DVXE vs. IYE

Last updated Jun 6, 2026

DVXE (WEBs Energy XLE Defined Volatility ETF) and IYE (iShares U.S. Energy ETF) are both Energy Equities funds - DVXE tracks the Syntax Defined Volatility XLE Index while IYE tracks the Dow Jones U.S. Oil & Gas Index. Both are passively managed. With a 0.99 correlation, they move nearly in lockstep. DVXE charges 0.89%/yr vs 0.42%/yr for IYE.

Performance

DVXE vs. IYE - Performance Comparison

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

Returns By Period

In the year-to-date period, DVXE achieves a 42.07% return, which is significantly higher than IYE's 29.18% return.

DVXE

• 1D: -1.92%
• 1M: 1.28%
• YTD: 42.07%
• 6M: 36.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IYE

• 1D: -2.10%
• 1M: 0.88%
• YTD: 29.18%
• 6M: 26.69%
• 1Y: 43.85%
• 3Y*: 16.27%
• 5Y*: 19.02%
• 10Y*: 8.30%

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

DVXE vs. IYE - Yearly Performance Comparison

	2026 (YTD)	2025
DVXE WEBs Energy XLE Defined Volatility ETF	42.07%	4.49%
IYE iShares U.S. Energy ETF	29.18%	4.76%

Correlation

The correlation between DVXE and IYE 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 24, 2025	0.99

Return for Risk

DVXE vs. IYE — Risk / Return Rank

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

IYE

IYE Risk / Return Rank: 66
IYE Sharpe Ratio Rank: 70
IYE Sortino Ratio Rank: 63
IYE Omega Ratio Rank: 60
IYE Calmar Ratio Rank: 75
IYE Martin Ratio Rank: 62

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. IYE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Energy XLE Defined Volatility ETF (DVXE) and iShares U.S. Energy ETF (IYE). 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	IYE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.20	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.85	0.26	+1.59

Drawdowns

DVXE vs. IYE - Drawdown Comparison

The maximum DVXE drawdown since its inception was -17.96%, smaller than the maximum IYE drawdown of -73.74%. Use the drawdown chart below to compare losses from any high point for DVXE and IYE.

Drawdown Indicators

	DVXE	IYE	Difference
Max Drawdown Largest peak-to-trough decline	-17.96%	-73.74%	+55.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.92%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.37%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-68.59%	—
Current Drawdown Current decline from peak	-13.75%	-7.72%	-6.03%
Average Drawdown Average peak-to-trough decline	-5.87%	-19.36%	+13.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.07%	—

Volatility

Volatility by Period

	DVXE	IYE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	31.17%	19.98%	+11.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.17%	25.72%	+5.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.17%	29.51%	+1.66%

DVXE vs. IYE - Expense Ratio Comparison

DVXE has a 0.89% expense ratio, which is higher than IYE's 0.42% expense ratio.

Dividends

DVXE vs. IYE - Dividend Comparison

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

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%
IYE iShares U.S. Energy ETF	2.18%	2.85%	2.75%	2.99%	3.37%	2.98%	4.75%	6.60%	3.16%	2.66%	2.11%	3.39%

Frequently Asked Questions

Can I hold both DVXE and IYE in my portfolio?

With a correlation of 0.99, DVXE and IYE 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 IYE?

On fees, IYE is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXE or IYE?

IYE is cheaper with a 0.42% expense ratio, compared with 0.89% for DVXE.

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

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

What is the main difference between DVXE and IYE?

DVXE tracks Syntax Defined Volatility XLE Index, while IYE tracks Dow Jones U.S. Oil & Gas Index. They also come from different issuers: WEBs and iShares. Their fees differ too: 0.89% for DVXE and 0.42% for IYE.