HTUS vs. DBE
HTUS (Hull Tactical US ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - HTUS is a Long-Short fund actively managed by Exchange Traded Concepts, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. HTUS is actively managed, while DBE is passively managed. Over the past 10 years, HTUS returned 12.44%/yr vs 11.34%/yr for DBE. At a 0.14 correlation, their price movements are largely independent. HTUS charges 0.97%/yr vs 0.78%/yr for DBE.
Performance
HTUS vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, HTUS achieves a 11.27% return, which is significantly lower than DBE's 69.05% return. Over the past 10 years, HTUS has outperformed DBE with an annualized return of 12.44%, while DBE has yielded a comparatively lower 11.34% annualized return.
HTUS
- 1D
- 0.32%
- 1M
- 1.37%
- 6M
- 10.68%
- YTD
- 11.27%
- 1Y
- 22.51%
- 3Y*
- 20.19%
- 5Y*
- 14.71%
- 10Y*
- 12.44%
DBE
- 1D
- 1.79%
- 1M
- 0.60%
- 6M
- 61.38%
- YTD
- 69.05%
- 1Y
- 57.89%
- 3Y*
- 17.83%
- 5Y*
- 17.23%
- 10Y*
- 11.34%
HTUS vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HTUS Hull Tactical US ETF | 11.27% | 16.57% | 25.02% | 30.11% | -13.00% | 24.29% | 13.21% | 20.27% | -10.04% | 14.19% |
DBE Invesco DB Energy Fund | 69.05% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between HTUS and DBE is -0.28, 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 | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2015 | 0.14 |
The correlation between HTUS and DBE shifts across timeframes, from -0.28 (1 year) to 0.14 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
HTUS vs. DBE — Risk / Return Rank
HTUS
DBE
HTUS vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hull Tactical US ETF (HTUS) 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.
| HTUS | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.28 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 2.35 | +0.25 |
| Martin ratioReturn relative to average drawdown | 12.60 | 7.10 | +5.49 |
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Drawdowns
HTUS vs. DBE - Drawdown Comparison
The maximum HTUS drawdown since its inception was -47.50%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for HTUS and DBE.
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Drawdown Indicators
| HTUS | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.50% | -86.69% | +39.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -24.72% | +16.04% |
Max Drawdown (3Y)Largest decline over 3 years | -24.41% | -24.72% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -24.41% | -38.74% | +14.33% |
Max Drawdown (10Y)Largest decline over 10 years | -47.50% | -60.84% | +13.34% |
Current DrawdownCurrent decline from peak | -0.60% | -35.82% | +35.22% |
Average DrawdownAverage peak-to-trough decline | -4.03% | -57.19% | +53.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 8.17% | -6.38% |
Volatility
HTUS vs. DBE - Volatility Comparison
The current volatility for Hull Tactical US ETF (HTUS) is 3.19%, while Invesco DB Energy Fund (DBE) has a volatility of 12.20%. This indicates that HTUS 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
| HTUS | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 12.20% | -9.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.06% | 32.74% | -22.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.04% | 35.99% | -23.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.10% | 29.88% | -10.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.50% | 28.40% | -6.90% |
HTUS vs. DBE - Expense Ratio Comparison
HTUS has a 0.97% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
HTUS vs. DBE - Dividend Comparison
HTUS's dividend yield for the trailing twelve months is around 10.69%, more than DBE's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.29% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% |
HTUS Hull Tactical US ETF | 10.69% | 11.89% | 17.80% | 1.18% | 5.63% | 7.20% | 3.77% | 0.92% | 8.69% | 8.29% | 3.02% |
Frequently Asked Questions
HTUS and DBE have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (12.20%) compared to HTUS (3.19%). In terms of maximum drawdown, HTUS dropped -47.50% vs DBE's -86.69%.
On 10-year performance, HTUS leads with 12.44% vs 11.34% for DBE. On fees, DBE is cheaper at 0.78% per year. On volatility, HTUS has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, HTUS has performed better with a 12.44% return vs 11.34%. 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 0.97% for HTUS.
HTUS has the higher dividend yield at 10.69%, compared with 2.29% for DBE.
HTUS is categorized as Long-Short, while DBE is Oil & Gas. They also come from different issuers: Exchange Traded Concepts and Invesco. Their fees differ too: 0.97% for HTUS and 0.78% for DBE.
HTUS currently has the higher Sharpe Ratio (1.88 vs 1.62), 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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