URAA vs. DBE
URAA (Direxion Daily Uranium Industry Bull 2X Shares) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - URAA is a Leveraged Equities fund tracking the Solactive United States Uranium and Nuclear Energy ETF Select Index (200%), while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past year, URAA returned 69.53% vs 81.31% for DBE. At a correlation of -0.01, they often move in opposite directions. URAA charges 1.28%/yr vs 0.78%/yr for DBE.
Performance
URAA vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, URAA achieves a 10.16% return, which is significantly lower than DBE's 79.04% return.
URAA
- 1D
- -1.33%
- 1M
- -16.02%
- YTD
- 10.16%
- 6M
- -9.50%
- 1Y
- 69.53%
- 3Y*
- —
- 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%
URAA vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
URAA Direxion Daily Uranium Industry Bull 2X Shares | 10.16% | 88.33% | -26.53% |
DBE Invesco DB Energy Fund | 79.04% | -2.17% | -5.38% |
Correlation
The correlation between URAA and DBE is -0.16, 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 | -0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024 | -0.01 |
The correlation between URAA and DBE shifts across timeframes, from -0.16 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
URAA vs. DBE — Risk / Return Rank
URAA
DBE
URAA vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Uranium Industry Bull 2X Shares (URAA) 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.
| URAA | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.39 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 5.67 | -4.27 |
| Martin ratioReturn relative to average drawdown | 2.57 | 11.08 | -8.51 |
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
| URAA | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 2.33 | -1.59 |
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 | 0.28 | 0.09 | +0.19 |
Drawdowns
URAA vs. DBE - Drawdown Comparison
The maximum URAA drawdown since its inception was -67.45%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for URAA and DBE.
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Drawdown Indicators
| URAA | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.45% | -86.69% | +19.24% |
Max Drawdown (1Y)Largest decline over 1 year | -49.91% | -14.41% | -35.50% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.89% | — |
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 | -44.53% | -32.03% | -12.50% |
Average DrawdownAverage peak-to-trough decline | -27.30% | -57.30% | +30.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.19% | 7.37% | +19.82% |
Volatility
URAA vs. DBE - Volatility Comparison
Direxion Daily Uranium Industry Bull 2X Shares (URAA) has a higher volatility of 28.36% compared to Invesco DB Energy Fund (DBE) at 13.05%. This indicates that URAA'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
| URAA | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.36% | 13.05% | +15.31% |
Volatility (6M)Calculated over the trailing 6-month period | 72.56% | 30.97% | +41.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 94.12% | 35.07% | +59.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.87% | 29.41% | +59.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.87% | 28.34% | +60.53% |
URAA vs. DBE - Expense Ratio Comparison
URAA has a 1.28% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
URAA vs. DBE - Dividend Comparison
URAA's dividend yield for the trailing twelve months is around 9.24%, 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% |
URAA Direxion Daily Uranium Industry Bull 2X Shares | 9.24% | 9.14% | 4.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
URAA 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.
URAA has higher volatility (28.36%) compared to DBE (13.05%). In terms of maximum drawdown, URAA dropped -67.45% vs DBE's -86.69%.
On 1-year performance, DBE leads with 81.31% vs 69.53% for URAA. On fees, DBE is cheaper at 0.78% per year. On volatility, DBE has been the lower-risk option at 13.05%. 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 81.31% return vs 69.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 1.28% for URAA.
URAA has the higher dividend yield at 9.24%, compared with 2.16% for DBE.
URAA is categorized as Leveraged Equities, while DBE is Oil & Gas. URAA tracks Solactive United States Uranium and Nuclear Energy ETF Select Index (200%), while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 1.28% for URAA and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.33 vs 0.74), 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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