DVIN vs. DVXF

Last updated Aug 1, 2026

DVIN (WEBs Industrials XLI Defined Volatility ETF) and DVXF (WEBs Financial XLF Defined Volatility ETF) are both exchange-traded funds - DVIN is a Industrials Equities fund tracking the Syntax Defined Volatility XLI Index, while DVXF is a Financials Equities fund tracking the Syntax Defined Volatility XLF Index. Both are passively managed. Over the past year, DVIN returned 21.42% vs 18.04% for DVXF. Their 0.51 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.89% expense ratio.

Performance

DVIN vs. DVXF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Industrials XLI Defined Volatility ETF (DVIN) and WEBs Financial XLF Defined Volatility ETF (DVXF). 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 higher than DVXF's 6.49% return.

DVIN

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

DVXF

• 1D: -0.15%
• 1M: 4.19%
• 6M: 12.72%
• YTD: 6.49%
• 1Y: 18.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.20%

*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
DVXF WEBs Financial XLF Defined Volatility ETF	$28.66K	$29.28K	$15.70K

DVIN vs. DVXF - Yearly Performance Comparison

	2026 (YTD)	2025
DVIN WEBs Industrials XLI Defined Volatility ETF	16.44%	-1.06%
DVXF WEBs Financial XLF Defined Volatility ETF	6.49%	5.63%

Correlation

The correlation between DVIN and DVXF is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.50
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.51

The correlation between DVIN and DVXF has been stable across timeframes, ranging from 0.50 to 0.51 - a consistent structural relationship.

Return for Risk

DVIN vs. DVXF — 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

DVXF

DVXF Risk / Return Rank: 22
DVXF Sharpe Ratio Rank: 23
DVXF Sortino Ratio Rank: 23
DVXF Omega Ratio Rank: 23
DVXF Calmar Ratio Rank: 20
DVXF Martin Ratio Rank: 20

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. DVXF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Industrials XLI Defined Volatility ETF (DVIN) and WEBs Financial XLF Defined Volatility ETF (DVXF). 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	DVXF	Difference
Sharpe ratio: Return per unit of total volatility	0.68	0.50	+0.19
Sortino ratio: Return per unit of downside risk	1.07	0.85	+0.22
Omega ratio: Gain probability vs. loss probability	1.13	1.11	+0.03
Calmar ratio: Return relative to maximum drawdown	0.98	0.52	+0.46
Martin ratio: Return relative to average drawdown	2.98	1.22	+1.76

DVIN vs. DVXF - Sharpe Ratio Comparison

The current DVIN Sharpe Ratio is 0.68, which is higher than the DVXF Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of DVIN and DVXF, 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. DVXF - Drawdown Comparison

The maximum DVIN drawdown since its inception was -18.47%, smaller than the maximum DVXF drawdown of -26.68%. Use the drawdown chart below to compare losses from any high point for DVIN and DVXF.

Drawdown Indicators

	DVIN	DVXF	Difference
Max Drawdown Largest peak-to-trough decline	-18.47%	-26.68%	+8.21%
Max Drawdown (1Y) Largest decline over 1 year	-18.47%	-26.68%	+8.21%
Current Drawdown Current decline from peak	-6.68%	-2.17%	-4.51%
Average Drawdown Average peak-to-trough decline	-4.99%	-8.83%	+3.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.05%	11.35%	-5.30%

Volatility

DVIN vs. DVXF - Volatility Comparison

WEBs Industrials XLI Defined Volatility ETF (DVIN) and WEBs Financial XLF Defined Volatility ETF (DVXF) have volatilities of 7.77% and 7.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVIN	DVXF	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.77%	7.81%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	19.59%	20.37%	-0.78%
Volatility (1Y) Calculated over the trailing 1-year period	26.49%	27.99%	-1.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.36%	27.81%	-1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.36%	27.81%	-1.45%

DVIN vs. DVXF - Expense Ratio Comparison

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

Dividends

DVIN vs. DVXF - Dividend Comparison

Neither DVIN nor DVXF has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DVIN and DVXF in my portfolio?

DVIN and DVXF have a correlation of 0.50, 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 DVXF?

DVXF has higher volatility (7.81%) compared to DVIN (7.77%). In terms of maximum drawdown, DVIN dropped -18.47% vs DVXF's -26.68%.

Which ETF is better, DVIN or DVXF?

On 1-year performance, DVIN leads with 21.42% vs 18.04% for DVXF. Both ETFs have the same 0.89% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVIN or DVXF?

Over the 1-year period, DVIN has performed better with a 21.42% return vs 18.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVIN or DVXF?

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

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

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

What is the main difference between DVIN and DVXF?

DVIN is categorized as Industrials Equities, while DVXF is Financials Equities. DVIN tracks Syntax Defined Volatility XLI Index, while DVXF tracks Syntax Defined Volatility XLF Index.

Which has better risk-adjusted returns?

DVIN currently has the higher Sharpe Ratio (0.68 vs 0.50), 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.