DVRE vs. DVUT

Last updated Aug 1, 2026

DVRE (WEBs Real Estate XLRE Defined Volatility ETF) and DVUT (WEBs Utilities XLU Defined Volatility ETF) are both exchange-traded funds - DVRE is a REIT fund tracking the Syntax Defined Volatility XLRE Index, while DVUT is a Utilities Equities fund tracking the Syntax Defined Volatility XLU Index. Both are passively managed. Over the past year, DVRE returned 8.07% vs 3.76% for DVUT. Their 0.47 correlation means their historical movements had little consistent relationship. Both charge a 0.89% expense ratio.

Performance

DVRE vs. DVUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Real Estate XLRE Defined Volatility ETF (DVRE) and WEBs Utilities XLU Defined Volatility ETF (DVUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVRE achieves a 14.13% return, which is significantly higher than DVUT's 4.94% return.

DVRE

• 1D: -0.65%
• 1M: 1.48%
• 6M: 9.24%
• YTD: 14.13%
• 1Y: 8.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.35%

DVUT

• 1D: -0.88%
• 1M: -4.44%
• 6M: 3.42%
• YTD: 4.94%
• 1Y: 3.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.01%

*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)
DVRE WEBs Real Estate XLRE Defined Volatility ETF	$1.26K	$832.59	$697.29
DVUT WEBs Utilities XLU Defined Volatility ETF	$336.61	$333.66	$2.68K

DVRE vs. DVUT - Yearly Performance Comparison

	2026 (YTD)	2025
DVRE WEBs Real Estate XLRE Defined Volatility ETF	14.13%	-11.17%
DVUT WEBs Utilities XLU Defined Volatility ETF	4.94%	2.12%

Correlation

The correlation between DVRE and DVUT is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.48
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.47

Return for Risk

DVRE vs. DVUT — Risk / Return Rank

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

DVRE

DVRE Risk / Return Rank: 19
DVRE Sharpe Ratio Rank: 18
DVRE Sortino Ratio Rank: 18
DVRE Omega Ratio Rank: 18
DVRE Calmar Ratio Rank: 20
DVRE Martin Ratio Rank: 20

DVUT

DVUT Risk / Return Rank: 15
DVUT Sharpe Ratio Rank: 14
DVUT Sortino Ratio Rank: 15
DVUT Omega Ratio Rank: 15
DVUT Calmar Ratio Rank: 15
DVUT Martin Ratio Rank: 14

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.

DVRE vs. DVUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Real Estate XLRE Defined Volatility ETF (DVRE) and WEBs Utilities XLU Defined Volatility ETF (DVUT). 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.

	DVRE	DVUT	Difference
Sharpe ratio: Return per unit of total volatility	0.32	0.16	+0.15
Sortino ratio: Return per unit of downside risk	0.59	0.40	+0.18
Omega ratio: Gain probability vs. loss probability	1.07	1.05	+0.02
Calmar ratio: Return relative to maximum drawdown	0.49	0.23	+0.26
Martin ratio: Return relative to average drawdown	1.25	0.45	+0.80

DVRE vs. DVUT - Sharpe Ratio Comparison

The current DVRE Sharpe Ratio is 0.32, which is higher than the DVUT Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of DVRE and DVUT, 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

DVRE vs. DVUT - Drawdown Comparison

The maximum DVRE drawdown since its inception was -15.88%, smaller than the maximum DVUT drawdown of -18.27%. Use the drawdown chart below to compare losses from any high point for DVRE and DVUT.

Drawdown Indicators

	DVRE	DVUT	Difference
Max Drawdown Largest peak-to-trough decline	-15.88%	-18.27%	+2.39%
Max Drawdown (1Y) Largest decline over 1 year	-15.88%	-18.27%	+2.39%
Current Drawdown Current decline from peak	-2.98%	-12.19%	+9.21%
Average Drawdown Average peak-to-trough decline	-5.73%	-7.98%	+2.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.17%	9.37%	-3.20%

Volatility

DVRE vs. DVUT - Volatility Comparison

The current volatility for WEBs Real Estate XLRE Defined Volatility ETF (DVRE) is 6.30%, while WEBs Utilities XLU Defined Volatility ETF (DVUT) has a volatility of 7.37%. This indicates that DVRE experiences smaller price fluctuations and is considered to be less risky than DVUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVRE	DVUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.30%	7.37%	-1.07%
Volatility (6M) Calculated over the trailing 6-month period	18.38%	19.50%	-1.12%
Volatility (1Y) Calculated over the trailing 1-year period	24.61%	26.12%	-1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.01%	26.08%	-1.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.01%	26.08%	-1.07%

DVRE vs. DVUT - Expense Ratio Comparison

Both DVRE and DVUT have an expense ratio of 0.89%.

Dividends

DVRE vs. DVUT - Dividend Comparison

DVRE's dividend yield for the trailing twelve months is around 0.87%, while DVUT has not paid dividends to shareholders.

Position	TTM	2025
DVRE WEBs Real Estate XLRE Defined Volatility ETF	0.87%	0.99%
DVUT WEBs Utilities XLU Defined Volatility ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both DVRE and DVUT in my portfolio?

DVRE and DVUT have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVRE or DVUT?

DVUT has higher volatility (7.37%) compared to DVRE (6.30%). In terms of maximum drawdown, DVRE dropped -15.88% vs DVUT's -18.27%.

Which ETF is better, DVRE or DVUT?

On 1-year performance, DVRE leads with 8.07% vs 3.76% for DVUT. Both ETFs have the same 0.89% expense ratio. On volatility, DVRE has been the lower-risk option at 6.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVRE or DVUT?

Over the 1-year period, DVRE has performed better with a 8.07% return vs 3.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVRE or DVUT?

DVRE and DVUT have the same expense ratio: 0.89% per year.

Which ETF pays a higher dividend yield, DVRE or DVUT?

DVRE has the higher dividend yield at 0.87%, compared with 0.00% for DVUT.

What is the main difference between DVRE and DVUT?

DVRE is categorized as REIT, while DVUT is Utilities Equities. DVRE tracks Syntax Defined Volatility XLRE Index, while DVUT tracks Syntax Defined Volatility XLU Index.

Which has better risk-adjusted returns?

DVRE currently has the higher Sharpe Ratio (0.32 vs 0.16), 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.