BNDC vs. DBE
BNDC (FlexShares Core Select Bond Fund) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - BNDC is a Intermediate Core Bond fund actively managed by Northern Trust, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. BNDC is actively managed, while DBE is passively managed. Over the past 5 years, BNDC returned -0.52%/yr vs 17.10%/yr for DBE. At a correlation of -0.12, they often move in opposite directions. BNDC charges 0.35%/yr vs 0.78%/yr for DBE.
Performance
BNDC vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, BNDC achieves a -0.18% return, which is significantly lower than DBE's 68.39% return.
BNDC
- 1D
- -0.07%
- 1M
- -0.58%
- 6M
- -0.51%
- YTD
- -0.18%
- 1Y
- 3.76%
- 3Y*
- 3.62%
- 5Y*
- -0.52%
- 10Y*
- —
DBE
- 1D
- -1.09%
- 1M
- 6.25%
- 6M
- 65.69%
- YTD
- 68.39%
- 1Y
- 57.64%
- 3Y*
- 17.96%
- 5Y*
- 17.10%
- 10Y*
- 11.45%
BNDC vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNDC FlexShares Core Select Bond Fund | -0.18% | 7.29% | 0.86% | 5.36% | -13.54% | -2.01% | 8.66% | 9.57% | -1.49% | 3.97% |
DBE Invesco DB Energy Fund | 68.39% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between BNDC and DBE is -0.39, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2016 | -0.12 |
Over the past year, the inverse relationship between BNDC and DBE has strengthened: their correlation has moved from -0.12 to -0.39, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
BNDC vs. DBE — Risk / Return Rank
BNDC
DBE
BNDC vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Core Select Bond Fund (BNDC) 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.
| BNDC | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.28 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 2.34 | -1.03 |
| Martin ratioReturn relative to average drawdown | 3.40 | 7.00 | -3.60 |
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Drawdowns
BNDC vs. DBE - Drawdown Comparison
The maximum BNDC drawdown since its inception was -18.80%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for BNDC and DBE.
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Drawdown Indicators
| BNDC | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.80% | -86.69% | +67.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -24.72% | +21.85% |
Max Drawdown (3Y)Largest decline over 3 years | -6.30% | -24.72% | +18.42% |
Max Drawdown (5Y)Largest decline over 5 years | -18.60% | -38.74% | +20.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -3.58% | -36.07% | +32.49% |
Average DrawdownAverage peak-to-trough decline | -7.30% | -57.19% | +49.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 8.26% | -7.15% |
Volatility
BNDC vs. DBE - Volatility Comparison
The current volatility for FlexShares Core Select Bond Fund (BNDC) is 0.97%, while Invesco DB Energy Fund (DBE) has a volatility of 11.68%. This indicates that BNDC 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.
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Volatility by Period
| BNDC | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 11.68% | -10.71% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 32.70% | -29.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 35.99% | -32.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.08% | 29.88% | -23.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.01% | 28.39% | -20.38% |
BNDC vs. DBE - Expense Ratio Comparison
BNDC has a 0.35% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
BNDC vs. DBE - Dividend Comparison
BNDC's dividend yield for the trailing twelve months is around 4.17%, more than DBE's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BNDC FlexShares Core Select Bond Fund | 4.17% | 4.16% | 3.81% | 3.19% | 2.64% | 1.72% | 2.61% | 2.89% | 2.86% | 2.50% | 0.64% |
DBE Invesco DB Energy Fund | 2.29% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% |
Frequently Asked Questions
BNDC and DBE have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (11.68%) compared to BNDC (0.97%). In terms of maximum drawdown, BNDC dropped -18.80% vs DBE's -86.69%.
On 5-year performance, DBE leads with 17.10% vs -0.52% for BNDC. On fees, BNDC is cheaper at 0.35% per year. On volatility, BNDC has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBE has performed better with a 17.10% return vs -0.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BNDC is cheaper with a 0.35% expense ratio, compared with 0.78% for DBE.
BNDC has the higher dividend yield at 4.17%, compared with 2.29% for DBE.
BNDC is categorized as Intermediate Core Bond, while DBE is Oil & Gas. They also come from different issuers: Northern Trust and Invesco. Their fees differ too: 0.35% for BNDC and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.61 vs 1.00), 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.
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