DVIN vs. FIDU

Last updated Jun 3, 2026

DVIN (WEBs Industrials XLI Defined Volatility ETF) and FIDU (Fidelity MSCI Industrials Index ETF) are both Industrials Equities funds - DVIN tracks the Syntax Defined Volatility XLI Index while FIDU tracks the MSCI USA IMI Industrials Index. Both are passively managed. With a 0.98 correlation, they move nearly in lockstep. DVIN charges 0.89%/yr vs 0.08%/yr for FIDU.

Performance

DVIN vs. FIDU - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with DVIN having a 15.24% return and FIDU slightly lower at 15.15%.

DVIN

• 1D: 1.36%
• 1M: 0.84%
• YTD: 15.24%
• 6M: 17.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIDU

• 1D: 1.24%
• 1M: 1.25%
• YTD: 15.15%
• 6M: 16.85%
• 1Y: 28.50%
• 3Y*: 22.70%
• 5Y*: 12.92%
• 10Y*: 14.33%

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

DVIN vs. FIDU - Yearly Performance Comparison

	2026 (YTD)	2025
DVIN WEBs Industrials XLI Defined Volatility ETF	15.24%	-1.06%
FIDU Fidelity MSCI Industrials Index ETF	15.15%	2.36%

Correlation

The correlation between DVIN and FIDU is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.98

Return for Risk

DVIN vs. FIDU — Risk / Return Rank

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

FIDU

FIDU Risk / Return Rank: 49
FIDU Sharpe Ratio Rank: 49
FIDU Sortino Ratio Rank: 51
FIDU Omega Ratio Rank: 46
FIDU Calmar Ratio Rank: 46
FIDU Martin Ratio Rank: 55

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.

DVIN vs. FIDU - Risk-Adjusted Trends Comparison

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

	DVIN	FIDU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.74	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.66	-0.02

Drawdowns

DVIN vs. FIDU - Drawdown Comparison

The maximum DVIN drawdown since its inception was -18.47%, smaller than the maximum FIDU drawdown of -42.31%. Use the drawdown chart below to compare losses from any high point for DVIN and FIDU.

Drawdown Indicators

	DVIN	FIDU	Difference
Max Drawdown Largest peak-to-trough decline	-18.47%	-42.31%	+23.84%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.23%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.52%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.31%	—
Current Drawdown Current decline from peak	-7.65%	-1.09%	-6.56%
Average Drawdown Average peak-to-trough decline	-4.98%	-4.81%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.95%	—

Volatility

Volatility by Period

	DVIN	FIDU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.66%	16.50%	+9.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.66%	18.27%	+7.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.66%	20.31%	+5.35%

DVIN vs. FIDU - Expense Ratio Comparison

DVIN has a 0.89% expense ratio, which is higher than FIDU's 0.08% expense ratio.

Dividends

DVIN vs. FIDU - Dividend Comparison

DVIN has not paid dividends to shareholders, while FIDU's dividend yield for the trailing twelve months is around 0.95%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVIN WEBs Industrials XLI Defined Volatility ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FIDU Fidelity MSCI Industrials Index ETF	0.95%	1.02%	1.42%	1.42%	1.48%	1.12%	1.28%	1.73%	1.99%	1.60%	1.63%	1.98%

Frequently Asked Questions

Can I hold both DVIN and FIDU in my portfolio?

With a correlation of 0.98, DVIN and FIDU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, DVIN or FIDU?

On fees, FIDU is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVIN or FIDU?

FIDU is cheaper with a 0.08% expense ratio, compared with 0.89% for DVIN.

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

FIDU has the higher dividend yield at 0.95%, compared with 0.00% for DVIN.

What is the main difference between DVIN and FIDU?

DVIN tracks Syntax Defined Volatility XLI Index, while FIDU tracks MSCI USA IMI Industrials Index. They also come from different issuers: WEBs and Fidelity. Their fees differ too: 0.89% for DVIN and 0.08% for FIDU.