DVXE vs. TEXU

Last updated Aug 1, 2026

DVXE (WEBs Energy XLE Defined Volatility ETF) and TEXU (Direxion Daily Energy Top 5 Bull 2X ETF) are both exchange-traded funds - DVXE is a Energy Equities fund tracking the Syntax Defined Volatility XLE Index, while TEXU is a Leveraged Equities fund tracking the S&P 500 Energy (Sector) Top 5 Equal Capped Index. Both are passively managed. Their correlation of 0.92 means they have usually moved in the same direction. DVXE charges 0.89%/yr vs 0.98%/yr for TEXU.

Performance

DVXE vs. TEXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Energy XLE Defined Volatility ETF (DVXE) and Direxion Daily Energy Top 5 Bull 2X ETF (TEXU). 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 lower than TEXU's 61.53% return.

DVXE

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

TEXU

• 1D: 3.70%
• 1M: 20.93%
• 6M: 27.67%
• YTD: 61.53%
• 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
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	$74.49K	$95.78K	$95.00K

DVXE vs. TEXU - Yearly Performance Comparison

	2026 (YTD)	2025
DVXE WEBs Energy XLE Defined Volatility ETF	50.61%	-1.88%
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	61.53%	-1.42%

Correlation

The correlation between DVXE and TEXU is 0.92, 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 1, 2025	0.92

Return for Risk

DVXE vs. TEXU — 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

TEXU

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. TEXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Energy XLE Defined Volatility ETF (DVXE) and Direxion Daily Energy Top 5 Bull 2X ETF (TEXU). 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	TEXU	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. TEXU - Drawdown Comparison

The maximum DVXE drawdown since its inception was -21.83%, smaller than the maximum TEXU drawdown of -31.71%. Use the drawdown chart below to compare losses from any high point for DVXE and TEXU.

Drawdown Indicators

	DVXE	TEXU	Difference
Max Drawdown Largest peak-to-trough decline	-21.83%	-31.71%	+9.88%
Max Drawdown (1Y) Largest decline over 1 year	-21.83%	—	—
Current Drawdown Current decline from peak	-8.57%	-15.96%	+7.39%
Average Drawdown Average peak-to-trough decline	-7.25%	-8.67%	+1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.37%	—	—

Volatility

Volatility by Period

	DVXE	TEXU	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%	40.87%	-9.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.78%	40.87%	-10.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.78%	40.87%	-10.09%

DVXE vs. TEXU - Expense Ratio Comparison

DVXE has a 0.89% expense ratio, which is lower than TEXU's 0.98% expense ratio.

Dividends

DVXE vs. TEXU - Dividend Comparison

DVXE has not paid dividends to shareholders, while TEXU's dividend yield for the trailing twelve months is around 1.36%.

Position	TTM	2025
DVXE WEBs Energy XLE Defined Volatility ETF	0.00%	0.00%
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	1.36%	0.67%

Frequently Asked Questions

Can I hold both DVXE and TEXU in my portfolio?

With a correlation of 0.92, DVXE and TEXU 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 TEXU?

On fees, DVXE is cheaper at 0.89% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXE or TEXU?

DVXE is cheaper with a 0.89% expense ratio, compared with 0.98% for TEXU.

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

TEXU has the higher dividend yield at 1.36%, compared with 0.00% for DVXE.

What is the main difference between DVXE and TEXU?

DVXE is categorized as Energy Equities, while TEXU is Leveraged Equities. DVXE tracks Syntax Defined Volatility XLE Index, while TEXU tracks S&P 500 Energy (Sector) Top 5 Equal Capped Index. They also come from different issuers: WEBs and Direxion. Their fees differ too: 0.89% for DVXE and 0.98% for TEXU.