WDNA vs. DBO
WDNA (WisdomTree BioRevolution Fund) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - WDNA is a Health & Biotech Equities fund tracking the WisdomTree BioRevolution Index, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. Both are passively managed. Over the past 5 years, WDNA returned -4.37%/yr vs 13.46%/yr for DBO. Their 0.02 correlation means their historical movements had little consistent relationship. WDNA charges 0.45%/yr vs 0.78%/yr for DBO.
Performance
WDNA vs. DBO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WDNA achieves a 15.26% return, which is significantly lower than DBO's 76.48% return.
WDNA
- 1D
- -2.29%
- 1M
- -7.98%
- 6M
- 8.18%
- YTD
- 15.26%
- 1Y
- 47.46%
- 3Y*
- 4.46%
- 5Y*
- -4.37%
- 10Y*
- —
- ALL TIME*
- -3.49%
DBO
- 1D
- 1.56%
- 1M
- 24.59%
- 6M
- 53.46%
- YTD
- 76.48%
- 1Y
- 60.30%
- 3Y*
- 14.86%
- 5Y*
- 13.46%
- 10Y*
- 12.59%
- ALL TIME*
- 0.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.01M | $10.23M | $13.95M | |
| $25.97K | $30.05K | $24.07K |
WDNA vs. DBO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WDNA WisdomTree BioRevolution Fund | 15.26% | 22.68% | -14.18% | -2.07% | -26.29% | -4.92% |
DBO Invesco DB Oil Fund | 76.48% | -11.71% | 7.85% | -4.44% | 13.04% | 11.16% |
Correlation
The correlation between WDNA and DBO is -0.24, 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. | -0.24 |
Correlation (3Y) Balances recent behavior with more history. | -0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2021 | 0.02 |
The correlation between WDNA and DBO shifts across timeframes, from -0.24 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WDNA vs. DBO — Risk / Return Rank
WDNA
DBO
WDNA vs. DBO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree BioRevolution Fund (WDNA) 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.
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.
| WDNA | DBO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 2.01 | +2.00 |
| Martin ratioReturn relative to average drawdown | 9.29 | 6.09 | +3.20 |
Loading charts...
Drawdowns
WDNA vs. DBO - Drawdown Comparison
The maximum WDNA drawdown since its inception was -58.87%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for WDNA and DBO.
Loading charts...
Drawdown Indicators
| WDNA | DBO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.87% | -90.18% | +31.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.70% | -27.73% | +16.03% |
Max Drawdown (3Y)Largest decline over 3 years | -36.65% | -28.20% | -8.45% |
Max Drawdown (5Y)Largest decline over 5 years | -58.87% | -37.68% | -21.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.69% | — |
Current DrawdownCurrent decline from peak | -25.81% | -53.56% | +27.75% |
Average DrawdownAverage peak-to-trough decline | -35.30% | -62.20% | +26.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.03% | 9.96% | -4.93% |
Volatility
WDNA vs. DBO - Volatility Comparison
The current volatility for WisdomTree BioRevolution Fund (WDNA) is 7.04%, while Invesco DB Oil Fund (DBO) has a volatility of 17.75%. This indicates that WDNA 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.
Loading charts...
Volatility by Period
| WDNA | DBO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.04% | 17.75% | -10.71% |
Volatility (6M)Calculated over the trailing 6-month period | 17.23% | 33.77% | -16.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.54% | 38.53% | -12.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.26% | 33.35% | -8.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.04% | 32.20% | -7.16% |
WDNA vs. DBO - Expense Ratio Comparison
WDNA has a 0.45% expense ratio, which is lower than DBO's 0.78% expense ratio.
Dividends
WDNA vs. DBO - Dividend Comparison
WDNA's dividend yield for the trailing twelve months is around 3.96%, more than DBO's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBO Invesco DB Oil Fund | 1.99% | 3.51% | 4.68% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.58% |
WDNA WisdomTree BioRevolution Fund | 3.96% | 4.57% | 0.75% | 0.80% | 0.38% | 0.10% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WDNA and DBO have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBO has higher volatility (17.75%) compared to WDNA (7.04%). In terms of maximum drawdown, WDNA dropped -58.87% vs DBO's -90.18%.
On 5-year performance, DBO leads with 13.46% vs -4.37% for WDNA. On fees, WDNA is cheaper at 0.45% per year. On volatility, WDNA has been the lower-risk option at 7.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBO has performed better with a 13.46% return vs -4.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WDNA is cheaper with a 0.45% expense ratio, compared with 0.78% for DBO.
WDNA has the higher dividend yield at 3.96%, compared with 1.99% for DBO.
WDNA is categorized as Health & Biotech Equities, while DBO is Oil & Gas. WDNA tracks WisdomTree BioRevolution Index, while DBO tracks DBIQ Optimum Yield Crude Oil Index Excess Return. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.45% for WDNA and 0.78% for DBO.
WDNA currently has the higher Sharpe Ratio (1.84 vs 1.45), 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.
Find the right allocation for WDNA and DBO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer