DVIN vs. HVAC

Last updated Jun 4, 2026

DVIN (WEBs Industrials XLI Defined Volatility ETF) and HVAC (AdvisorShares HVAC and Industrials ETF) are both Industrials Equities funds. DVIN is passively managed, while HVAC is actively managed. Their correlation of 0.81 suggests significant overlap in exposure. DVIN charges 0.89%/yr vs 1.00%/yr for HVAC.

Performance

DVIN vs. HVAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Industrials XLI Defined Volatility ETF (DVIN) and AdvisorShares HVAC and Industrials ETF (HVAC). 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 lower than HVAC's 36.48% return.

DVIN

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

HVAC

• 1D: 1.91%
• 1M: 6.24%
• YTD: 36.48%
• 6M: 32.88%
• 1Y: 59.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVIN vs. HVAC - Yearly Performance Comparison

	2026 (YTD)	2025
DVIN WEBs Industrials XLI Defined Volatility ETF	15.30%	-1.06%
HVAC AdvisorShares HVAC and Industrials ETF	36.48%	5.33%

Correlation

The correlation between DVIN and HVAC is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.81

Return for Risk

DVIN vs. HVAC — Risk / Return Rank

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

HVAC

HVAC Risk / Return Rank: 68
HVAC Sharpe Ratio Rank: 66
HVAC Sortino Ratio Rank: 59
HVAC Omega Ratio Rank: 60
HVAC Calmar Ratio Rank: 79
HVAC Martin Ratio Rank: 75

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. HVAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Industrials XLI Defined Volatility ETF (DVIN) and AdvisorShares HVAC and Industrials ETF (HVAC). 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	HVAC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.19	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	1.67	-1.02

Drawdowns

DVIN vs. HVAC - Drawdown Comparison

The maximum DVIN drawdown since its inception was -18.47%, smaller than the maximum HVAC drawdown of -21.22%. Use the drawdown chart below to compare losses from any high point for DVIN and HVAC.

Drawdown Indicators

	DVIN	HVAC	Difference
Max Drawdown Largest peak-to-trough decline	-18.47%	-21.22%	+2.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.83%	—
Current Drawdown Current decline from peak	-7.59%	-0.60%	-6.99%
Average Drawdown Average peak-to-trough decline	-5.00%	-3.95%	-1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.19%	—

Volatility

Volatility by Period

	DVIN	HVAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	22.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.60%	27.43%	-1.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.60%	29.39%	-3.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.60%	29.39%	-3.79%

DVIN vs. HVAC - Expense Ratio Comparison

DVIN has a 0.89% expense ratio, which is lower than HVAC's 1.00% expense ratio.

Dividends

DVIN vs. HVAC - Dividend Comparison

DVIN has not paid dividends to shareholders, while HVAC's dividend yield for the trailing twelve months is around 0.14%.

Position	TTM	2025
DVIN WEBs Industrials XLI Defined Volatility ETF	0.00%	0.00%
HVAC AdvisorShares HVAC and Industrials ETF	0.14%	0.19%

Frequently Asked Questions

Can I hold both DVIN and HVAC in my portfolio?

DVIN and HVAC have a correlation of 0.81, 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 HVAC?

On fees, DVIN is cheaper at 0.89% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVIN or HVAC?

DVIN is cheaper with a 0.89% expense ratio, compared with 1.00% for HVAC.

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

HVAC has the higher dividend yield at 0.14%, compared with 0.00% for DVIN.

What is the main difference between DVIN and HVAC?

They also come from different issuers: WEBs and AdvisorShares. Their fees differ too: 0.89% for DVIN and 1.00% for HVAC.