DVXE vs. BESF

Last updated Jun 5, 2026

DVXE (WEBs Energy XLE Defined Volatility ETF) and BESF (Bastion Energy ETF) are both Energy Equities funds. DVXE is passively managed, while BESF is actively managed. A 0.56 correlation means they provide meaningful diversification when combined. DVXE charges 0.89%/yr vs 0.80%/yr for BESF.

Performance

DVXE vs. BESF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Energy XLE Defined Volatility ETF (DVXE) and Bastion Energy ETF (BESF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVXE achieves a 44.86% return, which is significantly higher than BESF's 20.81% return.

DVXE

• 1D: -0.08%
• 1M: -2.12%
• YTD: 44.86%
• 6M: 38.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BESF

• 1D: 0.89%
• 1M: -2.39%
• YTD: 20.81%
• 6M: 20.48%
• 1Y: 70.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVXE vs. BESF - Yearly Performance Comparison

	2026 (YTD)	2025
DVXE WEBs Energy XLE Defined Volatility ETF	44.86%	4.49%
BESF Bastion Energy ETF	20.81%	29.62%

Correlation

The correlation between DVXE and BESF is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.56

Return for Risk

DVXE vs. BESF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Energy XLE Defined Volatility ETF (DVXE) and Bastion Energy ETF (BESF). 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

	DVXE	BESF	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	2.92	-0.95

Drawdowns

DVXE vs. BESF - Drawdown Comparison

The maximum DVXE drawdown since its inception was -17.96%, which is greater than BESF's maximum drawdown of -9.89%. Use the drawdown chart below to compare losses from any high point for DVXE and BESF.

Drawdown Indicators

	DVXE	BESF	Difference
Max Drawdown Largest peak-to-trough decline	-17.96%	-9.89%	-8.07%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.89%	—
Current Drawdown Current decline from peak	-12.06%	-5.04%	-7.02%
Average Drawdown Average peak-to-trough decline	-5.83%	-2.46%	-3.37%

Volatility

Volatility by Period

	DVXE	BESF	Difference
Volatility (1Y) Calculated over the trailing 1-year period	31.16%	24.29%	+6.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.16%	24.29%	+6.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.16%	24.29%	+6.87%

DVXE vs. BESF - Expense Ratio Comparison

DVXE has a 0.89% expense ratio, which is higher than BESF's 0.80% expense ratio.

Dividends

DVXE vs. BESF - Dividend Comparison

DVXE has not paid dividends to shareholders, while BESF's dividend yield for the trailing twelve months is around 5.63%.

Position	TTM	2025
BESF Bastion Energy ETF	5.63%	6.39%
DVXE WEBs Energy XLE Defined Volatility ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both DVXE and BESF in my portfolio?

DVXE and BESF have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DVXE or BESF?

On fees, BESF is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXE or BESF?

BESF is cheaper with a 0.80% expense ratio, compared with 0.89% for DVXE.

Which ETF pays a higher dividend yield, DVXE or BESF?

BESF has the higher dividend yield at 5.63%, compared with 0.00% for DVXE.

What is the main difference between DVXE and BESF?

They also come from different issuers: WEBs and Bastion. Their fees differ too: 0.89% for DVXE and 0.80% for BESF.