DVXB vs. GDXJ

Last updated Jun 4, 2026

DVXB (WEBs Materials XLB Defined Volatility ETF) and GDXJ (VanEck Junior Gold Miners ETF) are both exchange-traded funds - DVXB is a Materials fund tracking the Syntax Defined Volatility XLB Index, while GDXJ is a Gold fund tracking the MVIS Global Junior Gold Miners Index. Both are passively managed. A 0.54 correlation means they provide meaningful diversification when combined. DVXB charges 0.89%/yr vs 0.52%/yr for GDXJ.

Performance

DVXB vs. GDXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Materials XLB Defined Volatility ETF (DVXB) and VanEck Junior Gold Miners ETF (GDXJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVXB achieves a 20.01% return, which is significantly higher than GDXJ's -2.55% return.

DVXB

• 1D: 0.38%
• 1M: 1.55%
• YTD: 20.01%
• 6M: 24.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDXJ

• 1D: -4.40%
• 1M: -1.95%
• YTD: -2.55%
• 6M: 6.26%
• 1Y: 65.12%
• 3Y*: 46.12%
• 5Y*: 17.46%
• 10Y*: 13.07%

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

DVXB vs. GDXJ - Yearly Performance Comparison

	2026 (YTD)	2025
DVXB WEBs Materials XLB Defined Volatility ETF	20.01%	-6.27%
GDXJ VanEck Junior Gold Miners ETF	-2.55%	68.53%

Correlation

The correlation between DVXB and GDXJ is 0.54, 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	0.54

Return for Risk

DVXB vs. GDXJ — Risk / Return Rank

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

GDXJ

GDXJ Risk / Return Rank: 35
GDXJ Sharpe Ratio Rank: 36
GDXJ Sortino Ratio Rank: 32
GDXJ Omega Ratio Rank: 35
GDXJ Calmar Ratio Rank: 39
GDXJ Martin Ratio Rank: 32

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.

DVXB vs. GDXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Materials XLB Defined Volatility ETF (DVXB) and VanEck Junior Gold Miners ETF (GDXJ). 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

	DVXB	GDXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.32	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.30	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.06	+0.42

Drawdowns

DVXB vs. GDXJ - Drawdown Comparison

The maximum DVXB drawdown since its inception was -19.77%, smaller than the maximum GDXJ drawdown of -88.66%. Use the drawdown chart below to compare losses from any high point for DVXB and GDXJ.

Drawdown Indicators

	DVXB	GDXJ	Difference
Max Drawdown Largest peak-to-trough decline	-19.77%	-88.66%	+68.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-32.92%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-32.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-50.99%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-57.77%	—
Current Drawdown Current decline from peak	-9.08%	-29.01%	+19.93%
Average Drawdown Average peak-to-trough decline	-6.93%	-60.50%	+53.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.19%	—

Volatility

Volatility by Period

	DVXB	GDXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	41.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	30.44%	49.79%	-19.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.44%	41.10%	-10.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.44%	44.06%	-13.62%

DVXB vs. GDXJ - Expense Ratio Comparison

DVXB has a 0.89% expense ratio, which is higher than GDXJ's 0.52% expense ratio.

Dividends

DVXB vs. GDXJ - Dividend Comparison

DVXB has not paid dividends to shareholders, while GDXJ's dividend yield for the trailing twelve months is around 2.39%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVXB WEBs Materials XLB 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%
GDXJ VanEck Junior Gold Miners ETF	2.39%	2.33%	2.61%	0.72%	0.51%	1.78%	1.58%	0.39%	0.45%	0.03%	4.78%	0.72%

Frequently Asked Questions

Can I hold both DVXB and GDXJ in my portfolio?

DVXB and GDXJ have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DVXB or GDXJ?

On fees, GDXJ is cheaper at 0.52% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXB or GDXJ?

GDXJ is cheaper with a 0.52% expense ratio, compared with 0.89% for DVXB.

Which ETF pays a higher dividend yield, DVXB or GDXJ?

GDXJ has the higher dividend yield at 2.39%, compared with 0.00% for DVXB.

What is the main difference between DVXB and GDXJ?

DVXB is categorized as Materials, while GDXJ is Gold. DVXB tracks Syntax Defined Volatility XLB Index, while GDXJ tracks MVIS Global Junior Gold Miners Index. They also come from different issuers: WEBs and VanEck. Their fees differ too: 0.89% for DVXB and 0.52% for GDXJ.