FGSI vs. DBO

Last updated Jun 4, 2026

FGSI (First Trust Vest Growth Strength & Target Income ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - FGSI is a Derivative Income fund actively managed by First Trust, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. FGSI is actively managed, while DBO is passively managed. At a correlation of -0.16, they often move in opposite directions. FGSI charges 0.85%/yr vs 0.78%/yr for DBO.

Performance

FGSI vs. DBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Vest Growth Strength & Target Income ETF (FGSI) and Invesco DB Oil Fund (DBO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGSI achieves a 4.99% return, which is significantly lower than DBO's 84.75% return.

FGSI

• 1D: -0.54%
• 1M: 3.18%
• YTD: 4.99%
• 6M: 5.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBO

• 1D: 2.27%
• 1M: -2.34%
• YTD: 84.75%
• 6M: 81.10%
• 1Y: 80.26%
• 3Y*: 21.86%
• 5Y*: 15.98%
• 10Y*: 11.37%

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

FGSI vs. DBO - Yearly Performance Comparison

	2026 (YTD)	2025
FGSI First Trust Vest Growth Strength & Target Income ETF	4.99%	4.53%
DBO Invesco DB Oil Fund	84.75%	-4.86%

Correlation

The correlation between FGSI and DBO is -0.16, 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 (All Time) Calculated using the full available price history since Jun 27, 2025	-0.16

FGSI vs. DBO - Sectors Allocation Comparison

Sectors	FGSI	DBO
Technology	30.5%	-
Healthcare	17.6%	-
Financial Services	16.2%	116.0%
Consumer Cyclical	13.6%	-
Industrials	12.4%	-
Communication Services	5.7%	-
Energy	4.8%	-
Consumer Defensive	2.0%	-
Basic Materials	1.9%	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FGSI vs. DBO — Risk / Return Rank

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

DBO

DBO Risk / Return Rank: 65
DBO Sharpe Ratio Rank: 70
DBO Sortino Ratio Rank: 62
DBO Omega Ratio Rank: 60
DBO Calmar Ratio Rank: 83
DBO Martin Ratio Rank: 52

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.

FGSI vs. DBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Vest Growth Strength & Target Income ETF (FGSI) and Invesco DB Oil Fund (DBO). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FGSI	DBO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.34	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.02	+0.82

Drawdowns

FGSI vs. DBO - Drawdown Comparison

The maximum FGSI drawdown since its inception was -8.25%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for FGSI and DBO.

Drawdown Indicators

	FGSI	DBO	Difference
Max Drawdown Largest peak-to-trough decline	-8.25%	-90.18%	+81.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.19%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-28.20%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-61.69%	—
Current Drawdown Current decline from peak	-1.50%	-51.38%	+49.88%
Average Drawdown Average peak-to-trough decline	-1.91%	-62.25%	+60.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.92%	—

Volatility

Volatility by Period

	FGSI	DBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.43%	34.46%	-22.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.43%	32.29%	-19.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.43%	31.78%	-19.35%

FGSI vs. DBO - Expense Ratio Comparison

FGSI has a 0.85% expense ratio, which is higher than DBO's 0.78% expense ratio.

Dividends

FGSI vs. DBO - Dividend Comparison

FGSI's dividend yield for the trailing twelve months is around 7.57%, more than DBO's 1.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBO Invesco DB Oil Fund	1.90%	3.51%	4.68%	4.59%	0.66%	0.00%	0.00%	1.63%	1.58%
FGSI First Trust Vest Growth Strength & Target Income ETF	7.57%	4.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FGSI and DBO in my portfolio?

FGSI and DBO have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FGSI or DBO?

On fees, DBO is cheaper at 0.78% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FGSI or DBO?

DBO is cheaper with a 0.78% expense ratio, compared with 0.85% for FGSI.

Which ETF pays a higher dividend yield, FGSI or DBO?

FGSI has the higher dividend yield at 7.57%, compared with 1.90% for DBO.

What is the main difference between FGSI and DBO?

FGSI is categorized as Derivative Income, while DBO is Oil & Gas. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.85% for FGSI and 0.78% for DBO.