TYLG vs. DBO

Last updated Jun 4, 2026

TYLG (Global X Information Technology Covered Call & Growth ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - TYLG is a Derivative Income fund tracking the Cboe S&P Technology Select Sector Half BuyWrite Index - Benchmark TR Gross, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. Both are passively managed. Over the past 3 years, TYLG returned 24.91%/yr vs 21.86%/yr for DBO. At a 0.01 correlation, their price movements are largely independent. TYLG charges 0.60%/yr vs 0.78%/yr for DBO.

Performance

TYLG vs. DBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Information Technology Covered Call & Growth ETF (TYLG) 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, TYLG achieves a 24.03% return, which is significantly lower than DBO's 84.75% return.

TYLG

• 1D: -0.43%
• 1M: 12.68%
• YTD: 24.03%
• 6M: 25.00%
• 1Y: 48.51%
• 3Y*: 24.91%
• 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)

TYLG vs. DBO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TYLG Global X Information Technology Covered Call & Growth ETF	24.03%	16.84%	20.57%	41.56%	-3.64%
DBO Invesco DB Oil Fund	84.75%	-11.71%	7.85%	-4.44%	-3.61%

Correlation

The correlation between TYLG and DBO is -0.20, 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	-0.20
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Nov 23, 2022	0.01

The correlation between TYLG and DBO shifts across timeframes, from -0.20 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.

TYLG vs. DBO - Sectors Allocation Comparison

Sectors	TYLG	DBO
Financial Services	54.4%	116.0%
Technology	47.9%	-
Energy	0.1%	-
Industrials	0.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

TYLG vs. DBO — Risk / Return Rank

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

TYLG

TYLG Risk / Return Rank: 88
TYLG Sharpe Ratio Rank: 90
TYLG Sortino Ratio Rank: 87
TYLG Omega Ratio Rank: 87
TYLG Calmar Ratio Rank: 86
TYLG Martin Ratio Rank: 88

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.

TYLG vs. DBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Information Technology Covered Call & Growth ETF (TYLG) 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.

	TYLG	DBO	Difference
Sharpe ratio: Return per unit of total volatility	3.14	2.34	+0.80
Sortino ratio: Return per unit of downside risk	4.01	2.94	+1.08
Omega ratio: Gain probability vs. loss probability	1.55	1.38	+0.17
Calmar ratio: Return relative to maximum drawdown	4.83	4.44	+0.40
Martin ratio: Return relative to average drawdown	19.36	9.02	+10.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TYLG vs. DBO - Sharpe Ratio Comparison

The current TYLG Sharpe Ratio is 3.14, which is higher than the DBO Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of TYLG 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

	TYLG	DBO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.14	2.34	+0.80
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	1.47	0.02	+1.45

Drawdowns

TYLG vs. DBO - Drawdown Comparison

The maximum TYLG drawdown since its inception was -24.01%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for TYLG and DBO.

Drawdown Indicators

	TYLG	DBO	Difference
Max Drawdown Largest peak-to-trough decline	-24.01%	-90.18%	+66.17%
Max Drawdown (1Y) Largest decline over 1 year	-10.09%	-18.19%	+8.10%
Max Drawdown (3Y) Largest decline over 3 years	-24.01%	-28.20%	+4.19%
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	-0.43%	-51.38%	+50.95%
Average Drawdown Average peak-to-trough decline	-2.73%	-62.25%	+59.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	8.92%	-6.41%

Volatility

TYLG vs. DBO - Volatility Comparison

The current volatility for Global X Information Technology Covered Call & Growth ETF (TYLG) is 4.45%, while Invesco DB Oil Fund (DBO) has a volatility of 12.61%. This indicates that TYLG 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

	TYLG	DBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	12.61%	-8.16%
Volatility (6M) Calculated over the trailing 6-month period	12.70%	28.20%	-15.50%
Volatility (1Y) Calculated over the trailing 1-year period	15.54%	34.46%	-18.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.17%	32.29%	-13.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.17%	31.78%	-12.61%

TYLG vs. DBO - Expense Ratio Comparison

TYLG has a 0.60% expense ratio, which is lower than DBO's 0.78% expense ratio.

Dividends

TYLG vs. DBO - Dividend Comparison

TYLG's dividend yield for the trailing twelve months is around 7.47%, more 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%
TYLG Global X Information Technology Covered Call & Growth ETF	7.47%	7.66%	7.24%	11.89%	0.51%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TYLG and DBO in my portfolio?

TYLG and DBO have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TYLG or DBO?

DBO has higher volatility (12.61%) compared to TYLG (4.45%). In terms of maximum drawdown, TYLG dropped -24.01% vs DBO's -90.18%.

Which ETF is better, TYLG or DBO?

On 3-year performance, TYLG leads with 24.91% vs 21.86% for DBO. On fees, TYLG is cheaper at 0.60% per year. On volatility, TYLG has been the lower-risk option at 4.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TYLG or DBO?

Over the 3-year period, TYLG has performed better with a 24.91% return vs 21.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TYLG or DBO?

TYLG is cheaper with a 0.60% expense ratio, compared with 0.78% for DBO.

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

TYLG has the higher dividend yield at 7.47%, compared with 1.90% for DBO.

What is the main difference between TYLG and DBO?

TYLG is categorized as Derivative Income, while DBO is Oil & Gas. TYLG tracks Cboe S&P Technology Select Sector Half BuyWrite Index - Benchmark TR Gross, while DBO tracks DBIQ Optimum Yield Crude Oil Index Excess Return. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.60% for TYLG and 0.78% for DBO.

Which has better risk-adjusted returns?

TYLG currently has the higher Sharpe Ratio (3.14 vs 2.34), 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.