DVXE vs. WEEI

Last updated Aug 1, 2026

DVXE (WEBs Energy XLE Defined Volatility ETF) and WEEI (Westwood Salient Enhanced Energy Income ETF) are both Energy Equities funds. DVXE is passively managed, while WEEI is actively managed. Over the past year, DVXE returned 61.29% vs 30.50% for WEEI. Their correlation of 0.95 means they have usually moved in the same direction. DVXE charges 0.89%/yr vs 0.85%/yr for WEEI.

Performance

DVXE vs. WEEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Energy XLE Defined Volatility ETF (DVXE) and Westwood Salient Enhanced Energy Income ETF (WEEI). 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 WEEI's 20.96% return.

DVXE

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

WEEI

• 1D: 0.40%
• 1M: 9.54%
• 6M: 11.64%
• YTD: 20.96%
• 1Y: 30.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.50%

*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
WEEI Westwood Salient Enhanced Energy Income ETF	$1.31M	$1.32M	$1.22M

DVXE vs. WEEI - Yearly Performance Comparison

	2026 (YTD)	2025
DVXE WEBs Energy XLE Defined Volatility ETF	50.61%	4.49%
WEEI Westwood Salient Enhanced Energy Income ETF	20.96%	8.14%

Correlation

The correlation between DVXE and WEEI is 0.95, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.95
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.95

The correlation between DVXE and WEEI has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.

Return for Risk

DVXE vs. WEEI — 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

WEEI

WEEI Risk / Return Rank: 78
WEEI Sharpe Ratio Rank: 84
WEEI Sortino Ratio Rank: 79
WEEI Omega Ratio Rank: 80
WEEI Calmar Ratio Rank: 79
WEEI Martin Ratio Rank: 70

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. WEEI - 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 Energy Income ETF (WEEI). 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	WEEI	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.96	-0.13
Sortino ratio: Return per unit of downside risk	2.31	2.55	-0.24
Omega ratio: Gain probability vs. loss probability	1.29	1.33	-0.05
Calmar ratio: Return relative to maximum drawdown	2.59	2.80	-0.20
Martin ratio: Return relative to average drawdown	6.05	8.66	-2.60

DVXE vs. WEEI - Sharpe Ratio Comparison

The current DVXE Sharpe Ratio is 1.83, which is comparable to the WEEI Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of DVXE and WEEI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DVXE vs. WEEI - Drawdown Comparison

The maximum DVXE drawdown since its inception was -21.83%, which is greater than WEEI's maximum drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for DVXE and WEEI.

Drawdown Indicators

	DVXE	WEEI	Difference
Max Drawdown Largest peak-to-trough decline	-21.83%	-18.78%	-3.05%
Max Drawdown (1Y) Largest decline over 1 year	-21.83%	-10.27%	-11.56%
Current Drawdown Current decline from peak	-8.57%	-1.03%	-7.54%
Average Drawdown Average peak-to-trough decline	-7.25%	-4.26%	-2.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.37%	3.34%	+6.03%

Volatility

DVXE vs. WEEI - Volatility Comparison

WEBs Energy XLE Defined Volatility ETF (DVXE) has a higher volatility of 8.29% compared to Westwood Salient Enhanced Energy Income ETF (WEEI) at 4.28%. This indicates that DVXE's price experiences larger fluctuations and is considered to be riskier than WEEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVXE	WEEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.29%	4.28%	+4.01%
Volatility (6M) Calculated over the trailing 6-month period	22.36%	11.45%	+10.91%
Volatility (1Y) Calculated over the trailing 1-year period	30.92%	14.65%	+16.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.78%	18.23%	+12.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.78%	18.23%	+12.55%

DVXE vs. WEEI - Expense Ratio Comparison

DVXE has a 0.89% expense ratio, which is higher than WEEI's 0.85% expense ratio.

Dividends

DVXE vs. WEEI - Dividend Comparison

DVXE has not paid dividends to shareholders, while WEEI's dividend yield for the trailing twelve months is around 11.24%.

Position	TTM	2025	2024
DVXE WEBs Energy XLE Defined Volatility ETF	0.00%	0.00%	0.00%
WEEI Westwood Salient Enhanced Energy Income ETF	11.24%	12.59%	7.20%

Frequently Asked Questions

Can I hold both DVXE and WEEI in my portfolio?

With a correlation of 0.95, DVXE and WEEI 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 is riskier, DVXE or WEEI?

DVXE has higher volatility (8.29%) compared to WEEI (4.28%). In terms of maximum drawdown, DVXE dropped -21.83% vs WEEI's -18.78%.

Which ETF is better, DVXE or WEEI?

On 1-year performance, DVXE leads with 61.29% vs 30.50% for WEEI. On fees, WEEI is cheaper at 0.85% per year. On volatility, WEEI has been the lower-risk option at 4.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVXE or WEEI?

Over the 1-year period, DVXE has performed better with a 61.29% return vs 30.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVXE or WEEI?

WEEI is cheaper with a 0.85% expense ratio, compared with 0.89% for DVXE.

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

WEEI has the higher dividend yield at 11.24%, compared with 0.00% for DVXE.

What is the main difference between DVXE and WEEI?

They also come from different issuers: WEBs and Westwood. Their fees differ too: 0.89% for DVXE and 0.85% for WEEI.

Which has better risk-adjusted returns?

WEEI currently has the higher Sharpe Ratio (1.96 vs 1.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.