HIDV vs. DBE

Last updated Jul 17, 2026

HIDV (AB US High Dividend ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - HIDV is a Large Cap Value Equities fund actively managed by AllianceBernstein, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. HIDV is actively managed, while DBE is passively managed. Over the past 3 years, HIDV returned 20.54%/yr vs 17.96%/yr for DBE. At a correlation of -0.02, they often move in opposite directions. HIDV charges 0.45%/yr vs 0.78%/yr for DBE.

Performance

HIDV vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB US High Dividend ETF (HIDV) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HIDV achieves a 13.17% return, which is significantly lower than DBE's 68.39% return.

HIDV

• 1D: -0.00%
• 1M: 1.85%
• 6M: 11.06%
• YTD: 13.17%
• 1Y: 24.25%
• 3Y*: 20.54%
• 5Y*: —
• 10Y*: —

DBE

• 1D: -1.09%
• 1M: 6.25%
• 6M: 65.69%
• YTD: 68.39%
• 1Y: 57.64%
• 3Y*: 17.96%
• 5Y*: 17.10%
• 10Y*: 11.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HIDV vs. DBE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HIDV AB US High Dividend ETF	13.17%	14.64%	26.01%	20.30%
DBE Invesco DB Energy Fund	68.39%	-2.17%	2.96%	1.05%

Correlation

The correlation between HIDV and DBE is -0.27, 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	-0.27
Correlation (3Y) Calculated over the trailing 3-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Mar 22, 2023	-0.02

Over the past year, the inverse relationship between HIDV and DBE has strengthened: their correlation has moved from -0.02 to -0.27, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

HIDV vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HIDV

HIDV Risk / Return Rank: 75
HIDV Sharpe Ratio Rank: 79
HIDV Sortino Ratio Rank: 79
HIDV Omega Ratio Rank: 78
HIDV Calmar Ratio Rank: 63
HIDV Martin Ratio Rank: 74

DBE

DBE Risk / Return Rank: 57
DBE Sharpe Ratio Rank: 60
DBE Sortino Ratio Rank: 57
DBE Omega Ratio Rank: 55
DBE Calmar Ratio Rank: 58
DBE Martin Ratio Rank: 52

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.

HIDV vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB US High Dividend ETF (HIDV) 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.

	HIDV	DBE	Difference
Sharpe ratio: Return per unit of total volatility	2.00	1.61	+0.39
Sortino ratio: Return per unit of downside risk	2.81	2.21	+0.60
Omega ratio: Gain probability vs. loss probability	1.36	1.28	+0.08
Calmar ratio: Return relative to maximum drawdown	2.54	2.34	+0.20
Martin ratio: Return relative to average drawdown	10.78	7.00	+3.78

HIDV vs. DBE - Sharpe Ratio Comparison

The current HIDV Sharpe Ratio is 2.00, which is comparable to the DBE Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of HIDV 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.

Drawdowns

HIDV vs. DBE - Drawdown Comparison

The maximum HIDV drawdown since its inception was -18.76%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for HIDV and DBE.

Drawdown Indicators

	HIDV	DBE	Difference
Max Drawdown Largest peak-to-trough decline	-18.76%	-86.69%	+67.93%
Max Drawdown (1Y) Largest decline over 1 year	-9.57%	-24.72%	+15.15%
Max Drawdown (3Y) Largest decline over 3 years	-18.76%	-24.72%	+5.96%
Max Drawdown (5Y) Largest decline over 5 years	—	-38.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-60.84%	—
Current Drawdown Current decline from peak	-0.00%	-36.07%	+36.07%
Average Drawdown Average peak-to-trough decline	-2.03%	-57.19%	+55.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	8.26%	-6.01%

Volatility

HIDV vs. DBE - Volatility Comparison

The current volatility for AB US High Dividend ETF (HIDV) is 3.23%, while Invesco DB Energy Fund (DBE) has a volatility of 11.68%. This indicates that HIDV 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.

Volatility by Period

	HIDV	DBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	11.68%	-8.45%
Volatility (6M) Calculated over the trailing 6-month period	9.57%	32.70%	-23.13%
Volatility (1Y) Calculated over the trailing 1-year period	12.19%	35.99%	-23.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.47%	29.88%	-15.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.47%	28.39%	-13.92%

HIDV vs. DBE - Expense Ratio Comparison

HIDV has a 0.45% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

HIDV vs. DBE - Dividend Comparison

HIDV's dividend yield for the trailing twelve months is around 2.29%, which matches DBE's 2.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBE Invesco DB Energy Fund	2.29%	3.86%	6.32%	3.87%	0.75%	0.00%	0.00%	1.79%	1.67%
HIDV AB US High Dividend ETF	2.29%	2.22%	2.29%	2.23%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HIDV and DBE in my portfolio?

HIDV and DBE have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HIDV or DBE?

DBE has higher volatility (11.68%) compared to HIDV (3.23%). In terms of maximum drawdown, HIDV dropped -18.76% vs DBE's -86.69%.

Which ETF is better, HIDV or DBE?

On 3-year performance, HIDV leads with 20.54% vs 17.96% for DBE. On fees, HIDV is cheaper at 0.45% per year. On volatility, HIDV has been the lower-risk option at 3.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HIDV or DBE?

Over the 3-year period, HIDV has performed better with a 20.54% return vs 17.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HIDV or DBE?

HIDV is cheaper with a 0.45% expense ratio, compared with 0.78% for DBE.

Which ETF pays a higher dividend yield, HIDV or DBE?

HIDV and DBE have nearly identical dividend yields, around 2.29%.

What is the main difference between HIDV and DBE?

HIDV is categorized as Large Cap Value Equities, while DBE is Oil & Gas. They also come from different issuers: AllianceBernstein and Invesco. Their fees differ too: 0.45% for HIDV and 0.78% for DBE.

Which has better risk-adjusted returns?

HIDV currently has the higher Sharpe Ratio (2.00 vs 1.61), 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.