DVXB vs. XLBI

Last updated Jul 11, 2026

DVXB (WEBs Materials XLB Defined Volatility ETF) and XLBI (State Street Materials Select Sector SPDR Premium Income ETF) are both exchange-traded funds - DVXB is a Materials fund tracking the Syntax Defined Volatility XLB Index, while XLBI is a Derivative Income fund actively managed by State Street. DVXB is passively managed, while XLBI is actively managed. With a 0.96 correlation, they move nearly in lockstep. DVXB charges 0.89%/yr vs 0.35%/yr for XLBI.

Performance

DVXB vs. XLBI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Materials XLB Defined Volatility ETF (DVXB) and State Street Materials Select Sector SPDR Premium Income ETF (XLBI). 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 XLBI's 7.80% return.

DVXB

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

XLBI

• 1D: 1.59%
• 1M: 0.97%
• 6M: 5.53%
• YTD: 7.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVXB vs. XLBI - Yearly Performance Comparison

	2026 (YTD)	2025
DVXB WEBs Materials XLB Defined Volatility ETF	16.59%	-3.14%
XLBI State Street Materials Select Sector SPDR Premium Income ETF	7.80%	2.25%

Correlation

The correlation between DVXB and XLBI is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.96

Return for Risk

DVXB vs. XLBI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Materials XLB Defined Volatility ETF (DVXB) and State Street Materials Select Sector SPDR Premium Income ETF (XLBI). 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.

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

Drawdowns

DVXB vs. XLBI - Drawdown Comparison

The maximum DVXB drawdown since its inception was -19.77%, which is greater than XLBI's maximum drawdown of -10.62%. Use the drawdown chart below to compare losses from any high point for DVXB and XLBI.

Drawdown Indicators

	DVXB	XLBI	Difference
Max Drawdown Largest peak-to-trough decline	-19.77%	-10.62%	-9.15%
Current Drawdown Current decline from peak	-11.66%	-1.88%	-9.78%
Average Drawdown Average peak-to-trough decline	-7.29%	-2.10%	-5.19%

Volatility

Volatility by Period

	DVXB	XLBI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	30.61%	13.93%	+16.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.61%	13.93%	+16.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.61%	13.93%	+16.68%

DVXB vs. XLBI - Expense Ratio Comparison

DVXB has a 0.89% expense ratio, which is higher than XLBI's 0.35% expense ratio.

Dividends

DVXB vs. XLBI - Dividend Comparison

DVXB has not paid dividends to shareholders, while XLBI's dividend yield for the trailing twelve months is around 14.84%.

Position	TTM	2025
DVXB WEBs Materials XLB Defined Volatility ETF	0.00%	0.00%
XLBI State Street Materials Select Sector SPDR Premium Income ETF	14.84%	7.71%

Frequently Asked Questions

Can I hold both DVXB and XLBI in my portfolio?

With a correlation of 0.96, DVXB and XLBI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, DVXB or XLBI?

On fees, XLBI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXB or XLBI?

XLBI is cheaper with a 0.35% expense ratio, compared with 0.89% for DVXB.

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

XLBI has the higher dividend yield at 14.84%, compared with 0.00% for DVXB.

What is the main difference between DVXB and XLBI?

DVXB is categorized as Materials, while XLBI is Derivative Income. They also come from different issuers: WEBs and State Street. Their fees differ too: 0.89% for DVXB and 0.35% for XLBI.