DVXE vs. VOLT

Last updated Jun 24, 2026

DVXE (WEBs Energy XLE Defined Volatility ETF) and VOLT (Tema Electrification ETF) are both exchange-traded funds - DVXE is a Energy Equities fund tracking the Syntax Defined Volatility XLE Index, while VOLT is a Global Equities fund actively managed by Tema. DVXE is passively managed, while VOLT is actively managed. At a correlation of -0.03, they often move in opposite directions. DVXE charges 0.89%/yr vs 0.75%/yr for VOLT.

Performance

DVXE vs. VOLT - Performance Comparison

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

Returns By Period

In the year-to-date period, DVXE achieves a 34.11% return, which is significantly lower than VOLT's 40.29% return.

DVXE

• 1D: 0.96%
• 1M: -8.86%
• YTD: 34.11%
• 6M: 35.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VOLT

• 1D: -3.50%
• 1M: 2.50%
• YTD: 40.29%
• 6M: 38.12%
• 1Y: 64.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVXE vs. VOLT - Yearly Performance Comparison

	2026 (YTD)	2025
DVXE WEBs Energy XLE Defined Volatility ETF	34.11%	4.49%
VOLT Tema Electrification ETF	40.29%	9.34%

Correlation

The correlation between DVXE and VOLT is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	-0.03

Return for Risk

DVXE vs. VOLT — Risk / Return Rank

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

DVXE

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

VOLT

VOLT Risk / Return Rank: 89
VOLT Sharpe Ratio Rank: 91
VOLT Sortino Ratio Rank: 86
VOLT Omega Ratio Rank: 85
VOLT Calmar Ratio Rank: 94
VOLT Martin Ratio Rank: 89

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. VOLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Energy XLE Defined Volatility ETF (DVXE) and Tema Electrification ETF (VOLT). 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	VOLT	Difference
Sharpe ratio: Return per unit of total volatility	—	2.99	—
Sortino ratio: Return per unit of downside risk	—	3.71	—
Omega ratio: Gain probability vs. loss probability	—	1.49	—
Calmar ratio: Return relative to maximum drawdown	—	6.78	—
Martin ratio: Return relative to average drawdown	—	18.99	—

Drawdowns

DVXE vs. VOLT - Drawdown Comparison

The maximum DVXE drawdown since its inception was -20.56%, smaller than the maximum VOLT drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for DVXE and VOLT.

Drawdown Indicators

	DVXE	VOLT	Difference
Max Drawdown Largest peak-to-trough decline	-20.56%	-23.40%	+2.84%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.59%	—
Current Drawdown Current decline from peak	-18.58%	-3.50%	-15.08%
Average Drawdown Average peak-to-trough decline	-6.35%	-5.14%	-1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.42%	—

Volatility

Volatility by Period

	DVXE	VOLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.40%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	31.12%	21.75%	+9.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.12%	24.55%	+6.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.12%	24.55%	+6.57%

DVXE vs. VOLT - Expense Ratio Comparison

DVXE has a 0.89% expense ratio, which is higher than VOLT's 0.75% expense ratio.

Dividends

DVXE vs. VOLT - Dividend Comparison

DVXE has not paid dividends to shareholders, while VOLT's dividend yield for the trailing twelve months is around 0.32%.

Position	TTM	2025	2024
DVXE WEBs Energy XLE Defined Volatility ETF	0.00%	0.00%	0.00%
VOLT Tema Electrification ETF	0.32%	0.46%	0.01%

Frequently Asked Questions

Can I hold both DVXE and VOLT in my portfolio?

DVXE and VOLT have a correlation of -0.03, 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 VOLT?

On fees, VOLT is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXE or VOLT?

VOLT is cheaper with a 0.75% expense ratio, compared with 0.89% for DVXE.

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

VOLT has the higher dividend yield at 0.32%, compared with 0.00% for DVXE.

What is the main difference between DVXE and VOLT?

DVXE is categorized as Energy Equities, while VOLT is Global Equities. They also come from different issuers: WEBs and Tema. Their fees differ too: 0.89% for DVXE and 0.75% for VOLT.