QSPT vs. DBE
QSPT (FT Cboe Vest Nasdaq-100 Buffer ETF – September) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - QSPT is a Nasdaq-100 fund actively managed by FT Vest, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. QSPT is actively managed, while DBE is passively managed. Over the past 3 years, QSPT returned 16.98%/yr vs 17.96%/yr for DBE. At a 0.03 correlation, their price movements are largely independent. QSPT charges 0.90%/yr vs 0.78%/yr for DBE.
Performance
QSPT vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, QSPT achieves a 9.28% return, which is significantly lower than DBE's 68.39% return.
QSPT
- 1D
- -0.56%
- 1M
- -0.29%
- 6M
- 8.36%
- YTD
- 9.28%
- 1Y
- 16.08%
- 3Y*
- 16.98%
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- -1.09%
- 1M
- 6.25%
- 6M
- 65.69%
- YTD
- 68.39%
- 1Y
- 57.64%
- 3Y*
- 17.96%
- 5Y*
- 17.10%
- 10Y*
- 11.45%
QSPT vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QSPT FT Cboe Vest Nasdaq-100 Buffer ETF – September | 9.28% | 14.58% | 16.07% | 43.15% | -20.38% | 4.49% |
DBE Invesco DB Energy Fund | 68.39% | -2.17% | 2.96% | -12.14% | 33.77% | 6.02% |
Correlation
The correlation between QSPT 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 | -0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2021 | 0.03 |
The correlation between QSPT and DBE shifts across timeframes, from -0.23 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QSPT vs. DBE — Risk / Return Rank
QSPT
DBE
QSPT vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Nasdaq-100 Buffer ETF – September (QSPT) 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.
| QSPT | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.34 | -0.11 |
| Martin ratioReturn relative to average drawdown | 9.83 | 7.00 | +2.83 |
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Drawdowns
QSPT vs. DBE - Drawdown Comparison
The maximum QSPT drawdown since its inception was -22.64%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for QSPT and DBE.
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Drawdown Indicators
| QSPT | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.64% | -86.69% | +64.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -24.72% | +17.49% |
Max Drawdown (3Y)Largest decline over 3 years | -15.38% | -24.72% | +9.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -0.77% | -36.07% | +35.30% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -57.19% | +52.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 8.26% | -6.62% |
Volatility
QSPT vs. DBE - Volatility Comparison
The current volatility for FT Cboe Vest Nasdaq-100 Buffer ETF – September (QSPT) is 2.52%, while Invesco DB Energy Fund (DBE) has a volatility of 11.68%. This indicates that QSPT 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
| QSPT | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | 11.68% | -9.16% |
Volatility (6M)Calculated over the trailing 6-month period | 7.94% | 32.70% | -24.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.84% | 35.99% | -26.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.04% | 29.88% | -14.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.04% | 28.39% | -13.35% |
QSPT vs. DBE - Expense Ratio Comparison
QSPT has a 0.90% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
QSPT vs. DBE - Dividend Comparison
QSPT has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.29% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
QSPT FT Cboe Vest Nasdaq-100 Buffer ETF – September | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QSPT 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 (11.68%) compared to QSPT (2.52%). In terms of maximum drawdown, QSPT dropped -22.64% vs DBE's -86.69%.
On 3-year performance, DBE leads with 17.96% vs 16.98% for QSPT. On fees, DBE is cheaper at 0.78% per year. On volatility, QSPT has been the lower-risk option at 2.52%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DBE has performed better with a 17.96% return vs 16.98%. 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 0.90% for QSPT.
DBE has the higher dividend yield at 2.29%, compared with 0.00% for QSPT.
QSPT is categorized as Nasdaq-100, while DBE is Oil & Gas. They also come from different issuers: FT Vest and Invesco. Their fees differ too: 0.90% for QSPT and 0.78% for DBE.
QSPT currently has the higher Sharpe Ratio (1.64 vs 1.61), 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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