BFAP vs. DBE

Last updated Aug 6, 2026

BFAP (FT Vest Bitcoin Strategy Floor15 ETF - April) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - BFAP is a Cryptocurrency fund actively managed by First Trust, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. BFAP is actively managed, while DBE is passively managed. Over the past year, BFAP returned -28.52% vs 57.60% for DBE. Their -0.05 correlation means they have often moved in opposite directions in the past. BFAP charges 0.90%/yr vs 0.78%/yr for DBE.

Performance

BFAP vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Bitcoin Strategy Floor15 ETF - April (BFAP) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BFAP achieves a -21.08% return, which is significantly lower than DBE's 63.53% return.

BFAP

• 1D: 0.34%
• 1M: 0.70%
• 6M: -10.59%
• YTD: -21.08%
• 1Y: -28.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -10.72%

DBE

• 1D: -0.24%
• 1M: 9.43%
• 6M: 46.31%
• YTD: 63.53%
• 1Y: 57.60%
• 3Y*: 13.46%
• 5Y*: 16.54%
• 10Y*: 11.73%
• ALL TIME*: 2.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BFAP FT Vest Bitcoin Strategy Floor15 ETF - April	$14.27K	$11.84K	$25.71K
DBE Invesco DB Energy Fund	$1.42M	$1.12M	$1.57M

BFAP vs. DBE - Yearly Performance Comparison

	2026 (YTD)	2025
BFAP FT Vest Bitcoin Strategy Floor15 ETF - April	-21.08%	8.90%
DBE Invesco DB Energy Fund	63.53%	-2.80%

Correlation

The correlation between BFAP and DBE is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.09
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025	-0.05

Return for Risk

BFAP vs. DBE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BFAP

BFAP Risk / Return Rank: 1
BFAP Sharpe Ratio Rank: 0
BFAP Sortino Ratio Rank: 1
BFAP Omega Ratio Rank: 1
BFAP Calmar Ratio Rank: 2
BFAP Martin Ratio Rank: 2

DBE

DBE Risk / Return Rank: 54
DBE Sharpe Ratio Rank: 55
DBE Sortino Ratio Rank: 52
DBE Omega Ratio Rank: 51
DBE Calmar Ratio Rank: 58
DBE Martin Ratio Rank: 54

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BFAP vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy Floor15 ETF - April (BFAP) and Invesco DB Energy Fund (DBE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BFAP	DBE	Difference
Sharpe ratio: Return per unit of total volatility	-1.33	1.53	-2.86
Sortino ratio: Return per unit of downside risk	-1.87	2.11	-3.98
Omega ratio: Gain probability vs. loss probability	0.78	1.26	-0.49
Calmar ratio: Return relative to maximum drawdown	-0.84	2.34	-3.18
Martin ratio: Return relative to average drawdown	-1.33	7.22	-8.55

BFAP vs. DBE - Sharpe Ratio Comparison

The current BFAP Sharpe Ratio is -1.33, which is lower than the DBE Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of BFAP and DBE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BFAP vs. DBE - Drawdown Comparison

The maximum BFAP drawdown since its inception was -34.15%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for BFAP and DBE.

Drawdown Indicators

	BFAP	DBE	Difference
Max Drawdown Largest peak-to-trough decline	-34.15%	-86.69%	+52.54%
Max Drawdown (1Y) Largest decline over 1 year	-34.15%	-24.72%	-9.43%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.72%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-60.84%	—
Current Drawdown Current decline from peak	-31.41%	-37.92%	+6.51%
Average Drawdown Average peak-to-trough decline	-13.46%	-57.12%	+43.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.46%	8.00%	+13.46%

Volatility

BFAP vs. DBE - Volatility Comparison

The current volatility for FT Vest Bitcoin Strategy Floor15 ETF - April (BFAP) is 3.77%, while Invesco DB Energy Fund (DBE) has a volatility of 15.65%. This indicates that BFAP experiences smaller price fluctuations and is considered to be less risky than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BFAP	DBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	15.65%	-11.88%
Volatility (6M) Calculated over the trailing 6-month period	13.73%	33.76%	-20.03%
Volatility (1Y) Calculated over the trailing 1-year period	21.55%	37.85%	-16.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.95%	30.19%	-10.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.95%	28.63%	-8.68%

BFAP vs. DBE - Expense Ratio Comparison

BFAP has a 0.90% expense ratio, which is higher than DBE's 0.78% expense ratio.

Dividends

BFAP vs. DBE - Dividend Comparison

BFAP's dividend yield for the trailing twelve months is around 24.04%, more than DBE's 2.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BFAP FT Vest Bitcoin Strategy Floor15 ETF - April	24.04%	18.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DBE Invesco DB Energy Fund	2.36%	3.86%	6.32%	3.87%	0.75%	0.00%	0.00%	1.79%	1.67%

Frequently Asked Questions

Can I hold both BFAP and DBE in my portfolio?

BFAP and DBE have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BFAP or DBE?

DBE has higher volatility (15.65%) compared to BFAP (3.77%). In terms of maximum drawdown, BFAP dropped -34.15% vs DBE's -86.69%.

Which ETF is better, BFAP or DBE?

On 1-year performance, DBE leads with 57.60% vs -28.52% for BFAP. On fees, DBE is cheaper at 0.78% per year. On volatility, BFAP has been the lower-risk option at 3.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BFAP or DBE?

Over the 1-year period, DBE has performed better with a 57.60% return vs -28.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BFAP or DBE?

DBE is cheaper with a 0.78% expense ratio, compared with 0.90% for BFAP.

Which ETF pays a higher dividend yield, BFAP or DBE?

BFAP has the higher dividend yield at 24.04%, compared with 2.36% for DBE.

What is the main difference between BFAP and DBE?

BFAP is categorized as Cryptocurrency, while DBE is Oil & Gas. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.90% for BFAP and 0.78% for DBE.

Which has better risk-adjusted returns?

DBE currently has the higher Sharpe Ratio (1.53 vs -1.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.