DVXC vs. GXPC

Last updated Jun 4, 2026

DVXC (WEBs Communication Services XLC Defined Volatility ETF) and GXPC (Global X PureCap MSCI Communication Services ETF) are both Communications Equities funds - DVXC tracks the Syntax Defined Volatility XLC Index while GXPC tracks the MSCI USA Communication Services PureCap Index. Both are passively managed. Their correlation of 0.80 suggests significant overlap in exposure. DVXC charges 0.89%/yr vs 0.15%/yr for GXPC.

Performance

DVXC vs. GXPC - Performance Comparison

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

Returns By Period

In the year-to-date period, DVXC achieves a -13.47% return, which is significantly lower than GXPC's 3.83% return.

DVXC

• 1D: -2.62%
• 1M: -7.35%
• YTD: -13.47%
• 6M: -9.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXPC

• 1D: -0.34%
• 1M: -4.59%
• YTD: 3.83%
• 6M: 3.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVXC vs. GXPC - Yearly Performance Comparison

	2026 (YTD)	2025
DVXC WEBs Communication Services XLC Defined Volatility ETF	-13.47%	14.81%
GXPC Global X PureCap MSCI Communication Services ETF	3.83%	19.31%

Correlation

The correlation between DVXC and GXPC 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

DVXC vs. GXPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Communication Services XLC Defined Volatility ETF (DVXC) and Global X PureCap MSCI Communication Services ETF (GXPC). 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

	DVXC	GXPC	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	1.43	-1.46

Drawdowns

DVXC vs. GXPC - Drawdown Comparison

The maximum DVXC drawdown since its inception was -21.52%, which is greater than GXPC's maximum drawdown of -16.59%. Use the drawdown chart below to compare losses from any high point for DVXC and GXPC.

Drawdown Indicators

	DVXC	GXPC	Difference
Max Drawdown Largest peak-to-trough decline	-21.52%	-16.59%	-4.93%
Current Drawdown Current decline from peak	-16.74%	-7.11%	-9.63%
Average Drawdown Average peak-to-trough decline	-6.90%	-3.05%	-3.85%

Volatility

Volatility by Period

	DVXC	GXPC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	26.07%	19.79%	+6.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.07%	19.79%	+6.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.07%	19.79%	+6.28%

DVXC vs. GXPC - Expense Ratio Comparison

DVXC has a 0.89% expense ratio, which is higher than GXPC's 0.15% expense ratio.

Dividends

DVXC vs. GXPC - Dividend Comparison

DVXC has not paid dividends to shareholders, while GXPC's dividend yield for the trailing twelve months is around 0.12%.

Position	TTM	2025
DVXC WEBs Communication Services XLC Defined Volatility ETF	0.00%	0.00%
GXPC Global X PureCap MSCI Communication Services ETF	0.12%	0.12%

Frequently Asked Questions

Can I hold both DVXC and GXPC in my portfolio?

DVXC and GXPC 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, DVXC or GXPC?

On fees, GXPC is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXC or GXPC?

GXPC is cheaper with a 0.15% expense ratio, compared with 0.89% for DVXC.

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

GXPC has the higher dividend yield at 0.12%, compared with 0.00% for DVXC.

What is the main difference between DVXC and GXPC?

DVXC tracks Syntax Defined Volatility XLC Index, while GXPC tracks MSCI USA Communication Services PureCap Index. They also come from different issuers: WEBs and Global X. Their fees differ too: 0.89% for DVXC and 0.15% for GXPC.