DVXF vs. GSIB
DVXF (WEBs Financial XLF Defined Volatility ETF) and GSIB (Themes Global Systemically Important Banks ETF) are both Financials Equities funds. DVXF is passively managed, while GSIB is actively managed. A 0.69 correlation means they provide meaningful diversification when combined. DVXF charges 0.89%/yr vs 0.35%/yr for GSIB.
Performance
DVXF vs. GSIB - Performance Comparison
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Returns By Period
In the year-to-date period, DVXF achieves a -14.23% return, which is significantly lower than GSIB's 9.75% return.
DVXF
- 1D
- -2.29%
- 1M
- -3.22%
- YTD
- -14.23%
- 6M
- -10.21%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSIB
- 1D
- -1.07%
- 1M
- 5.66%
- YTD
- 9.75%
- 6M
- 16.02%
- 1Y
- 42.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DVXF vs. GSIB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DVXF WEBs Financial XLF Defined Volatility ETF | -14.23% | 3.87% |
GSIB Themes Global Systemically Important Banks ETF | 9.75% | 17.45% |
Correlation
The correlation between DVXF and GSIB is 0.69, 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 | 0.69 |
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Return for Risk
DVXF vs. GSIB — Risk / Return Rank
DVXF
GSIB
DVXF vs. GSIB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WEBs Financial XLF Defined Volatility ETF (DVXF) and Themes Global Systemically Important Banks ETF (GSIB). 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
| DVXF | GSIB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.46 | 2.35 | -2.81 |
Drawdowns
DVXF vs. GSIB - Drawdown Comparison
The maximum DVXF drawdown since its inception was -26.68%, which is greater than GSIB's maximum drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for DVXF and GSIB.
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Drawdown Indicators
| DVXF | GSIB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.68% | -17.71% | -8.97% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.90% | — |
Current DrawdownCurrent decline from peak | -18.95% | -1.07% | -17.88% |
Average DrawdownAverage peak-to-trough decline | -9.32% | -2.06% | -7.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.94% | — |
Volatility
DVXF vs. GSIB - Volatility Comparison
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Volatility by Period
| DVXF | GSIB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.97% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.54% | 17.24% | +10.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.54% | 18.45% | +9.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.54% | 18.45% | +9.09% |
DVXF vs. GSIB - Expense Ratio Comparison
DVXF has a 0.89% expense ratio, which is higher than GSIB's 0.35% expense ratio.
Dividends
DVXF vs. GSIB - Dividend Comparison
DVXF has not paid dividends to shareholders, while GSIB's dividend yield for the trailing twelve months is around 1.74%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
DVXF WEBs Financial XLF Defined Volatility ETF | 0.00% | 0.00% | 0.00% |
GSIB Themes Global Systemically Important Banks ETF | 1.74% | 1.91% | 1.67% |
Frequently Asked Questions
DVXF and GSIB have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GSIB is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GSIB is cheaper with a 0.35% expense ratio, compared with 0.89% for DVXF.
GSIB has the higher dividend yield at 1.74%, compared with 0.00% for DVXF.
They also come from different issuers: WEBs and Themes. Their fees differ too: 0.89% for DVXF and 0.35% for GSIB.
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