EUFN vs. DBE
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 (Net), 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 14.87%/yr vs 13.17%/yr for DBE. Their 0.24 correlation means their historical movements had little consistent relationship. EUFN charges 0.49%/yr vs 0.78%/yr for DBE.
Performance
EUFN vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, EUFN achieves a 15.76% return, which is significantly lower than DBE's 78.87% return. Over the past 10 years, EUFN has outperformed DBE with an annualized return of 14.87%, while DBE has yielded a comparatively lower 13.17% annualized return.
EUFN
- 1D
- -0.05%
- 1M
- 4.57%
- 6M
- 12.34%
- YTD
- 15.76%
- 1Y
- 37.30%
- 3Y*
- 34.07%
- 5Y*
- 21.90%
- 10Y*
- 14.87%
- ALL TIME*
- 7.77%
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 | |
| $57.65M | $60.11M | $50.38M |
EUFN vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUFN iShares MSCI Europe Financials ETF | 15.76% | 65.73% | 17.20% | 26.15% | -8.78% | 19.13% | -8.55% | 20.73% | -23.14% | 26.94% |
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 EUFN and DBE is -0.38, 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. | -0.38 |
Correlation (3Y) Balances recent behavior with more history. | -0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.03 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2010 | 0.24 |
The correlation between EUFN and DBE shifts across timeframes, from -0.38 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUFN vs. DBE — Risk / Return Rank
EUFN
DBE
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.
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.
| EUFN | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 2.59 | -0.16 |
| Martin ratioReturn relative to average drawdown | 8.55 | 8.14 | +0.41 |
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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.
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Drawdown Indicators
| EUFN | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.25% | -86.69% | +33.44% |
Max Drawdown (1Y)Largest decline over 1 year | -14.77% | -24.72% | +9.95% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -24.72% | +8.77% |
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 DrawdownCurrent decline from peak | -0.05% | -32.09% | +32.04% |
Average DrawdownAverage peak-to-trough decline | -14.42% | -57.13% | +42.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.20% | 8.15% | -3.95% |
Volatility
EUFN vs. DBE - Volatility Comparison
The current volatility for iShares MSCI Europe Financials ETF (EUFN) is 6.32%, while Invesco DB Energy Fund (DBE) has a volatility of 14.12%. 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.
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Volatility by Period
| EUFN | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.32% | 14.12% | -7.80% |
Volatility (6M)Calculated over the trailing 6-month period | 17.74% | 33.95% | -16.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.39% | 37.47% | -17.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.81% | 30.09% | -8.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.71% | 28.58% | -4.87% |
EUFN vs. DBE - Expense Ratio Comparison
EUFN has a 0.49% 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 3.96%, more than DBE's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
EUFN iShares MSCI Europe Financials ETF | 3.96% | 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 (14.12%) compared to EUFN (6.32%). In terms of maximum drawdown, EUFN dropped -53.25% vs DBE's -86.69%.
On 10-year performance, EUFN leads with 14.87% vs 13.17% for DBE. On fees, EUFN is cheaper at 0.49% per year. On volatility, EUFN has been the lower-risk option at 6.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EUFN has performed better with a 14.87% return vs 13.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EUFN is cheaper with a 0.49% expense ratio, compared with 0.78% for DBE.
EUFN has the higher dividend yield at 3.96%, compared with 2.16% for DBE.
EUFN is categorized as Financials Equities, while DBE is Oil & Gas. EUFN tracks MSCI Europe Financials Index (Net), while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.49% for EUFN and 0.78% for DBE.
EUFN currently has the higher Sharpe Ratio (1.76 vs 1.71), 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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