WOOD vs. DBE
WOOD (iShares Global Timber & Forestry ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - WOOD is a Materials fund tracking the S&P Global Timber & Forestry Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, WOOD returned 5.67%/yr vs 11.45%/yr for DBE. At a 0.30 correlation, their price movements are largely independent. WOOD charges 0.46%/yr vs 0.78%/yr for DBE.
Performance
WOOD vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, WOOD achieves a -3.36% return, which is significantly lower than DBE's 68.39% return. Over the past 10 years, WOOD has underperformed DBE with an annualized return of 5.67%, while DBE has yielded a comparatively higher 11.45% annualized return.
WOOD
- 1D
- 1.08%
- 1M
- 1.17%
- 6M
- -9.34%
- YTD
- -3.36%
- 1Y
- -4.61%
- 3Y*
- -0.61%
- 5Y*
- -2.45%
- 10Y*
- 5.67%
DBE
- 1D
- -1.09%
- 1M
- 6.25%
- 6M
- 65.69%
- YTD
- 68.39%
- 1Y
- 57.64%
- 3Y*
- 17.96%
- 5Y*
- 17.10%
- 10Y*
- 11.45%
WOOD vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WOOD iShares Global Timber & Forestry ETF | -3.36% | -3.27% | -4.21% | 13.84% | -19.39% | 17.03% | 20.36% | 19.75% | -17.73% | 34.49% |
DBE Invesco DB Energy Fund | 68.39% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between WOOD and DBE is -0.29, 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 | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2008 | 0.30 |
The correlation between WOOD and DBE shifts across timeframes, from -0.29 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WOOD vs. DBE — Risk / Return Rank
WOOD
DBE
WOOD vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Timber & Forestry ETF (WOOD) 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.
| WOOD | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.28 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 2.34 | -2.56 |
| Martin ratioReturn relative to average drawdown | -0.42 | 7.00 | -7.42 |
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Drawdowns
WOOD vs. DBE - Drawdown Comparison
The maximum WOOD drawdown since its inception was -63.25%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for WOOD and DBE.
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Drawdown Indicators
| WOOD | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.25% | -86.69% | +23.44% |
Max Drawdown (1Y)Largest decline over 1 year | -21.64% | -24.72% | +3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -22.79% | -24.72% | +1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -30.71% | -38.74% | +8.03% |
Max Drawdown (10Y)Largest decline over 10 years | -50.20% | -60.84% | +10.64% |
Current DrawdownCurrent decline from peak | -21.39% | -36.07% | +14.68% |
Average DrawdownAverage peak-to-trough decline | -14.82% | -57.19% | +42.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.08% | 8.26% | +2.82% |
Volatility
WOOD vs. DBE - Volatility Comparison
The current volatility for iShares Global Timber & Forestry ETF (WOOD) is 4.88%, while Invesco DB Energy Fund (DBE) has a volatility of 11.68%. This indicates that WOOD 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
| WOOD | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 11.68% | -6.80% |
Volatility (6M)Calculated over the trailing 6-month period | 14.36% | 32.70% | -18.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.70% | 35.99% | -17.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.73% | 29.88% | -10.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.71% | 28.39% | -6.68% |
WOOD vs. DBE - Expense Ratio Comparison
WOOD has a 0.46% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
WOOD vs. DBE - Dividend Comparison
WOOD's dividend yield for the trailing twelve months is around 2.44%, more than DBE's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.29% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% | 0.00% |
WOOD iShares Global Timber & Forestry ETF | 2.44% | 2.51% | 2.09% | 1.64% | 2.26% | 1.24% | 0.98% | 1.85% | 2.82% | 1.19% | 1.65% | 2.04% |
Frequently Asked Questions
WOOD and DBE have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (11.68%) compared to WOOD (4.88%). In terms of maximum drawdown, WOOD dropped -63.25% vs DBE's -86.69%.
On 10-year performance, DBE leads with 11.45% vs 5.67% for WOOD. On fees, WOOD is cheaper at 0.46% per year. On volatility, WOOD has been the lower-risk option at 4.88%. 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 11.45% return vs 5.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WOOD is cheaper with a 0.46% expense ratio, compared with 0.78% for DBE.
WOOD has the higher dividend yield at 2.44%, compared with 2.29% for DBE.
WOOD is categorized as Materials, while DBE is Oil & Gas. WOOD tracks S&P Global Timber & Forestry Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.46% for WOOD and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.61 vs -0.25), 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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