREE vs. DBE

Last updated Jun 4, 2026

TREE (LendingTree, Inc.) is a stock, while DBE (Invesco DB Energy Fund) is Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Over the past 10 years, TREE returned -8.33%/yr vs 12.03%/yr for DBE. At a 0.12 correlation, their price movements are largely independent.

Performance

TREE vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LendingTree, Inc. (TREE) 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, TREE achieves a -32.15% return, which is significantly lower than DBE's 83.68% return. Over the past 10 years, TREE has underperformed DBE with an annualized return of -8.33%, while DBE has yielded a comparatively higher 12.03% annualized return.

TREE

• 1D: -5.73%
• 1M: -7.43%
• YTD: -32.15%
• 6M: -36.50%
• 1Y: 1.49%
• 3Y*: 21.48%
• 5Y*: -28.96%
• 10Y*: -8.33%

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%

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

TREE vs. DBE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TREE LendingTree, Inc.	-32.15%	37.01%	27.80%	42.15%	-82.60%	-55.22%	-9.77%	38.20%	-35.51%	235.92%
DBE Invesco DB Energy Fund	83.68%	-2.17%	2.96%	-12.14%	33.77%	57.56%	-25.91%	19.72%	-12.95%	5.21%

Correlation

The correlation between TREE and DBE is -0.14, 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	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Aug 13, 2008	0.12

The correlation between TREE and DBE shifts across timeframes, from -0.14 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TREE vs. DBE — Risk / Return Rank

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

TREE

TREE Risk / Return Rank: 42
TREE Sharpe Ratio Rank: 42
TREE Sortino Ratio Rank: 43
TREE Omega Ratio Rank: 43
TREE Calmar Ratio Rank: 41
TREE Martin Ratio Rank: 40

DBE

DBE Risk / Return Rank: 71
DBE Sharpe Ratio Rank: 74
DBE Sortino Ratio Rank: 63
DBE Omega Ratio Rank: 65
DBE Calmar Ratio Rank: 91
DBE Martin Ratio Rank: 63

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.

TREE vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LendingTree, Inc. (TREE) 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.

	TREE	DBE	Difference
Sharpe ratio: Return per unit of total volatility	0.02	2.43	-2.41
Sortino ratio: Return per unit of downside risk	0.54	2.96	-2.42
Omega ratio: Gain probability vs. loss probability	1.07	1.40	-0.33
Calmar ratio: Return relative to maximum drawdown	0.03	5.89	-5.86
Martin ratio: Return relative to average drawdown	0.05	11.53	-11.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TREE vs. DBE - Sharpe Ratio Comparison

The current TREE Sharpe Ratio is 0.02, which is lower than the DBE Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of TREE 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.

Sharpe Ratios by Period

	TREE	DBE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.02	2.43	-2.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.39	0.67	-1.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.13	0.43	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.09	+0.06

Drawdowns

TREE vs. DBE - Drawdown Comparison

The maximum TREE drawdown since its inception was -97.59%, which is greater than DBE's maximum drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for TREE and DBE.

Drawdown Indicators

	TREE	DBE	Difference
Max Drawdown Largest peak-to-trough decline	-97.59%	-86.69%	-10.90%
Max Drawdown (1Y) Largest decline over 1 year	-56.55%	-14.41%	-42.14%
Max Drawdown (3Y) Largest decline over 3 years	-62.85%	-23.89%	-38.96%
Max Drawdown (5Y) Largest decline over 5 years	-95.38%	-38.74%	-56.64%
Max Drawdown (10Y) Largest decline over 10 years	-97.59%	-60.84%	-36.75%
Current Drawdown Current decline from peak	-91.69%	-30.27%	-61.42%
Average Drawdown Average peak-to-trough decline	-43.85%	-57.31%	+13.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.78%	7.35%	+23.43%

Volatility

TREE vs. DBE - Volatility Comparison

LendingTree, Inc. (TREE) has a higher volatility of 14.09% compared to Invesco DB Energy Fund (DBE) at 12.95%. This indicates that TREE's price experiences larger fluctuations and is considered to be riskier than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TREE	DBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.09%	12.95%	+1.14%
Volatility (6M) Calculated over the trailing 6-month period	55.03%	30.86%	+24.17%
Volatility (1Y) Calculated over the trailing 1-year period	68.02%	34.97%	+33.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.08%	29.39%	+44.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.38%	28.33%	+36.05%

Dividends

TREE vs. DBE - Dividend Comparison

TREE has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.10%.

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%
TREE LendingTree, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TREE and DBE in my portfolio?

TREE and DBE have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TREE or DBE?

TREE has higher volatility (14.09%) compared to DBE (12.95%). In terms of maximum drawdown, TREE dropped -97.59% vs DBE's -86.69%.

Which has better risk-adjusted returns?

DBE currently has the higher Sharpe Ratio (2.43 vs 0.02), 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.