WFH vs. DBO

Last updated Jun 4, 2026

WFH (Direxion Work From Home ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - WFH is a Technology Equities fund tracking the Solactive Remote Work Index, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. Both are passively managed. At a 0.11 correlation, their price movements are largely independent. WFH charges 0.45%/yr vs 0.78%/yr for DBO.

Performance

WFH vs. DBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Work From Home ETF (WFH) and Invesco DB Oil Fund (DBO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WFH

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBO

• 1D: -2.66%
• 1M: -3.39%
• YTD: 79.84%
• 6M: 74.51%
• 1Y: 77.38%
• 3Y*: 20.83%
• 5Y*: 15.36%
• 10Y*: 10.89%

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

WFH vs. DBO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
WFH Direxion Work From Home ETF	0.00%	15.47%	18.55%	35.75%	-45.26%	10.77%	34.26%
DBO Invesco DB Oil Fund	79.84%	-11.71%	7.85%	-4.44%	13.04%	60.74%	20.60%

Correlation

The correlation between WFH and DBO is -0.10, 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	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (All Time) Calculated using the full available price history since Jun 26, 2020	0.11

The correlation between WFH and DBO shifts across timeframes, from -0.10 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.

WFH vs. DBO - Sectors Allocation Comparison

Sectors	WFH	DBO
Technology	86.2%	-
Communication Services	9.4%	-
Consumer Cyclical	2.3%	-
Industrials	2.2%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	116.0%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

WFH vs. DBO — Risk / Return Rank

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

DBO

DBO Risk / Return Rank: 65
DBO Sharpe Ratio Rank: 70
DBO Sortino Ratio Rank: 62
DBO Omega Ratio Rank: 61
DBO Calmar Ratio Rank: 82
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.

WFH vs. DBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Work From Home ETF (WFH) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	WFH	DBO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.25	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.48	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.02	—

Drawdowns

Drawdown Indicators

	WFH	DBO	Difference
Max Drawdown Largest peak-to-trough decline	—	-90.18%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-18.19%	—
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	—	-52.68%	—
Average Drawdown Average peak-to-trough decline	—	-62.25%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.94%	—

Volatility

Volatility by Period

	WFH	DBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	34.58%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	32.31%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	31.79%	—

WFH vs. DBO - Expense Ratio Comparison

WFH has a 0.45% expense ratio, which is lower than DBO's 0.78% expense ratio.

Dividends

WFH vs. DBO - Dividend Comparison

WFH's dividend yield for the trailing twelve months is around 0.91%, less than DBO's 1.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBO Invesco DB Oil Fund	1.95%	3.51%	4.68%	4.59%	0.66%	0.00%	0.00%	1.63%	1.58%
WFH Direxion Work From Home ETF	0.91%	0.94%	0.50%	0.67%	0.42%	0.79%	0.86%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WFH and DBO in my portfolio?

WFH and DBO have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WFH or DBO?

On fees, WFH is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WFH or DBO?

WFH is cheaper with a 0.45% expense ratio, compared with 0.78% for DBO.

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

DBO has the higher dividend yield at 1.95%, compared with 0.91% for WFH.

What is the main difference between WFH and DBO?

WFH is categorized as Technology Equities, while DBO is Oil & Gas. WFH tracks Solactive Remote Work Index, while DBO tracks DBIQ Optimum Yield Crude Oil Index Excess Return. They also come from different issuers: Direxion and Invesco. Their fees differ too: 0.45% for WFH and 0.78% for DBO.