DVXK vs. XLK
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 0.99 correlation, they move nearly in lockstep. DVXK charges 0.89%/yr vs 0.08%/yr for XLK.
Performance
DVXK vs. XLK - 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 XLK's 27.45% return.
DVXK
- 1D
- -0.62%
- 1M
- 1.58%
- YTD
- 30.18%
- 6M
- 26.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLK
- 1D
- -0.62%
- 1M
- 1.60%
- YTD
- 27.45%
- 6M
- 25.42%
- 1Y
- 48.85%
- 3Y*
- 30.34%
- 5Y*
- 21.22%
- 10Y*
- 25.40%
DVXK vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DVXK WEBs Technology XLK Defined Volatility ETF | 30.18% | 16.30% |
XLK State Street Technology Select Sector SPDR ETF | 27.45% | 11.57% |
Correlation
The correlation between DVXK and XLK is 0.99 - 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 | 0.99 |
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Return for Risk
DVXK vs. XLK — Risk / Return Rank
DVXK
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XLK
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.08 | — |
| Martin ratioReturn relative to average drawdown | — | 9.79 | — |
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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.
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Drawdown Indicators
| DVXK | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -9.98% | -7.54% | -2.44% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -34.90% | +28.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.00% | — |
Volatility
DVXK vs. XLK - Volatility Comparison
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Volatility by Period
| DVXK | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.50% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 33.30% | 23.47% | +9.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.30% | 25.37% | +7.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.30% | 24.71% | +8.59% |
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 2.55%, more than XLK's 0.43% 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% |
XLK State Street Technology Select Sector SPDR ETF | 0.43% | 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
With a correlation of 0.99, 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.
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.
XLK 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 0.43% for 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.
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