DDLS vs. DBE
DDLS (WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - DDLS is a Foreign Small & Mid Cap Equities fund tracking the WisdomTree Dynamic Currency Hedged International SmallCap Equity Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, DDLS returned 9.82%/yr vs 13.17%/yr for DBE. Their 0.17 correlation means their historical movements had little consistent relationship. DDLS charges 0.48%/yr vs 0.78%/yr for DBE.
Performance
DDLS vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, DDLS achieves a 6.18% return, which is significantly lower than DBE's 78.87% return. Over the past 10 years, DDLS has underperformed DBE with an annualized return of 9.82%, while DBE has yielded a comparatively higher 13.17% annualized return.
DDLS
- 1D
- -0.54%
- 1M
- 0.38%
- 6M
- 2.11%
- YTD
- 6.18%
- 1Y
- 15.89%
- 3Y*
- 16.34%
- 5Y*
- 9.61%
- 10Y*
- 9.82%
- ALL TIME*
- 9.77%
DBE
- 1D
- 1.13%
- 1M
- 21.13%
- 6M
- 53.89%
- YTD
- 78.87%
- 1Y
- 68.62%
- 3Y*
- 17.16%
- 5Y*
- 17.73%
- 10Y*
- 13.17%
- ALL TIME*
- 2.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.24M | $1.18M | $1.76M | |
| $690.04K | $775.99K | $927.24K |
DDLS vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | 6.18% | 27.97% | 10.22% | 15.25% | -10.13% | 17.75% | -2.95% | 24.84% | -16.92% | 26.91% |
DBE Invesco DB Energy Fund | 78.87% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between DDLS and DBE is -0.37, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.37 |
Correlation (3Y) Balances recent behavior with more history. | -0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2016 | 0.17 |
The correlation between DDLS and DBE shifts across timeframes, from -0.37 (1 year) to 0.17 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
DDLS vs. DBE — Risk / Return Rank
DDLS
DBE
DDLS vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS) 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.
| DDLS | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.29 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 2.59 | -1.11 |
| Martin ratioReturn relative to average drawdown | 5.06 | 8.14 | -3.08 |
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Drawdowns
DDLS vs. DBE - Drawdown Comparison
The maximum DDLS drawdown since its inception was -36.80%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for DDLS and DBE.
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Drawdown Indicators
| DDLS | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.80% | -86.69% | +49.89% |
Max Drawdown (1Y)Largest decline over 1 year | -10.69% | -24.72% | +14.03% |
Max Drawdown (3Y)Largest decline over 3 years | -11.66% | -24.72% | +13.06% |
Max Drawdown (5Y)Largest decline over 5 years | -19.87% | -38.74% | +18.87% |
Max Drawdown (10Y)Largest decline over 10 years | -36.80% | -60.84% | +24.04% |
Current DrawdownCurrent decline from peak | -2.78% | -32.09% | +29.31% |
Average DrawdownAverage peak-to-trough decline | -5.67% | -57.13% | +51.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 8.15% | -5.02% |
Volatility
DDLS vs. DBE - Volatility Comparison
The current volatility for WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS) is 3.33%, while Invesco DB Energy Fund (DBE) has a volatility of 14.12%. This indicates that DDLS 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
| DDLS | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 14.12% | -10.79% |
Volatility (6M)Calculated over the trailing 6-month period | 11.15% | 33.95% | -22.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.18% | 37.47% | -24.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.77% | 30.09% | -16.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.45% | 28.58% | -13.13% |
DDLS vs. DBE - Expense Ratio Comparison
DDLS has a 0.48% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
DDLS vs. DBE - Dividend Comparison
DDLS's dividend yield for the trailing twelve months is around 3.64%, more than DBE's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.16% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% |
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | 3.64% | 3.80% | 4.11% | 4.05% | 5.44% | 3.18% | 3.16% | 3.68% | 1.75% | 1.60% | 3.47% |
Frequently Asked Questions
DDLS and DBE have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (14.12%) compared to DDLS (3.33%). In terms of maximum drawdown, DDLS dropped -36.80% vs DBE's -86.69%.
On 10-year performance, DBE leads with 13.17% vs 9.82% for DDLS. On fees, DDLS is cheaper at 0.48% per year. On volatility, DDLS has been the lower-risk option at 3.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBE has performed better with a 13.17% return vs 9.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DDLS is cheaper with a 0.48% expense ratio, compared with 0.78% for DBE.
DDLS has the higher dividend yield at 3.64%, compared with 2.16% for DBE.
DDLS is categorized as Foreign Small & Mid Cap Equities, while DBE is Oil & Gas. DDLS tracks WisdomTree Dynamic Currency Hedged International SmallCap Equity Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.48% for DDLS and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.71 vs 1.20), 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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