DVXE vs. XLEI

Last updated Jun 5, 2026

DVXE (WEBs Energy XLE Defined Volatility ETF) and XLEI (State Street Energy Select Sector SPDR Premium Income ETF) are both Energy Equities funds - DVXE tracks the Syntax Defined Volatility XLE Index while XLEI tracks the S&P Energy Select Sector. Both are passively managed. Their correlation of 0.94 suggests significant overlap in exposure. DVXE charges 0.89%/yr vs 0.35%/yr for XLEI.

Performance

DVXE vs. XLEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Energy XLE Defined Volatility ETF (DVXE) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVXE achieves a 44.86% return, which is significantly higher than XLEI's 20.69% return.

DVXE

• 1D: -0.08%
• 1M: -2.12%
• YTD: 44.86%
• 6M: 38.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLEI

• 1D: 0.22%
• 1M: 1.27%
• YTD: 20.69%
• 6M: 19.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVXE vs. XLEI - Yearly Performance Comparison

	2026 (YTD)	2025
DVXE WEBs Energy XLE Defined Volatility ETF	44.86%	2.75%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	20.69%	6.77%

Correlation

The correlation between DVXE and XLEI is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025	0.94

Return for Risk

DVXE vs. XLEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Energy XLE Defined Volatility ETF (DVXE) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). 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.

Sharpe Ratios by Period

	DVXE	XLEI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	2.67	-0.69

Drawdowns

DVXE vs. XLEI - Drawdown Comparison

The maximum DVXE drawdown since its inception was -17.96%, which is greater than XLEI's maximum drawdown of -7.98%. Use the drawdown chart below to compare losses from any high point for DVXE and XLEI.

Drawdown Indicators

	DVXE	XLEI	Difference
Max Drawdown Largest peak-to-trough decline	-17.96%	-7.98%	-9.98%
Current Drawdown Current decline from peak	-12.06%	-0.75%	-11.31%
Average Drawdown Average peak-to-trough decline	-5.83%	-1.52%	-4.31%

Volatility

Volatility by Period

	DVXE	XLEI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	31.16%	13.13%	+18.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.16%	13.13%	+18.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.16%	13.13%	+18.03%

DVXE vs. XLEI - Expense Ratio Comparison

DVXE has a 0.89% expense ratio, which is higher than XLEI's 0.35% expense ratio.

Dividends

DVXE vs. XLEI - Dividend Comparison

DVXE has not paid dividends to shareholders, while XLEI's dividend yield for the trailing twelve months is around 16.55%.

Position	TTM	2025
DVXE WEBs Energy XLE Defined Volatility ETF	0.00%	0.00%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	16.55%	10.17%

Frequently Asked Questions

Can I hold both DVXE and XLEI in my portfolio?

With a correlation of 0.94, DVXE and XLEI 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 XLEI?

On fees, XLEI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXE or XLEI?

XLEI is cheaper with a 0.35% expense ratio, compared with 0.89% for DVXE.

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

XLEI has the higher dividend yield at 16.55%, compared with 0.00% for DVXE.

What is the main difference between DVXE and XLEI?

DVXE tracks Syntax Defined Volatility XLE Index, while XLEI tracks S&P Energy Select Sector. They also come from different issuers: WEBs and State Street. Their fees differ too: 0.89% for DVXE and 0.35% for XLEI.