PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EUFN vs. DBE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EUFN vs. DBE

Last updated Jun 4, 2026

EUFN (iShares MSCI Europe Financials ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - EUFN is a Financials Equities fund tracking the MSCI Europe Financials Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, EUFN returned 11.98%/yr vs 12.03%/yr for DBE. At a 0.25 correlation, their price movements are largely independent. EUFN charges 0.48%/yr vs 0.78%/yr for DBE.

Performance

EUFN vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Europe Financials ETF (EUFN) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, EUFN achieves a 1.54% return, which is significantly lower than DBE's 83.68% return. Both investments have delivered pretty close results over the past 10 years, with EUFN having a 11.98% annualized return and DBE not far ahead at 12.03%.

EUFN

1D
-2.03%
1M
2.59%
YTD
1.54%
6M
8.77%
1Y
23.06%
3Y*
30.91%
5Y*
17.47%
10Y*
11.98%

DBE

1D
2.33%
1M
-5.45%
YTD
83.68%
6M
74.95%
1Y
84.41%
3Y*
23.42%
5Y*
19.66%
10Y*
12.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUFN vs. DBE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EUFN
iShares MSCI Europe Financials ETF		1.54%65.73%17.20%26.15%-8.78%19.13%-8.55%20.73%-23.14%26.94%
DBE
Invesco DB Energy Fund		83.68%-2.17%2.96%-12.14%33.77%57.56%-25.91%19.72%-12.95%5.21%

Correlation

The correlation between EUFN and DBE is -0.38, 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

-0.38

Correlation (3Y)
Calculated over the trailing 3-year period

-0.11

Correlation (5Y)
Calculated over the trailing 5-year period

0.06

Correlation (10Y)
Calculated over the trailing 10-year period

0.17

Correlation (All Time)
Calculated using the full available price history since Feb 4, 2010

0.25

The correlation between EUFN and DBE shifts across timeframes, from -0.38 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Europe Financials ETF

Invesco DB Energy Fund

Often compared with EUFN:
EUFN vs. XLFEUFN vs. FDDEUFN vs. SPYEUFN vs. GSIBEUFN vs. EURLEUFN vs. IEUREUFN vs. EIRL
Often compared with DBE:
DBE vs. DBBDBE vs. XLEDBE vs. VDEDBE vs. COMTDBE vs. XLKDBE vs. GLDDBE vs. TIP

Return for Risk

EUFN vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EUFN
EUFN Risk / Return Rank: 3232
Overall Rank
EUFN Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
EUFN Sortino Ratio Rank: 3232
Sortino Ratio Rank
EUFN Omega Ratio Rank: 3030
Omega Ratio Rank
EUFN Calmar Ratio Rank: 3232
Calmar Ratio Rank
EUFN Martin Ratio Rank: 3535
Martin Ratio Rank
DBE
DBE Risk / Return Rank: 7171
Overall Rank
DBE Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
DBE Sortino Ratio Rank: 6363
Sortino Ratio Rank
DBE Omega Ratio Rank: 6565
Omega Ratio Rank
DBE Calmar Ratio Rank: 9191
Calmar Ratio Rank
DBE Martin Ratio Rank: 6363
Martin Ratio Rank
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.

EUFN vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials ETF (EUFN) 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.

EUFNDBEDifference
Sharpe ratioReturn per unit of total volatility
1.17
2.43

-1.25

Sortino ratioReturn per unit of downside risk
1.74
2.96

-1.22

Omega ratioGain probability vs. loss probability

1.21

1.40

-0.19

Calmar ratioReturn relative to maximum drawdown

1.57

5.89

-4.32

Martin ratioReturn relative to average drawdown

5.49

11.53

-6.04

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUFN vs. DBE - Sharpe Ratio Comparison

The current EUFN Sharpe Ratio is 1.17, which is lower than the DBE Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of EUFN 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.

Loading charts...

Sharpe Ratios by Period

EUFNDBEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.17

2.43

-1.25

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.81

0.67

+0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.49

0.43

+0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

0.09

+0.17

Drawdowns

EUFN vs. DBE - Drawdown Comparison

The maximum EUFN drawdown since its inception was -53.25%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for EUFN and DBE.

Loading charts...

Drawdown Indicators

EUFNDBEDifference

Max Drawdown

Largest peak-to-trough decline

-53.25%

-86.69%

+33.44%

Max Drawdown (1Y)

Largest decline over 1 year

-14.77%

-14.41%

-0.36%

Max Drawdown (3Y)

Largest decline over 3 years

-15.95%

-23.89%

+7.94%

Max Drawdown (5Y)

Largest decline over 5 years

-35.15%

-38.74%

+3.59%

Max Drawdown (10Y)

Largest decline over 10 years

-53.25%

-60.84%

+7.59%

Current Drawdown

Current decline from peak

-3.16%

-30.27%

+27.11%

Average Drawdown

Average peak-to-trough decline

-14.56%

-57.31%

+42.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.21%

7.35%

-3.14%

Volatility

EUFN vs. DBE - Volatility Comparison

The current volatility for iShares MSCI Europe Financials ETF (EUFN) is 7.00%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that EUFN 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.

Loading charts...

Volatility by Period

EUFNDBEDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.00%

12.95%

-5.95%

Volatility (6M)

Calculated over the trailing 6-month period

16.56%

30.86%

-14.30%

Volatility (1Y)

Calculated over the trailing 1-year period

19.75%

34.97%

-15.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.80%

29.39%

-7.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.55%

28.33%

-3.78%

EUFN vs. DBE - Expense Ratio Comparison

EUFN has a 0.48% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

EUFN vs. DBE - Dividend Comparison

EUFN's dividend yield for the trailing twelve months is around 3.52%, more than DBE's 2.10% yield.

PositionTTM20252024202320222021202020192018201720162015
DBE
Invesco DB Energy Fund		2.10%3.86%6.32%3.87%0.75%0.00%0.00%1.79%1.67%0.00%0.00%0.00%
EUFN
iShares MSCI Europe Financials ETF		3.52%3.57%5.36%5.00%4.24%4.15%1.38%4.55%6.48%3.04%4.03%3.65%

Frequently Asked Questions

EUFN and DBE have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DBE has higher volatility (12.95%) compared to EUFN (7.00%). In terms of maximum drawdown, EUFN dropped -53.25% vs DBE's -86.69%.

On 10-year performance, DBE leads with 12.03% vs 11.98% for EUFN. On fees, EUFN is cheaper at 0.48% per year. On volatility, EUFN has been the lower-risk option at 7.00%. 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 12.03% return vs 11.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EUFN is cheaper with a 0.48% expense ratio, compared with 0.78% for DBE.

EUFN has the higher dividend yield at 3.52%, compared with 2.10% for DBE.

EUFN is categorized as Financials Equities, while DBE is Oil & Gas. EUFN tracks MSCI Europe Financials Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.48% for EUFN and 0.78% for DBE.

DBE currently has the higher Sharpe Ratio (2.43 vs 1.17), 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.

Portfolio Optimizer

Find the right allocation for EUFN and DBE

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer