FLKR vs. DBE
FLKR (Franklin FTSE South Korea ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - FLKR is a Asia Pacific Equities fund tracking the FTSE South Korea 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, FLKR returned 19.48%/yr vs 19.66%/yr for DBE. At a 0.16 correlation, their price movements are largely independent. FLKR charges 0.09%/yr vs 0.78%/yr for DBE.
Performance
FLKR vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, FLKR achieves a 114.41% return, which is significantly higher than DBE's 83.68% return.
FLKR
- 1D
- -0.79%
- 1M
- 29.00%
- YTD
- 114.41%
- 6M
- 130.14%
- 1Y
- 238.40%
- 3Y*
- 51.14%
- 5Y*
- 19.48%
- 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%
FLKR vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLKR Franklin FTSE South Korea ETF | 114.41% | 91.91% | -18.84% | 19.16% | -27.50% | -7.54% | 42.64% | 8.88% | -21.30% | 2.84% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 0.97% |
Correlation
The correlation between FLKR and DBE is -0.24, 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 | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2017 | 0.16 |
The correlation between FLKR and DBE shifts across timeframes, from -0.24 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLKR vs. DBE — Risk / Return Rank
FLKR
DBE
FLKR vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE South Korea ETF (FLKR) 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.
| FLKR | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.40 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 1.40 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 10.42 | 5.89 | +4.53 |
| Martin ratioReturn relative to average drawdown | 38.67 | 11.53 | +27.14 |
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
| FLKR | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.83 | 2.43 | +3.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.67 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.09 | +0.46 |
Drawdowns
FLKR vs. DBE - Drawdown Comparison
The maximum FLKR drawdown since its inception was -50.06%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for FLKR and DBE.
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Drawdown Indicators
| FLKR | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.06% | -86.69% | +36.63% |
Max Drawdown (1Y)Largest decline over 1 year | -23.03% | -14.41% | -8.62% |
Max Drawdown (3Y)Largest decline over 3 years | -26.39% | -23.89% | -2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -49.51% | -38.74% | -10.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -1.77% | -30.27% | +28.50% |
Average DrawdownAverage peak-to-trough decline | -22.07% | -57.31% | +35.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.20% | 7.35% | -1.15% |
Volatility
FLKR vs. DBE - Volatility Comparison
Franklin FTSE South Korea ETF (FLKR) has a higher volatility of 20.21% compared to Invesco DB Energy Fund (DBE) at 12.95%. This indicates that FLKR's price experiences larger fluctuations and is considered to be riskier 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
| FLKR | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.21% | 12.95% | +7.26% |
Volatility (6M)Calculated over the trailing 6-month period | 36.52% | 30.86% | +5.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.18% | 34.97% | +6.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.19% | 29.39% | -1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.56% | 28.33% | -0.77% |
FLKR vs. DBE - Expense Ratio Comparison
FLKR has a 0.09% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
FLKR vs. DBE - Dividend Comparison
FLKR's dividend yield for the trailing twelve months is around 1.80%, less than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.10% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% |
FLKR Franklin FTSE South Korea ETF | 1.80% | 3.87% | 7.08% | 2.28% | 3.13% | 2.12% | 0.99% | 2.09% | 1.86% | 1.02% |
Frequently Asked Questions
FLKR and DBE have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLKR has higher volatility (20.21%) compared to DBE (12.95%). In terms of maximum drawdown, FLKR dropped -50.06% vs DBE's -86.69%.
On 5-year performance, DBE leads with 19.66% vs 19.48% for FLKR. On fees, FLKR is cheaper at 0.09% per year. On volatility, DBE has been the lower-risk option at 12.95%. 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 19.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLKR is cheaper with a 0.09% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.10%, compared with 1.80% for FLKR.
FLKR is categorized as Asia Pacific Equities, while DBE is Oil & Gas. FLKR tracks FTSE South Korea 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: 0.09% for FLKR and 0.78% for DBE.
FLKR currently has the higher Sharpe Ratio (5.83 vs 2.43), 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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