IHDG vs. DBE
IHDG (WisdomTree International Hedged Dividend Growth Fund) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - IHDG is a Foreign Large Cap Equities fund tracking the WisdomTree International Hedged Dividend Growth Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, IHDG returned 10.43%/yr vs 12.24%/yr for DBE. Their 0.15 correlation means their historical movements had little consistent relationship. IHDG charges 0.58%/yr vs 0.78%/yr for DBE.
Performance
IHDG vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, IHDG achieves a 10.48% return, which is significantly lower than DBE's 71.26% return. Over the past 10 years, IHDG has underperformed DBE with an annualized return of 10.43%, while DBE has yielded a comparatively higher 12.24% annualized return.
IHDG
- 1D
- 0.60%
- 1M
- 0.36%
- 6M
- 5.83%
- YTD
- 10.48%
- 1Y
- 23.30%
- 3Y*
- 12.73%
- 5Y*
- 7.49%
- 10Y*
- 10.43%
- ALL TIME*
- 9.67%
DBE
- 1D
- -4.26%
- 1M
- 15.98%
- 6M
- 57.84%
- YTD
- 71.26%
- 1Y
- 61.44%
- 3Y*
- 15.22%
- 5Y*
- 17.82%
- 10Y*
- 12.24%
- ALL TIME*
- 2.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.27M | $1.08M | $1.67M | |
| $6.35M | $5.36M | $6.78M |
IHDG vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IHDG WisdomTree International Hedged Dividend Growth Fund | 10.48% | 14.17% | 5.97% | 20.00% | -11.53% | 19.75% | 10.51% | 33.42% | -12.03% | 21.93% |
DBE Invesco DB Energy Fund | 71.26% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between IHDG and DBE is -0.38, 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. | -0.38 |
Correlation (3Y) Balances recent behavior with more history. | -0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.01 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.13 |
Correlation (All Time) Calculated using the full available price history since May 7, 2014 | 0.15 |
The correlation between IHDG and DBE shifts across timeframes, from -0.38 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IHDG vs. DBE — Risk / Return Rank
IHDG
DBE
IHDG vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree International Hedged Dividend Growth Fund (IHDG) 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.
| IHDG | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.50 | -0.27 |
| Martin ratioReturn relative to average drawdown | 8.43 | 7.82 | +0.62 |
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Drawdowns
IHDG vs. DBE - Drawdown Comparison
The maximum IHDG drawdown since its inception was -29.24%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for IHDG and DBE.
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Drawdown Indicators
| IHDG | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.24% | -86.69% | +57.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.49% | -24.72% | +14.23% |
Max Drawdown (3Y)Largest decline over 3 years | -18.88% | -24.72% | +5.84% |
Max Drawdown (5Y)Largest decline over 5 years | -19.52% | -38.74% | +19.22% |
Max Drawdown (10Y)Largest decline over 10 years | -29.24% | -60.84% | +31.60% |
Current DrawdownCurrent decline from peak | -0.79% | -34.98% | +34.19% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -57.13% | +53.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 7.90% | -5.13% |
Volatility
IHDG vs. DBE - Volatility Comparison
The current volatility for WisdomTree International Hedged Dividend Growth Fund (IHDG) is 4.00%, while Invesco DB Energy Fund (DBE) has a volatility of 15.07%. This indicates that IHDG 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
| IHDG | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 15.07% | -11.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.89% | 34.26% | -22.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 37.66% | -23.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.96% | 30.15% | -15.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.63% | 28.60% | -12.97% |
IHDG vs. DBE - Expense Ratio Comparison
IHDG has a 0.58% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
IHDG vs. DBE - Dividend Comparison
IHDG's dividend yield for the trailing twelve months is around 1.80%, less than DBE's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.26% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% | 0.00% |
IHDG WisdomTree International Hedged Dividend Growth Fund | 1.80% | 1.84% | 2.42% | 1.70% | 13.79% | 2.77% | 1.94% | 1.99% | 0.22% | 1.28% | 1.91% | 3.04% |
Frequently Asked Questions
IHDG and DBE have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (15.07%) compared to IHDG (4.00%). In terms of maximum drawdown, IHDG dropped -29.24% vs DBE's -86.69%.
On 10-year performance, DBE leads with 12.24% vs 10.43% for IHDG. On fees, IHDG is cheaper at 0.58% per year. On volatility, IHDG has been the lower-risk option at 4.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBE has performed better with a 12.24% return vs 10.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IHDG is cheaper with a 0.58% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.26%, compared with 1.80% for IHDG.
IHDG is categorized as Foreign Large Cap Equities, while DBE is Oil & Gas. IHDG tracks WisdomTree International Hedged Dividend Growth Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.58% for IHDG and 0.78% for DBE.
IHDG currently has the higher Sharpe Ratio (1.66 vs 1.64), 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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