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DBO vs MWHS

Invesco DB Oil Fund

DBOBNYSE Arca

Skylar Electricity Futures ETF

MWHSDNYSE Arca

Overlap

0.0%by weight

Expense ratio

DBO −0.14pt a year

DBO0.81%MWHS0.95%

Avg volume · 30D

DBO 287.3×the volume

DBO482KMWHS1.68K

DBO vs MWHS Performance

Jul 31, 2026 – Oct 30, 2026

+25.8%DBO+10.2%MWHS

Jul 31, 2026 to Oct 30, 2026. DBO +25.8%. MWHS +10.2%. Use the arrow keys to read each point.−10%0%20%Jul 2026Sep 2026Oct 2026
Expense ratio
DBO 0.81%, better
MWHS 0.95%
Fund size
DBO $330M
MWHS $1M
1Y total return
DBO +111.8%
MWHS No data
Yield (12M)
DBO 1.58%
MWHS No data
Holdings
DBO 4
MWHS 29
Avg volume (30D)
DBO 482K sh, better
MWHS 1.68K sh
NAV per share
DBO $27.27
MWHS $19.15
52W range

ETF.net Grade

DBO: Cost 74, Risk 54, Mission not scored, Tradability 66, Holdings 64, Durability 69. MWHS: Cost 56, Risk 34, Mission not scored, Tradability 4, Holdings not scored, Durability 22.
Pillar letters and Scores for DBO, MWHS, with each pillar’s weight
PillarDBOMWHS
Cost30% weightA74HigherB56
Mission25% weightNot scoredNot scored
Risk15% weightC54HigherD34
Tradability15% weightB66HigherF4
Holdings10% weightB64Not scored
Durability5% weightB69HigherF22

Rank among Energy Futures funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DBO and MWHS are both graded against the same 11 Energy Futures funds, so their Grades compare head to head.

Energy Futures⁠

Category · 11 funds
See all 11 ›

DBO ranks 3rd and MWHS 8th of 11 funds in the Energy Futures Category.

  1. Rank 1AOILKProShares K-1 Free Crude Oil ETFScore 79
  2. Rank 2BDBEInvesco DB Energy FundScore 69
  3. Rank 3BDBOInvesco DB Oil FundScore 67
  4. Rank 4BUSOUnited States Oil Fund, LPScore 61
  5. Rank 7CBNOUnited States Brent Oil Fund LPScore 42
  6. Rank 8DMWHSSkylar Electricity Futures ETFScore 36
  7. Rank 9DUNGUnited States Natural Gas Fund LPScore 30

Our read on each fund

ETF.net Research

DBOBInvesco DB Oil Fund

MWHSDSkylar Electricity Futures ETF

In short

DBO Oil exposure with a roll rule. DBO tracks a WTI crude futures index whose Optimum Yield design shops across contract months instead of camping in the front month, and it has run that way since 2007.

MWHS No data

Stated mandate

DBO The fund seeks to track positive or negative changes in the level of the DBIQ Optimum Yield Crude Oil Index Excess Return.

MWHS No data

Why people hold it

  • DBO The index picks the contract month its rules score as most favorable rather than automatically buying the nearest one, a design built to soften the drag of an upward-sloping futures curve.invesco.com
  • Charges 0.81% a year, meaningfully below the median for energy-futures funds in its group.
  • Launched in 2007 and traded through multiple oil booms and busts, it sits in the upper half of a small, well-known peer group.

MWHS No data

Worth knowing

  • DBO It's a commodity pool, so tax paperwork follows partnership rules rather than ordinary fund reporting. Peer OILK charges 0.69% and is built to skip that step.
  • You own a futures index, not a barrel. Results track the DBIQ Optimum Yield Crude Oil Index Excess Return and can diverge from headline spot crude.
  • One commodity, one curve. There are no operating businesses underneath to cushion a move in crude, and payouts come on an annual or semiannual schedule.

MWHS No data

Full DBO profile⁠

Full MWHS profile⁠

DBO vs MWHS Holdings

How DBO and MWHS differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of DBO and 0.0% of MWHS.

Level by level

  • Asset classAlternatives, Commodities0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for MWHS.

Country, concentration and asset class

Country by domicile

No country split for MWHS.

Concentration

Weight in the 10 largest Holdings

  • DBO226.8%
  • MWHS72.7%

Securities held

  • DBO2
  • MWHS28

Asset class

DBO
Alternatives
MWHS
Commodities

Holdings

  • Only in DBO2
  • In both0
  • Only in MWHS28

Only in DBO

2 securities, 100% of DBO by weight

  • Invesco Government & Agency Portfolio92.82%
  • Invesco Short Term Treasury ETF20.91%

Only in MWHS

28 securities, 93.9% of MWHS by weight

  • Frst Am-Gv Ob-X38.16%
  • Pjm Wh RTJAN275.38%
  • Pjm Wh RTOCT264.46%

Weight gaps

DBO and MWHS share no securities.

All 3 DBO holdings⁠All MWHS holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DBO vs MWHS Cost

Overpaying MWHS vs DBO

$2,351

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

  • DBO 0.81%

    $15,518

  • MWHS 0.95%

    $17,869

$10,000
30 years

Cost over time

  • DBO 0.81%
  • MWHS 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MWHS $17,869DBO $15,518

Year by year

YearDBOMWHSOverpaying
10$1,439$1,678$239
20$5,456$6,322$866
30$15,518$17,869$2,351

Expense ratio

  • 0.81%DBO, cheaper
  • 0.95%MWHS
  • Middle half of Energy Futures funds
  • Median 1.01%

DBO 3rd cheapest of 11 funds

MWHS 5th cheapest of 11 funds

DBO vs MWHS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DBO 1.58%
MWHS No data
Payout (12M)
DBO $0.43
MWHS None
Last payment
DBO $0.43
MWHS No data
Ex-dividend
DBO Dec 22, 2025
MWHS No data
Paid on
DBO Dec 26, 2025
MWHS No data
Frequency
DBO Annual
MWHS No data

Distribution history

Per share, 2017 to 2026, same scale for both

DBOAnnual · 6 paymentsAll DBO payments⁠
One bar per payment. 6 payments from 2017 to 2026 YTD. Dec 24, 2018 $0.13; Dec 23, 2019 $0.17; Dec 19, 2022 $0.10; Dec 18, 2023 $0.64; Dec 23, 2024 $0.67; Dec 22, 2025 $0.43. Use the arrow keys to read each point.$0$0.502017202020232026YTD
MWHSAll MWHS payments⁠

No distribution history available.

DBO vs MWHS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DBO 33.8%MWHS No data
Return per unit of riskSharpe ratio, 3 years
DBO 0.63MWHS No data
Worst fallMax drawdown, 5 years
DBO −37.7%MWHS No data
Market sensitivityBeta, 5 years
DBO 1.77MWHS −1.01

DBO and MWHS in the news

All news⁠

Popular comparisons

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    Expense ratio
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