DVXF vs. IAT
DVXF (WEBs Financial XLF Defined Volatility ETF) and IAT (iShares U.S. Regional Banks ETF) are both Financials Equities funds - DVXF tracks the Syntax Defined Volatility XLF Index while IAT tracks the Dow Jones U.S. Select Regional Banks Index. Both are passively managed. A 0.75 correlation means they provide meaningful diversification when combined. DVXF charges 0.89%/yr vs 0.42%/yr for IAT.
Performance
DVXF vs. IAT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DVXF achieves a -5.31% return, which is significantly lower than IAT's 10.17% return.
DVXF
- 1D
- -1.67%
- 1M
- 5.68%
- YTD
- -5.31%
- 6M
- -5.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAT
- 1D
- 1.04%
- 1M
- 5.50%
- YTD
- 10.17%
- 6M
- 7.40%
- 1Y
- 31.68%
- 3Y*
- 26.82%
- 5Y*
- 4.27%
- 10Y*
- 9.56%
DVXF vs. IAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DVXF WEBs Financial XLF Defined Volatility ETF | -5.31% | 5.63% |
IAT iShares U.S. Regional Banks ETF | 10.17% | 7.29% |
Correlation
The correlation between DVXF and IAT is 0.75, 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 23, 2025 | 0.75 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DVXF vs. IAT — Risk / Return Rank
DVXF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IAT
DVXF vs. IAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WEBs Financial XLF Defined Volatility ETF (DVXF) and iShares U.S. Regional Banks ETF (IAT). 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.
| DVXF | IAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.82 | — |
| Martin ratioReturn relative to average drawdown | — | 4.63 | — |
Loading charts...
Drawdowns
DVXF vs. IAT - Drawdown Comparison
The maximum DVXF drawdown since its inception was -26.68%, smaller than the maximum IAT drawdown of -77.22%. Use the drawdown chart below to compare losses from any high point for DVXF and IAT.
Loading charts...
Drawdown Indicators
| DVXF | IAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.68% | -77.22% | +50.54% |
Max Drawdown (1Y)Largest decline over 1 year | — | -17.49% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.55% | — |
Current DrawdownCurrent decline from peak | -10.53% | -3.29% | -7.24% |
Average DrawdownAverage peak-to-trough decline | -9.43% | -26.92% | +17.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.87% | — |
Volatility
DVXF vs. IAT - Volatility Comparison
Loading charts...
Volatility by Period
| DVXF | IAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.69% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.93% | 22.01% | +5.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.93% | 28.95% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.93% | 30.81% | -2.88% |
DVXF vs. IAT - Expense Ratio Comparison
DVXF has a 0.89% expense ratio, which is higher than IAT's 0.42% expense ratio.
Dividends
DVXF vs. IAT - Dividend Comparison
DVXF has not paid dividends to shareholders, while IAT's dividend yield for the trailing twelve months is around 2.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVXF WEBs Financial XLF Defined Volatility ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IAT iShares U.S. Regional Banks ETF | 2.69% | 2.94% | 2.95% | 3.56% | 3.12% | 1.88% | 2.87% | 2.49% | 2.48% | 1.55% | 1.52% | 1.78% |
Frequently Asked Questions
DVXF and IAT have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IAT is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IAT is cheaper with a 0.42% expense ratio, compared with 0.89% for DVXF.
IAT has the higher dividend yield at 2.69%, compared with 0.00% for DVXF.
DVXF tracks Syntax Defined Volatility XLF Index, while IAT tracks Dow Jones U.S. Select Regional Banks Index. They also come from different issuers: WEBs and iShares. Their fees differ too: 0.89% for DVXF and 0.42% for IAT.
Find the right allocation for DVXF and IAT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer