FLIN vs. DBE
FLIN (Franklin FTSE India ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - FLIN is a Asia Pacific Equities fund tracking the FTSE India RIC Capped Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, FLIN returned 3.56%/yr vs 19.66%/yr for DBE. At a 0.10 correlation, their price movements are largely independent. FLIN charges 0.19%/yr vs 0.78%/yr for DBE.
Performance
FLIN vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, FLIN achieves a -11.92% return, which is significantly lower than DBE's 83.68% return.
FLIN
- 1D
- -1.51%
- 1M
- -2.58%
- YTD
- -11.92%
- 6M
- -10.85%
- 1Y
- -11.63%
- 3Y*
- 5.53%
- 5Y*
- 3.56%
- 10Y*
- —
DBE
- 1D
- 2.33%
- 1M
- -5.45%
- YTD
- 83.68%
- 6M
- 74.95%
- 1Y
- 84.41%
- 3Y*
- 23.42%
- 5Y*
- 19.66%
- 10Y*
- 12.03%
FLIN vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLIN Franklin FTSE India ETF | -11.92% | 2.40% | 10.33% | 20.58% | -7.96% | 24.96% | 14.50% | 4.77% | -6.70% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -10.99% |
Correlation
The correlation between FLIN and DBE is -0.33, 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 | -0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2018 | 0.10 |
The correlation between FLIN and DBE shifts across timeframes, from -0.33 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLIN vs. DBE — Risk / Return Rank
FLIN
DBE
FLIN vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE India ETF (FLIN) 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.
| FLIN | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.21 | ||
| Sortino ratioReturn per unit of downside risk | -4.02 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.40 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 5.89 | -6.51 |
| Martin ratioReturn relative to average drawdown | -1.54 | 11.53 | -13.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLIN | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.78 | 2.43 | -3.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.67 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.09 | +0.17 |
Drawdowns
FLIN vs. DBE - Drawdown Comparison
The maximum FLIN drawdown since its inception was -41.90%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for FLIN and DBE.
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Drawdown Indicators
| FLIN | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.90% | -86.69% | +44.79% |
Max Drawdown (1Y)Largest decline over 1 year | -18.79% | -14.41% | -4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -23.89% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -22.85% | -38.74% | +15.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -18.91% | -30.27% | +11.36% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -57.31% | +49.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.57% | 7.35% | +0.22% |
Volatility
FLIN vs. DBE - Volatility Comparison
The current volatility for Franklin FTSE India ETF (FLIN) is 5.21%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that FLIN 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
| FLIN | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 12.95% | -7.74% |
Volatility (6M)Calculated over the trailing 6-month period | 12.81% | 30.86% | -18.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.92% | 34.97% | -20.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.74% | 29.39% | -13.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.45% | 28.33% | -7.88% |
FLIN vs. DBE - Expense Ratio Comparison
FLIN has a 0.19% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
FLIN vs. DBE - Dividend Comparison
FLIN's dividend yield for the trailing twelve months is around 0.64%, less than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.10% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
FLIN Franklin FTSE India ETF | 0.64% | 0.56% | 1.58% | 0.73% | 0.73% | 2.26% | 0.68% | 0.90% | 0.92% |
Frequently Asked Questions
FLIN and DBE have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (12.95%) compared to FLIN (5.21%). In terms of maximum drawdown, FLIN dropped -41.90% vs DBE's -86.69%.
On 5-year performance, DBE leads with 19.66% vs 3.56% for FLIN. On fees, FLIN is cheaper at 0.19% per year. On volatility, FLIN has been the lower-risk option at 5.21%. 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 19.66% return vs 3.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLIN is cheaper with a 0.19% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.10%, compared with 0.64% for FLIN.
FLIN is categorized as Asia Pacific Equities, while DBE is Oil & Gas. FLIN tracks FTSE India RIC Capped Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Franklin Templeton and Invesco. Their fees differ too: 0.19% for FLIN and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.43 vs -0.78), 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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