FDRR vs. DBE
FDRR (Fidelity Dividend ETF for Rising Rates) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - FDRR is a Large Cap Growth Equities fund tracking the Fidelity Dividend Index for Rising Rates, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, FDRR returned 12.69%/yr vs 19.20%/yr for DBE. At a 0.21 correlation, their price movements are largely independent. FDRR charges 0.29%/yr vs 0.78%/yr for DBE.
Performance
FDRR vs. DBE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FDRR achieves a 11.11% return, which is significantly lower than DBE's 79.50% return.
FDRR
- 1D
- -0.16%
- 1M
- 6.28%
- YTD
- 11.11%
- 6M
- 12.00%
- 1Y
- 33.74%
- 3Y*
- 21.44%
- 5Y*
- 12.69%
- 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%
FDRR vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDRR Fidelity Dividend ETF for Rising Rates | 11.11% | 21.70% | 20.24% | 13.66% | -9.73% | 26.06% | 8.23% | 26.86% | -3.60% | 19.29% |
DBE Invesco DB Energy Fund | 79.50% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between FDRR and DBE is -0.32, 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 | -0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2016 | 0.21 |
The correlation between FDRR and DBE shifts across timeframes, from -0.32 (1 year) to 0.21 (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
FDRR vs. DBE — Risk / Return Rank
FDRR
DBE
FDRR vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Dividend ETF for Rising Rates (FDRR) 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.
| FDRR | DBE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.09 | 2.37 | +0.72 |
Sortino ratioReturn per unit of downside risk | 4.27 | 2.91 | +1.36 |
Omega ratioGain probability vs. loss probability | 1.57 | 1.39 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 4.00 | 6.10 | -2.11 |
Martin ratioReturn relative to average drawdown | 17.06 | 11.98 | +5.07 |
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
| FDRR | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.09 | 2.37 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.66 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.09 | +0.73 |
Drawdowns
FDRR vs. DBE - Drawdown Comparison
The maximum FDRR drawdown since its inception was -36.52%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for FDRR and DBE.
Loading charts...
Drawdown Indicators
| FDRR | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.52% | -86.69% | +50.17% |
Max Drawdown (1Y)Largest decline over 1 year | -8.52% | -14.41% | +5.89% |
Max Drawdown (3Y)Largest decline over 3 years | -18.04% | -23.89% | +5.85% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -38.74% | +17.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -0.16% | -31.85% | +31.69% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -57.31% | +53.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 7.34% | -5.35% |
Volatility
FDRR vs. DBE - Volatility Comparison
The current volatility for Fidelity Dividend ETF for Rising Rates (FDRR) is 3.13%, while Invesco DB Energy Fund (DBE) has a volatility of 13.47%. This indicates that FDRR 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
| FDRR | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 13.47% | -10.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.24% | 30.80% | -22.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.98% | 35.02% | -24.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 29.37% | -14.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.88% | 28.33% | -11.45% |
FDRR vs. DBE - Expense Ratio Comparison
FDRR has a 0.29% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
FDRR vs. DBE - Dividend Comparison
FDRR's dividend yield for the trailing twelve months is around 2.07%, less than DBE's 2.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.15% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% |
FDRR Fidelity Dividend ETF for Rising Rates | 2.07% | 2.21% | 2.61% | 2.93% | 2.75% | 2.09% | 2.85% | 2.89% | 3.20% | 2.89% | 0.61% |
Frequently Asked Questions
FDRR and DBE have a correlation of -0.32, 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 FDRR (3.13%). In terms of maximum drawdown, FDRR dropped -36.52% vs DBE's -86.69%.
On 5-year performance, DBE leads with 19.20% vs 12.69% for FDRR. On fees, FDRR is cheaper at 0.29% per year. On volatility, FDRR has been the lower-risk option at 3.13%. 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 12.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDRR is cheaper with a 0.29% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.15%, compared with 2.07% for FDRR.
FDRR is categorized as Large Cap Growth Equities, while DBE is Oil & Gas. FDRR tracks Fidelity Dividend Index for Rising Rates, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Fidelity and Invesco. Their fees differ too: 0.29% for FDRR and 0.78% for DBE.
FDRR currently has the higher Sharpe Ratio (3.09 vs 2.37), 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 FDRR 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