DVXC vs. IYZ
DVXC (WEBs Communication Services XLC Defined Volatility ETF) and IYZ (iShares U.S. Telecommunications ETF) are both Communications Equities funds - DVXC tracks the Syntax Defined Volatility XLC Index while IYZ tracks the Dow Jones U.S. Select Telecommunications Index. Both are passively managed. Over the past year, DVXC returned -5.14% vs 42.46% for IYZ. Their 0.37 correlation means their historical movements had little consistent relationship. DVXC charges 0.89%/yr vs 0.42%/yr for IYZ.
Performance
DVXC vs. IYZ - Performance Comparison
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Returns By Period
In the year-to-date period, DVXC achieves a -20.96% return, which is significantly lower than IYZ's 22.25% return.
DVXC
- 1D
- 1.99%
- 1M
- -3.90%
- 6M
- -23.46%
- YTD
- -20.96%
- 1Y
- -5.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -8.15%
IYZ
- 1D
- 1.86%
- 1M
- 0.83%
- 6M
- 15.60%
- YTD
- 22.25%
- 1Y
- 42.46%
- 3Y*
- 24.81%
- 5Y*
- 6.31%
- 10Y*
- 4.56%
- ALL TIME*
- 1.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $148.16 | $1.77K | $1.90K | |
| $30.70M | $39.07M | $56.29M |
DVXC vs. IYZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DVXC WEBs Communication Services XLC Defined Volatility ETF | -20.96% | 16.00% |
IYZ iShares U.S. Telecommunications ETF | 22.25% | 13.83% |
Correlation
The correlation between DVXC and IYZ is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.37 |
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Return for Risk
DVXC vs. IYZ — Risk / Return Rank
DVXC
IYZ
DVXC vs. IYZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WEBs Communication Services XLC Defined Volatility ETF (DVXC) and iShares U.S. Telecommunications ETF (IYZ). 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 | IYZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -2.98 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.36 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 3.07 | -3.35 |
| Martin ratioReturn relative to average drawdown | -0.65 | 9.63 | -10.28 |
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Drawdowns
DVXC vs. IYZ - Drawdown Comparison
The maximum DVXC drawdown since its inception was -26.47%, smaller than the maximum IYZ drawdown of -77.11%. Use the drawdown chart below to compare losses from any high point for DVXC and IYZ.
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Drawdown Indicators
| DVXC | IYZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.47% | -77.11% | +50.64% |
Max Drawdown (1Y)Largest decline over 1 year | -26.47% | -13.28% | -13.19% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.85% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.74% | — |
Current DrawdownCurrent decline from peak | -23.95% | -10.15% | -13.80% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -39.95% | +30.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.32% | 4.22% | +7.10% |
Volatility
DVXC vs. IYZ - Volatility Comparison
WEBs Communication Services XLC Defined Volatility ETF (DVXC) has a higher volatility of 10.08% compared to iShares U.S. Telecommunications ETF (IYZ) at 6.83%. This indicates that DVXC's price experiences larger fluctuations and is considered to be riskier than IYZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DVXC | IYZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.08% | 6.83% | +3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 21.25% | 16.83% | +4.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.73% | 19.83% | +7.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.59% | 19.15% | +8.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.59% | 19.32% | +8.27% |
DVXC vs. IYZ - Expense Ratio Comparison
DVXC has a 0.89% expense ratio, which is higher than IYZ's 0.42% expense ratio.
Dividends
DVXC vs. IYZ - Dividend Comparison
DVXC has not paid dividends to shareholders, while IYZ's dividend yield for the trailing twelve months is around 1.71%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVXC WEBs Communication Services XLC 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% |
IYZ iShares U.S. Telecommunications ETF | 1.71% | 2.04% | 1.94% | 2.27% | 2.55% | 2.51% | 2.60% | 2.36% | 2.15% | 3.54% | 2.27% | 1.98% |
Frequently Asked Questions
DVXC and IYZ have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVXC has higher volatility (10.08%) compared to IYZ (6.83%). In terms of maximum drawdown, DVXC dropped -26.47% vs IYZ's -77.11%.
On 1-year performance, IYZ leads with 42.46% vs -5.14% for DVXC. On fees, IYZ is cheaper at 0.42% per year. On volatility, IYZ has been the lower-risk option at 6.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IYZ has performed better with a 42.46% return vs -5.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYZ is cheaper with a 0.42% expense ratio, compared with 0.89% for DVXC.
IYZ has the higher dividend yield at 1.71%, compared with 0.00% for DVXC.
DVXC tracks Syntax Defined Volatility XLC Index, while IYZ tracks Dow Jones U.S. Select Telecommunications Index. They also come from different issuers: WEBs and iShares. Their fees differ too: 0.89% for DVXC and 0.42% for IYZ.
IYZ currently has the higher Sharpe Ratio (2.05 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.
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