DVXC vs. VOX
DVXC (WEBs Communication Services XLC Defined Volatility ETF) and VOX (Vanguard Communication Services ETF) are both Communications Equities funds - DVXC tracks the Syntax Defined Volatility XLC Index while VOX tracks the MSCI US Investable Market Communication Services 25/50 Index. Both are passively managed. Over the past year, DVXC returned -5.14% vs 7.12% for VOX. Their correlation of 0.94 means they have usually moved in the same direction. DVXC charges 0.89%/yr vs 0.09%/yr for VOX.
Performance
DVXC vs. VOX - 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 VOX's -5.67% return.
DVXC
- 1D
- 1.99%
- 1M
- -3.90%
- 6M
- -23.46%
- YTD
- -20.96%
- 1Y
- -5.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -8.15%
VOX
- 1D
- 1.12%
- 1M
- -3.23%
- 6M
- -8.42%
- YTD
- -5.67%
- 1Y
- 7.12%
- 3Y*
- 18.73%
- 5Y*
- 5.77%
- 10Y*
- 7.92%
- ALL TIME*
- 8.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $148.16 | $1.77K | $1.90K | |
| $67.26M | $68.61M | $55.07M |
DVXC vs. VOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DVXC WEBs Communication Services XLC Defined Volatility ETF | -20.96% | 16.00% |
VOX Vanguard Communication Services ETF | -5.67% | 12.79% |
Correlation
The correlation between DVXC and VOX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.94 |
The correlation between DVXC and VOX has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
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Return for Risk
DVXC vs. VOX — Risk / Return Rank
DVXC
VOX
DVXC vs. VOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WEBs Communication Services XLC Defined Volatility ETF (DVXC) and Vanguard Communication Services ETF (VOX). 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 | VOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.06 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 0.37 | -0.65 |
| Martin ratioReturn relative to average drawdown | -0.65 | 1.13 | -1.78 |
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Drawdowns
DVXC vs. VOX - Drawdown Comparison
The maximum DVXC drawdown since its inception was -26.47%, smaller than the maximum VOX drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for DVXC and VOX.
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Drawdown Indicators
| DVXC | VOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.47% | -57.18% | +30.71% |
Max Drawdown (1Y)Largest decline over 1 year | -26.47% | -13.56% | -12.91% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.15% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.76% | — |
Current DrawdownCurrent decline from peak | -23.95% | -8.83% | -15.12% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -11.87% | +2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.32% | 4.45% | +6.87% |
Volatility
DVXC vs. VOX - Volatility Comparison
WEBs Communication Services XLC Defined Volatility ETF (DVXC) has a higher volatility of 10.08% compared to Vanguard Communication Services ETF (VOX) at 6.69%. This indicates that DVXC's price experiences larger fluctuations and is considered to be riskier than VOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DVXC | VOX | 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% | 13.38% | +7.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.73% | 17.14% | +10.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.59% | 21.39% | +6.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.59% | 21.00% | +6.59% |
DVXC vs. VOX - Expense Ratio Comparison
DVXC has a 0.89% expense ratio, which is higher than VOX's 0.09% expense ratio.
Dividends
DVXC vs. VOX - Dividend Comparison
DVXC has not paid dividends to shareholders, while VOX's dividend yield for the trailing twelve months is around 1.08%.
| 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% |
VOX Vanguard Communication Services ETF | 1.08% | 0.95% | 1.05% | 1.03% | 0.88% | 0.93% | 0.73% | 0.90% | 2.77% | 3.83% | 2.67% | 3.55% |
Frequently Asked Questions
With a correlation of 0.94, DVXC and VOX 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.
DVXC has higher volatility (10.08%) compared to VOX (6.69%). In terms of maximum drawdown, DVXC dropped -26.47% vs VOX's -57.18%.
On 1-year performance, VOX leads with 7.12% vs -5.14% for DVXC. On fees, VOX is cheaper at 0.09% per year. On volatility, VOX has been the lower-risk option at 6.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, VOX has performed better with a 7.12% return vs -5.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOX is cheaper with a 0.09% expense ratio, compared with 0.89% for DVXC.
VOX has the higher dividend yield at 1.08%, compared with 0.00% for DVXC.
DVXC tracks Syntax Defined Volatility XLC Index, while VOX tracks MSCI US Investable Market Communication Services 25/50 Index. They also come from different issuers: WEBs and Vanguard. Their fees differ too: 0.89% for DVXC and 0.09% for VOX.
VOX currently has the higher Sharpe Ratio (0.30 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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