FTHF vs. DBE
FTHF (First Trust Emerging Markets Human Flourishing ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - FTHF is a Emerging Markets Diversified fund tracking the Emerging Markets Human Flourishing Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past year, FTHF returned 109.33% vs 84.41% for DBE. At a correlation of -0.03, they often move in opposite directions. FTHF charges 0.75%/yr vs 0.78%/yr for DBE.
Performance
FTHF vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, FTHF achieves a 51.24% return, which is significantly lower than DBE's 83.68% return.
FTHF
- 1D
- -1.84%
- 1M
- 15.16%
- YTD
- 51.24%
- 6M
- 61.52%
- 1Y
- 109.33%
- 3Y*
- —
- 5Y*
- —
- 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%
FTHF vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FTHF First Trust Emerging Markets Human Flourishing ETF | 51.24% | 65.30% | -8.14% | 18.14% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -11.20% |
Correlation
The correlation between FTHF and DBE is -0.32, 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 | -0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023 | -0.03 |
Over the past year, the inverse relationship between FTHF and DBE has strengthened: their correlation has moved from -0.03 to -0.32, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
FTHF vs. DBE — Risk / Return Rank
FTHF
DBE
FTHF vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Emerging Markets Human Flourishing ETF (FTHF) 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.
| FTHF | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.40 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 6.74 | 5.89 | +0.85 |
| Martin ratioReturn relative to average drawdown | 18.95 | 11.53 | +7.42 |
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
| FTHF | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.36 | 2.43 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.86 | 0.09 | +1.77 |
Drawdowns
FTHF vs. DBE - Drawdown Comparison
The maximum FTHF drawdown since its inception was -17.36%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for FTHF and DBE.
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Drawdown Indicators
| FTHF | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.36% | -86.69% | +69.33% |
Max Drawdown (1Y)Largest decline over 1 year | -16.31% | -14.41% | -1.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.89% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -1.84% | -30.27% | +28.43% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -57.31% | +53.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.79% | 7.35% | -1.56% |
Volatility
FTHF vs. DBE - Volatility Comparison
The current volatility for First Trust Emerging Markets Human Flourishing ETF (FTHF) is 12.15%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that FTHF 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
| FTHF | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.15% | 12.95% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 24.47% | 30.86% | -6.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.76% | 34.97% | -2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.45% | 29.39% | -3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.45% | 28.33% | -2.88% |
FTHF vs. DBE - Expense Ratio Comparison
FTHF has a 0.75% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
FTHF vs. DBE - Dividend Comparison
FTHF's dividend yield for the trailing twelve months is around 2.98%, more 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% |
FTHF First Trust Emerging Markets Human Flourishing ETF | 2.98% | 4.40% | 3.34% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTHF and DBE have a correlation of -0.32, 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 FTHF (12.15%). In terms of maximum drawdown, FTHF dropped -17.36% vs DBE's -86.69%.
On 1-year performance, FTHF leads with 109.33% vs 84.41% for DBE. On fees, FTHF is cheaper at 0.75% per year. On volatility, FTHF has been the lower-risk option at 12.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FTHF has performed better with a 109.33% return vs 84.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTHF is cheaper with a 0.75% expense ratio, compared with 0.78% for DBE.
FTHF has the higher dividend yield at 2.98%, compared with 2.10% for DBE.
FTHF is categorized as Emerging Markets Diversified, while DBE is Oil & Gas. FTHF tracks Emerging Markets Human Flourishing Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.75% for FTHF and 0.78% for DBE.
FTHF currently has the higher Sharpe Ratio (3.36 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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