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VYMI vs. DBE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VYMI vs. DBE

Last updated Jun 4, 2026

VYMI (Vanguard International High Dividend Yield ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, VYMI returned 10.49%/yr vs 12.03%/yr for DBE. At a 0.28 correlation, their price movements are largely independent. VYMI charges 0.07%/yr vs 0.78%/yr for DBE.

Performance

VYMI vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard International High Dividend Yield ETF (VYMI) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VYMI achieves a 11.31% return, which is significantly lower than DBE's 83.68% return. Over the past 10 years, VYMI has underperformed DBE with an annualized return of 10.49%, while DBE has yielded a comparatively higher 12.03% annualized return.

VYMI

1D
-1.01%
1M
2.05%
YTD
11.31%
6M
14.77%
1Y
30.23%
3Y*
21.88%
5Y*
11.95%
10Y*
10.49%

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

VYMI vs. DBE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VYMI
Vanguard International High Dividend Yield ETF		11.31%38.05%7.06%17.07%-7.02%15.39%-1.11%18.43%-12.65%22.36%
DBE
Invesco DB Energy Fund		83.68%-2.17%2.96%-12.14%33.77%57.56%-25.91%19.72%-12.95%5.21%

Correlation

The correlation between VYMI and DBE is -0.32, 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

-0.32

Correlation (3Y)
Calculated over the trailing 3-year period

-0.02

Correlation (5Y)
Calculated over the trailing 5-year period

0.17

Correlation (10Y)
Calculated over the trailing 10-year period

0.27

Correlation (All Time)
Calculated using the full available price history since Mar 3, 2016

0.28

The correlation between VYMI and DBE shifts across timeframes, from -0.32 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard International High Dividend Yield ETF

Invesco DB Energy Fund

Often compared with VYMI:
VYMI vs. VYMVYMI vs. SCHYVYMI vs. SCHDVYMI vs. VIGIVYMI vs. VOOVYMI vs. IDEVVYMI vs. VT
Often compared with DBE:
DBE vs. DBBDBE vs. XLEDBE vs. VDEDBE vs. COMTDBE vs. XLKDBE vs. GLDDBE vs. TIP

Return for Risk

VYMI vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VYMI
VYMI Risk / Return Rank: 6666
Overall Rank
VYMI Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
VYMI Sortino Ratio Rank: 6868
Sortino Ratio Rank
VYMI Omega Ratio Rank: 6969
Omega Ratio Rank
VYMI Calmar Ratio Rank: 5959
Calmar Ratio Rank
VYMI Martin Ratio Rank: 6464
Martin Ratio Rank
DBE
DBE Risk / Return Rank: 7171
Overall Rank
DBE Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
DBE Sortino Ratio Rank: 6363
Sortino Ratio Rank
DBE Omega Ratio Rank: 6565
Omega Ratio Rank
DBE Calmar Ratio Rank: 9191
Calmar Ratio Rank
DBE Martin Ratio Rank: 6363
Martin Ratio Rank
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.

VYMI vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard International High Dividend Yield ETF (VYMI) 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.

VYMIDBEDifference
Sharpe ratioReturn per unit of total volatility
2.35
2.43

-0.08

Sortino ratioReturn per unit of downside risk
3.20
2.96

+0.24

Omega ratioGain probability vs. loss probability

1.43

1.40

+0.03

Calmar ratioReturn relative to maximum drawdown

2.99

5.89

-2.90

Martin ratioReturn relative to average drawdown

11.80

11.53

+0.27

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VYMI vs. DBE - Sharpe Ratio Comparison

The current VYMI Sharpe Ratio is 2.35, which is comparable to the DBE Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of VYMI and DBE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VYMIDBEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.35

2.43

-0.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.81

0.67

+0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.62

0.43

+0.20

Sharpe Ratio (All Time)

Calculated using the full available price history

0.65

0.09

+0.55

Drawdowns

VYMI vs. DBE - Drawdown Comparison

The maximum VYMI drawdown since its inception was -40.00%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for VYMI and DBE.

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Drawdown Indicators

VYMIDBEDifference

Max Drawdown

Largest peak-to-trough decline

-40.00%

-86.69%

+46.69%

Max Drawdown (1Y)

Largest decline over 1 year

-10.14%

-14.41%

+4.27%

Max Drawdown (3Y)

Largest decline over 3 years

-12.84%

-23.89%

+11.05%

Max Drawdown (5Y)

Largest decline over 5 years

-24.05%

-38.74%

+14.69%

Max Drawdown (10Y)

Largest decline over 10 years

-40.00%

-60.84%

+20.84%

Current Drawdown

Current decline from peak

-1.40%

-30.27%

+28.87%

Average Drawdown

Average peak-to-trough decline

-6.31%

-57.31%

+51.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.57%

7.35%

-4.78%

Volatility

VYMI vs. DBE - Volatility Comparison

The current volatility for Vanguard International High Dividend Yield ETF (VYMI) is 4.04%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that VYMI 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

VYMIDBEDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.04%

12.95%

-8.91%

Volatility (6M)

Calculated over the trailing 6-month period

10.73%

30.86%

-20.13%

Volatility (1Y)

Calculated over the trailing 1-year period

12.94%

34.97%

-22.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.84%

29.39%

-14.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.87%

28.33%

-11.46%

VYMI vs. DBE - Expense Ratio Comparison

VYMI has a 0.07% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

VYMI vs. DBE - Dividend Comparison

VYMI's dividend yield for the trailing twelve months is around 3.44%, more than DBE's 2.10% yield.

PositionTTM2025202420232022202120202019201820172016
DBE
Invesco DB Energy Fund		2.10%3.86%6.32%3.87%0.75%0.00%0.00%1.79%1.67%0.00%0.00%
VYMI
Vanguard International High Dividend Yield ETF		3.44%3.68%4.84%4.58%4.70%4.30%3.22%4.20%4.29%3.21%2.39%

Frequently Asked Questions

VYMI and DBE have a correlation of -0.32, 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 VYMI (4.04%). In terms of maximum drawdown, VYMI dropped -40.00% vs DBE's -86.69%.

On 10-year performance, DBE leads with 12.03% vs 10.49% for VYMI. On fees, VYMI is cheaper at 0.07% per year. On volatility, VYMI has been the lower-risk option at 4.04%. 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 12.03% return vs 10.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VYMI is cheaper with a 0.07% expense ratio, compared with 0.78% for DBE.

VYMI has the higher dividend yield at 3.44%, compared with 2.10% for DBE.

VYMI is categorized as Dividend, while DBE is Oil & Gas. VYMI tracks FTSE All-World ex US High Dividend Yield Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.07% for VYMI and 0.78% for DBE.

DBE currently has the higher Sharpe Ratio (2.43 vs 2.35), 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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