DVXE vs. DVXY

Last updated Jun 4, 2026

DVXE (WEBs Energy XLE Defined Volatility ETF) and DVXY (WEBs Consumer Discretionary XLY Defined Volatility ETF) are both exchange-traded funds - DVXE is a Energy Equities fund tracking the Syntax Defined Volatility XLE Index, while DVXY is a Consumer Discretionary Equities fund tracking the Syntax Defined Volatility XLY Index. Both are passively managed. At a correlation of -0.11, they often move in opposite directions. Both charge a 0.89% expense ratio.

Performance

DVXE vs. DVXY - Performance Comparison

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

Returns By Period

In the year-to-date period, DVXE achieves a 44.98% return, which is significantly higher than DVXY's -9.95% return.

DVXE

• 1D: 1.52%
• 1M: -1.50%
• YTD: 44.98%
• 6M: 39.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DVXY

• 1D: -1.02%
• 1M: -2.07%
• YTD: -9.95%
• 6M: -11.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVXE vs. DVXY - Yearly Performance Comparison

	2026 (YTD)	2025
DVXE WEBs Energy XLE Defined Volatility ETF	44.98%	4.49%
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF	-9.95%	1.26%

Correlation

The correlation between DVXE and DVXY is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	-0.11

Return for Risk

DVXE vs. DVXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Energy XLE Defined Volatility ETF (DVXE) and WEBs Consumer Discretionary XLY Defined Volatility ETF (DVXY). 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	DVXY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.99	-0.38	+2.37

Drawdowns

DVXE vs. DVXY - Drawdown Comparison

The maximum DVXE drawdown since its inception was -17.96%, smaller than the maximum DVXY drawdown of -23.09%. Use the drawdown chart below to compare losses from any high point for DVXE and DVXY.

Drawdown Indicators

	DVXE	DVXY	Difference
Max Drawdown Largest peak-to-trough decline	-17.96%	-23.09%	+5.13%
Current Drawdown Current decline from peak	-11.99%	-16.23%	+4.24%
Average Drawdown Average peak-to-trough decline	-5.80%	-7.81%	+2.01%

Volatility

Volatility by Period

	DVXE	DVXY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	31.23%	26.97%	+4.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.23%	26.97%	+4.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.23%	26.97%	+4.26%

DVXE vs. DVXY - Expense Ratio Comparison

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

Dividends

DVXE vs. DVXY - Dividend Comparison

Neither DVXE nor DVXY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DVXE and DVXY in my portfolio?

DVXE and DVXY have a correlation of -0.11, 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 DVXY?

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 DVXY?

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

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

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

What is the main difference between DVXE and DVXY?

DVXE is categorized as Energy Equities, while DVXY is Consumer Discretionary Equities. DVXE tracks Syntax Defined Volatility XLE Index, while DVXY tracks Syntax Defined Volatility XLY Index.