FDNI vs. DBE
FDNI (First Trust Dow Jones International Internet ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - FDNI is a Large Cap Growth Equities fund tracking the Dow Jones International Internet Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, FDNI returned -7.90%/yr vs 19.20%/yr for DBE. At a 0.13 correlation, their price movements are largely independent. FDNI charges 0.65%/yr vs 0.78%/yr for DBE.
Performance
FDNI vs. DBE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FDNI achieves a -15.28% return, which is significantly lower than DBE's 79.50% return.
FDNI
- 1D
- 2.66%
- 1M
- 1.98%
- YTD
- -15.28%
- 6M
- -15.75%
- 1Y
- -9.95%
- 3Y*
- 9.39%
- 5Y*
- -7.90%
- 10Y*
- —
DBE
- 1D
- 0.80%
- 1M
- -3.65%
- YTD
- 79.50%
- 6M
- 72.59%
- 1Y
- 82.31%
- 3Y*
- 22.48%
- 5Y*
- 19.20%
- 10Y*
- 11.78%
FDNI vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FDNI First Trust Dow Jones International Internet ETF | -15.28% | 25.64% | 22.46% | 1.78% | -38.38% | -20.59% | 85.27% | 38.38% | -8.95% |
DBE Invesco DB Energy Fund | 79.50% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -20.65% |
Correlation
The correlation between FDNI and DBE is -0.25, 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 | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2018 | 0.13 |
The correlation between FDNI and DBE shifts across timeframes, from -0.25 (1 year) to 0.13 (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.
Return for Risk
FDNI vs. DBE — Risk / Return Rank
FDNI
DBE
FDNI vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones International Internet ETF (FDNI) 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.
| FDNI | DBE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.42 | 2.37 | -2.79 |
Sortino ratioReturn per unit of downside risk | -0.45 | 2.91 | -3.36 |
Omega ratioGain probability vs. loss probability | 0.95 | 1.39 | -0.44 |
Calmar ratioReturn relative to maximum drawdown | -0.28 | 6.10 | -6.39 |
Martin ratioReturn relative to average drawdown | -0.55 | 11.98 | -12.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FDNI | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.42 | 2.37 | -2.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.66 | -0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.09 | +0.07 |
Drawdowns
FDNI vs. DBE - Drawdown Comparison
The maximum FDNI drawdown since its inception was -71.08%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for FDNI and DBE.
Loading charts...
Drawdown Indicators
| FDNI | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.08% | -86.69% | +15.61% |
Max Drawdown (1Y)Largest decline over 1 year | -33.22% | -14.41% | -18.81% |
Max Drawdown (3Y)Largest decline over 3 years | -33.22% | -23.89% | -9.33% |
Max Drawdown (5Y)Largest decline over 5 years | -65.86% | -38.74% | -27.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -47.59% | -31.85% | -15.74% |
Average DrawdownAverage peak-to-trough decline | -34.54% | -57.31% | +22.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.17% | 7.34% | +9.83% |
Volatility
FDNI vs. DBE - Volatility Comparison
The current volatility for First Trust Dow Jones International Internet ETF (FDNI) is 7.14%, while Invesco DB Energy Fund (DBE) has a volatility of 13.47%. This indicates that FDNI 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
| FDNI | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.14% | 13.47% | -6.33% |
Volatility (6M)Calculated over the trailing 6-month period | 18.51% | 30.80% | -12.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.72% | 35.02% | -11.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.61% | 29.37% | +7.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.55% | 28.33% | +6.22% |
FDNI vs. DBE - Expense Ratio Comparison
FDNI has a 0.65% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
FDNI vs. DBE - Dividend Comparison
FDNI's dividend yield for the trailing twelve months is around 1.32%, less than DBE's 2.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.15% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
FDNI First Trust Dow Jones International Internet ETF | 1.32% | 1.12% | 1.07% | 0.40% | 0.00% | 0.00% | 0.16% | 3.12% | 0.00% |
Frequently Asked Questions
FDNI and DBE have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (13.47%) compared to FDNI (7.14%). In terms of maximum drawdown, FDNI dropped -71.08% vs DBE's -86.69%.
On 5-year performance, DBE leads with 19.20% vs -7.90% for FDNI. On fees, FDNI is cheaper at 0.65% per year. On volatility, FDNI has been the lower-risk option at 7.14%. 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 19.20% return vs -7.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDNI is cheaper with a 0.65% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.15%, compared with 1.32% for FDNI.
FDNI is categorized as Large Cap Growth Equities, while DBE is Oil & Gas. FDNI tracks Dow Jones International Internet Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.65% for FDNI and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.37 vs -0.42), 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.
Find the right allocation for FDNI 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