DVXB vs. WOOD
DVXB (WEBs Materials XLB Defined Volatility ETF) and WOOD (iShares Global Timber & Forestry ETF) are both Materials funds - DVXB tracks the Syntax Defined Volatility XLB Index while WOOD tracks the S&P Global Timber & Forestry Index. Both are passively managed. Over the past year, DVXB returned 20.35% vs 3.37% for WOOD. Their 0.70 correlation means they have sometimes moved together and sometimes differently. DVXB charges 0.89%/yr vs 0.46%/yr for WOOD.
Performance
DVXB vs. WOOD - Performance Comparison
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Returns By Period
In the year-to-date period, DVXB achieves a 15.12% return, which is significantly higher than WOOD's 0.84% return.
DVXB
- 1D
- -3.82%
- 1M
- -4.08%
- 6M
- -0.84%
- YTD
- 15.12%
- 1Y
- 20.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.74%
WOOD
- 1D
- -0.18%
- 1M
- 7.81%
- 6M
- -2.77%
- YTD
- 0.84%
- 1Y
- 3.37%
- 3Y*
- 0.18%
- 5Y*
- -2.02%
- 10Y*
- 6.04%
- ALL TIME*
- 4.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.05K | $1.06K | $4.38K | |
| $922.15K | $727.96K | $1.06M |
DVXB vs. WOOD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DVXB WEBs Materials XLB Defined Volatility ETF | 15.12% | -6.27% |
WOOD iShares Global Timber & Forestry ETF | 0.84% | -1.53% |
Correlation
The correlation between DVXB and WOOD is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.70 |
The correlation between DVXB and WOOD has been stable across timeframes, ranging from 0.70 to 0.70 - a consistent structural relationship.
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Return for Risk
DVXB vs. WOOD — Risk / Return Rank
DVXB
WOOD
DVXB vs. WOOD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WEBs Materials XLB Defined Volatility ETF (DVXB) and iShares Global Timber & Forestry ETF (WOOD). 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 | WOOD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.05 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 0.18 | +0.73 |
| Martin ratioReturn relative to average drawdown | 2.08 | 0.34 | +1.74 |
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Drawdowns
DVXB vs. WOOD - Drawdown Comparison
The maximum DVXB drawdown since its inception was -19.77%, smaller than the maximum WOOD drawdown of -63.25%. Use the drawdown chart below to compare losses from any high point for DVXB and WOOD.
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Drawdown Indicators
| DVXB | WOOD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.77% | -63.25% | +43.48% |
Max Drawdown (1Y)Largest decline over 1 year | -19.77% | -21.64% | +1.87% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.79% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.20% | — |
Current DrawdownCurrent decline from peak | -12.78% | -17.97% | +5.19% |
Average DrawdownAverage peak-to-trough decline | -7.54% | -14.83% | +7.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.63% | 11.43% | -2.80% |
Volatility
DVXB vs. WOOD - Volatility Comparison
WEBs Materials XLB Defined Volatility ETF (DVXB) has a higher volatility of 8.95% compared to iShares Global Timber & Forestry ETF (WOOD) at 5.30%. This indicates that DVXB's price experiences larger fluctuations and is considered to be riskier than WOOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DVXB | WOOD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.95% | 5.30% | +3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 22.87% | 14.61% | +8.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.49% | 18.65% | +11.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.60% | 19.74% | +10.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.60% | 21.74% | +8.86% |
DVXB vs. WOOD - Expense Ratio Comparison
DVXB has a 0.89% expense ratio, which is higher than WOOD's 0.46% expense ratio.
Dividends
DVXB vs. WOOD - Dividend Comparison
DVXB has not paid dividends to shareholders, while WOOD's dividend yield for the trailing twelve months is around 2.34%.
| 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% |
WOOD iShares Global Timber & Forestry ETF | 2.34% | 2.51% | 2.09% | 1.64% | 2.26% | 1.24% | 0.98% | 1.85% | 2.82% | 1.19% | 1.65% | 2.04% |
Frequently Asked Questions
DVXB and WOOD have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVXB has higher volatility (8.95%) compared to WOOD (5.30%). In terms of maximum drawdown, DVXB dropped -19.77% vs WOOD's -63.25%.
On 1-year performance, DVXB leads with 20.35% vs 3.37% for WOOD. On fees, WOOD is cheaper at 0.46% per year. On volatility, WOOD has been the lower-risk option at 5.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DVXB has performed better with a 20.35% return vs 3.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WOOD is cheaper with a 0.46% expense ratio, compared with 0.89% for DVXB.
WOOD has the higher dividend yield at 2.34%, compared with 0.00% for DVXB.
DVXB tracks Syntax Defined Volatility XLB Index, while WOOD tracks S&P Global Timber & Forestry Index. They also come from different issuers: WEBs and iShares. Their fees differ too: 0.89% for DVXB and 0.46% for WOOD.
DVXB currently has the higher Sharpe Ratio (0.59 vs 0.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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