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WDIV vs. DBE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WDIV vs. DBE

Last updated Jun 4, 2026

WDIV (SPDR S&P Global Dividend ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - WDIV is a Global Equities fund tracking the S&P Global Dividend Aristocrats Index sp_43, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, WDIV returned 7.48%/yr vs 12.03%/yr for DBE. At a 0.27 correlation, their price movements are largely independent. WDIV charges 0.40%/yr vs 0.78%/yr for DBE.

Performance

WDIV vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Global Dividend ETF (WDIV) 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, WDIV achieves a 8.20% return, which is significantly lower than DBE's 83.68% return. Over the past 10 years, WDIV has underperformed DBE with an annualized return of 7.48%, while DBE has yielded a comparatively higher 12.03% annualized return.

WDIV

1D
-1.21%
1M
1.41%
YTD
8.20%
6M
10.40%
1Y
21.84%
3Y*
16.97%
5Y*
7.57%
10Y*
7.48%

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)

WDIV vs. DBE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
WDIV
SPDR S&P Global Dividend ETF		8.20%27.16%7.61%8.21%-6.92%14.44%-10.18%20.12%-8.81%19.03%
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 WDIV and DBE is -0.37, 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

-0.37

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

-0.09

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

0.12

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

0.24

Correlation (All Time)
Calculated using the full available price history since May 31, 2013

0.27

The correlation between WDIV and DBE shifts across timeframes, from -0.37 (1 year) to 0.27 (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.

SPDR S&P Global Dividend ETF

Invesco DB Energy Fund

Often compared with WDIV:
WDIV vs. SCHDWDIV vs. SCHYWDIV vs. VYMWDIV vs. WLDRWDIV vs. VIGIWDIV vs. SPYWDIV vs. IVV
Often compared with DBE:
DBE vs. DBBDBE vs. XLEDBE vs. VDEDBE vs. COMTDBE vs. XLKDBE vs. GLDDBE vs. TIP

Return for Risk

WDIV vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WDIV
WDIV Risk / Return Rank: 5959
Overall Rank
WDIV Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
WDIV Sortino Ratio Rank: 6666
Sortino Ratio Rank
WDIV Omega Ratio Rank: 6262
Omega Ratio Rank
WDIV Calmar Ratio Rank: 5151
Calmar Ratio Rank
WDIV Martin Ratio Rank: 5454
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.

WDIV vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Dividend ETF (WDIV) 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.

WDIVDBEDifference
Sharpe ratioReturn per unit of total volatility
2.16
2.43

-0.27

Sortino ratioReturn per unit of downside risk
3.10
2.96

+0.15

Omega ratioGain probability vs. loss probability

1.39

1.40

-0.01

Calmar ratioReturn relative to maximum drawdown

2.55

5.89

-3.34

Martin ratioReturn relative to average drawdown

9.39

11.53

-2.14

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

WDIV vs. DBE - Sharpe Ratio Comparison

The current WDIV Sharpe Ratio is 2.16, which is comparable to the DBE Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of WDIV 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

WDIVDBEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.16

2.43

-0.27

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.60

0.67

-0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.49

0.43

+0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

0.09

+0.37

Drawdowns

WDIV vs. DBE - Drawdown Comparison

The maximum WDIV drawdown since its inception was -42.34%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for WDIV and DBE.

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Drawdown Indicators

WDIVDBEDifference

Max Drawdown

Largest peak-to-trough decline

-42.34%

-86.69%

+44.35%

Max Drawdown (1Y)

Largest decline over 1 year

-8.61%

-14.41%

+5.80%

Max Drawdown (3Y)

Largest decline over 3 years

-11.26%

-23.89%

+12.63%

Max Drawdown (5Y)

Largest decline over 5 years

-22.12%

-38.74%

+16.62%

Max Drawdown (10Y)

Largest decline over 10 years

-42.34%

-60.84%

+18.50%

Current Drawdown

Current decline from peak

-1.25%

-30.27%

+29.02%

Average Drawdown

Average peak-to-trough decline

-5.85%

-57.31%

+51.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.33%

7.35%

-5.02%

Volatility

WDIV vs. DBE - Volatility Comparison

The current volatility for SPDR S&P Global Dividend ETF (WDIV) is 2.95%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that WDIV 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

WDIVDBEDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.95%

12.95%

-10.00%

Volatility (6M)

Calculated over the trailing 6-month period

8.01%

30.86%

-22.85%

Volatility (1Y)

Calculated over the trailing 1-year period

10.18%

34.97%

-24.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.77%

29.39%

-16.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.40%

28.33%

-12.93%

WDIV vs. DBE - Expense Ratio Comparison

WDIV has a 0.40% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

WDIV vs. DBE - Dividend Comparison

WDIV's dividend yield for the trailing twelve months is around 4.04%, more than DBE's 2.10% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
WDIV
SPDR S&P Global Dividend ETF		4.04%4.27%4.63%4.73%5.12%4.15%5.55%3.99%4.42%3.62%4.32%5.03%

Frequently Asked Questions

WDIV and DBE have a correlation of -0.37, 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 WDIV (2.95%). In terms of maximum drawdown, WDIV dropped -42.34% vs DBE's -86.69%.

On 10-year performance, DBE leads with 12.03% vs 7.48% for WDIV. On fees, WDIV is cheaper at 0.40% per year. On volatility, WDIV has been the lower-risk option at 2.95%. 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 7.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

WDIV is cheaper with a 0.40% expense ratio, compared with 0.78% for DBE.

WDIV has the higher dividend yield at 4.04%, compared with 2.10% for DBE.

WDIV is categorized as Global Equities, while DBE is Oil & Gas. WDIV tracks S&P Global Dividend Aristocrats Index sp_43, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.40% for WDIV and 0.78% for DBE.

DBE currently has the higher Sharpe Ratio (2.43 vs 2.16), 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.

Portfolio Optimizer

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