DVXB vs. PSCM

Last updated Jun 4, 2026

DVXB (WEBs Materials XLB Defined Volatility ETF) and PSCM (Invesco S&P SmallCap Materials ETF) are both Materials funds - DVXB tracks the Syntax Defined Volatility XLB Index while PSCM tracks the S&P Small Cap 600 / Materials -SEC. Both are passively managed. Their correlation of 0.80 suggests significant overlap in exposure. DVXB charges 0.89%/yr vs 0.29%/yr for PSCM.

Performance

DVXB vs. PSCM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Materials XLB Defined Volatility ETF (DVXB) and Invesco S&P SmallCap Materials ETF (PSCM). 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 PSCM's 26.28% return.

DVXB

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

PSCM

• 1D: -1.52%
• 1M: -0.62%
• YTD: 26.28%
• 6M: 30.79%
• 1Y: 62.19%
• 3Y*: 18.02%
• 5Y*: 10.07%
• 10Y*: 12.90%

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

DVXB vs. PSCM - Yearly Performance Comparison

	2026 (YTD)	2025
DVXB WEBs Materials XLB Defined Volatility ETF	20.01%	-6.27%
PSCM Invesco S&P SmallCap Materials ETF	26.28%	9.39%

Correlation

The correlation between DVXB and PSCM is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.80

Return for Risk

DVXB vs. PSCM — Risk / Return Rank

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

PSCM

PSCM Risk / Return Rank: 78
PSCM Sharpe Ratio Rank: 80
PSCM Sortino Ratio Rank: 79
PSCM Omega Ratio Rank: 66
PSCM Calmar Ratio Rank: 83
PSCM Martin Ratio Rank: 82

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. PSCM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Materials XLB Defined Volatility ETF (DVXB) and Invesco S&P SmallCap Materials ETF (PSCM). 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	PSCM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.61	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.39	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.39	+0.09

Drawdowns

DVXB vs. PSCM - Drawdown Comparison

The maximum DVXB drawdown since its inception was -19.77%, smaller than the maximum PSCM drawdown of -51.34%. Use the drawdown chart below to compare losses from any high point for DVXB and PSCM.

Drawdown Indicators

	DVXB	PSCM	Difference
Max Drawdown Largest peak-to-trough decline	-19.77%	-51.34%	+31.57%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.33%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-35.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.34%	—
Current Drawdown Current decline from peak	-9.08%	-2.73%	-6.35%
Average Drawdown Average peak-to-trough decline	-6.93%	-10.90%	+3.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.78%	—

Volatility

Volatility by Period

	DVXB	PSCM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.72%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	30.44%	24.03%	+6.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.44%	25.74%	+4.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.44%	26.91%	+3.53%

DVXB vs. PSCM - Expense Ratio Comparison

DVXB has a 0.89% expense ratio, which is higher than PSCM's 0.29% expense ratio.

Dividends

DVXB vs. PSCM - Dividend Comparison

DVXB has not paid dividends to shareholders, while PSCM's dividend yield for the trailing twelve months is around 1.02%.

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%
PSCM Invesco S&P SmallCap Materials ETF	1.02%	1.17%	0.80%	0.81%	0.93%	0.67%	1.56%	1.14%	1.25%	0.61%	0.76%	1.33%

Frequently Asked Questions

Can I hold both DVXB and PSCM in my portfolio?

DVXB and PSCM have a correlation of 0.80, 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 PSCM?

On fees, PSCM is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXB or PSCM?

PSCM is cheaper with a 0.29% expense ratio, compared with 0.89% for DVXB.

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

PSCM has the higher dividend yield at 1.02%, compared with 0.00% for DVXB.

What is the main difference between DVXB and PSCM?

DVXB tracks Syntax Defined Volatility XLB Index, while PSCM tracks S&P Small Cap 600 / Materials -SEC. They also come from different issuers: WEBs and Invesco. Their fees differ too: 0.89% for DVXB and 0.29% for PSCM.