SCHI vs. DBE
SCHI (Schwab 5-10 Year Corporate Bond ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - SCHI is a Corporate Bonds fund tracking the Bloomberg US Aggregate Credit - Corporate (5-10 Y), while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, SCHI returned 1.26%/yr vs 19.66%/yr for DBE. At a correlation of -0.08, they often move in opposite directions. SCHI charges 0.05%/yr vs 0.78%/yr for DBE.
Performance
SCHI vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, SCHI achieves a 0.19% return, which is significantly lower than DBE's 83.68% return.
SCHI
- 1D
- -0.22%
- 1M
- 0.28%
- YTD
- 0.19%
- 6M
- 0.09%
- 1Y
- 6.18%
- 3Y*
- 6.04%
- 5Y*
- 1.26%
- 10Y*
- —
DBE
- 1D
- 2.33%
- 1M
- -5.45%
- YTD
- 83.68%
- 6M
- 74.95%
- 1Y
- 84.41%
- 3Y*
- 23.42%
- 5Y*
- 19.66%
- 10Y*
- 12.03%
SCHI vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SCHI Schwab 5-10 Year Corporate Bond ETF | 0.19% | 9.47% | 3.32% | 8.97% | -14.06% | -1.85% | 9.74% | 1.00% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 10.82% |
Correlation
The correlation between SCHI and DBE is -0.40, 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 | -0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2019 | -0.08 |
Over the past year, the inverse relationship between SCHI and DBE has strengthened: their correlation has moved from -0.08 to -0.40, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
SCHI vs. DBE — Risk / Return Rank
SCHI
DBE
SCHI vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab 5-10 Year Corporate Bond ETF (SCHI) 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.
| SCHI | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.40 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 5.89 | -3.83 |
| Martin ratioReturn relative to average drawdown | 6.98 | 11.53 | -4.55 |
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
| SCHI | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 2.43 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.67 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.09 | +0.20 |
Drawdowns
SCHI vs. DBE - Drawdown Comparison
The maximum SCHI drawdown since its inception was -20.67%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for SCHI and DBE.
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Drawdown Indicators
| SCHI | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.67% | -86.69% | +66.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -14.41% | +11.40% |
Max Drawdown (3Y)Largest decline over 3 years | -6.14% | -23.89% | +17.75% |
Max Drawdown (5Y)Largest decline over 5 years | -20.67% | -38.74% | +18.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -1.36% | -30.27% | +28.91% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -57.31% | +51.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 7.35% | -6.46% |
Volatility
SCHI vs. DBE - Volatility Comparison
The current volatility for Schwab 5-10 Year Corporate Bond ETF (SCHI) is 1.32%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that SCHI 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
| SCHI | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 12.95% | -11.63% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 30.86% | -27.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 34.97% | -30.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 29.39% | -22.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.40% | 28.33% | -20.93% |
SCHI vs. DBE - Expense Ratio Comparison
SCHI has a 0.05% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
SCHI vs. DBE - Dividend Comparison
SCHI's dividend yield for the trailing twelve months is around 5.05%, more than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.10% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 5.05% | 4.99% | 5.11% | 4.27% | 3.10% | 1.93% | 2.31% | 0.53% | 0.00% |
Frequently Asked Questions
SCHI and DBE have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (12.95%) compared to SCHI (1.32%). In terms of maximum drawdown, SCHI dropped -20.67% vs DBE's -86.69%.
On 5-year performance, DBE leads with 19.66% vs 1.26% for SCHI. On fees, SCHI is cheaper at 0.05% per year. On volatility, SCHI has been the lower-risk option at 1.32%. 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 19.66% return vs 1.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHI is cheaper with a 0.05% expense ratio, compared with 0.78% for DBE.
SCHI has the higher dividend yield at 5.05%, compared with 2.10% for DBE.
SCHI is categorized as Corporate Bonds, while DBE is Oil & Gas. SCHI tracks Bloomberg US Aggregate Credit - Corporate (5-10 Y), while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Charles Schwab and Invesco. Their fees differ too: 0.05% for SCHI and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.43 vs 1.49), 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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