TUA vs. DBE
TUA (Simplify Short Term Treasury Futures Strategy ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - TUA is a Intermediate Core Bond fund actively managed by Simplify, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. TUA is actively managed, while DBE is passively managed. Over the past 3 years, TUA returned -0.77%/yr vs 22.41%/yr for DBE. At a correlation of -0.19, they often move in opposite directions. TUA charges 0.16%/yr vs 0.78%/yr for DBE.
Performance
TUA vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, TUA achieves a -4.96% return, which is significantly lower than DBE's 79.04% return.
TUA
- 1D
- 0.44%
- 1M
- -0.67%
- YTD
- -4.96%
- 6M
- -4.51%
- 1Y
- -2.21%
- 3Y*
- -0.77%
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- -2.52%
- 1M
- -6.01%
- YTD
- 79.04%
- 6M
- 69.31%
- 1Y
- 81.31%
- 3Y*
- 22.41%
- 5Y*
- 19.05%
- 10Y*
- 11.58%
TUA vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TUA Simplify Short Term Treasury Futures Strategy ETF | -4.96% | 7.27% | -3.59% | -2.04% | -0.81% |
DBE Invesco DB Energy Fund | 79.04% | -2.17% | 2.96% | -12.14% | -8.61% |
Correlation
The correlation between TUA and DBE is -0.37, 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 | -0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2022 | -0.19 |
The correlation between TUA and DBE shifts across timeframes, from -0.37 (1 year) to -0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TUA vs. DBE — Risk / Return Rank
TUA
DBE
TUA vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Short Term Treasury Futures Strategy ETF (TUA) 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.
| TUA | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.66 | ||
| Sortino ratioReturn per unit of downside risk | -3.29 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.39 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 5.67 | -6.01 |
| Martin ratioReturn relative to average drawdown | -0.87 | 11.08 | -11.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TUA | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.33 | 2.33 | -2.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.09 | -0.21 |
Drawdowns
TUA vs. DBE - Drawdown Comparison
The maximum TUA drawdown since its inception was -15.85%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for TUA and DBE.
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Drawdown Indicators
| TUA | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.85% | -86.69% | +70.84% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -14.41% | +7.73% |
Max Drawdown (3Y)Largest decline over 3 years | -9.14% | -23.89% | +14.75% |
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 | -9.65% | -32.03% | +22.38% |
Average DrawdownAverage peak-to-trough decline | -8.37% | -57.30% | +48.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 7.37% | -4.81% |
Volatility
TUA vs. DBE - Volatility Comparison
The current volatility for Simplify Short Term Treasury Futures Strategy ETF (TUA) is 2.00%, while Invesco DB Energy Fund (DBE) has a volatility of 13.05%. This indicates that TUA 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
| TUA | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 13.05% | -11.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.85% | 30.97% | -26.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.86% | 35.07% | -28.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.76% | 29.41% | -18.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.76% | 28.34% | -17.58% |
TUA vs. DBE - Expense Ratio Comparison
TUA has a 0.16% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
TUA vs. DBE - Dividend Comparison
TUA's dividend yield for the trailing twelve months is around 3.54%, 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% |
TUA Simplify Short Term Treasury Futures Strategy ETF | 3.54% | 3.84% | 5.19% | 4.83% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TUA and DBE have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (13.05%) compared to TUA (2.00%). In terms of maximum drawdown, TUA dropped -15.85% vs DBE's -86.69%.
On 3-year performance, DBE leads with 22.41% vs -0.77% for TUA. On fees, TUA is cheaper at 0.16% per year. On volatility, TUA has been the lower-risk option at 2.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DBE has performed better with a 22.41% return vs -0.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TUA is cheaper with a 0.16% expense ratio, compared with 0.78% for DBE.
TUA has the higher dividend yield at 3.54%, compared with 2.16% for DBE.
TUA is categorized as Intermediate Core Bond, while DBE is Oil & Gas. They also come from different issuers: Simplify and Invesco. Their fees differ too: 0.16% for TUA and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.33 vs -0.33), 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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