YETH vs. DBE
YETH (Roundhill Ether Covered Call Strategy ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - YETH is a Derivative Income fund actively managed by Roundhill, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. YETH is actively managed, while DBE is passively managed. Over the past year, YETH returned -30.02% vs 84.41% for DBE. At a correlation of -0.01, they often move in opposite directions. YETH charges 0.95%/yr vs 0.78%/yr for DBE.
Performance
YETH vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, YETH achieves a -32.96% return, which is significantly lower than DBE's 83.68% return.
YETH
- 1D
- -5.65%
- 1M
- -21.15%
- YTD
- -32.96%
- 6M
- -31.91%
- 1Y
- -30.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- 2.33%
- 1M
- -5.45%
- YTD
- 83.68%
- 6M
- 74.95%
- 1Y
- 84.41%
- 3Y*
- 23.42%
- 5Y*
- 19.66%
- 10Y*
- 12.03%
YETH vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YETH Roundhill Ether Covered Call Strategy ETF | -32.96% | -32.10% | 24.84% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 7.40% |
Correlation
The correlation between YETH and DBE is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | -0.01 |
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Return for Risk
YETH vs. DBE — Risk / Return Rank
YETH
DBE
YETH vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Ether Covered Call Strategy ETF (YETH) 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.
| YETH | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.96 | ||
| Sortino ratioReturn per unit of downside risk | -3.42 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.40 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 5.89 | -6.43 |
| Martin ratioReturn relative to average drawdown | -0.97 | 11.53 | -12.50 |
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
| YETH | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.53 | 2.43 | -2.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.50 | 0.09 | -0.60 |
Drawdowns
YETH vs. DBE - Drawdown Comparison
The maximum YETH drawdown since its inception was -61.73%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for YETH and DBE.
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Drawdown Indicators
| YETH | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.73% | -86.69% | +24.96% |
Max Drawdown (1Y)Largest decline over 1 year | -55.63% | -14.41% | -41.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.89% | — |
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 | -59.04% | -30.27% | -28.77% |
Average DrawdownAverage peak-to-trough decline | -30.92% | -57.31% | +26.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.92% | 7.35% | +23.57% |
Volatility
YETH vs. DBE - Volatility Comparison
The current volatility for Roundhill Ether Covered Call Strategy ETF (YETH) is 9.54%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that YETH 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
| YETH | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.54% | 12.95% | -3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 38.84% | 30.86% | +7.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.08% | 34.97% | +22.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.42% | 29.39% | +26.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.42% | 28.33% | +27.09% |
YETH vs. DBE - Expense Ratio Comparison
YETH has a 0.95% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
YETH vs. DBE - Dividend Comparison
YETH's dividend yield for the trailing twelve months is around 142.11%, more than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.10% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
YETH Roundhill Ether Covered Call Strategy ETF | 142.11% | 109.12% | 20.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
YETH and DBE have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (12.95%) compared to YETH (9.54%). In terms of maximum drawdown, YETH dropped -61.73% vs DBE's -86.69%.
On 1-year performance, DBE leads with 84.41% vs -30.02% for YETH. On fees, DBE is cheaper at 0.78% per year. On volatility, YETH has been the lower-risk option at 9.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBE has performed better with a 84.41% return vs -30.02%. 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 0.95% for YETH.
YETH has the higher dividend yield at 142.11%, compared with 2.10% for DBE.
YETH is categorized as Derivative Income, while DBE is Oil & Gas. They also come from different issuers: Roundhill and Invesco. Their fees differ too: 0.95% for YETH and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.43 vs -0.53), 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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