DBE vs IVV
Invesco DB Energy Fund vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. DBE delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DBE | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.03% | |
| AUM | $96M | $865.2B | |
| Dividend Yield | 2.59% | 1.09% | |
| Holdings | 9 | 508 | |
| YTD Return | +69.18% | +13.80% | |
| 1Y Return | +63.50% | +23.70% | |
| 3Y Return (annualized) | +11.99% | +21.49% | |
| 5Y Return (annualized) | +16.22% | +13.43% | |
| Volatility (annualized) | 28.3% | 15.1% | |
| Max Drawdown | -86.7% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Commodity | Equity | |
| Inception | Jan 5, 2007 | May 15, 2000 |
DBE vs IVV Performance
Invesco DB Energy Fund (DBE) is a ETF from Invesco (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DBE returned +63.50% while IVV returned +23.70%. Year to date, DBE is up 69.18% versus a gain of 13.80% for IVV.
Over three years, DBE compounded at +11.99% per year against +21.49% for IVV; over five years the annualized figures are +16.22% and +13.43% respectively. Across the full 20-year window we track, IVV has the edge at +7.05% annualized vs +1.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DBE has been the more volatile fund, with annualized monthly volatility of 28.3% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -86.7% for DBE and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DBE charges 0.75% per year while IVV charges 0.03%. On a $10,000 position that is $75 vs $3 annually, a gap of $72 per year that compounds over a long holding period. On income, DBE currently yields 2.59% against 1.09% for IVV.
Holdings Overlap
DBE and IVV share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DBE or IVV?
DBE has an expense ratio of 0.75% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, DBE or IVV?
Over the past year DBE returned +63.50% vs +23.70% for IVV, so DBE leads on 1-year performance. Over the longest common window we track (20 years), DBE annualized +1.86% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, DBE or IVV?
DBE has been the more volatile fund at 28.3% annualized versus 15.1% for IVV. Worst drawdown: DBE -86.7% vs IVV -56.5%.
Should I hold both DBE and IVV?
DBE and IVV have a monthly-return correlation of 0.37, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DBE and IVV?
DBE and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, DBE or IVV?
DBE yields 2.59% while IVV yields 1.09%, so DBE currently pays the higher dividend yield.
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