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. At a 0.39 correlation, their price movements are largely independent. 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 -15.52% return, which is significantly lower than IYZ's 25.51% return.
DVXC
- 1D
- 1.57%
- 1M
- -1.32%
- 6M
- -15.65%
- YTD
- -15.52%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYZ
- 1D
- 0.98%
- 1M
- -3.13%
- 6M
- 26.33%
- YTD
- 25.51%
- 1Y
- 47.17%
- 3Y*
- 26.27%
- 5Y*
- 6.98%
- 10Y*
- 4.59%
DVXC vs. IYZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DVXC WEBs Communication Services XLC Defined Volatility ETF | -15.52% | 16.00% |
IYZ iShares U.S. Telecommunications ETF | 25.51% | 13.83% |
Correlation
The correlation between DVXC and IYZ is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.39 |
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Return for Risk
DVXC vs. IYZ — Risk / Return Rank
DVXC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.41 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.03 | — |
| Martin ratioReturn relative to average drawdown | — | 14.37 | — |
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Drawdowns
DVXC vs. IYZ - Drawdown Comparison
The maximum DVXC drawdown since its inception was -25.90%, 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 | -25.90% | -77.11% | +51.21% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.48% | — |
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 | -18.71% | -7.75% | -10.96% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -40.01% | +31.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.21% | — |
Volatility
DVXC vs. IYZ - Volatility Comparison
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Volatility by Period
| DVXC | IYZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.76% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.18% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.85% | 19.29% | +7.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.85% | 19.03% | +7.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.85% | 19.29% | +7.56% |
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 1.66%.
| 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 | 1.66% | 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 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IYZ is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IYZ is cheaper with a 0.42% expense ratio, compared with 0.89% for DVXC.
IYZ has the higher dividend yield at 1.66%, 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.
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