FTSD vs. DBE
FTSD (Franklin Short Duration U.S. Government ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - FTSD is a Mortgage Backed Securities fund actively managed by Franklin Templeton, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. FTSD is actively managed, while DBE is passively managed. Over the past 10 years, FTSD returned 2.10%/yr vs 13.17%/yr for DBE. Their -0.07 correlation means they have often moved in opposite directions in the past. FTSD charges 0.25%/yr vs 0.78%/yr for DBE.
Performance
FTSD vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, FTSD achieves a 1.24% return, which is significantly lower than DBE's 78.87% return. Over the past 10 years, FTSD has underperformed DBE with an annualized return of 2.10%, while DBE has yielded a comparatively higher 13.17% annualized return.
FTSD
- 1D
- 0.00%
- 1M
- 0.05%
- 6M
- 0.99%
- YTD
- 1.24%
- 1Y
- 3.75%
- 3Y*
- 5.00%
- 5Y*
- 2.57%
- 10Y*
- 2.10%
- ALL TIME*
- 1.80%
DBE
- 1D
- 1.13%
- 1M
- 21.13%
- 6M
- 53.89%
- YTD
- 78.87%
- 1Y
- 68.62%
- 3Y*
- 17.16%
- 5Y*
- 17.73%
- 10Y*
- 13.17%
- ALL TIME*
- 2.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.24M | $1.18M | $1.76M | |
| $2.17M | $2.80M | $2.13M |
FTSD vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTSD Franklin Short Duration U.S. Government ETF | 1.24% | 5.66% | 5.20% | 4.84% | -3.13% | -0.90% | 3.13% | 2.40% | 1.64% | 0.63% |
DBE Invesco DB Energy Fund | 78.87% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between FTSD and DBE is -0.31, 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. | -0.31 |
Correlation (3Y) Balances recent behavior with more history. | -0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2013 | -0.07 |
Over the past year, the inverse relationship between FTSD and DBE has strengthened: their correlation has moved from -0.07 to -0.31, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
FTSD vs. DBE — Risk / Return Rank
FTSD
DBE
FTSD vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Short Duration U.S. Government ETF (FTSD) 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.
| FTSD | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.29 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 8.64 | 2.59 | +6.04 |
| Martin ratioReturn relative to average drawdown | 32.41 | 8.14 | +24.27 |
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Drawdowns
FTSD vs. DBE - Drawdown Comparison
The maximum FTSD drawdown since its inception was -5.32%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for FTSD and DBE.
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Drawdown Indicators
| FTSD | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.32% | -86.69% | +81.37% |
Max Drawdown (1Y)Largest decline over 1 year | -0.45% | -24.72% | +24.27% |
Max Drawdown (3Y)Largest decline over 3 years | -0.93% | -24.72% | +23.79% |
Max Drawdown (5Y)Largest decline over 5 years | -4.95% | -38.74% | +33.79% |
Max Drawdown (10Y)Largest decline over 10 years | -5.32% | -60.84% | +55.52% |
Current DrawdownCurrent decline from peak | 0.00% | -32.09% | +32.09% |
Average DrawdownAverage peak-to-trough decline | -0.60% | -57.13% | +56.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 8.15% | -8.03% |
Volatility
FTSD vs. DBE - Volatility Comparison
The current volatility for Franklin Short Duration U.S. Government ETF (FTSD) is 0.32%, while Invesco DB Energy Fund (DBE) has a volatility of 14.12%. This indicates that FTSD 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
| FTSD | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.32% | 14.12% | -13.80% |
Volatility (6M)Calculated over the trailing 6-month period | 1.09% | 33.95% | -32.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 37.47% | -36.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.87% | 30.09% | -28.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.76% | 28.58% | -26.82% |
FTSD vs. DBE - Expense Ratio Comparison
FTSD has a 0.25% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
FTSD vs. DBE - Dividend Comparison
FTSD's dividend yield for the trailing twelve months is around 4.48%, more than DBE's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FTSD Franklin Short Duration U.S. Government ETF | 4.05% | 4.67% | 4.75% | 4.14% | 1.73% | 1.01% | 1.54% | 2.90% | 2.63% | 2.24% | 1.92% | 1.52% |
Frequently Asked Questions
FTSD and DBE have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (14.12%) compared to FTSD (0.32%). In terms of maximum drawdown, FTSD dropped -5.32% vs DBE's -86.69%.
On 10-year performance, DBE leads with 13.17% vs 2.10% for FTSD. On fees, FTSD is cheaper at 0.25% per year. On volatility, FTSD has been the lower-risk option at 0.32%. 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 13.17% return vs 2.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTSD is cheaper with a 0.25% expense ratio, compared with 0.78% for DBE.
FTSD has the higher dividend yield at 4.05%, compared with 2.16% for DBE.
FTSD is categorized as Mortgage Backed Securities, while DBE is Oil & Gas. They also come from different issuers: Franklin Templeton and Invesco. Their fees differ too: 0.25% for FTSD and 0.78% for DBE.
FTSD currently has the higher Sharpe Ratio (2.86 vs 1.71), 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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