BESF vs. DVXE

Last updated Jun 4, 2026

BESF (Bastion Energy ETF) and DVXE (WEBs Energy XLE Defined Volatility ETF) are both Energy Equities funds. BESF is actively managed, while DVXE is passively managed. A 0.56 correlation means they provide meaningful diversification when combined. BESF charges 0.80%/yr vs 0.89%/yr for DVXE.

Performance

BESF vs. DVXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bastion Energy ETF (BESF) and WEBs Energy XLE Defined Volatility ETF (DVXE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BESF achieves a 19.74% return, which is significantly lower than DVXE's 44.98% return.

BESF

• 1D: 0.68%
• 1M: -4.08%
• YTD: 19.74%
• 6M: 21.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DVXE

• 1D: 1.52%
• 1M: -1.50%
• YTD: 44.98%
• 6M: 39.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BESF vs. DVXE - Yearly Performance Comparison

	2026 (YTD)	2025
BESF Bastion Energy ETF	19.74%	29.62%
DVXE WEBs Energy XLE Defined Volatility ETF	44.98%	4.49%

Correlation

The correlation between BESF and DVXE is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.56

Return for Risk

BESF vs. DVXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bastion Energy ETF (BESF) and WEBs Energy XLE Defined Volatility ETF (DVXE). 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

	BESF	DVXE	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.87	1.99	+0.88

Drawdowns

BESF vs. DVXE - Drawdown Comparison

The maximum BESF drawdown since its inception was -9.89%, smaller than the maximum DVXE drawdown of -17.96%. Use the drawdown chart below to compare losses from any high point for BESF and DVXE.

Drawdown Indicators

	BESF	DVXE	Difference
Max Drawdown Largest peak-to-trough decline	-9.89%	-17.96%	+8.07%
Current Drawdown Current decline from peak	-5.88%	-11.99%	+6.11%
Average Drawdown Average peak-to-trough decline	-2.45%	-5.80%	+3.35%

Volatility

Volatility by Period

	BESF	DVXE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	24.33%	31.23%	-6.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.33%	31.23%	-6.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.33%	31.23%	-6.90%

BESF vs. DVXE - Expense Ratio Comparison

BESF has a 0.80% expense ratio, which is lower than DVXE's 0.89% expense ratio.

Dividends

BESF vs. DVXE - Dividend Comparison

BESF's dividend yield for the trailing twelve months is around 5.68%, while DVXE has not paid dividends to shareholders.

Position	TTM	2025
BESF Bastion Energy ETF	5.68%	6.39%
DVXE WEBs Energy XLE Defined Volatility ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both BESF and DVXE in my portfolio?

BESF and DVXE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BESF or DVXE?

On fees, BESF is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BESF or DVXE?

BESF is cheaper with a 0.80% expense ratio, compared with 0.89% for DVXE.

Which ETF pays a higher dividend yield, BESF or DVXE?

BESF has the higher dividend yield at 5.68%, compared with 0.00% for DVXE.

What is the main difference between BESF and DVXE?

They also come from different issuers: Bastion and WEBs. Their fees differ too: 0.80% for BESF and 0.89% for DVXE.