HUSV vs. DBE
HUSV (First Trust Horizon Managed Volatility Domestic ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - HUSV is a Volatility Hedged Equity fund actively managed by First Trust, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. HUSV is actively managed, while DBE is passively managed. Over the past 5 years, HUSV returned 5.62%/yr vs 19.05%/yr for DBE. At a 0.10 correlation, their price movements are largely independent. HUSV charges 0.70%/yr vs 0.78%/yr for DBE.
Performance
HUSV vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, HUSV achieves a 1.34% return, which is significantly lower than DBE's 79.04% return.
HUSV
- 1D
- 0.48%
- 1M
- 0.41%
- YTD
- 1.34%
- 6M
- 1.26%
- 1Y
- -1.00%
- 3Y*
- 8.36%
- 5Y*
- 5.62%
- 10Y*
- —
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%
HUSV vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HUSV First Trust Horizon Managed Volatility Domestic ETF | 1.34% | 4.96% | 12.64% | 3.51% | -6.31% | 26.04% | 5.39% | 26.98% | -1.92% | 16.07% |
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 HUSV and DBE is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2016 | 0.10 |
The correlation between HUSV and DBE shifts across timeframes, from -0.16 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HUSV vs. DBE — Risk / Return Rank
HUSV
DBE
HUSV vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Horizon Managed Volatility Domestic ETF (HUSV) 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.
| HUSV | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.44 | ||
| Sortino ratioReturn per unit of downside risk | -2.96 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.39 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 5.67 | -5.82 |
| Martin ratioReturn relative to average drawdown | -0.36 | 11.08 | -11.43 |
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
| HUSV | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.11 | 2.33 | -2.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.65 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.09 | +0.51 |
Drawdowns
HUSV vs. DBE - Drawdown Comparison
The maximum HUSV drawdown since its inception was -35.72%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for HUSV and DBE.
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Drawdown Indicators
| HUSV | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.72% | -86.69% | +50.97% |
Max Drawdown (1Y)Largest decline over 1 year | -6.78% | -14.41% | +7.63% |
Max Drawdown (3Y)Largest decline over 3 years | -9.35% | -23.89% | +14.54% |
Max Drawdown (5Y)Largest decline over 5 years | -17.00% | -38.74% | +21.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -3.49% | -32.03% | +28.54% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -57.30% | +53.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 7.37% | -4.57% |
Volatility
HUSV vs. DBE - Volatility Comparison
The current volatility for First Trust Horizon Managed Volatility Domestic ETF (HUSV) is 2.40%, while Invesco DB Energy Fund (DBE) has a volatility of 13.05%. This indicates that HUSV 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
| HUSV | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | 13.05% | -10.65% |
Volatility (6M)Calculated over the trailing 6-month period | 6.31% | 30.97% | -24.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.08% | 35.07% | -25.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.02% | 29.41% | -17.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.48% | 28.34% | -13.86% |
HUSV vs. DBE - Expense Ratio Comparison
HUSV has a 0.70% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
HUSV vs. DBE - Dividend Comparison
HUSV's dividend yield for the trailing twelve months is around 1.37%, less than DBE's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
HUSV First Trust Horizon Managed Volatility Domestic ETF | 1.37% | 1.38% | 1.14% | 1.80% | 1.68% | 1.35% | 1.29% | 1.36% | 1.48% | 1.31% | 0.35% |
Frequently Asked Questions
HUSV and DBE have a correlation of -0.16, 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 HUSV (2.40%). In terms of maximum drawdown, HUSV dropped -35.72% vs DBE's -86.69%.
On 5-year performance, DBE leads with 19.05% vs 5.62% for HUSV. On fees, HUSV is cheaper at 0.70% per year. On volatility, HUSV has been the lower-risk option at 2.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBE has performed better with a 19.05% return vs 5.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HUSV is cheaper with a 0.70% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.16%, compared with 1.37% for HUSV.
HUSV is categorized as Volatility Hedged Equity, while DBE is Oil & Gas. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.70% for HUSV and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.33 vs -0.11), 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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