SEPM vs. DBE
SEPM (FT Vest U.S. Equity Max Buffer ETF - September) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - SEPM is a Defined Outcome fund actively managed by First Trust, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. SEPM is actively managed, while DBE is passively managed. Over the past year, SEPM returned 6.85% vs 68.62% for DBE. Their -0.13 correlation means they have often moved in opposite directions in the past. SEPM charges 0.85%/yr vs 0.78%/yr for DBE.
Performance
SEPM vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, SEPM achieves a 3.86% return, which is significantly lower than DBE's 78.87% return.
SEPM
- 1D
- 0.24%
- 1M
- 0.61%
- 6M
- 3.40%
- YTD
- 3.86%
- 1Y
- 6.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.11%
DBE
- 1D
- 1.13%
- 1M
- 21.13%
- 6M
- 53.89%
- YTD
- 78.87%
- 1Y
- 68.62%
- 3Y*
- 17.16%
- 5Y*
- 17.73%
- 10Y*
- 13.17%
- ALL TIME*
- 2.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.24M | $1.18M | $1.76M | |
| $32.16K | $41.07K | $55.75K |
SEPM vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SEPM FT Vest U.S. Equity Max Buffer ETF - September | 3.86% | 6.61% | 0.79% |
DBE Invesco DB Energy Fund | 78.87% | -2.17% | 4.04% |
Correlation
The correlation between SEPM and DBE is -0.25, 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. | -0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2024 | -0.13 |
The correlation between SEPM and DBE shifts across timeframes, from -0.25 (1 year) to -0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SEPM vs. DBE — Risk / Return Rank
SEPM
DBE
SEPM vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Max Buffer ETF - September (SEPM) 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.
| SEPM | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.29 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 2.59 | +1.01 |
| Martin ratioReturn relative to average drawdown | 18.01 | 8.14 | +9.87 |
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Drawdowns
SEPM vs. DBE - Drawdown Comparison
The maximum SEPM drawdown since its inception was -3.88%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for SEPM and DBE.
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Drawdown Indicators
| SEPM | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.88% | -86.69% | +82.81% |
Max Drawdown (1Y)Largest decline over 1 year | -1.82% | -24.72% | +22.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.72% | — |
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 | 0.00% | -32.09% | +32.09% |
Average DrawdownAverage peak-to-trough decline | -0.34% | -57.13% | +56.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 8.15% | -7.79% |
Volatility
SEPM vs. DBE - Volatility Comparison
The current volatility for FT Vest U.S. Equity Max Buffer ETF - September (SEPM) is 0.64%, while Invesco DB Energy Fund (DBE) has a volatility of 14.12%. This indicates that SEPM 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
| SEPM | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 14.12% | -13.48% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 33.95% | -31.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.58% | 37.47% | -34.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.42% | 30.09% | -26.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.42% | 28.58% | -25.16% |
SEPM vs. DBE - Expense Ratio Comparison
SEPM has a 0.85% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
SEPM vs. DBE - Dividend Comparison
SEPM has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.16%.
| 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% |
SEPM FT Vest U.S. Equity Max Buffer ETF - September | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SEPM and DBE have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (14.12%) compared to SEPM (0.64%). In terms of maximum drawdown, SEPM dropped -3.88% vs DBE's -86.69%.
On 1-year performance, DBE leads with 68.62% vs 6.85% for SEPM. On fees, DBE is cheaper at 0.78% per year. On volatility, SEPM has been the lower-risk option at 0.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBE has performed better with a 68.62% return vs 6.85%. 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 0.85% for SEPM.
DBE has the higher dividend yield at 2.16%, compared with 0.00% for SEPM.
SEPM is categorized as Defined Outcome, while DBE is Oil & Gas. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.85% for SEPM and 0.78% for DBE.
SEPM currently has the higher Sharpe Ratio (2.54 vs 1.71), 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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