TSLG vs. DBE
TSLG (Leverage Shares 2X Long TSLA Daily ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - TSLG is a Leveraged Equities fund actively managed by Leverage Shares, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. TSLG is actively managed, while DBE is passively managed. Over the past year, TSLG returned -25.02% vs 68.62% for DBE. Their -0.03 correlation means they have often moved in opposite directions in the past. TSLG charges 0.75%/yr vs 0.78%/yr for DBE.
Performance
TSLG vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, TSLG achieves a -61.16% return, which is significantly lower than DBE's 78.87% return.
TSLG
- 1D
- 1.40%
- 1M
- -40.66%
- 6M
- -56.70%
- YTD
- -61.16%
- 1Y
- -25.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -58.09%
DBE
- 1D
- 1.13%
- 1M
- 21.13%
- 6M
- 53.89%
- YTD
- 78.87%
- 1Y
- 68.62%
- 3Y*
- 17.16%
- 5Y*
- 17.73%
- 10Y*
- 13.17%
- ALL TIME*
- 2.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.24M | $1.18M | $1.76M | |
| $155.67M | $179.44M | $248.17M |
TSLG vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSLG Leverage Shares 2X Long TSLA Daily ETF | -61.16% | -26.70% | -14.82% |
DBE Invesco DB Energy Fund | 78.87% | -2.17% | 2.64% |
Correlation
The correlation between TSLG and DBE is -0.16, 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. | -0.16 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024 | -0.03 |
The correlation between TSLG and DBE shifts across timeframes, from -0.16 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TSLG vs. DBE — Risk / Return Rank
TSLG
DBE
TSLG vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long TSLA Daily ETF (TSLG) 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.
| TSLG | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.29 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 2.59 | -2.99 |
| Martin ratioReturn relative to average drawdown | -0.88 | 8.14 | -9.02 |
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Drawdowns
TSLG vs. DBE - Drawdown Comparison
The maximum TSLG drawdown since its inception was -82.86%, roughly equal to the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for TSLG and DBE.
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Drawdown Indicators
| TSLG | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.86% | -86.69% | +3.83% |
Max Drawdown (1Y)Largest decline over 1 year | -70.10% | -24.72% | -45.38% |
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 DrawdownCurrent decline from peak | -80.38% | -32.09% | -48.29% |
Average DrawdownAverage peak-to-trough decline | -59.54% | -57.13% | -2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.52% | 8.15% | +23.37% |
Volatility
TSLG vs. DBE - Volatility Comparison
Leverage Shares 2X Long TSLA Daily ETF (TSLG) has a higher volatility of 43.40% compared to Invesco DB Energy Fund (DBE) at 14.12%. This indicates that TSLG'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.
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Volatility by Period
| TSLG | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 43.40% | 14.12% | +29.28% |
Volatility (6M)Calculated over the trailing 6-month period | 70.84% | 33.95% | +36.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.73% | 37.47% | +55.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 116.54% | 30.09% | +86.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 116.54% | 28.58% | +87.96% |
TSLG vs. DBE - Expense Ratio Comparison
TSLG has a 0.75% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
TSLG vs. DBE - Dividend Comparison
TSLG's dividend yield for the trailing twelve months is around 16.86%, more than DBE's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.16% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
TSLG Leverage Shares 2X Long TSLA Daily ETF | 16.86% | 6.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSLG and DBE have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLG has higher volatility (43.40%) compared to DBE (14.12%). In terms of maximum drawdown, TSLG dropped -82.86% vs DBE's -86.69%.
On 1-year performance, DBE leads with 68.62% vs -25.02% for TSLG. On fees, TSLG is cheaper at 0.75% per year. On volatility, DBE has been the lower-risk option at 14.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBE has performed better with a 68.62% return vs -25.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSLG is cheaper with a 0.75% expense ratio, compared with 0.78% for DBE.
TSLG has the higher dividend yield at 16.86%, compared with 2.16% for DBE.
TSLG is categorized as Leveraged Equities, while DBE is Oil & Gas. They also come from different issuers: Leverage Shares and Invesco. Their fees differ too: 0.75% for TSLG and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.71 vs -0.30), 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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