HYIN vs. DBE
HYIN (WisdomTree Alternative Income Fund) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - HYIN is a Diversified Portfolio fund tracking the Gapstow Liquid Alternative Credit Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, HYIN returned -0.52%/yr vs 16.54%/yr for DBE. Their 0.08 correlation means their historical movements had little consistent relationship. HYIN charges 3.20%/yr vs 0.78%/yr for DBE.
Performance
HYIN vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, HYIN achieves a -5.41% return, which is significantly lower than DBE's 63.53% return.
HYIN
- 1D
- -1.09%
- 1M
- -0.68%
- 6M
- -4.29%
- YTD
- -5.41%
- 1Y
- -7.37%
- 3Y*
- 1.94%
- 5Y*
- -0.52%
- 10Y*
- —
- ALL TIME*
- -0.03%
DBE
- 1D
- -0.24%
- 1M
- 9.43%
- 6M
- 46.31%
- YTD
- 63.53%
- 1Y
- 57.60%
- 3Y*
- 13.46%
- 5Y*
- 16.54%
- 10Y*
- 11.73%
- ALL TIME*
- 2.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.42M | $1.12M | $1.57M | |
| $308.54K | $257.38K | $300.22K |
HYIN vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HYIN WisdomTree Alternative Income Fund | -5.41% | -0.46% | 7.39% | 21.84% | -21.14% | 2.73% |
DBE Invesco DB Energy Fund | 63.53% | -2.17% | 2.96% | -12.14% | 33.77% | 18.89% |
Correlation
The correlation between HYIN and DBE is -0.29, 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. | -0.29 |
Correlation (3Y) Balances recent behavior with more history. | -0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | 0.08 |
The correlation between HYIN and DBE shifts across timeframes, from -0.29 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYIN vs. DBE — Risk / Return Rank
HYIN
DBE
HYIN vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Alternative Income Fund (HYIN) 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.
| HYIN | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.82 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.26 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 2.34 | -2.82 |
| Martin ratioReturn relative to average drawdown | -0.86 | 7.22 | -8.08 |
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Drawdowns
HYIN vs. DBE - Drawdown Comparison
The maximum HYIN drawdown since its inception was -31.10%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for HYIN and DBE.
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Drawdown Indicators
| HYIN | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.10% | -86.69% | +55.59% |
Max Drawdown (1Y)Largest decline over 1 year | -15.52% | -24.72% | +9.20% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -24.72% | +8.87% |
Max Drawdown (5Y)Largest decline over 5 years | -31.10% | -38.74% | +7.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -11.22% | -37.92% | +26.70% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -57.12% | +48.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.60% | 8.00% | +0.60% |
Volatility
HYIN vs. DBE - Volatility Comparison
The current volatility for WisdomTree Alternative Income Fund (HYIN) is 4.08%, while Invesco DB Energy Fund (DBE) has a volatility of 15.65%. This indicates that HYIN 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
| HYIN | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 15.65% | -11.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.13% | 33.76% | -23.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.18% | 37.85% | -24.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 30.19% | -13.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 28.63% | -11.96% |
HYIN vs. DBE - Expense Ratio Comparison
HYIN has a 3.20% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
HYIN vs. DBE - Dividend Comparison
HYIN's dividend yield for the trailing twelve months is around 13.44%, more than DBE's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.36% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
HYIN WisdomTree Alternative Income Fund | 13.44% | 12.58% | 12.59% | 11.71% | 11.34% | 4.13% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYIN 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 (15.65%) compared to HYIN (4.08%). In terms of maximum drawdown, HYIN dropped -31.10% vs DBE's -86.69%.
On 5-year performance, DBE leads with 16.54% vs -0.52% for HYIN. On fees, DBE is cheaper at 0.78% per year. On volatility, HYIN has been the lower-risk option at 4.08%. 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 16.54% return vs -0.52%. 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 3.20% for HYIN.
HYIN has the higher dividend yield at 13.44%, compared with 2.36% for DBE.
HYIN is categorized as Diversified Portfolio, while DBE is Oil & Gas. HYIN tracks Gapstow Liquid Alternative Credit Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 3.20% for HYIN and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.53 vs -0.56), 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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