DVXC vs. DVXP

Last updated Aug 1, 2026

DVXC (WEBs Communication Services XLC Defined Volatility ETF) and DVXP (WEBs Consumer Staples XLP Defined Volatility ETF) are both exchange-traded funds - DVXC is a Communications Equities fund tracking the Syntax Defined Volatility XLC Index, while DVXP is a Consumer Staples Equities fund tracking the Syntax Defined Volatility XLP Index. Both are passively managed. Over the past year, DVXC returned -5.14% vs 7.24% for DVXP. Their 0.10 correlation means their historical movements had little consistent relationship. Both charge a 0.89% expense ratio.

Performance

DVXC vs. DVXP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Communication Services XLC Defined Volatility ETF (DVXC) and WEBs Consumer Staples XLP Defined Volatility ETF (DVXP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVXC achieves a -20.96% return, which is significantly lower than DVXP's 15.21% return.

DVXC

• 1D: 1.99%
• 1M: -3.90%
• 6M: -23.46%
• YTD: -20.96%
• 1Y: -5.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -8.15%

DVXP

• 1D: -0.45%
• 1M: 0.32%
• 6M: 2.88%
• YTD: 15.21%
• 1Y: 7.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.34%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DVXC WEBs Communication Services XLC Defined Volatility ETF	$148.16	$1.77K	$1.90K
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	$45.59K	$42.24K	$40.71K

DVXC vs. DVXP - Yearly Performance Comparison

	2026 (YTD)	2025
DVXC WEBs Communication Services XLC Defined Volatility ETF	-20.96%	16.00%
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	15.21%	-10.24%

Correlation

The correlation between DVXC and DVXP is 0.11, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.11
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.10

Return for Risk

DVXC vs. DVXP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DVXC

DVXC Risk / Return Rank: 7
DVXC Sharpe Ratio Rank: 7
DVXC Sortino Ratio Rank: 8
DVXC Omega Ratio Rank: 8
DVXC Calmar Ratio Rank: 7
DVXC Martin Ratio Rank: 7

DVXP

DVXP Risk / Return Rank: 20
DVXP Sharpe Ratio Rank: 21
DVXP Sortino Ratio Rank: 21
DVXP Omega Ratio Rank: 20
DVXP Calmar Ratio Rank: 20
DVXP Martin Ratio Rank: 17

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DVXC vs. DVXP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Communication Services XLC Defined Volatility ETF (DVXC) and WEBs Consumer Staples XLP Defined Volatility ETF (DVXP). 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.

	DVXC	DVXP	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	0.40	-0.67
Sortino ratio: Return per unit of downside risk	-0.19	0.72	-0.91
Omega ratio: Gain probability vs. loss probability	0.98	1.08	-0.10
Calmar ratio: Return relative to maximum drawdown	-0.28	0.52	-0.80
Martin ratio: Return relative to average drawdown	-0.65	0.90	-1.55

DVXC vs. DVXP - Sharpe Ratio Comparison

The current DVXC Sharpe Ratio is -0.27, which is lower than the DVXP Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of DVXC and DVXP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DVXC vs. DVXP - Drawdown Comparison

The maximum DVXC drawdown since its inception was -26.47%, which is greater than DVXP's maximum drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for DVXC and DVXP.

Drawdown Indicators

	DVXC	DVXP	Difference
Max Drawdown Largest peak-to-trough decline	-26.47%	-16.36%	-10.11%
Max Drawdown (1Y) Largest decline over 1 year	-26.47%	-16.36%	-10.11%
Current Drawdown Current decline from peak	-23.95%	-7.34%	-16.61%
Average Drawdown Average peak-to-trough decline	-9.04%	-8.28%	-0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.32%	9.37%	+1.95%

Volatility

DVXC vs. DVXP - Volatility Comparison

WEBs Communication Services XLC Defined Volatility ETF (DVXC) has a higher volatility of 10.08% compared to WEBs Consumer Staples XLP Defined Volatility ETF (DVXP) at 6.69%. This indicates that DVXC's price experiences larger fluctuations and is considered to be riskier than DVXP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVXC	DVXP	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.08%	6.69%	+3.39%
Volatility (6M) Calculated over the trailing 6-month period	21.25%	15.43%	+5.82%
Volatility (1Y) Calculated over the trailing 1-year period	27.73%	21.19%	+6.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.59%	21.20%	+6.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.59%	21.20%	+6.39%

DVXC vs. DVXP - Expense Ratio Comparison

Both DVXC and DVXP have an expense ratio of 0.89%.

Dividends

DVXC vs. DVXP - Dividend Comparison

DVXC has not paid dividends to shareholders, while DVXP's dividend yield for the trailing twelve months is around 0.16%.

Position	TTM	2025
DVXC WEBs Communication Services XLC Defined Volatility ETF	0.00%	0.00%
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	0.16%	0.19%

Frequently Asked Questions

Can I hold both DVXC and DVXP in my portfolio?

DVXC and DVXP have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVXC or DVXP?

DVXC has higher volatility (10.08%) compared to DVXP (6.69%). In terms of maximum drawdown, DVXC dropped -26.47% vs DVXP's -16.36%.

Which ETF is better, DVXC or DVXP?

On 1-year performance, DVXP leads with 7.24% vs -5.14% for DVXC. Both ETFs have the same 0.89% expense ratio. On volatility, DVXP has been the lower-risk option at 6.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVXC or DVXP?

Over the 1-year period, DVXP has performed better with a 7.24% return vs -5.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVXC or DVXP?

DVXC and DVXP have the same expense ratio: 0.89% per year.

Which ETF pays a higher dividend yield, DVXC or DVXP?

DVXP has the higher dividend yield at 0.16%, compared with 0.00% for DVXC.

What is the main difference between DVXC and DVXP?

DVXC is categorized as Communications Equities, while DVXP is Consumer Staples Equities. DVXC tracks Syntax Defined Volatility XLC Index, while DVXP tracks Syntax Defined Volatility XLP Index.

Which has better risk-adjusted returns?

DVXP currently has the higher Sharpe Ratio (0.40 vs -0.27), 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.