DVXF vs. IYF
DVXF (WEBs Financial XLF Defined Volatility ETF) and IYF (iShares U.S. Financials ETF) are both Financials Equities funds - DVXF tracks the Syntax Defined Volatility XLF Index while IYF tracks the Dow Jones U.S. Financials Index. Both are passively managed. With a 0.97 correlation, they move nearly in lockstep. DVXF charges 0.89%/yr vs 0.42%/yr for IYF.
Performance
DVXF vs. IYF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DVXF achieves a -3.59% return, which is significantly lower than IYF's 0.92% return.
DVXF
- 1D
- 0.75%
- 1M
- 7.59%
- YTD
- -3.59%
- 6M
- -6.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYF
- 1D
- 0.41%
- 1M
- 4.59%
- YTD
- 0.92%
- 6M
- -0.33%
- 1Y
- 11.89%
- 3Y*
- 23.15%
- 5Y*
- 11.53%
- 10Y*
- 13.90%
DVXF vs. IYF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DVXF WEBs Financial XLF Defined Volatility ETF | -3.59% | 5.63% |
IYF iShares U.S. Financials ETF | 0.92% | 5.96% |
Correlation
The correlation between DVXF and IYF is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.97 |
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. IYF — Risk / Return Rank
DVXF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IYF
DVXF vs. IYF - 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. Financials ETF (IYF). 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 | IYF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.15 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.86 | — |
| Martin ratioReturn relative to average drawdown | — | 2.32 | — |
Loading charts...
Drawdowns
DVXF vs. IYF - Drawdown Comparison
The maximum DVXF drawdown since its inception was -26.68%, smaller than the maximum IYF drawdown of -79.09%. Use the drawdown chart below to compare losses from any high point for DVXF and IYF.
Loading charts...
Drawdown Indicators
| DVXF | IYF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.68% | -79.09% | +52.41% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.88% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.60% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.57% | — |
Current DrawdownCurrent decline from peak | -8.91% | -2.17% | -6.74% |
Average DrawdownAverage peak-to-trough decline | -9.43% | -17.58% | +8.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.14% | — |
Volatility
DVXF vs. IYF - Volatility Comparison
Loading charts...
Volatility by Period
| DVXF | IYF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.13% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.19% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.84% | 14.53% | +13.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.84% | 19.00% | +8.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.84% | 20.84% | +7.00% |
DVXF vs. IYF - Expense Ratio Comparison
DVXF has a 0.89% expense ratio, which is higher than IYF's 0.42% expense ratio.
Dividends
DVXF vs. IYF - Dividend Comparison
DVXF has not paid dividends to shareholders, while IYF's dividend yield for the trailing twelve months is around 1.48%.
| 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% |
IYF iShares U.S. Financials ETF | 1.48% | 1.32% | 1.29% | 1.67% | 1.86% | 1.27% | 1.72% | 1.64% | 1.90% | 1.46% | 1.67% | 1.66% |
Frequently Asked Questions
With a correlation of 0.97, DVXF and IYF 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.
On fees, IYF is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IYF is cheaper with a 0.42% expense ratio, compared with 0.89% for DVXF.
IYF has the higher dividend yield at 1.48%, compared with 0.00% for DVXF.
DVXF tracks Syntax Defined Volatility XLF Index, while IYF tracks Dow Jones U.S. Financials Index. They also come from different issuers: WEBs and iShares. Their fees differ too: 0.89% for DVXF and 0.42% for IYF.
Find the right allocation for DVXF and IYF
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