DVIN vs. DVRE

Last updated Aug 5, 2026

DVIN (WEBs Industrials XLI Defined Volatility ETF) and DVRE (WEBs Real Estate XLRE Defined Volatility ETF) are both exchange-traded funds - DVIN is a Industrials Equities fund tracking the Syntax Defined Volatility XLI Index, while DVRE is a REIT fund tracking the Syntax Defined Volatility XLRE Index. Both are passively managed. Over the past year, DVIN returned 25.65% vs 7.10% for DVRE. Their 0.38 correlation means their historical movements had little consistent relationship. Both charge a 0.89% expense ratio.

Performance

DVIN vs. DVRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Industrials XLI Defined Volatility ETF (DVIN) and WEBs Real Estate XLRE Defined Volatility ETF (DVRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVIN achieves a 22.62% return, which is significantly higher than DVRE's 14.38% return.

DVIN

• 1D: 2.57%
• 1M: 0.97%
• 6M: 7.14%
• YTD: 22.62%
• 1Y: 25.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.59%

DVRE

• 1D: -0.03%
• 1M: 1.71%
• 6M: 12.48%
• YTD: 14.38%
• 1Y: 7.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.55%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DVIN WEBs Industrials XLI Defined Volatility ETF	$441.98	$403.94	$910.24
DVRE WEBs Real Estate XLRE Defined Volatility ETF	$1.19K	$893.54	$743.58

DVIN vs. DVRE - Yearly Performance Comparison

	2026 (YTD)	2025
DVIN WEBs Industrials XLI Defined Volatility ETF	22.62%	-1.06%
DVRE WEBs Real Estate XLRE Defined Volatility ETF	14.38%	-11.17%

Correlation

The correlation between DVIN and DVRE is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.38

Return for Risk

DVIN vs. DVRE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DVIN

DVIN Risk / Return Rank: 35
DVIN Sharpe Ratio Rank: 35
DVIN Sortino Ratio Rank: 34
DVIN Omega Ratio Rank: 33
DVIN Calmar Ratio Rank: 36
DVIN Martin Ratio Rank: 37

DVRE

DVRE Risk / Return Rank: 16
DVRE Sharpe Ratio Rank: 16
DVRE Sortino Ratio Rank: 16
DVRE Omega Ratio Rank: 16
DVRE Calmar Ratio Rank: 17
DVRE Martin Ratio Rank: 17

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DVIN vs. DVRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Industrials XLI Defined Volatility ETF (DVIN) and WEBs Real Estate XLRE Defined Volatility ETF (DVRE). 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.

	DVIN	DVRE	Difference
Sharpe ratio: Return per unit of total volatility	0.97	0.29	+0.68
Sortino ratio: Return per unit of downside risk	1.42	0.55	+0.87
Omega ratio: Gain probability vs. loss probability	1.18	1.07	+0.11
Calmar ratio: Return relative to maximum drawdown	1.40	0.45	+0.95
Martin ratio: Return relative to average drawdown	4.25	1.15	+3.10

DVIN vs. DVRE - Sharpe Ratio Comparison

The current DVIN Sharpe Ratio is 0.97, which is higher than the DVRE Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of DVIN and DVRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DVIN vs. DVRE - Drawdown Comparison

The maximum DVIN drawdown since its inception was -18.47%, which is greater than DVRE's maximum drawdown of -15.88%. Use the drawdown chart below to compare losses from any high point for DVIN and DVRE.

Drawdown Indicators

	DVIN	DVRE	Difference
Max Drawdown Largest peak-to-trough decline	-18.47%	-15.88%	-2.59%
Max Drawdown (1Y) Largest decline over 1 year	-18.47%	-15.88%	-2.59%
Current Drawdown Current decline from peak	-1.73%	-2.77%	+1.04%
Average Drawdown Average peak-to-trough decline	-4.98%	-5.71%	+0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.05%	6.17%	-0.12%

Volatility

DVIN vs. DVRE - Volatility Comparison

WEBs Industrials XLI Defined Volatility ETF (DVIN) has a higher volatility of 8.62% compared to WEBs Real Estate XLRE Defined Volatility ETF (DVRE) at 6.06%. This indicates that DVIN's price experiences larger fluctuations and is considered to be riskier than DVRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVIN	DVRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.62%	6.06%	+2.56%
Volatility (6M) Calculated over the trailing 6-month period	19.83%	18.27%	+1.56%
Volatility (1Y) Calculated over the trailing 1-year period	26.56%	24.42%	+2.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.49%	24.92%	+1.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.49%	24.92%	+1.57%

DVIN vs. DVRE - Expense Ratio Comparison

Both DVIN and DVRE have an expense ratio of 0.89%.

Dividends

DVIN vs. DVRE - Dividend Comparison

DVIN has not paid dividends to shareholders, while DVRE's dividend yield for the trailing twelve months is around 0.86%.

Position	TTM	2025
DVIN WEBs Industrials XLI Defined Volatility ETF	0.00%	0.00%
DVRE WEBs Real Estate XLRE Defined Volatility ETF	0.86%	0.99%

Frequently Asked Questions

Can I hold both DVIN and DVRE in my portfolio?

DVIN and DVRE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVIN or DVRE?

DVIN has higher volatility (8.62%) compared to DVRE (6.06%). In terms of maximum drawdown, DVIN dropped -18.47% vs DVRE's -15.88%.

Which ETF is better, DVIN or DVRE?

On 1-year performance, DVIN leads with 25.65% vs 7.10% for DVRE. Both ETFs have the same 0.89% expense ratio. On volatility, DVRE has been the lower-risk option at 6.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVIN or DVRE?

Over the 1-year period, DVIN has performed better with a 25.65% return vs 7.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVIN or DVRE?

DVIN and DVRE have the same expense ratio: 0.89% per year.

Which ETF pays a higher dividend yield, DVIN or DVRE?

DVRE has the higher dividend yield at 0.86%, compared with 0.00% for DVIN.

What is the main difference between DVIN and DVRE?

DVIN is categorized as Industrials Equities, while DVRE is REIT. DVIN tracks Syntax Defined Volatility XLI Index, while DVRE tracks Syntax Defined Volatility XLRE Index.

Which has better risk-adjusted returns?

DVIN currently has the higher Sharpe Ratio (0.97 vs 0.29), 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.