FTHI vs. DBE
FTHI (First Trust BuyWrite Income ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - FTHI is a Derivative Income fund actively managed by First Trust, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. FTHI is actively managed, while DBE is passively managed. Over the past 10 years, FTHI returned 8.54%/yr vs 12.03%/yr for DBE. At a 0.20 correlation, their price movements are largely independent. FTHI charges 0.85%/yr vs 0.78%/yr for DBE.
Performance
FTHI vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, FTHI achieves a 4.79% return, which is significantly lower than DBE's 83.68% return. Over the past 10 years, FTHI has underperformed DBE with an annualized return of 8.54%, while DBE has yielded a comparatively higher 12.03% annualized return.
FTHI
- 1D
- -0.17%
- 1M
- 1.75%
- YTD
- 4.79%
- 6M
- 5.22%
- 1Y
- 16.43%
- 3Y*
- 14.50%
- 5Y*
- 10.17%
- 10Y*
- 8.54%
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%
FTHI vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTHI First Trust BuyWrite Income ETF | 4.79% | 11.03% | 19.02% | 20.72% | -4.37% | 13.95% | -7.13% | 18.16% | -9.72% | 14.41% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between FTHI and DBE is -0.30, 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 | -0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2014 | 0.20 |
The correlation between FTHI and DBE shifts across timeframes, from -0.30 (1 year) to 0.21 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
FTHI vs. DBE — Risk / Return Rank
FTHI
DBE
FTHI vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust BuyWrite Income ETF (FTHI) 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.
| FTHI | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.40 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 5.89 | -2.87 |
| Martin ratioReturn relative to average drawdown | 13.19 | 11.53 | +1.66 |
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
| FTHI | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 2.43 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.67 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.43 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.09 | +0.44 |
Drawdowns
FTHI vs. DBE - Drawdown Comparison
The maximum FTHI drawdown since its inception was -32.65%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for FTHI and DBE.
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Drawdown Indicators
| FTHI | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.65% | -86.69% | +54.04% |
Max Drawdown (1Y)Largest decline over 1 year | -5.47% | -14.41% | +8.94% |
Max Drawdown (3Y)Largest decline over 3 years | -15.92% | -23.89% | +7.97% |
Max Drawdown (5Y)Largest decline over 5 years | -16.70% | -38.74% | +22.04% |
Max Drawdown (10Y)Largest decline over 10 years | -32.65% | -60.84% | +28.19% |
Current DrawdownCurrent decline from peak | -0.17% | -30.27% | +30.10% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -57.31% | +53.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 7.35% | -6.10% |
Volatility
FTHI vs. DBE - Volatility Comparison
The current volatility for First Trust BuyWrite Income ETF (FTHI) is 1.67%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that FTHI 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
| FTHI | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 12.95% | -11.28% |
Volatility (6M)Calculated over the trailing 6-month period | 7.05% | 30.86% | -23.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.81% | 34.97% | -26.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.44% | 29.39% | -15.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.33% | 28.33% | -14.00% |
FTHI vs. DBE - Expense Ratio Comparison
FTHI has a 0.85% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
FTHI vs. DBE - Dividend Comparison
FTHI's dividend yield for the trailing twelve months is around 8.73%, more than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
FTHI First Trust BuyWrite Income ETF | 8.73% | 8.70% | 8.61% | 8.50% | 9.06% | 4.37% | 4.76% | 4.21% | 4.76% | 4.00% | 4.41% | 4.98% |
Frequently Asked Questions
FTHI and DBE have a correlation of -0.30, 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 FTHI (1.67%). In terms of maximum drawdown, FTHI dropped -32.65% vs DBE's -86.69%.
On 10-year performance, DBE leads with 12.03% vs 8.54% for FTHI. On fees, DBE is cheaper at 0.78% per year. On volatility, FTHI has been the lower-risk option at 1.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBE has performed better with a 12.03% return vs 8.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 0.85% for FTHI.
FTHI has the higher dividend yield at 8.73%, compared with 2.10% for DBE.
FTHI is categorized as Derivative Income, while DBE is Oil & Gas. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.85% for FTHI and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.43 vs 1.87), 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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