FLIA vs. DBE
FLIA (Franklin Liberty International Aggregate Bond ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - FLIA is a International Government Bonds fund actively managed by Franklin Templeton, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. FLIA is actively managed, while DBE is passively managed. Over the past 5 years, FLIA returned 1.05%/yr vs 13.92%/yr for DBE. At a correlation of -0.13, they often move in opposite directions. FLIA charges 0.25%/yr vs 0.78%/yr for DBE.
Performance
FLIA vs. DBE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLIA achieves a 1.88% return, which is significantly lower than DBE's 48.87% return.
FLIA
- 1D
- 0.24%
- 1M
- 1.02%
- YTD
- 1.88%
- 6M
- 1.57%
- 1Y
- 2.37%
- 3Y*
- 3.57%
- 5Y*
- 1.05%
- 10Y*
- —
DBE
- 1D
- -3.31%
- 1M
- -19.00%
- YTD
- 48.87%
- 6M
- 46.64%
- 1Y
- 44.16%
- 3Y*
- 15.52%
- 5Y*
- 13.92%
- 10Y*
- 9.75%
FLIA vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLIA Franklin Liberty International Aggregate Bond ETF | 1.88% | 2.12% | 2.42% | 7.17% | -7.68% | -1.98% | 1.37% | 7.58% | -2.32% |
DBE Invesco DB Energy Fund | 48.87% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -24.53% |
Correlation
The correlation between FLIA and DBE is -0.43, 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 | -0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2018 | -0.13 |
Over the past year, the inverse relationship between FLIA and DBE has strengthened: their correlation has moved from -0.13 to -0.43, meaning they now move in opposite directions more often than their long-term average.
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
FLIA vs. DBE — Risk / Return Rank
FLIA
DBE
FLIA vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty International Aggregate Bond ETF (FLIA) 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.
| FLIA | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.23 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.86 | -0.69 |
| Martin ratioReturn relative to average drawdown | 3.07 | 6.74 | -3.67 |
Loading charts...
Drawdowns
FLIA vs. DBE - Drawdown Comparison
The maximum FLIA drawdown since its inception was -11.24%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for FLIA and DBE.
Loading charts...
Drawdown Indicators
| FLIA | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.24% | -86.69% | +75.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.04% | -23.89% | +21.85% |
Max Drawdown (3Y)Largest decline over 3 years | -2.77% | -23.89% | +21.12% |
Max Drawdown (5Y)Largest decline over 5 years | -9.42% | -38.74% | +29.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | 0.00% | -43.48% | +43.48% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -57.24% | +53.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 6.57% | -5.79% |
Volatility
FLIA vs. DBE - Volatility Comparison
The current volatility for Franklin Liberty International Aggregate Bond ETF (FLIA) is 0.67%, while Invesco DB Energy Fund (DBE) has a volatility of 9.69%. This indicates that FLIA 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
| FLIA | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 9.69% | -9.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 31.65% | -29.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 34.90% | -31.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.42% | 29.62% | -25.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.70% | 28.36% | -23.66% |
FLIA vs. DBE - Expense Ratio Comparison
FLIA has a 0.25% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
FLIA vs. DBE - Dividend Comparison
FLIA's dividend yield for the trailing twelve months is around 2.67%, more than DBE's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.60% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
FLIA Franklin Liberty International Aggregate Bond ETF | 2.67% | 2.62% | 2.97% | 0.93% | 18.12% | 2.26% | 0.43% | 2.93% | 1.23% |
Frequently Asked Questions
FLIA and DBE have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (9.69%) compared to FLIA (0.67%). In terms of maximum drawdown, FLIA dropped -11.24% vs DBE's -86.69%.
On 5-year performance, DBE leads with 13.92% vs 1.05% for FLIA. On fees, FLIA is cheaper at 0.25% per year. On volatility, FLIA has been the lower-risk option at 0.67%. 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 13.92% return vs 1.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLIA is cheaper with a 0.25% expense ratio, compared with 0.78% for DBE.
FLIA has the higher dividend yield at 2.67%, compared with 2.60% for DBE.
FLIA is categorized as International Government Bonds, while DBE is Oil & Gas. They also come from different issuers: Franklin Templeton and Invesco. Their fees differ too: 0.25% for FLIA and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.28 vs 0.72), 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 FLIA 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