SDVD vs. DBO

Last updated Jun 4, 2026

SDVD (FT Vest SMID Rising Dividend Achievers Target Income ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - SDVD is a Derivative Income fund tracking the Nasdaq US Small-Mid Cap Rising Dividend Achievers Index, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. Both are passively managed. Over the past year, SDVD returned 19.64% vs 80.26% for DBO. At a 0.02 correlation, their price movements are largely independent. SDVD charges 0.85%/yr vs 0.78%/yr for DBO.

Performance

SDVD vs. DBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) and Invesco DB Oil Fund (DBO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDVD achieves a 7.75% return, which is significantly lower than DBO's 84.75% return.

SDVD

• 1D: -0.22%
• 1M: -1.53%
• YTD: 7.75%
• 6M: 8.14%
• 1Y: 19.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBO

• 1D: 2.27%
• 1M: -2.34%
• YTD: 84.75%
• 6M: 81.10%
• 1Y: 80.26%
• 3Y*: 21.86%
• 5Y*: 15.98%
• 10Y*: 11.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SDVD vs. DBO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF	7.75%	8.66%	11.82%	10.25%
DBO Invesco DB Oil Fund	84.75%	-11.71%	7.85%	-11.16%

Correlation

The correlation between SDVD and DBO is -0.22, 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	-0.22
Correlation (All Time) Calculated using the full available price history since Aug 11, 2023	0.02

The correlation between SDVD and DBO shifts across timeframes, from -0.22 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SDVD vs. DBO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SDVD

SDVD Risk / Return Rank: 43
SDVD Sharpe Ratio Rank: 39
SDVD Sortino Ratio Rank: 43
SDVD Omega Ratio Rank: 38
SDVD Calmar Ratio Rank: 47
SDVD Martin Ratio Rank: 47

DBO

DBO Risk / Return Rank: 65
DBO Sharpe Ratio Rank: 70
DBO Sortino Ratio Rank: 62
DBO Omega Ratio Rank: 60
DBO Calmar Ratio Rank: 83
DBO Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SDVD vs. DBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) and Invesco DB Oil Fund (DBO). 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.

	SDVD	DBO	Difference
Sharpe ratio: Return per unit of total volatility	1.38	2.34	-0.96
Sortino ratio: Return per unit of downside risk	2.13	2.94	-0.81
Omega ratio: Gain probability vs. loss probability	1.25	1.38	-0.13
Calmar ratio: Return relative to maximum drawdown	2.25	4.44	-2.18
Martin ratio: Return relative to average drawdown	7.65	9.02	-1.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDVD vs. DBO - Sharpe Ratio Comparison

The current SDVD Sharpe Ratio is 1.38, which is lower than the DBO Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of SDVD and DBO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SDVD	DBO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	2.34	-0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.02	+0.75

Drawdowns

SDVD vs. DBO - Drawdown Comparison

The maximum SDVD drawdown since its inception was -24.17%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for SDVD and DBO.

Drawdown Indicators

	SDVD	DBO	Difference
Max Drawdown Largest peak-to-trough decline	-24.17%	-90.18%	+66.01%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-18.19%	+9.43%
Max Drawdown (3Y) Largest decline over 3 years	—	-28.20%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-61.69%	—
Current Drawdown Current decline from peak	-3.31%	-51.38%	+48.07%
Average Drawdown Average peak-to-trough decline	-4.86%	-62.25%	+57.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	8.92%	-6.35%

Volatility

SDVD vs. DBO - Volatility Comparison

The current volatility for FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) is 3.78%, while Invesco DB Oil Fund (DBO) has a volatility of 12.61%. This indicates that SDVD experiences smaller price fluctuations and is considered to be less risky than DBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDVD	DBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	12.61%	-8.83%
Volatility (6M) Calculated over the trailing 6-month period	10.33%	28.20%	-17.87%
Volatility (1Y) Calculated over the trailing 1-year period	14.31%	34.46%	-20.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.19%	32.29%	-14.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	31.78%	-13.59%

SDVD vs. DBO - Expense Ratio Comparison

SDVD has a 0.85% expense ratio, which is higher than DBO's 0.78% expense ratio.

Dividends

SDVD vs. DBO - Dividend Comparison

SDVD's dividend yield for the trailing twelve months is around 8.95%, more than DBO's 1.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBO Invesco DB Oil Fund	1.90%	3.51%	4.68%	4.59%	0.66%	0.00%	0.00%	1.63%	1.58%
SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF	8.95%	8.36%	9.26%	3.18%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SDVD and DBO in my portfolio?

SDVD and DBO have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SDVD or DBO?

DBO has higher volatility (12.61%) compared to SDVD (3.78%). In terms of maximum drawdown, SDVD dropped -24.17% vs DBO's -90.18%.

Which ETF is better, SDVD or DBO?

On 1-year performance, DBO leads with 80.26% vs 19.64% for SDVD. On fees, DBO is cheaper at 0.78% per year. On volatility, SDVD has been the lower-risk option at 3.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SDVD or DBO?

Over the 1-year period, DBO has performed better with a 80.26% return vs 19.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDVD or DBO?

DBO is cheaper with a 0.78% expense ratio, compared with 0.85% for SDVD.

Which ETF pays a higher dividend yield, SDVD or DBO?

SDVD has the higher dividend yield at 8.95%, compared with 1.90% for DBO.

What is the main difference between SDVD and DBO?

SDVD is categorized as Derivative Income, while DBO is Oil & Gas. SDVD tracks Nasdaq US Small-Mid Cap Rising Dividend Achievers Index, while DBO tracks DBIQ Optimum Yield Crude Oil Index Excess Return. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.85% for SDVD and 0.78% for DBO.

Which has better risk-adjusted returns?

DBO currently has the higher Sharpe Ratio (2.34 vs 1.38), 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.