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Powershares Db Energy

Invesco DB Energy Double Short ETN ( DBE) is an exchange-traded note issued in the United States. The Invesco DB Energy Double Short ETN (the "E note") seeks to deliver twice the inverse daily performance of the Energy Select Sector SPDR Fund (the "underlying ETF"), before fees and expenses. The ETN aims to provide -200% exposure to energy, allowing investors to benefit from potentially large mid-term declines in global energy prices. This tool may be useful in a diversified trading or investment strategy.

The Invesco DB Energy Double Short ETN (DBE) has approximately 29 holdings, with the largest being Energy Select Sector SPDR Fund (XLE US) at 100%. The ETN has $ 127.29 million in assets and trades on average volume of 13,062. The expense ratio is 0.75%.

This ETN is not intended for buy-and-hold investors. The E note's target profile suggests that the investment strategy is risk sensitive, highly volatile, and not for the faint of heart. Invesco DB Energy Double Short ETN is a highly speculative trading vehicle that should only be considered by sophisticated investors with high-risk tolerance, market sophistication, and the financial ability to withstand significant and potentially rapid losses.

Invesco DB Energy Double Short ETN (DBE) has fallen -23.45% year to date, down from its 52-week high of $24.46 on a relative basis. The Energy Select Sector SPDR ETF (XLE) lost -32.86% while oil prices fell below $70, versus its 52-week high of $114.92. Energy stocks, like oil prices, have slumped on slower growth concerns.

The chart of DBE v XLE highlights how closely the ETN tracks the double inverse of the energy sector. The ratio chart shows how closely the ETN tracks the double inverse of the energy sector. The only exception is 2022 when energy stocks and oil prices began to rise.

As of 2022, the ETN has lost -15.37% over the last year, underperforming the S&P 500 by 1,050 basis points. It has recovered 8.8% from its energy stock and oil price plunge in recent weeks but still lags the market.

In conclusion, DBE has fallen -23.45% year to date, underperforming the S&P 500 by 1,160 basis points. It needs to recover 31% to reach its 52-week high of $24.46.