DVXE vs. COAL

Last updated Jul 11, 2026

DVXE (WEBs Energy XLE Defined Volatility ETF) and COAL (Range Global Coal Index ETF) are both Energy Equities funds - DVXE tracks the Syntax Defined Volatility XLE Index while COAL tracks the VettaFi Global Coal Index. Both are passively managed. At a 0.28 correlation, their price movements are largely independent. DVXE charges 0.89%/yr vs 0.85%/yr for COAL.

Performance

DVXE vs. COAL - Performance Comparison

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

Returns By Period

In the year-to-date period, DVXE achieves a 36.52% return, which is significantly higher than COAL's -0.79% return.

DVXE

• 1D: 0.87%
• 1M: -3.51%
• 6M: 28.35%
• YTD: 36.52%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

COAL

• 1D: 0.04%
• 1M: -14.22%
• 6M: -9.37%
• YTD: -0.79%
• 1Y: 20.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVXE vs. COAL - Yearly Performance Comparison

	2026 (YTD)	2025
DVXE WEBs Energy XLE Defined Volatility ETF	36.52%	4.49%
COAL Range Global Coal Index ETF	-0.79%	11.72%

Correlation

The correlation between DVXE and COAL is 0.28, 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	0.28

Return for Risk

DVXE vs. COAL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DVXE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

COAL

COAL Risk / Return Rank: 27
COAL Sharpe Ratio Rank: 26
COAL Sortino Ratio Rank: 28
COAL Omega Ratio Rank: 25
COAL Calmar Ratio Rank: 27
COAL Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DVXE vs. COAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Energy XLE Defined Volatility ETF (DVXE) and Range Global Coal Index ETF (COAL). 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.

	DVXE	COAL	Difference
Sharpe ratio: Return per unit of total volatility	—	0.77	—
Sortino ratio: Return per unit of downside risk	—	1.29	—
Omega ratio: Gain probability vs. loss probability	—	1.15	—
Calmar ratio: Return relative to maximum drawdown	—	1.06	—
Martin ratio: Return relative to average drawdown	—	2.81	—

Drawdowns

DVXE vs. COAL - Drawdown Comparison

The maximum DVXE drawdown since its inception was -21.83%, smaller than the maximum COAL drawdown of -42.29%. Use the drawdown chart below to compare losses from any high point for DVXE and COAL.

Drawdown Indicators

	DVXE	COAL	Difference
Max Drawdown Largest peak-to-trough decline	-21.83%	-42.29%	+20.46%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.69%	—
Current Drawdown Current decline from peak	-17.12%	-20.32%	+3.20%
Average Drawdown Average peak-to-trough decline	-7.00%	-14.28%	+7.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.14%	—

Volatility

Volatility by Period

	DVXE	COAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.77%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	30.91%	29.92%	+0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.91%	27.67%	+3.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.91%	27.67%	+3.24%

DVXE vs. COAL - Expense Ratio Comparison

DVXE has a 0.89% expense ratio, which is higher than COAL's 0.85% expense ratio.

Dividends

DVXE vs. COAL - Dividend Comparison

DVXE has not paid dividends to shareholders, while COAL's dividend yield for the trailing twelve months is around 2.65%.

Position	TTM	2025	2024
COAL Range Global Coal Index ETF	2.65%	2.63%	1.80%
DVXE WEBs Energy XLE Defined Volatility ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DVXE and COAL in my portfolio?

DVXE and COAL have a correlation of 0.28, 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 COAL?

On fees, COAL is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXE or COAL?

COAL is cheaper with a 0.85% expense ratio, compared with 0.89% for DVXE.

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

COAL has the higher dividend yield at 2.65%, compared with 0.00% for DVXE.

What is the main difference between DVXE and COAL?

DVXE tracks Syntax Defined Volatility XLE Index, while COAL tracks VettaFi Global Coal Index. They also come from different issuers: WEBs and Exchange Traded Concepts. Their fees differ too: 0.89% for DVXE and 0.85% for COAL.