DVXF vs. XLFI

Last updated Jul 17, 2026

DVXF (WEBs Financial XLF Defined Volatility ETF) and XLFI (State Street Financial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - DVXF is a Financials Equities fund tracking the Syntax Defined Volatility XLF Index, while XLFI is a Derivative Income fund actively managed by State Street. DVXF is passively managed, while XLFI is actively managed. With a 0.96 correlation, they move nearly in lockstep. DVXF charges 0.89%/yr vs 0.35%/yr for XLFI.

Performance

DVXF vs. XLFI - Performance Comparison

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

Returns By Period

In the year-to-date period, DVXF achieves a 5.86% return, which is significantly higher than XLFI's 2.85% return.

DVXF

• 1D: 0.54%
• 1M: 8.88%
• 6M: 7.94%
• YTD: 5.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLFI

• 1D: 0.37%
• 1M: 3.86%
• 6M: 3.40%
• YTD: 2.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVXF vs. XLFI - Yearly Performance Comparison

	2026 (YTD)	2025
DVXF WEBs Financial XLF Defined Volatility ETF	5.86%	5.02%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	2.85%	5.40%

Correlation

The correlation between DVXF and XLFI is 0.96 - 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 30, 2025	0.96

Return for Risk

DVXF vs. XLFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Financial XLF Defined Volatility ETF (DVXF) and State Street Financial Select Sector SPDR Premium Income ETF (XLFI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

DVXF vs. XLFI - Drawdown Comparison

The maximum DVXF drawdown since its inception was -26.68%, which is greater than XLFI's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for DVXF and XLFI.

Drawdown Indicators

	DVXF	XLFI	Difference
Max Drawdown Largest peak-to-trough decline	-26.68%	-11.89%	-14.79%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.14%	-3.13%	-6.01%

Volatility

Volatility by Period

	DVXF	XLFI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	27.94%	11.96%	+15.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.94%	11.96%	+15.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.94%	11.96%	+15.98%

DVXF vs. XLFI - Expense Ratio Comparison

DVXF has a 0.89% expense ratio, which is higher than XLFI's 0.35% expense ratio.

Dividends

DVXF vs. XLFI - Dividend Comparison

DVXF has not paid dividends to shareholders, while XLFI's dividend yield for the trailing twelve months is around 11.32%.

Position	TTM	2025
DVXF WEBs Financial XLF Defined Volatility ETF	0.00%	0.00%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	11.32%	5.57%

Frequently Asked Questions

Can I hold both DVXF and XLFI in my portfolio?

With a correlation of 0.96, DVXF and XLFI 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, DVXF or XLFI?

On fees, XLFI 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, DVXF or XLFI?

XLFI is cheaper with a 0.35% expense ratio, compared with 0.89% for DVXF.

Which ETF pays a higher dividend yield, DVXF or XLFI?

XLFI has the higher dividend yield at 11.32%, compared with 0.00% for DVXF.

What is the main difference between DVXF and XLFI?

DVXF is categorized as Financials Equities, while XLFI is Derivative Income. They also come from different issuers: WEBs and State Street. Their fees differ too: 0.89% for DVXF and 0.35% for XLFI.