DVXK vs. FTEC
DVXK (WEBs Technology XLK Defined Volatility ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both Technology Equities funds - DVXK tracks the Syntax Defined Volatility XLK Index while FTEC tracks the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. With a 0.98 correlation, they move nearly in lockstep. DVXK charges 0.89%/yr vs 0.08%/yr for FTEC.
Performance
DVXK vs. FTEC - Performance Comparison
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Returns By Period
In the year-to-date period, DVXK achieves a 30.18% return, which is significantly higher than FTEC's 22.66% return.
DVXK
- 1D
- -0.62%
- 1M
- 1.58%
- YTD
- 30.18%
- 6M
- 26.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTEC
- 1D
- -0.73%
- 1M
- -0.38%
- YTD
- 22.66%
- 6M
- 20.59%
- 1Y
- 43.89%
- 3Y*
- 30.26%
- 5Y*
- 19.62%
- 10Y*
- 25.18%
DVXK vs. FTEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DVXK WEBs Technology XLK Defined Volatility ETF | 30.18% | 16.30% |
FTEC Fidelity MSCI Information Technology Index ETF | 22.66% | 11.40% |
Correlation
The correlation between DVXK and FTEC is 0.98 - 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 | 0.98 |
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Return for Risk
DVXK vs. FTEC — Risk / Return Rank
DVXK
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FTEC
DVXK vs. FTEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WEBs Technology XLK Defined Volatility ETF (DVXK) and Fidelity MSCI Information Technology Index ETF (FTEC). 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.
| DVXK | FTEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.71 | — |
| Martin ratioReturn relative to average drawdown | — | 8.29 | — |
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Drawdowns
DVXK vs. FTEC - Drawdown Comparison
The maximum DVXK drawdown since its inception was -24.08%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for DVXK and FTEC.
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Drawdown Indicators
| DVXK | FTEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.08% | -34.95% | +10.87% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.26% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.95% | — |
Current DrawdownCurrent decline from peak | -9.98% | -8.39% | -1.59% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -5.57% | -1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.31% | — |
Volatility
DVXK vs. FTEC - Volatility Comparison
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Volatility by Period
| DVXK | FTEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.39% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 18.57% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 33.30% | 22.79% | +10.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.30% | 25.60% | +7.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.30% | 24.86% | +8.44% |
DVXK vs. FTEC - Expense Ratio Comparison
DVXK has a 0.89% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Dividends
DVXK vs. FTEC - Dividend Comparison
DVXK's dividend yield for the trailing twelve months is around 2.55%, more than FTEC's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVXK WEBs Technology XLK Defined Volatility ETF | 2.55% | 3.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.36% | 0.43% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% |
Frequently Asked Questions
With a correlation of 0.98, DVXK and FTEC 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, FTEC is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FTEC is cheaper with a 0.08% expense ratio, compared with 0.89% for DVXK.
DVXK has the higher dividend yield at 2.55%, compared with 0.36% for FTEC.
DVXK tracks Syntax Defined Volatility XLK Index, while FTEC tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: WEBs and Fidelity. Their fees differ too: 0.89% for DVXK and 0.08% for FTEC.
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