DVXB vs. SETM

Last updated Jul 11, 2026

DVXB (WEBs Materials XLB Defined Volatility ETF) and SETM (Sprott Critical Materials ETF) are both Materials funds - DVXB tracks the Syntax Defined Volatility XLB Index while SETM tracks the Nasdaq Sprott Critical Materials Index. Both are passively managed. A 0.57 correlation means they provide meaningful diversification when combined. DVXB charges 0.89%/yr vs 0.65%/yr for SETM.

Performance

DVXB vs. SETM - Performance Comparison

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

Returns By Period

In the year-to-date period, DVXB achieves a 16.59% return, which is significantly higher than SETM's 5.04% return.

DVXB

• 1D: 1.59%
• 1M: -3.31%
• 6M: 3.92%
• YTD: 16.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SETM

• 1D: 0.46%
• 1M: -8.49%
• 6M: -7.40%
• YTD: 5.04%
• 1Y: 65.66%
• 3Y*: 20.98%
• 5Y*: —
• 10Y*: —

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

DVXB vs. SETM - Yearly Performance Comparison

	2026 (YTD)	2025
DVXB WEBs Materials XLB Defined Volatility ETF	16.59%	-6.27%
SETM Sprott Critical Materials ETF	5.04%	41.48%

Correlation

The correlation between DVXB and SETM is 0.57, 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	0.57

Return for Risk

DVXB vs. SETM — Risk / Return Rank

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

DVXB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SETM

SETM Risk / Return Rank: 52
SETM Sharpe Ratio Rank: 53
SETM Sortino Ratio Rank: 47
SETM Omega Ratio Rank: 48
SETM Calmar Ratio Rank: 66
SETM Martin Ratio Rank: 49

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. SETM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Materials XLB Defined Volatility ETF (DVXB) and Sprott Critical Materials ETF (SETM). 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	SETM	Difference
Sharpe ratio: Return per unit of total volatility	—	1.46	—
Sortino ratio: Return per unit of downside risk	—	1.91	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.62	—
Martin ratio: Return relative to average drawdown	—	6.56	—

Drawdowns

DVXB vs. SETM - Drawdown Comparison

The maximum DVXB drawdown since its inception was -19.77%, smaller than the maximum SETM drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for DVXB and SETM.

Drawdown Indicators

	DVXB	SETM	Difference
Max Drawdown Largest peak-to-trough decline	-19.77%	-42.81%	+23.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.85%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-42.81%	—
Current Drawdown Current decline from peak	-11.66%	-23.46%	+11.80%
Average Drawdown Average peak-to-trough decline	-7.29%	-15.13%	+7.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.29%	—

Volatility

Volatility by Period

	DVXB	SETM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	36.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	30.61%	46.70%	-16.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.61%	37.14%	-6.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.61%	37.14%	-6.53%

DVXB vs. SETM - Expense Ratio Comparison

DVXB has a 0.89% expense ratio, which is higher than SETM's 0.65% expense ratio.

Dividends

DVXB vs. SETM - Dividend Comparison

DVXB has not paid dividends to shareholders, while SETM's dividend yield for the trailing twelve months is around 1.49%.

Position	TTM	2025	2024	2023
DVXB WEBs Materials XLB Defined Volatility ETF	0.00%	0.00%	0.00%	0.00%
SETM Sprott Critical Materials ETF	1.49%	1.56%	2.07%	2.47%

Frequently Asked Questions

Can I hold both DVXB and SETM in my portfolio?

DVXB and SETM have a correlation of 0.57, 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 SETM?

On fees, SETM is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXB or SETM?

SETM is cheaper with a 0.65% expense ratio, compared with 0.89% for DVXB.

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

SETM has the higher dividend yield at 1.49%, compared with 0.00% for DVXB.

What is the main difference between DVXB and SETM?

DVXB tracks Syntax Defined Volatility XLB Index, while SETM tracks Nasdaq Sprott Critical Materials Index. They also come from different issuers: WEBs and Sprott. Their fees differ too: 0.89% for DVXB and 0.65% for SETM.