DVIN vs. DVXE

Last updated Aug 1, 2026

DVIN (WEBs Industrials XLI Defined Volatility ETF) and DVXE (WEBs Energy XLE Defined Volatility ETF) are both exchange-traded funds - DVIN is a Industrials Equities fund tracking the Syntax Defined Volatility XLI Index, while DVXE is a Energy Equities fund tracking the Syntax Defined Volatility XLE Index. Both are passively managed. Over the past year, DVIN returned 21.42% vs 61.29% for DVXE. Their 0.01 correlation means their historical movements had little consistent relationship. Both charge a 0.89% expense ratio.

Performance

DVIN vs. DVXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Industrials XLI Defined Volatility ETF (DVIN) 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, DVIN achieves a 16.44% return, which is significantly lower than DVXE's 50.61% return.

DVIN

• 1D: 1.19%
• 1M: -4.12%
• 6M: 4.92%
• YTD: 16.44%
• 1Y: 21.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.87%

DVXE

• 1D: 1.38%
• 1M: 15.67%
• 6M: 26.93%
• YTD: 50.61%
• 1Y: 61.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 55.89%

*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	$413.20	$401.24	$922.19
DVXE WEBs Energy XLE Defined Volatility ETF	$14.59K	$12.40K	$16.43K

DVIN vs. DVXE - Yearly Performance Comparison

	2026 (YTD)	2025
DVIN WEBs Industrials XLI Defined Volatility ETF	16.44%	-1.06%
DVXE WEBs Energy XLE Defined Volatility ETF	50.61%	4.49%

Correlation

The correlation between DVIN and DVXE is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.02
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.01

Return for Risk

DVIN vs. DVXE — Risk / Return Rank

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

DVIN

DVIN Risk / Return Rank: 29
DVIN Sharpe Ratio Rank: 29
DVIN Sortino Ratio Rank: 29
DVIN Omega Ratio Rank: 28
DVIN Calmar Ratio Rank: 30
DVIN Martin Ratio Rank: 32

DVXE

DVXE Risk / Return Rank: 68
DVXE Sharpe Ratio Rank: 79
DVXE Sortino Ratio Rank: 70
DVXE Omega Ratio Rank: 68
DVXE Calmar Ratio Rank: 73
DVXE Martin Ratio Rank: 51

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. DVXE - Risk-Adjusted Trends Comparison

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

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	DVXE	Difference
Sharpe ratio: Return per unit of total volatility	0.68	1.83	-1.15
Sortino ratio: Return per unit of downside risk	1.07	2.31	-1.24
Omega ratio: Gain probability vs. loss probability	1.13	1.29	-0.16
Calmar ratio: Return relative to maximum drawdown	0.98	2.59	-1.62
Martin ratio: Return relative to average drawdown	2.98	6.05	-3.07

DVIN vs. DVXE - Sharpe Ratio Comparison

The current DVIN Sharpe Ratio is 0.68, which is lower than the DVXE Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of DVIN and DVXE, 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. DVXE - Drawdown Comparison

The maximum DVIN drawdown since its inception was -18.47%, smaller than the maximum DVXE drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for DVIN and DVXE.

Drawdown Indicators

	DVIN	DVXE	Difference
Max Drawdown Largest peak-to-trough decline	-18.47%	-21.83%	+3.36%
Max Drawdown (1Y) Largest decline over 1 year	-18.47%	-21.83%	+3.36%
Current Drawdown Current decline from peak	-6.68%	-8.57%	+1.89%
Average Drawdown Average peak-to-trough decline	-4.99%	-7.25%	+2.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.05%	9.37%	-3.32%

Volatility

DVIN vs. DVXE - Volatility Comparison

The current volatility for WEBs Industrials XLI Defined Volatility ETF (DVIN) is 7.77%, while WEBs Energy XLE Defined Volatility ETF (DVXE) has a volatility of 8.29%. This indicates that DVIN experiences smaller price fluctuations and is considered to be less risky than DVXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVIN	DVXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.77%	8.29%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	19.59%	22.36%	-2.77%
Volatility (1Y) Calculated over the trailing 1-year period	26.49%	30.92%	-4.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.36%	30.78%	-4.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.36%	30.78%	-4.42%

DVIN vs. DVXE - Expense Ratio Comparison

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

Dividends

DVIN vs. DVXE - Dividend Comparison

Neither DVIN nor DVXE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DVIN and DVXE in my portfolio?

DVIN and DVXE have a correlation of 0.02, 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 DVXE?

DVXE has higher volatility (8.29%) compared to DVIN (7.77%). In terms of maximum drawdown, DVIN dropped -18.47% vs DVXE's -21.83%.

Which ETF is better, DVIN or DVXE?

On 1-year performance, DVXE leads with 61.29% vs 21.42% for DVIN. Both ETFs have the same 0.89% expense ratio. On volatility, DVIN has been the lower-risk option at 7.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVIN or DVXE?

Over the 1-year period, DVXE has performed better with a 61.29% return vs 21.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVIN or DVXE?

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

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

DVIN and DVXE have nearly identical dividend yields, around 0.00%.

What is the main difference between DVIN and DVXE?

DVIN is categorized as Industrials Equities, while DVXE is Energy Equities. DVIN tracks Syntax Defined Volatility XLI Index, while DVXE tracks Syntax Defined Volatility XLE Index.

Which has better risk-adjusted returns?

DVXE currently has the higher Sharpe Ratio (1.83 vs 0.68), 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.