WBIL vs. DBE
WBIL (WBI BullBear Quality 3000 ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - WBIL is a Global Equities fund actively managed by WBI, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. WBIL is actively managed, while DBE is passively managed. Over the past 10 years, WBIL returned 6.93%/yr vs 10.15%/yr for DBE. At a 0.16 correlation, their price movements are largely independent. WBIL charges 1.23%/yr vs 0.78%/yr for DBE.
Performance
WBIL vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, WBIL achieves a 12.59% return, which is significantly lower than DBE's 52.65% return. Over the past 10 years, WBIL has underperformed DBE with an annualized return of 6.93%, while DBE has yielded a comparatively higher 10.15% annualized return.
WBIL
- 1D
- 0.02%
- 1M
- 0.88%
- YTD
- 12.59%
- 6M
- 10.68%
- 1Y
- 23.27%
- 3Y*
- 11.37%
- 5Y*
- 5.75%
- 10Y*
- 6.93%
DBE
- 1D
- 2.54%
- 1M
- -14.00%
- YTD
- 52.65%
- 6M
- 50.37%
- 1Y
- 48.29%
- 3Y*
- 16.21%
- 5Y*
- 14.49%
- 10Y*
- 10.15%
WBIL vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WBIL WBI BullBear Quality 3000 ETF | 12.59% | -0.47% | 13.29% | 11.79% | -9.60% | 18.67% | -2.19% | 11.65% | -9.67% | 19.31% |
DBE Invesco DB Energy Fund | 52.65% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between WBIL and DBE is -0.21, 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 | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2014 | 0.16 |
The correlation between WBIL and DBE shifts across timeframes, from -0.21 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WBIL vs. DBE — Risk / Return Rank
WBIL
DBE
WBIL vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WBI BullBear Quality 3000 ETF (WBIL) 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.
| WBIL | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.03 | +0.34 |
| Martin ratioReturn relative to average drawdown | 9.81 | 7.21 | +2.60 |
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Drawdowns
WBIL vs. DBE - Drawdown Comparison
The maximum WBIL drawdown since its inception was -25.30%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for WBIL and DBE.
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Drawdown Indicators
| WBIL | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.30% | -86.69% | +61.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.85% | -23.89% | +14.04% |
Max Drawdown (3Y)Largest decline over 3 years | -25.30% | -23.89% | -1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -25.30% | -38.74% | +13.44% |
Max Drawdown (10Y)Largest decline over 10 years | -25.30% | -60.84% | +35.54% |
Current DrawdownCurrent decline from peak | -4.06% | -42.05% | +37.99% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -57.23% | +50.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 6.72% | -4.34% |
Volatility
WBIL vs. DBE - Volatility Comparison
The current volatility for WBI BullBear Quality 3000 ETF (WBIL) is 6.91%, while Invesco DB Energy Fund (DBE) has a volatility of 9.93%. This indicates that WBIL 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
| WBIL | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 9.93% | -3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.03% | 31.70% | -19.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.36% | 34.79% | -19.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.89% | 29.64% | -15.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.78% | 28.36% | -15.58% |
WBIL vs. DBE - Expense Ratio Comparison
WBIL has a 1.23% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
WBIL vs. DBE - Dividend Comparison
WBIL's dividend yield for the trailing twelve months is around 0.04%, less than DBE's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.53% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% | 0.00% |
WBIL WBI BullBear Quality 3000 ETF | 0.04% | 0.05% | 0.07% | 0.29% | 1.03% | 2.02% | 0.19% | 0.73% | 0.75% | 0.83% | 0.58% | 0.20% |
Frequently Asked Questions
WBIL and DBE have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (9.93%) compared to WBIL (6.91%). In terms of maximum drawdown, WBIL dropped -25.30% vs DBE's -86.69%.
On 10-year performance, DBE leads with 10.15% vs 6.93% for WBIL. On fees, DBE is cheaper at 0.78% per year. On volatility, WBIL has been the lower-risk option at 6.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBE has performed better with a 10.15% return vs 6.93%. 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 1.23% for WBIL.
DBE has the higher dividend yield at 2.53%, compared with 0.04% for WBIL.
WBIL is categorized as Global Equities, while DBE is Oil & Gas. They also come from different issuers: WBI and Invesco. Their fees differ too: 1.23% for WBIL and 0.78% for DBE.
WBIL currently has the higher Sharpe Ratio (1.52 vs 1.39), 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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