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Launched · SEC filings

Invesco DB Energy Fund

DBENYSE ArcaB

$39.04+0.53 (+1.38%)

As of Oct 13, 2026, 3:59 PM

B69/ 100

Rank 2 of 11 in Energy Futures

B69/100Rank 2 of 11inEnergy Futures
Intraday session: up, 74 prints from 38.51 to 39.04. Range 38.40 to 39.04. Use the arrow keys to read each point.38.4038.6038.7038.8038.9010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$129M
1Y total return
+120.2%
Yield · Last 12 months
1.75%
Holdings
9
Avg volume · 30D
0M sh
NAV per share
$38.07
52W range
low $17.02high $39.00
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 65, Mission not scored, Tradability 49, Holdings 43, Durability 57. 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.
    B65 out of 100
    Rank 4 of 11

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C49 out of 100
    Rank 7 of 11

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C43 out of 100
    Rank 3 of 5

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B57 out of 100
    Rank 6 of 11

Our read on DBE

ETF.net Research

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

  1. 01Holds 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
  2. 02Live since 2007, which puts multiple full commodity cycles behind it. That kind of run time is uncommon among futures-based funds.
  3. 03At 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

  1. 01It 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
  2. 02Futures 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%.
  3. 03A 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 Holdings

As of Oct 12, 2026
Asset class
Other
Holdings
9
Top-10 weight
213%
Largest holding
AGPXX101.4%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001AGPXXInvesco Government & Agency Portfolio101.37%117,937,447$118M235
002—ICE Brent Crude Oil Future 11/30/202638.64%444$45M2
003—NYMEX Light Sweet Crude Oil Future 01/20/202730.39%398$35M3
004—ICE Gas Oil Future 12/10/202617.98%152$21M2
005—NYMEX NY Harbor ULSD Futures 05/28/202710.79%77$13M2
006—NYMEX Reformulated Gasoline Blendstock for Oxygen Blending RBOB Futures 11/30/20267.51%66$9M2
007—NYMEX Henry Hub Natural Gas Futures 03/29/20274.04%176$5M2
008—Cash Collateral2.13%2,480,091$2M29
009—USD Pending Dividends0.09%0$107K241

Showing 1–9 of 9 holdings

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$22,020
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. DBE $22,020. SPY $12,044. Use the arrow keys to read each point.$8,763$16,030$23,297Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+120.4%
1 month+3.6%
3 months+41.9%
1 year+120.2%
3 yearsper year+25.7%
5 yearsper year+19.8%
10 yearsper year+13.6%

As of the close, 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+120.4%
2025−2.2%
2024+3.0%
2023−12.2%
2022+33.8%
2021+57.6%
2020−25.9%

DBE in the news

Filtered to DBE · Energy Futures

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 12, 2026.
1.75%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, 2008Data unavailable$0.44
Dec 17, 2007Data unavailable$0.90

DBE Risk

How much the fund’s monthly returns vary, scaled to a year.
34.6%
Annualised · 36 months to Sep 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.
0.59
vs 3-month T-bills · to Sep 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.

DBE Cost

Expense ratio0.79%
  • The middle half of Energy Futures funds
  • Median 1.01%

1 of the 11 Energy Futures funds charge less.

DBE costs $79.00 a year on $10,000. The median Energy Futures fund costs $101.00.

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