DVXE vs. GXPE

Last updated Jul 14, 2026

DVXE (WEBs Energy XLE Defined Volatility ETF) and GXPE (Global X PureCap MSCI Energy ETF) are both Energy Equities funds - DVXE tracks the Syntax Defined Volatility XLE Index while GXPE tracks the MSCI USA Energy PureCap Index. Both are passively managed. With a 0.99 correlation, they move nearly in lockstep. DVXE charges 0.89%/yr vs 0.15%/yr for GXPE.

Performance

DVXE vs. GXPE - Performance Comparison

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

Returns By Period

In the year-to-date period, DVXE achieves a 41.45% return, which is significantly higher than GXPE's 27.77% return.

DVXE

• 1D: 3.61%
• 1M: -0.03%
• 6M: 34.11%
• YTD: 41.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXPE

• 1D: 3.14%
• 1M: -0.23%
• 6M: 23.43%
• YTD: 27.77%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVXE vs. GXPE - Yearly Performance Comparison

	2026 (YTD)	2025
DVXE WEBs Energy XLE Defined Volatility ETF	41.45%	4.49%
GXPE Global X PureCap MSCI Energy ETF	27.77%	4.62%

Correlation

The correlation between DVXE and GXPE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.99

Return for Risk

DVXE vs. GXPE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Energy XLE Defined Volatility ETF (DVXE) and Global X PureCap MSCI Energy ETF (GXPE). 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.

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

Drawdowns

DVXE vs. GXPE - Drawdown Comparison

The maximum DVXE drawdown since its inception was -21.83%, which is greater than GXPE's maximum drawdown of -15.73%. Use the drawdown chart below to compare losses from any high point for DVXE and GXPE.

Drawdown Indicators

	DVXE	GXPE	Difference
Max Drawdown Largest peak-to-trough decline	-21.83%	-15.73%	-6.10%
Current Drawdown Current decline from peak	-14.13%	-9.30%	-4.83%
Average Drawdown Average peak-to-trough decline	-7.03%	-4.15%	-2.88%

Volatility

Volatility by Period

	DVXE	GXPE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	31.04%	20.85%	+10.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.04%	20.85%	+10.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.04%	20.85%	+10.19%

DVXE vs. GXPE - Expense Ratio Comparison

DVXE has a 0.89% expense ratio, which is higher than GXPE's 0.15% expense ratio.

Dividends

DVXE vs. GXPE - Dividend Comparison

DVXE has not paid dividends to shareholders, while GXPE's dividend yield for the trailing twelve months is around 2.18%.

Position	TTM	2025
DVXE WEBs Energy XLE Defined Volatility ETF	0.00%	0.00%
GXPE Global X PureCap MSCI Energy ETF	2.18%	1.20%

Frequently Asked Questions

Can I hold both DVXE and GXPE in my portfolio?

With a correlation of 0.99, DVXE and GXPE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, DVXE or GXPE?

On fees, GXPE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXE or GXPE?

GXPE is cheaper with a 0.15% expense ratio, compared with 0.89% for DVXE.

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

GXPE has the higher dividend yield at 2.18%, compared with 0.00% for DVXE.

What is the main difference between DVXE and GXPE?

DVXE tracks Syntax Defined Volatility XLE Index, while GXPE tracks MSCI USA Energy PureCap Index. They also come from different issuers: WEBs and Global X. Their fees differ too: 0.89% for DVXE and 0.15% for GXPE.