DVXB vs. PICK

Last updated Jun 4, 2026

DVXB (WEBs Materials XLB Defined Volatility ETF) and PICK (iShares MSCI Global Select Metals & Mining Producers ETF) are both Materials funds - DVXB tracks the Syntax Defined Volatility XLB Index while PICK tracks the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index. Both are passively managed. A 0.67 correlation means they provide meaningful diversification when combined. DVXB charges 0.89%/yr vs 0.39%/yr for PICK.

Performance

DVXB vs. PICK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Materials XLB Defined Volatility ETF (DVXB) and iShares MSCI Global Select Metals & Mining Producers ETF (PICK). 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 lower than PICK's 30.58% return.

DVXB

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

PICK

• 1D: -2.74%
• 1M: 11.27%
• YTD: 30.58%
• 6M: 38.84%
• 1Y: 88.13%
• 3Y*: 22.92%
• 5Y*: 11.78%
• 10Y*: 17.67%

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

DVXB vs. PICK - Yearly Performance Comparison

	2026 (YTD)	2025
DVXB WEBs Materials XLB Defined Volatility ETF	20.01%	-6.27%
PICK iShares MSCI Global Select Metals & Mining Producers ETF	30.58%	25.94%

Correlation

The correlation between DVXB and PICK is 0.67, 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	0.67

Return for Risk

DVXB vs. PICK — Risk / Return Rank

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

PICK

PICK Risk / Return Rank: 84
PICK Sharpe Ratio Rank: 90
PICK Sortino Ratio Rank: 79
PICK Omega Ratio Rank: 83
PICK Calmar Ratio Rank: 83
PICK Martin Ratio Rank: 85

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. PICK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Materials XLB Defined Volatility ETF (DVXB) and iShares MSCI Global Select Metals & Mining Producers ETF (PICK). 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	PICK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.16	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.21	+0.27

Drawdowns

DVXB vs. PICK - Drawdown Comparison

The maximum DVXB drawdown since its inception was -19.77%, smaller than the maximum PICK drawdown of -68.87%. Use the drawdown chart below to compare losses from any high point for DVXB and PICK.

Drawdown Indicators

	DVXB	PICK	Difference
Max Drawdown Largest peak-to-trough decline	-19.77%	-68.87%	+49.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.54%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-32.52%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.37%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-52.72%	—
Current Drawdown Current decline from peak	-9.08%	-2.74%	-6.34%
Average Drawdown Average peak-to-trough decline	-6.93%	-24.12%	+17.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.86%	—

Volatility

Volatility by Period

	DVXB	PICK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	30.44%	28.10%	+2.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.44%	27.78%	+2.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.44%	28.37%	+2.07%

DVXB vs. PICK - Expense Ratio Comparison

DVXB has a 0.89% expense ratio, which is higher than PICK's 0.39% expense ratio.

Dividends

DVXB vs. PICK - Dividend Comparison

DVXB has not paid dividends to shareholders, while PICK's dividend yield for the trailing twelve months is around 2.20%.

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%
PICK iShares MSCI Global Select Metals & Mining Producers ETF	2.20%	2.88%	3.26%	4.19%	6.93%	5.89%	2.27%	5.51%	4.77%	2.41%	1.15%	15.77%

Frequently Asked Questions

Can I hold both DVXB and PICK in my portfolio?

DVXB and PICK have a correlation of 0.67, 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 PICK?

On fees, PICK is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXB or PICK?

PICK is cheaper with a 0.39% expense ratio, compared with 0.89% for DVXB.

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

PICK has the higher dividend yield at 2.20%, compared with 0.00% for DVXB.

What is the main difference between DVXB and PICK?

DVXB tracks Syntax Defined Volatility XLB Index, while PICK tracks MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index. They also come from different issuers: WEBs and iShares. Their fees differ too: 0.89% for DVXB and 0.39% for PICK.