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Launched · SEC filings

Invesco DB Energy Fund

DBENYSE ArcaInvescoB

$38.24−2.57 (−6.30%)

At close: Nov 2, 2026, 4:00 PM ET

B69/ 100

Rank 2 of 11 in Energy Futures

B69/100Rank 2 of 11inEnergy Futures
Intraday session: down, 79 prints from 40.81 to 38.24. Range 38.00 to 38.91. Use the arrow keys to read each point.39.0039.5040.0040.5010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$152M
1Y total return
+121.4%
Yield · Last 12 months
1.65%
Holdings
8
Avg volume · 30D
45.9K sh
52W range
low $17.02high $41.41
Launched
Filings
SEC EDGAR

The ETF.net DBE Grade

Based on 5 of 6 pillars

B

Score 69 out of 100

Category
Energy Futures⁠
Rank
2 of 11
Six-pillar profile for DBE. Scores out of 100: Cost 83, Risk 68, Mission not scored, Tradability 46, Holdings 43, Durability 59. Strongest: Cost (83). Weakest: Holdings (43). Based on 5 of 6 pillars.

Score 69 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A83 out of 100
    Rank 2 of 11

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B68 out of 100
    Rank 3 of 11

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C46 out of 100
    Rank 8 of 11

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C43 out of 100
    Rank 4 of 5

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B59 out of 100
    Rank 6 of 11

Our read on DBE

ETF.net Research

In short

BMost energy ETFs buy the companies. DBE buys the barrels: a basket of energy futures tracking an Invesco commodity index, running since 2007.

Stated mandate

The fund seeks to follow both increases and decreases in the DBIQ Optimum Yield Energy Index Excess Return.

Why people hold it

  • Holds energy futures tracking the DBIQ Optimum Yield Energy Index Excess Return, so it follows fuel prices themselves rather than oil-company earnings, buybacks or balance sheets.invesco.com
  • Live since 2007, which puts multiple full commodity cycles behind it. That kind of run time is uncommon among futures-based funds.
  • At 0.79% it sits right at the median for its energy peer group, and the fund handles the futures contracts, rolls and collateral you would otherwise manage yourself.

Worth knowing

  • It is structured as a partnership, so tax time brings a Schedule K-1 instead of the usual 1099. Worth knowing before one shows up in the mail.invesco.com
  • Futures plumbing costs more than owning stocks. Equity-based energy peers like XES (0.35%) and MLPX (0.45%) charge well under half of DBE's 0.79%.
  • A single-commodity-complex bet that follows energy futures both up and down, with no company dividends underneath. Our overall read places it in the lower half of its energy cohort.

DBE Performance

Launched Jan 5, 2007

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

DBE$22,141
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. DBE $22,141. SPY $11,199. Use the arrow keys to read each point.$10,000$15,000$20,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DBE. Periods over one year show the average yearly return.
PeriodDBE
Year to date+133.6%
1 month+11.2%
3 months+30.6%
1 year+121.4%
3 yearsper year+27.8%
5 yearsper year+20.9%
10 yearsper year+14.9%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DBE
YearReturn barDBE
2026 YTD+133.6%
2025−2.2%
2024+3.0%
2023−12.2%
2022+33.8%

DBE in the news

DBE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.65%Last 12 months
Payout per share
$0.67Last 12 months
Last payment
$0.67 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Special

Distribution history

2017–2026

One bar per payment. 6 payments from 2017 to 2026 YTD. Dec 24, 2018 $0.21; Dec 23, 2019 $0.26; Dec 19, 2022 $0.17; Dec 18, 2023 $0.74; Dec 23, 2024 $1.17; Dec 22, 2025 $0.67. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$0.67
Dec 23, 2024Dec 27, 2024$1.17
Dec 18, 2023Dec 22, 2023$0.74
Dec 19, 2022Dec 23, 2022$0.17
Dec 23, 2019Dec 31, 2019$0.26
Dec 24, 2018Dec 31, 2018$0.21
Dec 15, 2008No data$0.44
Dec 17, 2007No data$0.90

— Pay date not on file.

$10,000 in DBE 10 years ago paid $2,734 in dividends.

DBE Risk

Risk pillarB68 out of 100Rank 3 of 11 in Energy Futures
How much the fund’s monthly returns vary, scaled to a year.
34.8%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.73
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−38.8%
Trough Sep 2024
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.92
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

DBE Cost

Compare DBE and OILK

Overpaying vs OILK, cheapest in Energy Futures

$1,568

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DBE 0.79%

    $15,174

  • OILK 0.70% Cheapest

    $13,606

$10,000
30 years

Cost over time

  • DBE 0.79%
  • OILK 0.70%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DBE $15,174OILK $13,606

Year by year

YearDBEOILKOverpaying
10$1,405$1,250$155
20$5,331$4,760$571
30$15,174$13,606$1,568

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