FLIN vs. DBE
FLIN (Franklin FTSE India ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - FLIN is a India 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 4.41%/yr vs 17.82%/yr for DBE. Their 0.08 correlation means their historical movements had little consistent relationship. FLIN charges 0.19%/yr vs 0.78%/yr for DBE.
Performance
FLIN vs. DBE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLIN achieves a -6.92% return, which is significantly lower than DBE's 71.26% return.
FLIN
- 1D
- 0.67%
- 1M
- 0.73%
- 6M
- -5.45%
- YTD
- -6.92%
- 1Y
- -4.62%
- 3Y*
- 5.63%
- 5Y*
- 4.41%
- 10Y*
- —
- ALL TIME*
- 5.89%
DBE
- 1D
- -4.26%
- 1M
- 15.98%
- 6M
- 57.84%
- YTD
- 71.26%
- 1Y
- 61.44%
- 3Y*
- 15.22%
- 5Y*
- 17.82%
- 10Y*
- 12.24%
- ALL TIME*
- 2.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.27M | $1.08M | $1.67M | |
| $24.21M | $28.81M | $28.13M |
FLIN vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLIN Franklin FTSE India ETF | -6.92% | 2.40% | 10.33% | 20.58% | -7.96% | 24.96% | 14.50% | 4.77% | -7.13% |
DBE Invesco DB Energy Fund | 71.26% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.29% |
Correlation
The correlation between FLIN and DBE is -0.42, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.42 |
Correlation (3Y) Balances recent behavior with more history. | -0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2018 | 0.08 |
The correlation between FLIN and DBE shifts across timeframes, from -0.42 (1 year) to 0.08 (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
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.
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.
| FLIN | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.56 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.28 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 2.50 | -2.75 |
| Martin ratioReturn relative to average drawdown | -0.57 | 7.82 | -8.38 |
Loading charts...
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.
Loading charts...
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 | -18.25% | -24.72% | +6.47% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -24.72% | +1.87% |
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 | -14.31% | -34.98% | +20.67% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -57.13% | +48.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.19% | 7.90% | +0.29% |
Volatility
FLIN vs. DBE - Volatility Comparison
The current volatility for Franklin FTSE India ETF (FLIN) is 4.09%, while Invesco DB Energy Fund (DBE) has a volatility of 15.07%. 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.
Loading charts...
Volatility by Period
| FLIN | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 15.07% | -10.98% |
Volatility (6M)Calculated over the trailing 6-month period | 13.22% | 34.26% | -21.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.41% | 37.66% | -22.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.81% | 30.15% | -14.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.35% | 28.60% | -8.25% |
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 0.42%, less than DBE's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.26% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
FLIN Franklin FTSE India ETF | 0.42% | 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 -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (15.07%) compared to FLIN (4.09%). In terms of maximum drawdown, FLIN dropped -41.90% vs DBE's -86.69%.
On 5-year performance, DBE leads with 17.82% vs 4.41% for FLIN. On fees, FLIN is cheaper at 0.19% per year. On volatility, FLIN has been the lower-risk option at 4.09%. 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 17.82% return vs 4.41%. 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 2.26%, compared with 0.42% for FLIN.
FLIN is categorized as India 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 (1.64 vs -0.30), 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 FLIN 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