DVUT vs. DVXE

Last updated Aug 1, 2026

DVUT (WEBs Utilities XLU Defined Volatility ETF) and DVXE (WEBs Energy XLE Defined Volatility ETF) are both exchange-traded funds - DVUT is a Utilities Equities fund tracking the Syntax Defined Volatility XLU Index, while DVXE is a Energy Equities fund tracking the Syntax Defined Volatility XLE Index. Both are passively managed. Over the past year, DVUT returned 3.76% vs 61.29% for DVXE. Their 0.08 correlation means their historical movements had little consistent relationship. Both charge a 0.89% expense ratio.

Performance

DVUT vs. DVXE - Performance Comparison

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

Returns By Period

In the year-to-date period, DVUT achieves a 4.94% return, which is significantly lower than DVXE's 50.61% return.

DVUT

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

DVXE

• 1D: 1.38%
• 1M: 15.67%
• 6M: 26.93%
• YTD: 50.61%
• 1Y: 61.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 55.89%

*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)
DVUT WEBs Utilities XLU Defined Volatility ETF	$336.61	$333.66	$2.68K
DVXE WEBs Energy XLE Defined Volatility ETF	$14.59K	$12.40K	$16.43K

DVUT vs. DVXE - Yearly Performance Comparison

	2026 (YTD)	2025
DVUT WEBs Utilities XLU Defined Volatility ETF	4.94%	2.12%
DVXE WEBs Energy XLE Defined Volatility ETF	50.61%	4.49%

Correlation

The correlation between DVUT and DVXE is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.09
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.08

Return for Risk

DVUT vs. DVXE — Risk / Return Rank

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

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

DVXE

DVXE Risk / Return Rank: 68
DVXE Sharpe Ratio Rank: 79
DVXE Sortino Ratio Rank: 70
DVXE Omega Ratio Rank: 68
DVXE Calmar Ratio Rank: 73
DVXE Martin Ratio Rank: 51

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.

DVUT vs. DVXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Utilities XLU Defined Volatility ETF (DVUT) and WEBs Energy XLE Defined Volatility ETF (DVXE). 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.

	DVUT	DVXE	Difference
Sharpe ratio: Return per unit of total volatility	0.16	1.83	-1.67
Sortino ratio: Return per unit of downside risk	0.40	2.31	-1.90
Omega ratio: Gain probability vs. loss probability	1.05	1.29	-0.24
Calmar ratio: Return relative to maximum drawdown	0.23	2.59	-2.36
Martin ratio: Return relative to average drawdown	0.45	6.05	-5.60

DVUT vs. DVXE - Sharpe Ratio Comparison

The current DVUT Sharpe Ratio is 0.16, which is lower than the DVXE Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of DVUT and DVXE, 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

DVUT vs. DVXE - Drawdown Comparison

The maximum DVUT drawdown since its inception was -18.27%, smaller than the maximum DVXE drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for DVUT and DVXE.

Drawdown Indicators

	DVUT	DVXE	Difference
Max Drawdown Largest peak-to-trough decline	-18.27%	-21.83%	+3.56%
Max Drawdown (1Y) Largest decline over 1 year	-18.27%	-21.83%	+3.56%
Current Drawdown Current decline from peak	-12.19%	-8.57%	-3.62%
Average Drawdown Average peak-to-trough decline	-7.98%	-7.25%	-0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.37%	9.37%	0.00%

Volatility

DVUT vs. DVXE - Volatility Comparison

The current volatility for WEBs Utilities XLU Defined Volatility ETF (DVUT) is 7.37%, while WEBs Energy XLE Defined Volatility ETF (DVXE) has a volatility of 8.29%. This indicates that DVUT experiences smaller price fluctuations and is considered to be less risky than DVXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVUT	DVXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.37%	8.29%	-0.92%
Volatility (6M) Calculated over the trailing 6-month period	19.50%	22.36%	-2.86%
Volatility (1Y) Calculated over the trailing 1-year period	26.12%	30.92%	-4.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.08%	30.78%	-4.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.08%	30.78%	-4.70%

DVUT vs. DVXE - Expense Ratio Comparison

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

Dividends

DVUT vs. DVXE - Dividend Comparison

Neither DVUT nor DVXE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DVUT and DVXE in my portfolio?

DVUT and DVXE have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVUT or DVXE?

DVXE has higher volatility (8.29%) compared to DVUT (7.37%). In terms of maximum drawdown, DVUT dropped -18.27% vs DVXE's -21.83%.

Which ETF is better, DVUT or DVXE?

On 1-year performance, DVXE leads with 61.29% vs 3.76% for DVUT. Both ETFs have the same 0.89% expense ratio. On volatility, DVUT has been the lower-risk option at 7.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVUT or DVXE?

Over the 1-year period, DVXE has performed better with a 61.29% return vs 3.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVUT or DVXE?

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

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

DVUT and DVXE have nearly identical dividend yields, around 0.00%.

What is the main difference between DVUT and DVXE?

DVUT is categorized as Utilities Equities, while DVXE is Energy Equities. DVUT tracks Syntax Defined Volatility XLU Index, while DVXE tracks Syntax Defined Volatility XLE Index.

Which has better risk-adjusted returns?

DVXE currently has the higher Sharpe Ratio (1.83 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.