DVXE vs. IGE
DVXE (WEBs Energy XLE Defined Volatility ETF) and IGE (iShares North American Natural Resources ETF) are both Energy Equities funds - DVXE tracks the Syntax Defined Volatility XLE Index while IGE tracks the S&P North American Natural Resources Sector Index. Both are passively managed. Over the past year, DVXE returned 61.29% vs 37.76% for IGE. Their 0.77 correlation means they have sometimes moved together and sometimes differently. DVXE charges 0.89%/yr vs 0.39%/yr for IGE.
Performance
DVXE vs. IGE - 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 IGE's 20.64% return.
DVXE
- 1D
- 1.38%
- 1M
- 15.67%
- 6M
- 26.93%
- YTD
- 50.61%
- 1Y
- 61.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 55.89%
IGE
- 1D
- -0.02%
- 1M
- 6.23%
- 6M
- 7.72%
- YTD
- 20.64%
- 1Y
- 37.76%
- 3Y*
- 15.97%
- 5Y*
- 18.99%
- 10Y*
- 9.50%
- ALL TIME*
- 7.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.59K | $12.40K | $16.43K | |
| $9.25M | $7.13M | $9.70M |
DVXE vs. IGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DVXE WEBs Energy XLE Defined Volatility ETF | 50.61% | 4.49% |
IGE iShares North American Natural Resources ETF | 20.64% | 12.95% |
Correlation
The correlation between DVXE and IGE is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.77 |
The correlation between DVXE and IGE has been stable across timeframes, ranging from 0.77 to 0.77 - a consistent structural relationship.
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Return for Risk
DVXE vs. IGE — Risk / Return Rank
DVXE
IGE
DVXE vs. IGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WEBs Energy XLE Defined Volatility ETF (DVXE) and iShares North American Natural Resources ETF (IGE). 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 | IGE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 3.15 | -0.55 |
| Martin ratioReturn relative to average drawdown | 6.05 | 9.73 | -3.67 |
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Drawdowns
DVXE vs. IGE - Drawdown Comparison
The maximum DVXE drawdown since its inception was -21.83%, smaller than the maximum IGE drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for DVXE and IGE.
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Drawdown Indicators
| DVXE | IGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.83% | -67.55% | +45.72% |
Max Drawdown (1Y)Largest decline over 1 year | -21.83% | -11.54% | -10.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.57% | — |
Current DrawdownCurrent decline from peak | -8.57% | -4.70% | -3.87% |
Average DrawdownAverage peak-to-trough decline | -7.25% | -18.82% | +11.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.37% | 3.73% | +5.64% |
Volatility
DVXE vs. IGE - Volatility Comparison
WEBs Energy XLE Defined Volatility ETF (DVXE) has a higher volatility of 8.29% compared to iShares North American Natural Resources ETF (IGE) at 3.97%. This indicates that DVXE's price experiences larger fluctuations and is considered to be riskier than IGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DVXE | IGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 3.97% | +4.32% |
Volatility (6M)Calculated over the trailing 6-month period | 22.36% | 12.88% | +9.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.92% | 16.57% | +14.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.78% | 22.23% | +8.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.78% | 24.86% | +5.92% |
DVXE vs. IGE - Expense Ratio Comparison
DVXE has a 0.89% expense ratio, which is higher than IGE's 0.39% expense ratio.
Dividends
DVXE vs. IGE - Dividend Comparison
DVXE has not paid dividends to shareholders, while IGE's dividend yield for the trailing twelve months is around 1.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVXE WEBs Energy XLE Defined Volatility ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGE iShares North American Natural Resources ETF | 1.98% | 2.32% | 2.54% | 2.85% | 2.96% | 2.92% | 3.34% | 5.55% | 2.68% | 2.11% | 1.66% | 3.08% |
Frequently Asked Questions
DVXE and IGE have a correlation of 0.77, 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 IGE (3.97%). In terms of maximum drawdown, DVXE dropped -21.83% vs IGE's -67.55%.
On 1-year performance, DVXE leads with 61.29% vs 37.76% for IGE. On fees, IGE is cheaper at 0.39% per year. On volatility, IGE has been the lower-risk option at 3.97%. 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 37.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGE is cheaper with a 0.39% expense ratio, compared with 0.89% for DVXE.
IGE has the higher dividend yield at 1.98%, compared with 0.00% for DVXE.
DVXE tracks Syntax Defined Volatility XLE Index, while IGE tracks S&P North American Natural Resources Sector Index. They also come from different issuers: WEBs and iShares. Their fees differ too: 0.89% for DVXE and 0.39% for IGE.
IGE currently has the higher Sharpe Ratio (2.19 vs 1.83), 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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