DVXE vs. DVIN

Last updated Aug 1, 2026

DVXE (WEBs Energy XLE Defined Volatility ETF) and DVIN (WEBs Industrials XLI Defined Volatility ETF) are both exchange-traded funds - DVXE is a Energy Equities fund tracking the Syntax Defined Volatility XLE Index, while DVIN is a Industrials Equities fund tracking the Syntax Defined Volatility XLI Index. Both are passively managed. Over the past year, DVXE returned 61.29% vs 21.42% for DVIN. Their 0.01 correlation means their historical movements had little consistent relationship. Both charge a 0.89% expense ratio.

Performance

DVXE vs. DVIN - Performance Comparison

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

Returns By Period

In the year-to-date period, DVXE achieves a 50.61% return, which is significantly higher than DVIN's 16.44% return.

DVXE

• 1D: 1.38%
• 1M: 15.67%
• 6M: 26.93%
• YTD: 50.61%
• 1Y: 61.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 55.89%

DVIN

• 1D: 1.19%
• 1M: -4.12%
• 6M: 4.92%
• YTD: 16.44%
• 1Y: 21.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.87%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DVIN WEBs Industrials XLI Defined Volatility ETF	$413.20	$401.24	$922.19
DVXE WEBs Energy XLE Defined Volatility ETF	$14.59K	$12.40K	$16.43K

DVXE vs. DVIN - Yearly Performance Comparison

	2026 (YTD)	2025
DVXE WEBs Energy XLE Defined Volatility ETF	50.61%	4.49%
DVIN WEBs Industrials XLI Defined Volatility ETF	16.44%	-1.06%

Correlation

The correlation between DVXE and DVIN is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.02
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.01

Return for Risk

DVXE vs. DVIN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DVXE

DVXE Risk / Return Rank: 68
DVXE Sharpe Ratio Rank: 79
DVXE Sortino Ratio Rank: 70
DVXE Omega Ratio Rank: 68
DVXE Calmar Ratio Rank: 73
DVXE Martin Ratio Rank: 51

DVIN

DVIN Risk / Return Rank: 29
DVIN Sharpe Ratio Rank: 29
DVIN Sortino Ratio Rank: 29
DVIN Omega Ratio Rank: 28
DVIN Calmar Ratio Rank: 30
DVIN Martin Ratio Rank: 32

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DVXE vs. DVIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Energy XLE Defined Volatility ETF (DVXE) and WEBs Industrials XLI Defined Volatility ETF (DVIN). 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	DVIN	Difference
Sharpe ratio: Return per unit of total volatility	1.83	0.68	+1.15
Sortino ratio: Return per unit of downside risk	2.31	1.07	+1.24
Omega ratio: Gain probability vs. loss probability	1.29	1.13	+0.16
Calmar ratio: Return relative to maximum drawdown	2.59	0.98	+1.62
Martin ratio: Return relative to average drawdown	6.05	2.98	+3.07

DVXE vs. DVIN - Sharpe Ratio Comparison

The current DVXE Sharpe Ratio is 1.83, which is higher than the DVIN Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of DVXE and DVIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DVXE vs. DVIN - Drawdown Comparison

The maximum DVXE drawdown since its inception was -21.83%, which is greater than DVIN's maximum drawdown of -18.47%. Use the drawdown chart below to compare losses from any high point for DVXE and DVIN.

Drawdown Indicators

	DVXE	DVIN	Difference
Max Drawdown Largest peak-to-trough decline	-21.83%	-18.47%	-3.36%
Max Drawdown (1Y) Largest decline over 1 year	-21.83%	-18.47%	-3.36%
Current Drawdown Current decline from peak	-8.57%	-6.68%	-1.89%
Average Drawdown Average peak-to-trough decline	-7.25%	-4.99%	-2.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.37%	6.05%	+3.32%

Volatility

DVXE vs. DVIN - Volatility Comparison

WEBs Energy XLE Defined Volatility ETF (DVXE) has a higher volatility of 8.29% compared to WEBs Industrials XLI Defined Volatility ETF (DVIN) at 7.77%. This indicates that DVXE's price experiences larger fluctuations and is considered to be riskier than DVIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVXE	DVIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.29%	7.77%	+0.52%
Volatility (6M) Calculated over the trailing 6-month period	22.36%	19.59%	+2.77%
Volatility (1Y) Calculated over the trailing 1-year period	30.92%	26.49%	+4.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.78%	26.36%	+4.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.78%	26.36%	+4.42%

DVXE vs. DVIN - Expense Ratio Comparison

Both DVXE and DVIN have an expense ratio of 0.89%.

Dividends

DVXE vs. DVIN - Dividend Comparison

Neither DVXE nor DVIN has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DVXE and DVIN in my portfolio?

DVXE and DVIN have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVXE or DVIN?

DVXE has higher volatility (8.29%) compared to DVIN (7.77%). In terms of maximum drawdown, DVXE dropped -21.83% vs DVIN's -18.47%.

Which ETF is better, DVXE or DVIN?

On 1-year performance, DVXE leads with 61.29% vs 21.42% for DVIN. Both ETFs have the same 0.89% expense ratio. On volatility, DVIN has been the lower-risk option at 7.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVXE or DVIN?

Over the 1-year period, DVXE has performed better with a 61.29% return vs 21.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVXE or DVIN?

DVXE and DVIN have the same expense ratio: 0.89% per year.

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

DVXE and DVIN have nearly identical dividend yields, around 0.00%.

What is the main difference between DVXE and DVIN?

DVXE is categorized as Energy Equities, while DVIN is Industrials Equities. DVXE tracks Syntax Defined Volatility XLE Index, while DVIN tracks Syntax Defined Volatility XLI Index.

Which has better risk-adjusted returns?

DVXE currently has the higher Sharpe Ratio (1.83 vs 0.68), 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.