XLCI vs. DBO
XLCI (State Street Communication Services Select Sector SPDR Premium Income ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - XLCI is a Derivative Income fund actively managed by State Street, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. XLCI is actively managed, while DBO is passively managed. Over the past year, XLCI returned 4.28% vs 60.30% for DBO. Their -0.19 correlation means they have often moved in opposite directions in the past. XLCI charges 0.35%/yr vs 0.78%/yr for DBO.
Performance
XLCI vs. DBO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XLCI achieves a -2.58% return, which is significantly lower than DBO's 76.48% return.
XLCI
- 1D
- 1.54%
- 1M
- -0.56%
- 6M
- -4.49%
- YTD
- -2.58%
- 1Y
- 4.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.98%
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 | |
| $102.51K | $79.36K | $72.31K |
XLCI vs. DBO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLCI State Street Communication Services Select Sector SPDR Premium Income ETF | -2.58% | 6.73% |
DBO Invesco DB Oil Fund | 76.48% | -12.62% |
Correlation
The correlation between XLCI and DBO is -0.18, 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. | -0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | -0.19 |
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
XLCI vs. DBO — Risk / Return Rank
XLCI
DBO
XLCI vs. DBO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Communication Services Select Sector SPDR Premium Income ETF (XLCI) 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.
| XLCI | DBO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.25 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 2.01 | -1.59 |
| Martin ratioReturn relative to average drawdown | 1.23 | 6.09 | -4.86 |
Loading charts...
Drawdowns
XLCI vs. DBO - Drawdown Comparison
The maximum XLCI drawdown since its inception was -8.44%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for XLCI and DBO.
Loading charts...
Drawdown Indicators
| XLCI | DBO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.44% | -90.18% | +81.74% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -27.73% | +19.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.20% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.69% | — |
Current DrawdownCurrent decline from peak | -5.54% | -53.56% | +48.02% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -62.20% | +60.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 9.96% | -7.10% |
Volatility
XLCI vs. DBO - Volatility Comparison
The current volatility for State Street Communication Services Select Sector SPDR Premium Income ETF (XLCI) is 5.62%, while Invesco DB Oil Fund (DBO) has a volatility of 17.75%. This indicates that XLCI 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
| XLCI | DBO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 17.75% | -12.13% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 33.77% | -23.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.32% | 38.53% | -26.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.29% | 33.35% | -21.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.29% | 32.20% | -19.91% |
XLCI vs. DBO - Expense Ratio Comparison
XLCI has a 0.35% expense ratio, which is lower than DBO's 0.78% expense ratio.
Dividends
XLCI vs. DBO - Dividend Comparison
XLCI's dividend yield for the trailing twelve months is around 11.73%, 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% |
XLCI State Street Communication Services Select Sector SPDR Premium Income ETF | 11.73% | 5.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XLCI and DBO have a correlation of -0.18, 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 XLCI (5.62%). In terms of maximum drawdown, XLCI dropped -8.44% vs DBO's -90.18%.
On 1-year performance, DBO leads with 60.30% vs 4.28% for XLCI. On fees, XLCI is cheaper at 0.35% per year. On volatility, XLCI has been the lower-risk option at 5.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBO has performed better with a 60.30% return vs 4.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLCI is cheaper with a 0.35% expense ratio, compared with 0.78% for DBO.
XLCI has the higher dividend yield at 11.73%, compared with 1.99% for DBO.
XLCI is categorized as Derivative Income, while DBO is Oil & Gas. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.35% for XLCI and 0.78% for DBO.
DBO currently has the higher Sharpe Ratio (1.45 vs 0.29), 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 XLCI 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