DVXB vs. PICK
DVXB (WEBs Materials XLB Defined Volatility ETF) and PICK (iShares MSCI Global Metals & Mining Producers ETF) are both exchange-traded funds - DVXB is a Materials fund tracking the Syntax Defined Volatility XLB Index, while PICK is a Metals fund tracking the MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market Index. Both are passively managed. A 0.66 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
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Returns By Period
In the year-to-date period, DVXB achieves a 16.59% return, which is significantly higher than PICK's 12.59% return.
DVXB
- 1D
- 1.59%
- 1M
- -3.31%
- 6M
- 3.92%
- YTD
- 16.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PICK
- 1D
- 1.47%
- 1M
- -11.18%
- 6M
- 6.19%
- YTD
- 12.59%
- 1Y
- 48.31%
- 3Y*
- 15.71%
- 5Y*
- 9.25%
- 10Y*
- 14.58%
DVXB vs. PICK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DVXB WEBs Materials XLB Defined Volatility ETF | 16.59% | -6.27% |
PICK iShares MSCI Global Metals & Mining Producers ETF | 12.59% | 26.71% |
Correlation
The correlation between DVXB and PICK is 0.66, 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 23, 2025 | 0.66 |
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Return for Risk
DVXB vs. PICK — Risk / Return Rank
DVXB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PICK
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 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.
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.
| DVXB | PICK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.50 | — |
| Martin ratioReturn relative to average drawdown | — | 7.82 | — |
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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.
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Drawdown Indicators
| DVXB | PICK | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -11.66% | -16.14% | +4.48% |
Average DrawdownAverage peak-to-trough decline | -7.29% | -24.03% | +16.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.24% | — |
Volatility
DVXB vs. PICK - Volatility Comparison
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Volatility by Period
| DVXB | PICK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.32% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 26.48% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 30.61% | 30.11% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.61% | 28.13% | +2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.61% | 28.27% | +2.34% |
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 2.30%.
| 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 Metals & Mining Producers ETF | 2.30% | 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
DVXB and PICK have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
PICK is cheaper with a 0.39% expense ratio, compared with 0.89% for DVXB.
PICK has the higher dividend yield at 2.30%, compared with 0.00% for DVXB.
DVXB is categorized as Materials, while PICK is Metals. DVXB tracks Syntax Defined Volatility XLB Index, while PICK tracks MSCI ACWI Select Metals & Mining Producers ex Gold and 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.
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