DVXE vs. MDST
DVXE (WEBs Energy XLE Defined Volatility ETF) and MDST (Westwood Salient Enhanced Midstream Income ETF) are both Energy Equities funds. DVXE is passively managed, while MDST is actively managed. A 0.59 correlation means they provide meaningful diversification when combined. DVXE charges 0.89%/yr vs 0.80%/yr for MDST.
Performance
DVXE vs. MDST - Performance Comparison
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Returns By Period
In the year-to-date period, DVXE achieves a 44.98% return, which is significantly higher than MDST's 14.94% return.
DVXE
- 1D
- 1.52%
- 1M
- -1.50%
- YTD
- 44.98%
- 6M
- 39.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MDST
- 1D
- 0.14%
- 1M
- -0.74%
- YTD
- 14.94%
- 6M
- 14.77%
- 1Y
- 17.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DVXE vs. MDST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DVXE WEBs Energy XLE Defined Volatility ETF | 44.98% | 4.49% |
MDST Westwood Salient Enhanced Midstream Income ETF | 14.94% | 4.35% |
Correlation
The correlation between DVXE and MDST is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025 | 0.59 |
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Return for Risk
DVXE vs. MDST — Risk / Return Rank
DVXE
MDST
DVXE vs. MDST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WEBs Energy XLE Defined Volatility ETF (DVXE) and Westwood Salient Enhanced Midstream Income ETF (MDST). 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.
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Sharpe Ratios by Period
| DVXE | MDST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.99 | 1.16 | +0.83 |
Drawdowns
DVXE vs. MDST - Drawdown Comparison
The maximum DVXE drawdown since its inception was -17.96%, which is greater than MDST's maximum drawdown of -14.19%. Use the drawdown chart below to compare losses from any high point for DVXE and MDST.
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Drawdown Indicators
| DVXE | MDST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.96% | -14.19% | -3.77% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.74% | — |
Current DrawdownCurrent decline from peak | -11.99% | -3.53% | -8.46% |
Average DrawdownAverage peak-to-trough decline | -5.80% | -2.17% | -3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.37% | — |
Volatility
DVXE vs. MDST - Volatility Comparison
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Volatility by Period
| DVXE | MDST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.87% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.36% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 31.23% | 12.12% | +19.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.23% | 16.11% | +15.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.23% | 16.11% | +15.12% |
DVXE vs. MDST - Expense Ratio Comparison
DVXE has a 0.89% expense ratio, which is higher than MDST's 0.80% expense ratio.
Dividends
DVXE vs. MDST - Dividend Comparison
DVXE has not paid dividends to shareholders, while MDST's dividend yield for the trailing twelve months is around 9.33%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
DVXE WEBs Energy XLE Defined Volatility ETF | 0.00% | 0.00% | 0.00% |
MDST Westwood Salient Enhanced Midstream Income ETF | 9.33% | 10.22% | 6.60% |
Frequently Asked Questions
DVXE and MDST have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MDST is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MDST is cheaper with a 0.80% expense ratio, compared with 0.89% for DVXE.
MDST has the higher dividend yield at 9.33%, compared with 0.00% for DVXE.
They also come from different issuers: WEBs and Westwood. Their fees differ too: 0.89% for DVXE and 0.80% for MDST.
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