XTAP vs. DBE
XTAP (Innovator U.S. Equity Accelerated Plus ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - XTAP is a Leveraged Equities fund actively managed by Innovator, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. XTAP is actively managed, while DBE is passively managed. Over the past 5 years, XTAP returned 10.83%/yr vs 17.23%/yr for DBE. At a 0.09 correlation, their price movements are largely independent. XTAP charges 0.79%/yr vs 0.78%/yr for DBE.
Performance
XTAP vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, XTAP achieves a 12.05% return, which is significantly lower than DBE's 69.05% return.
XTAP
- 1D
- 0.25%
- 1M
- 1.46%
- 6M
- 11.75%
- YTD
- 12.05%
- 1Y
- 18.71%
- 3Y*
- 16.85%
- 5Y*
- 10.83%
- 10Y*
- —
DBE
- 1D
- 1.79%
- 1M
- 0.60%
- 6M
- 61.38%
- YTD
- 69.05%
- 1Y
- 57.89%
- 3Y*
- 17.83%
- 5Y*
- 17.23%
- 10Y*
- 11.34%
XTAP vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XTAP Innovator U.S. Equity Accelerated Plus ETF | 12.05% | 17.58% | 14.26% | 23.46% | -14.68% | 12.26% |
DBE Invesco DB Energy Fund | 69.05% | -2.17% | 2.96% | -12.14% | 33.77% | 30.78% |
Correlation
The correlation between XTAP and DBE is -0.23, 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 | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.09 |
The correlation between XTAP and DBE shifts across timeframes, from -0.23 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XTAP vs. DBE — Risk / Return Rank
XTAP
DBE
XTAP vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated Plus ETF (XTAP) 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.
| XTAP | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.33 | ||
| Sortino ratioReturn per unit of downside risk | +4.34 | ||
| Omega ratioGain probability vs. loss probability | 2.01 | 1.28 | +0.73 |
| Calmar ratioReturn relative to maximum drawdown | 10.95 | 2.35 | +8.60 |
| Martin ratioReturn relative to average drawdown | 58.10 | 7.10 | +51.00 |
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Drawdowns
XTAP vs. DBE - Drawdown Comparison
The maximum XTAP drawdown since its inception was -22.13%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for XTAP and DBE.
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Drawdown Indicators
| XTAP | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.13% | -86.69% | +64.56% |
Max Drawdown (1Y)Largest decline over 1 year | -1.72% | -24.72% | +23.00% |
Max Drawdown (3Y)Largest decline over 3 years | -11.83% | -24.72% | +12.89% |
Max Drawdown (5Y)Largest decline over 5 years | -22.13% | -38.74% | +16.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -0.02% | -35.82% | +35.80% |
Average DrawdownAverage peak-to-trough decline | -3.39% | -57.19% | +53.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 8.17% | -7.85% |
Volatility
XTAP vs. DBE - Volatility Comparison
The current volatility for Innovator U.S. Equity Accelerated Plus ETF (XTAP) is 1.63%, while Invesco DB Energy Fund (DBE) has a volatility of 12.20%. This indicates that XTAP 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
| XTAP | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 12.20% | -10.57% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 32.74% | -28.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.76% | 35.99% | -31.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.55% | 29.88% | -15.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.29% | 28.40% | -14.11% |
XTAP vs. DBE - Expense Ratio Comparison
XTAP has a 0.79% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
XTAP vs. DBE - Dividend Comparison
XTAP has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.29% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XTAP and DBE have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (12.20%) compared to XTAP (1.63%). In terms of maximum drawdown, XTAP dropped -22.13% vs DBE's -86.69%.
On 5-year performance, DBE leads with 17.23% vs 10.83% for XTAP. On fees, DBE is cheaper at 0.78% per year. On volatility, XTAP has been the lower-risk option at 1.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBE has performed better with a 17.23% return vs 10.83%. 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 0.79% for XTAP.
DBE has the higher dividend yield at 2.29%, compared with 0.00% for XTAP.
XTAP is categorized as Leveraged Equities, while DBE is Oil & Gas. They also come from different issuers: Innovator and Invesco. Their fees differ too: 0.79% for XTAP and 0.78% for DBE.
XTAP currently has the higher Sharpe Ratio (3.95 vs 1.62), 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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