DVIN vs. FOWF

Last updated Jun 4, 2026

DVIN (WEBs Industrials XLI Defined Volatility ETF) and FOWF (Pacer Solactive Whitney Future of Warfare ETF) are both Industrials Equities funds - DVIN tracks the Syntax Defined Volatility XLI Index while FOWF tracks the Solactive Whitney Future of Warfare Index. Both are passively managed. A 0.70 correlation means they provide meaningful diversification when combined. DVIN charges 0.89%/yr vs 0.49%/yr for FOWF.

Performance

DVIN vs. FOWF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Industrials XLI Defined Volatility ETF (DVIN) and Pacer Solactive Whitney Future of Warfare ETF (FOWF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVIN achieves a 15.30% return, which is significantly higher than FOWF's 9.44% return.

DVIN

• 1D: 0.06%
• 1M: 2.41%
• YTD: 15.30%
• 6M: 16.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FOWF

• 1D: -1.88%
• 1M: 3.45%
• YTD: 9.44%
• 6M: 12.30%
• 1Y: 22.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVIN vs. FOWF - Yearly Performance Comparison

	2026 (YTD)	2025
DVIN WEBs Industrials XLI Defined Volatility ETF	15.30%	-1.06%
FOWF Pacer Solactive Whitney Future of Warfare ETF	9.44%	3.69%

Correlation

The correlation between DVIN and FOWF is 0.70, 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	0.70

Return for Risk

DVIN vs. FOWF — Risk / Return Rank

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

FOWF

FOWF Risk / Return Rank: 46
FOWF Sharpe Ratio Rank: 46
FOWF Sortino Ratio Rank: 50
FOWF Omega Ratio Rank: 44
FOWF Calmar Ratio Rank: 45
FOWF Martin Ratio Rank: 44

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. FOWF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Industrials XLI Defined Volatility ETF (DVIN) and Pacer Solactive Whitney Future of Warfare ETF (FOWF). 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	FOWF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	1.63	-0.98

Drawdowns

DVIN vs. FOWF - Drawdown Comparison

The maximum DVIN drawdown since its inception was -18.47%, which is greater than FOWF's maximum drawdown of -12.29%. Use the drawdown chart below to compare losses from any high point for DVIN and FOWF.

Drawdown Indicators

	DVIN	FOWF	Difference
Max Drawdown Largest peak-to-trough decline	-18.47%	-12.29%	-6.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.08%	—
Current Drawdown Current decline from peak	-7.59%	-2.81%	-4.78%
Average Drawdown Average peak-to-trough decline	-5.00%	-2.05%	-2.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.16%	—

Volatility

Volatility by Period

	DVIN	FOWF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.80%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.62%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.60%	13.94%	+11.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.60%	16.89%	+8.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.60%	16.89%	+8.71%

DVIN vs. FOWF - Expense Ratio Comparison

DVIN has a 0.89% expense ratio, which is higher than FOWF's 0.49% expense ratio.

Dividends

DVIN vs. FOWF - Dividend Comparison

DVIN has not paid dividends to shareholders, while FOWF's dividend yield for the trailing twelve months is around 0.73%.

Position	TTM	2025
DVIN WEBs Industrials XLI Defined Volatility ETF	0.00%	0.00%
FOWF Pacer Solactive Whitney Future of Warfare ETF	0.73%	0.79%

Frequently Asked Questions

Can I hold both DVIN and FOWF in my portfolio?

DVIN and FOWF have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DVIN or FOWF?

On fees, FOWF is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVIN or FOWF?

FOWF is cheaper with a 0.49% expense ratio, compared with 0.89% for DVIN.

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

FOWF has the higher dividend yield at 0.73%, compared with 0.00% for DVIN.

What is the main difference between DVIN and FOWF?

DVIN tracks Syntax Defined Volatility XLI Index, while FOWF tracks Solactive Whitney Future of Warfare Index. They also come from different issuers: WEBs and Pacer. Their fees differ too: 0.89% for DVIN and 0.49% for FOWF.