DVXE vs. DVSP

Last updated Jun 5, 2026

DVXE (WEBs Energy XLE Defined Volatility ETF) and DVSP (WEBs SPY Defined Volatility ETF) are both exchange-traded funds - DVXE is a Energy Equities fund tracking the Syntax Defined Volatility XLE Index, while DVSP is a Large Cap Blend Equities fund tracking the Syntax Defined Volatility US Large Cap 500 Index. Both are passively managed. At a correlation of -0.06, they often move in opposite directions. Both charge a 0.89% expense ratio.

Performance

DVXE vs. DVSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Energy XLE Defined Volatility ETF (DVXE) and WEBs SPY Defined Volatility ETF (DVSP). 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 DVSP's 10.71% return.

DVXE

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

DVSP

• 1D: 0.76%
• 1M: 8.28%
• YTD: 10.71%
• 6M: 10.14%
• 1Y: 36.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVXE vs. DVSP - Yearly Performance Comparison

	2026 (YTD)	2025
DVXE WEBs Energy XLE Defined Volatility ETF	44.86%	4.49%
DVSP WEBs SPY Defined Volatility ETF	10.71%	10.92%

Correlation

The correlation between DVXE and DVSP is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	-0.06

Return for Risk

DVXE vs. DVSP — Risk / Return Rank

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

DVSP

DVSP Risk / Return Rank: 52
DVSP Sharpe Ratio Rank: 55
DVSP Sortino Ratio Rank: 51
DVSP Omega Ratio Rank: 51
DVSP Calmar Ratio Rank: 49
DVSP Martin Ratio Rank: 54

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. DVSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Energy XLE Defined Volatility ETF (DVXE) and WEBs SPY Defined Volatility ETF (DVSP). 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	DVSP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	0.64	+1.34

Drawdowns

DVXE vs. DVSP - Drawdown Comparison

The maximum DVXE drawdown since its inception was -17.96%, smaller than the maximum DVSP drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for DVXE and DVSP.

Drawdown Indicators

	DVXE	DVSP	Difference
Max Drawdown Largest peak-to-trough decline	-17.96%	-22.67%	+4.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.56%	—
Current Drawdown Current decline from peak	-12.06%	-0.59%	-11.47%
Average Drawdown Average peak-to-trough decline	-5.83%	-5.53%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.96%	—

Volatility

Volatility by Period

	DVXE	DVSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	31.16%	19.93%	+11.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.16%	21.83%	+9.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.16%	21.83%	+9.33%

DVXE vs. DVSP - Expense Ratio Comparison

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

Dividends

DVXE vs. DVSP - Dividend Comparison

DVXE has not paid dividends to shareholders, while DVSP's dividend yield for the trailing twelve months is around 0.25%.

Position	TTM	2025
DVSP WEBs SPY Defined Volatility ETF	0.25%	0.28%
DVXE WEBs Energy XLE Defined Volatility ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both DVXE and DVSP in my portfolio?

DVXE and DVSP have a correlation of -0.06, 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 DVSP?

Both ETFs have the same 0.89% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXE or DVSP?

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

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

DVSP has the higher dividend yield at 0.25%, compared with 0.00% for DVXE.

What is the main difference between DVXE and DVSP?

DVXE is categorized as Energy Equities, while DVSP is Large Cap Blend Equities. DVXE tracks Syntax Defined Volatility XLE Index, while DVSP tracks Syntax Defined Volatility US Large Cap 500 Index.