DVXK vs. XLK

Last updated Jul 18, 2026

DVXK (WEBs Technology XLK Defined Volatility ETF) and XLK (State Street Technology Select Sector SPDR ETF) are both Technology Equities funds - DVXK tracks the Syntax Defined Volatility XLK Index while XLK tracks the S&P Technology Select Sector Daily Capped 35/20 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 XLK.

Performance

DVXK vs. XLK - Performance Comparison

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

Returns By Period

In the year-to-date period, DVXK achieves a 26.34% return, which is significantly higher than XLK's 22.26% return.

DVXK

• 1D: -0.80%
• 1M: -4.03%
• 6M: 24.04%
• YTD: 26.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLK

• 1D: -1.09%
• 1M: -5.38%
• 6M: 20.87%
• YTD: 22.26%
• 1Y: 35.23%
• 3Y*: 25.72%
• 5Y*: 19.39%
• 10Y*: 24.05%

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

DVXK vs. XLK - Yearly Performance Comparison

	2026 (YTD)	2025
DVXK WEBs Technology XLK Defined Volatility ETF	26.34%	16.30%
XLK State Street Technology Select Sector SPDR ETF	22.26%	11.57%

Correlation

The correlation between DVXK and XLK 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

Return for Risk

DVXK vs. XLK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DVXK

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

XLK

XLK Risk / Return Rank: 50
XLK Sharpe Ratio Rank: 52
XLK Sortino Ratio Rank: 46
XLK Omega Ratio Rank: 47
XLK Calmar Ratio Rank: 55
XLK Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DVXK vs. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Technology XLK Defined Volatility ETF (DVXK) and State Street Technology Select Sector SPDR ETF (XLK). 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	XLK	Difference
Sharpe ratio: Return per unit of total volatility	—	1.44	—
Sortino ratio: Return per unit of downside risk	—	1.92	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.22	—
Martin ratio: Return relative to average drawdown	—	6.56	—

Drawdowns

DVXK vs. XLK - Drawdown Comparison

The maximum DVXK drawdown since its inception was -24.08%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for DVXK and XLK.

Drawdown Indicators

	DVXK	XLK	Difference
Max Drawdown Largest peak-to-trough decline	-24.08%	-82.05%	+57.97%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.92%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.56%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.56%	—
Current Drawdown Current decline from peak	-12.64%	-11.31%	-1.33%
Average Drawdown Average peak-to-trough decline	-7.02%	-34.83%	+27.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.39%	—

Volatility

Volatility by Period

	DVXK	XLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	32.73%	24.57%	+8.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.73%	25.58%	+7.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.73%	24.80%	+7.93%

DVXK vs. XLK - Expense Ratio Comparison

DVXK has a 0.89% expense ratio, which is higher than XLK's 0.08% expense ratio.

Dividends

DVXK vs. XLK - Dividend Comparison

DVXK's dividend yield for the trailing twelve months is around 2.63%, more than XLK's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVXK WEBs Technology XLK Defined Volatility ETF	2.63%	3.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLK State Street Technology Select Sector SPDR ETF	0.45%	0.54%	0.66%	0.76%	1.04%	0.65%	0.92%	1.16%	1.60%	1.37%	1.74%	1.79%

Frequently Asked Questions

Can I hold both DVXK and XLK in my portfolio?

With a correlation of 0.98, DVXK and XLK 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, DVXK or XLK?

On fees, XLK is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXK or XLK?

XLK is cheaper with a 0.08% expense ratio, compared with 0.89% for DVXK.

Which ETF pays a higher dividend yield, DVXK or XLK?

DVXK has the higher dividend yield at 2.63%, compared with 0.45% for XLK.

What is the main difference between DVXK and XLK?

DVXK tracks Syntax Defined Volatility XLK Index, while XLK tracks S&P Technology Select Sector Daily Capped 35/20 Index. They also come from different issuers: WEBs and State Street. Their fees differ too: 0.89% for DVXK and 0.08% for XLK.