WEED vs. DBE
WEED (Roundhill Cannabis ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - WEED is a Cannabis fund actively managed by Roundhill, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. WEED is actively managed, while DBE is passively managed. Over the past 3 years, WEED returned 1.57%/yr vs 22.41%/yr for DBE. At a 0.04 correlation, their price movements are largely independent. WEED charges 0.40%/yr vs 0.78%/yr for DBE.
Performance
WEED vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, WEED achieves a 12.74% return, which is significantly lower than DBE's 79.04% return.
WEED
- 1D
- 7.94%
- 1M
- 0.55%
- YTD
- 12.74%
- 6M
- 32.27%
- 1Y
- 119.81%
- 3Y*
- 1.57%
- 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%
WEED vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WEED Roundhill Cannabis ETF | 12.74% | 19.40% | -44.93% | 0.87% | -60.22% |
DBE Invesco DB Energy Fund | 79.04% | -2.17% | 2.96% | -12.14% | -8.61% |
Correlation
The correlation between WEED and DBE is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2022 | 0.04 |
The correlation between WEED and DBE shifts across timeframes, from -0.11 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WEED vs. DBE — Risk / Return Rank
WEED
DBE
WEED vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Cannabis ETF (WEED) 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.
| WEED | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.39 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 5.67 | -3.44 |
| Martin ratioReturn relative to average drawdown | 4.18 | 11.08 | -6.89 |
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
| WEED | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 2.33 | -1.26 |
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 | -0.31 | 0.09 | -0.40 |
Drawdowns
WEED vs. DBE - Drawdown Comparison
The maximum WEED drawdown since its inception was -88.07%, roughly equal to the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for WEED and DBE.
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Drawdown Indicators
| WEED | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.07% | -86.69% | -1.38% |
Max Drawdown (1Y)Largest decline over 1 year | -54.01% | -14.41% | -39.60% |
Max Drawdown (3Y)Largest decline over 3 years | -81.50% | -23.89% | -57.61% |
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 | -70.26% | -32.03% | -38.23% |
Average DrawdownAverage peak-to-trough decline | -62.74% | -57.30% | -5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.76% | 7.37% | +21.39% |
Volatility
WEED vs. DBE - Volatility Comparison
Roundhill Cannabis ETF (WEED) has a higher volatility of 20.77% compared to Invesco DB Energy Fund (DBE) at 13.05%. This indicates that WEED'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
| WEED | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.77% | 13.05% | +7.72% |
Volatility (6M)Calculated over the trailing 6-month period | 81.04% | 30.97% | +50.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 112.86% | 35.07% | +77.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.67% | 29.41% | +53.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.67% | 28.34% | +54.33% |
WEED vs. DBE - Expense Ratio Comparison
WEED has a 0.40% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
WEED vs. DBE - Dividend Comparison
WEED has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.16%.
| 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% |
WEED Roundhill Cannabis ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WEED and DBE have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEED has higher volatility (20.77%) compared to DBE (13.05%). In terms of maximum drawdown, WEED dropped -88.07% vs DBE's -86.69%.
On 3-year performance, DBE leads with 22.41% vs 1.57% for WEED. On fees, WEED is cheaper at 0.40% 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 3-year period, DBE has performed better with a 22.41% return vs 1.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WEED is cheaper with a 0.40% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.16%, compared with 0.00% for WEED.
WEED is categorized as Cannabis, while DBE is Oil & Gas. They also come from different issuers: Roundhill and Invesco. Their fees differ too: 0.40% for WEED and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.33 vs 1.07), 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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