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 -0.48%/yr vs 19.05%/yr for DBE. At a 0.10 correlation, their price movements are largely independent. 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 -5.23% return, which is significantly lower than DBE's 79.04% return.
HYIN
- 1D
- 1.27%
- 1M
- -3.56%
- YTD
- -5.23%
- 6M
- -5.97%
- 1Y
- -3.94%
- 3Y*
- 5.20%
- 5Y*
- -0.48%
- 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%
HYIN vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HYIN WisdomTree Alternative Income Fund | -5.23% | -0.46% | 7.39% | 21.84% | -21.14% | 3.08% |
DBE Invesco DB Energy Fund | 79.04% | -2.17% | 2.96% | -12.14% | 33.77% | 19.27% |
Correlation
The correlation between HYIN and DBE is -0.23, 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 | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 7, 2021 | 0.10 |
The correlation between HYIN and DBE shifts across timeframes, from -0.23 (1 year) to 0.10 (5 years), 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.
| HYIN | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.64 | ||
| Sortino ratioReturn per unit of downside risk | -3.22 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.39 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 5.67 | -5.93 |
| Martin ratioReturn relative to average drawdown | -0.54 | 11.08 | -11.62 |
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
| HYIN | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.31 | 2.33 | -2.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.65 | -0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.09 | -0.09 |
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% | -14.41% | -1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -23.89% | +8.04% |
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 | -11.06% | -32.03% | +20.97% |
Average DrawdownAverage peak-to-trough decline | -9.02% | -57.30% | +48.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.28% | 7.37% | -0.09% |
Volatility
HYIN vs. DBE - Volatility Comparison
The current volatility for WisdomTree Alternative Income Fund (HYIN) is 3.44%, while Invesco DB Energy Fund (DBE) has a volatility of 13.05%. 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 | 3.44% | 13.05% | -9.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.23% | 30.97% | -20.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.82% | 35.07% | -22.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 29.41% | -12.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 28.34% | -11.53% |
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 13.27%, more than DBE's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.16% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
HYIN WisdomTree Alternative Income Fund | 13.27% | 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 -0.23, 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 HYIN (3.44%). In terms of maximum drawdown, HYIN dropped -31.10% vs DBE's -86.69%.
On 5-year performance, DBE leads with 19.05% vs -0.48% for HYIN. On fees, DBE is cheaper at 0.78% per year. On volatility, HYIN has been the lower-risk option at 3.44%. 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 -0.48%. 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 13.27%, compared with 2.16% 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 (2.33 vs -0.31), 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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