PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
FTQI vs. DBE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FTQI vs. DBE

Last updated Jun 5, 2026

FTQI (First Trust Nasdaq BuyWrite Income ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - FTQI is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, FTQI returned 8.00%/yr vs 11.58%/yr for DBE. At a 0.15 correlation, their price movements are largely independent. FTQI charges 0.75%/yr vs 0.78%/yr for DBE.

Performance

FTQI vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq BuyWrite Income ETF (FTQI) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, FTQI achieves a 11.03% return, which is significantly lower than DBE's 79.04% return. Over the past 10 years, FTQI has underperformed DBE with an annualized return of 8.00%, while DBE has yielded a comparatively higher 11.58% annualized return.

FTQI

1D
0.23%
1M
4.05%
YTD
11.03%
6M
11.53%
1Y
28.07%
3Y*
17.30%
5Y*
10.97%
10Y*
8.00%

DBE

1D
-2.52%
1M
-6.01%
YTD
79.04%
6M
69.31%
1Y
81.31%
3Y*
22.41%
5Y*
19.05%
10Y*
11.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FTQI vs. DBE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FTQI
First Trust Nasdaq BuyWrite Income ETF		11.03%12.68%18.30%23.63%-8.77%10.46%-6.54%13.98%-9.78%12.47%
DBE
Invesco DB Energy Fund		79.04%-2.17%2.96%-12.14%33.77%57.56%-25.91%19.72%-12.95%5.21%

Correlation

The correlation between FTQI and DBE is -0.29, 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

-0.29

Correlation (3Y)
Calculated over the trailing 3-year period

-0.07

Correlation (5Y)
Calculated over the trailing 5-year period

0.10

Correlation (10Y)
Calculated over the trailing 10-year period

0.16

Correlation (All Time)
Calculated using the full available price history since Jan 8, 2014

0.15

The correlation between FTQI and DBE shifts across timeframes, from -0.29 (1 year) to 0.16 (10 years), 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.

First Trust Nasdaq BuyWrite Income ETF

Invesco DB Energy Fund

Often compared with FTQI:
FTQI vs. FTHIFTQI vs. JEPQFTQI vs. QYLDFTQI vs. QQQIFTQI vs. TUGNFTQI vs. SPYIFTQI vs. SPY
Often compared with DBE:
DBE vs. DBBDBE vs. XLEDBE vs. VDEDBE vs. XLKDBE vs. COMTDBE vs. GLDDBE vs. TIP

Return for Risk

FTQI vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FTQI
FTQI Risk / Return Rank: 8686
Overall Rank
FTQI Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
FTQI Sortino Ratio Rank: 8585
Sortino Ratio Rank
FTQI Omega Ratio Rank: 8686
Omega Ratio Rank
FTQI Calmar Ratio Rank: 8484
Calmar Ratio Rank
FTQI Martin Ratio Rank: 9191
Martin Ratio Rank
DBE
DBE Risk / Return Rank: 7171
Overall Rank
DBE Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
DBE Sortino Ratio Rank: 6262
Sortino Ratio Rank
DBE Omega Ratio Rank: 6565
Omega Ratio Rank
DBE Calmar Ratio Rank: 9191
Calmar Ratio Rank
DBE Martin Ratio Rank: 6262
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTQI vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq BuyWrite Income ETF (FTQI) 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.

FTQIDBEDifference
Sharpe ratioReturn per unit of total volatility
2.73
2.33

+0.40

Sortino ratioReturn per unit of downside risk
3.76
2.87

+0.89

Omega ratioGain probability vs. loss probability

1.52

1.39

+0.14

Calmar ratioReturn relative to maximum drawdown

4.52

5.67

-1.15

Martin ratioReturn relative to average drawdown

21.94

11.08

+10.87

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTQI vs. DBE - Sharpe Ratio Comparison

The current FTQI Sharpe Ratio is 2.73, which is comparable to the DBE Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of FTQI and DBE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

FTQIDBEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.73

2.33

+0.40

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.74

0.65

+0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

0.41

+0.19

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.09

+0.44

Drawdowns

FTQI vs. DBE - Drawdown Comparison

The maximum FTQI drawdown since its inception was -19.42%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for FTQI and DBE.

Loading charts...

Drawdown Indicators

FTQIDBEDifference

Max Drawdown

Largest peak-to-trough decline

-19.42%

-86.69%

+67.27%

Max Drawdown (1Y)

Largest decline over 1 year

-6.24%

-14.41%

+8.17%

Max Drawdown (3Y)

Largest decline over 3 years

-19.42%

-23.89%

+4.47%

Max Drawdown (5Y)

Largest decline over 5 years

-19.42%

-38.74%

+19.32%

Max Drawdown (10Y)

Largest decline over 10 years

-19.42%

-60.84%

+41.42%

Current Drawdown

Current decline from peak

0.00%

-32.03%

+32.03%

Average Drawdown

Average peak-to-trough decline

-3.75%

-57.30%

+53.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.28%

7.37%

-6.09%

Volatility

FTQI vs. DBE - Volatility Comparison

The current volatility for First Trust Nasdaq BuyWrite Income ETF (FTQI) is 1.66%, while Invesco DB Energy Fund (DBE) has a volatility of 13.05%. This indicates that FTQI 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

FTQIDBEDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.66%

13.05%

-11.39%

Volatility (6M)

Calculated over the trailing 6-month period

8.24%

30.97%

-22.73%

Volatility (1Y)

Calculated over the trailing 1-year period

10.33%

35.07%

-24.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.81%

29.41%

-14.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.35%

28.34%

-14.99%

FTQI vs. DBE - Expense Ratio Comparison

FTQI has a 0.75% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

FTQI vs. DBE - Dividend Comparison

FTQI's dividend yield for the trailing twelve months is around 10.94%, more than DBE's 2.16% yield.

PositionTTM20252024202320222021202020192018201720162015
DBE
Invesco DB Energy Fund		2.16%3.86%6.32%3.87%0.75%0.00%0.00%1.79%1.67%0.00%0.00%0.00%
FTQI
First Trust Nasdaq BuyWrite Income ETF		10.94%11.46%11.66%11.49%9.85%3.05%3.27%2.95%3.27%2.74%3.02%3.54%

Frequently Asked Questions

FTQI and DBE have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DBE has higher volatility (13.05%) compared to FTQI (1.66%). In terms of maximum drawdown, FTQI dropped -19.42% vs DBE's -86.69%.

On 10-year performance, DBE leads with 11.58% vs 8.00% for FTQI. On fees, FTQI is cheaper at 0.75% per year. On volatility, FTQI has been the lower-risk option at 1.66%. 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 11.58% return vs 8.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FTQI is cheaper with a 0.75% expense ratio, compared with 0.78% for DBE.

FTQI has the higher dividend yield at 10.94%, compared with 2.16% for DBE.

FTQI is categorized as Nasdaq-100, while DBE is Oil & Gas. FTQI tracks NASDAQ-100 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 FTQI and 0.78% for DBE.

FTQI currently has the higher Sharpe Ratio (2.73 vs 2.33), 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.

Portfolio Optimizer

Find the right allocation for FTQI 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