EPIN vs. DBE

Last updated Jun 25, 2026

EPIN (Harbor International Equity ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - EPIN is a Foreign Large Cap Equities fund actively managed by Harbor, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. EPIN is actively managed, while DBE is passively managed. Over the past year, EPIN returned 37.79% vs 44.16% for DBE. At a correlation of -0.31, they often move in opposite directions. EPIN charges 0.80%/yr vs 0.78%/yr for DBE.

Performance

EPIN vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor International Equity ETF (EPIN) 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, EPIN achieves a 21.76% return, which is significantly lower than DBE's 48.87% return.

EPIN

• 1D: -0.21%
• 1M: 3.18%
• YTD: 21.76%
• 6M: 21.92%
• 1Y: 37.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBE

• 1D: -3.31%
• 1M: -19.00%
• YTD: 48.87%
• 6M: 46.64%
• 1Y: 44.16%
• 3Y*: 15.52%
• 5Y*: 13.92%
• 10Y*: 9.75%

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

EPIN vs. DBE - Yearly Performance Comparison

	2026 (YTD)	2025
EPIN Harbor International Equity ETF	21.76%	14.36%
DBE Invesco DB Energy Fund	48.87%	1.27%

Correlation

The correlation between EPIN and DBE is -0.29, 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	-0.29
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	-0.31

Return for Risk

EPIN vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EPIN

EPIN Risk / Return Rank: 73
EPIN Sharpe Ratio Rank: 73
EPIN Sortino Ratio Rank: 71
EPIN Omega Ratio Rank: 73
EPIN Calmar Ratio Rank: 74
EPIN Martin Ratio Rank: 75

DBE

DBE Risk / Return Rank: 41
DBE Sharpe Ratio Rank: 40
DBE Sortino Ratio Rank: 39
DBE Omega Ratio Rank: 39
DBE Calmar Ratio Rank: 41
DBE Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EPIN vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor International Equity ETF (EPIN) 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.

	EPIN	DBE	Difference
Sharpe ratio: Return per unit of total volatility	2.04	1.28	+0.76
Sortino ratio: Return per unit of downside risk	2.78	1.84	+0.94
Omega ratio: Gain probability vs. loss probability	1.37	1.23	+0.14
Calmar ratio: Return relative to maximum drawdown	3.26	1.86	+1.41
Martin ratio: Return relative to average drawdown	12.22	6.74	+5.49

EPIN vs. DBE - Sharpe Ratio Comparison

The current EPIN Sharpe Ratio is 2.04, which is higher than the DBE Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of EPIN 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

EPIN vs. DBE - Drawdown Comparison

The maximum EPIN drawdown since its inception was -11.64%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for EPIN and DBE.

Drawdown Indicators

	EPIN	DBE	Difference
Max Drawdown Largest peak-to-trough decline	-11.64%	-86.69%	+75.05%
Max Drawdown (1Y) Largest decline over 1 year	-11.64%	-23.89%	+12.25%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.89%	—
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	-3.18%	-43.48%	+40.30%
Average Drawdown Average peak-to-trough decline	-1.81%	-57.24%	+55.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	6.57%	-3.47%

Volatility

EPIN vs. DBE - Volatility Comparison

The current volatility for Harbor International Equity ETF (EPIN) is 8.48%, while Invesco DB Energy Fund (DBE) has a volatility of 9.69%. This indicates that EPIN 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

	EPIN	DBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.48%	9.69%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	16.57%	31.65%	-15.08%
Volatility (1Y) Calculated over the trailing 1-year period	18.66%	34.90%	-16.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.42%	29.62%	-11.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.42%	28.36%	-9.94%

EPIN vs. DBE - Expense Ratio Comparison

EPIN has a 0.80% expense ratio, which is higher than DBE's 0.78% expense ratio.

Dividends

EPIN vs. DBE - Dividend Comparison

EPIN's dividend yield for the trailing twelve months is around 0.65%, less than DBE's 2.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBE Invesco DB Energy Fund	2.60%	3.86%	6.32%	3.87%	0.75%	0.00%	0.00%	1.79%	1.67%
EPIN Harbor International Equity ETF	0.65%	0.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EPIN and DBE in my portfolio?

EPIN and DBE have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPIN or DBE?

DBE has higher volatility (9.69%) compared to EPIN (8.48%). In terms of maximum drawdown, EPIN dropped -11.64% vs DBE's -86.69%.

Which ETF is better, EPIN or DBE?

On 1-year performance, DBE leads with 44.16% vs 37.79% for EPIN. On fees, DBE is cheaper at 0.78% per year. On volatility, EPIN has been the lower-risk option at 8.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EPIN or DBE?

Over the 1-year period, DBE has performed better with a 44.16% return vs 37.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPIN or DBE?

DBE is cheaper with a 0.78% expense ratio, compared with 0.80% for EPIN.

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

DBE has the higher dividend yield at 2.60%, compared with 0.65% for EPIN.

What is the main difference between EPIN and DBE?

EPIN is categorized as Foreign Large Cap Equities, while DBE is Oil & Gas. They also come from different issuers: Harbor and Invesco. Their fees differ too: 0.80% for EPIN and 0.78% for DBE.

Which has better risk-adjusted returns?

EPIN currently has the higher Sharpe Ratio (2.04 vs 1.28), 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.