DVXE vs. LNGX

Last updated Aug 1, 2026

DVXE (WEBs Energy XLE Defined Volatility ETF) and LNGX (Global X U.S. Natural Gas ETF) are both Energy Equities funds - DVXE tracks the Syntax Defined Volatility XLE Index while LNGX tracks the Global X U.S. Natural Gas Index. Both are passively managed. Their correlation of 0.84 means they have usually moved in the same direction. DVXE charges 0.89%/yr vs 0.45%/yr for LNGX.

Performance

DVXE vs. LNGX - 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 U.S. Natural Gas ETF (LNGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVXE achieves a 50.61% return, which is significantly higher than LNGX's 22.02% return.

DVXE

• 1D: 1.38%
• 1M: 15.67%
• 6M: 26.93%
• YTD: 50.61%
• 1Y: 61.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 55.89%

LNGX

• 1D: 1.79%
• 1M: 8.11%
• 6M: 12.58%
• YTD: 22.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DVXE WEBs Energy XLE Defined Volatility ETF	$14.59K	$12.40K	$16.43K
LNGX Global X U.S. Natural Gas ETF	$559.43K	$459.98K	$618.90K

DVXE vs. LNGX - Yearly Performance Comparison

	2026 (YTD)	2025
DVXE WEBs Energy XLE Defined Volatility ETF	50.61%	3.73%
LNGX Global X U.S. Natural Gas ETF	22.02%	5.29%

Correlation

The correlation between DVXE and LNGX is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 29, 2025	0.84

Return for Risk

DVXE vs. LNGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DVXE

DVXE Risk / Return Rank: 68
DVXE Sharpe Ratio Rank: 79
DVXE Sortino Ratio Rank: 70
DVXE Omega Ratio Rank: 68
DVXE Calmar Ratio Rank: 73
DVXE Martin Ratio Rank: 51

LNGX

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DVXE vs. LNGX - 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 U.S. Natural Gas ETF (LNGX). 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	LNGX	Difference
Sharpe ratio: Return per unit of total volatility	1.83	—	—
Sortino ratio: Return per unit of downside risk	2.31	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.59	—	—
Martin ratio: Return relative to average drawdown	6.05	—	—

Drawdowns

DVXE vs. LNGX - Drawdown Comparison

The maximum DVXE drawdown since its inception was -21.83%, which is greater than LNGX's maximum drawdown of -17.89%. Use the drawdown chart below to compare losses from any high point for DVXE and LNGX.

Drawdown Indicators

	DVXE	LNGX	Difference
Max Drawdown Largest peak-to-trough decline	-21.83%	-17.89%	-3.94%
Max Drawdown (1Y) Largest decline over 1 year	-21.83%	—	—
Current Drawdown Current decline from peak	-8.57%	-10.22%	+1.65%
Average Drawdown Average peak-to-trough decline	-7.25%	-6.42%	-0.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.37%	—	—

Volatility

Volatility by Period

	DVXE	LNGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.36%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.92%	25.06%	+5.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.78%	25.06%	+5.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.78%	25.06%	+5.72%

DVXE vs. LNGX - Expense Ratio Comparison

DVXE has a 0.89% expense ratio, which is higher than LNGX's 0.45% expense ratio.

Dividends

DVXE vs. LNGX - Dividend Comparison

DVXE has not paid dividends to shareholders, while LNGX's dividend yield for the trailing twelve months is around 0.81%.

Position	TTM	2025
DVXE WEBs Energy XLE Defined Volatility ETF	0.00%	0.00%
LNGX Global X U.S. Natural Gas ETF	0.81%	0.27%

Frequently Asked Questions

Can I hold both DVXE and LNGX in my portfolio?

DVXE and LNGX have a correlation of 0.84, 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 LNGX?

On fees, LNGX is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXE or LNGX?

LNGX is cheaper with a 0.45% expense ratio, compared with 0.89% for DVXE.

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

LNGX has the higher dividend yield at 0.81%, compared with 0.00% for DVXE.

What is the main difference between DVXE and LNGX?

DVXE tracks Syntax Defined Volatility XLE Index, while LNGX tracks Global X U.S. Natural Gas Index. They also come from different issuers: WEBs and Global X. Their fees differ too: 0.89% for DVXE and 0.45% for LNGX.