DVXE vs. DVXV
DVXE (WEBs Energy XLE Defined Volatility ETF) and DVXV (WEBs Health Care XLV Defined Volatility ETF) are both exchange-traded funds - DVXE is a Energy Equities fund tracking the Syntax Defined Volatility XLE Index, while DVXV is a Health & Biotech Equities fund tracking the Syntax Defined Volatility XLV Index. Both are passively managed. Over the past year, DVXE returned 61.29% vs 33.47% for DVXV. Their -0.03 correlation means they have often moved in opposite directions in the past. Both charge a 0.89% expense ratio.
Performance
DVXE vs. DVXV - Performance Comparison
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Returns By Period
In the year-to-date period, DVXE achieves a 50.61% return, which is significantly higher than DVXV's 4.89% return.
DVXE
- 1D
- 1.38%
- 1M
- 15.67%
- 6M
- 26.93%
- YTD
- 50.61%
- 1Y
- 61.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 55.89%
DVXV
- 1D
- -0.50%
- 1M
- -1.06%
- 6M
- 5.03%
- YTD
- 4.89%
- 1Y
- 33.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.59K | $12.40K | $16.43K | |
| $1.42K | $1.10K | $2.54K |
DVXE vs. DVXV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DVXE WEBs Energy XLE Defined Volatility ETF | 50.61% | 4.49% |
DVXV WEBs Health Care XLV Defined Volatility ETF | 4.89% | 21.27% |
Correlation
The correlation between DVXE and DVXV is -0.03, 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. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | -0.03 |
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Return for Risk
DVXE vs. DVXV — Risk / Return Rank
DVXE
DVXV
DVXE vs. DVXV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WEBs Energy XLE Defined Volatility ETF (DVXE) and WEBs Health Care XLV Defined Volatility ETF (DVXV). 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 | DVXV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.41 | +0.19 |
| Martin ratioReturn relative to average drawdown | 6.05 | 5.60 | +0.46 |
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Drawdowns
DVXE vs. DVXV - Drawdown Comparison
The maximum DVXE drawdown since its inception was -21.83%, which is greater than DVXV's maximum drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for DVXE and DVXV.
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Drawdown Indicators
| DVXE | DVXV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.83% | -14.36% | -7.47% |
Max Drawdown (1Y)Largest decline over 1 year | -21.83% | -14.36% | -7.47% |
Current DrawdownCurrent decline from peak | -8.57% | -2.61% | -5.96% |
Average DrawdownAverage peak-to-trough decline | -7.25% | -4.58% | -2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.37% | 6.16% | +3.21% |
Volatility
DVXE vs. DVXV - Volatility Comparison
WEBs Energy XLE Defined Volatility ETF (DVXE) has a higher volatility of 8.29% compared to WEBs Health Care XLV Defined Volatility ETF (DVXV) at 5.81%. This indicates that DVXE's price experiences larger fluctuations and is considered to be riskier than DVXV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DVXE | DVXV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 5.81% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 22.36% | 15.13% | +7.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.92% | 21.61% | +9.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.78% | 21.42% | +9.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.78% | 21.42% | +9.36% |
DVXE vs. DVXV - Expense Ratio Comparison
Both DVXE and DVXV have an expense ratio of 0.89%.
Dividends
DVXE vs. DVXV - Dividend Comparison
Neither DVXE nor DVXV has paid dividends to shareholders.
Frequently Asked Questions
DVXE and DVXV have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVXE has higher volatility (8.29%) compared to DVXV (5.81%). In terms of maximum drawdown, DVXE dropped -21.83% vs DVXV's -14.36%.
On 1-year performance, DVXE leads with 61.29% vs 33.47% for DVXV. Both ETFs have the same 0.89% expense ratio. On volatility, DVXV has been the lower-risk option at 5.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DVXE has performed better with a 61.29% return vs 33.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DVXE and DVXV have the same expense ratio: 0.89% per year.
DVXE and DVXV have nearly identical dividend yields, around 0.00%.
DVXE is categorized as Energy Equities, while DVXV is Health & Biotech Equities. DVXE tracks Syntax Defined Volatility XLE Index, while DVXV tracks Syntax Defined Volatility XLV Index.
DVXE currently has the higher Sharpe Ratio (1.83 vs 1.62), 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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