DVXP vs. DVUT

Last updated Aug 1, 2026

DVXP (WEBs Consumer Staples XLP Defined Volatility ETF) and DVUT (WEBs Utilities XLU Defined Volatility ETF) are both exchange-traded funds - DVXP is a Consumer Staples Equities fund tracking the Syntax Defined Volatility XLP Index, while DVUT is a Utilities Equities fund tracking the Syntax Defined Volatility XLU Index. Both are passively managed. Over the past year, DVXP returned 7.24% vs 3.76% for DVUT. Their 0.33 correlation means their historical movements had little consistent relationship. Both charge a 0.89% expense ratio.

Performance

DVXP vs. DVUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Consumer Staples XLP Defined Volatility ETF (DVXP) and WEBs Utilities XLU Defined Volatility ETF (DVUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVXP achieves a 15.21% return, which is significantly higher than DVUT's 4.94% return.

DVXP

• 1D: -0.45%
• 1M: 0.32%
• 6M: 2.88%
• YTD: 15.21%
• 1Y: 7.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.34%

DVUT

• 1D: -0.88%
• 1M: -4.44%
• 6M: 3.42%
• YTD: 4.94%
• 1Y: 3.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.01%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DVUT WEBs Utilities XLU Defined Volatility ETF	$336.61	$333.66	$2.68K
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	$45.59K	$42.24K	$40.71K

DVXP vs. DVUT - Yearly Performance Comparison

	2026 (YTD)	2025
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	15.21%	-10.24%
DVUT WEBs Utilities XLU Defined Volatility ETF	4.94%	2.12%

Correlation

The correlation between DVXP and DVUT is 0.33, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.33
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.33

Return for Risk

DVXP vs. DVUT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DVXP

DVXP Risk / Return Rank: 20
DVXP Sharpe Ratio Rank: 21
DVXP Sortino Ratio Rank: 21
DVXP Omega Ratio Rank: 20
DVXP Calmar Ratio Rank: 20
DVXP Martin Ratio Rank: 17

DVUT

DVUT Risk / Return Rank: 15
DVUT Sharpe Ratio Rank: 14
DVUT Sortino Ratio Rank: 15
DVUT Omega Ratio Rank: 15
DVUT Calmar Ratio Rank: 15
DVUT Martin Ratio Rank: 14

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DVXP vs. DVUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Consumer Staples XLP Defined Volatility ETF (DVXP) and WEBs Utilities XLU Defined Volatility ETF (DVUT). 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.

	DVXP	DVUT	Difference
Sharpe ratio: Return per unit of total volatility	0.40	0.16	+0.24
Sortino ratio: Return per unit of downside risk	0.72	0.40	+0.32
Omega ratio: Gain probability vs. loss probability	1.08	1.05	+0.03
Calmar ratio: Return relative to maximum drawdown	0.52	0.23	+0.29
Martin ratio: Return relative to average drawdown	0.90	0.45	+0.45

DVXP vs. DVUT - Sharpe Ratio Comparison

The current DVXP Sharpe Ratio is 0.40, which is higher than the DVUT Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of DVXP and DVUT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DVXP vs. DVUT - Drawdown Comparison

The maximum DVXP drawdown since its inception was -16.36%, smaller than the maximum DVUT drawdown of -18.27%. Use the drawdown chart below to compare losses from any high point for DVXP and DVUT.

Drawdown Indicators

	DVXP	DVUT	Difference
Max Drawdown Largest peak-to-trough decline	-16.36%	-18.27%	+1.91%
Max Drawdown (1Y) Largest decline over 1 year	-16.36%	-18.27%	+1.91%
Current Drawdown Current decline from peak	-7.34%	-12.19%	+4.85%
Average Drawdown Average peak-to-trough decline	-8.28%	-7.98%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.37%	9.37%	0.00%

Volatility

DVXP vs. DVUT - Volatility Comparison

The current volatility for WEBs Consumer Staples XLP Defined Volatility ETF (DVXP) is 6.69%, while WEBs Utilities XLU Defined Volatility ETF (DVUT) has a volatility of 7.37%. This indicates that DVXP experiences smaller price fluctuations and is considered to be less risky than DVUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVXP	DVUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.69%	7.37%	-0.68%
Volatility (6M) Calculated over the trailing 6-month period	15.43%	19.50%	-4.07%
Volatility (1Y) Calculated over the trailing 1-year period	21.19%	26.12%	-4.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.20%	26.08%	-4.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.20%	26.08%	-4.88%

DVXP vs. DVUT - Expense Ratio Comparison

Both DVXP and DVUT have an expense ratio of 0.89%.

Dividends

DVXP vs. DVUT - Dividend Comparison

DVXP's dividend yield for the trailing twelve months is around 0.16%, while DVUT has not paid dividends to shareholders.

Position	TTM	2025
DVUT WEBs Utilities XLU Defined Volatility ETF	0.00%	0.00%
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	0.16%	0.19%

Frequently Asked Questions

Can I hold both DVXP and DVUT in my portfolio?

DVXP and DVUT have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVXP or DVUT?

DVUT has higher volatility (7.37%) compared to DVXP (6.69%). In terms of maximum drawdown, DVXP dropped -16.36% vs DVUT's -18.27%.

Which ETF is better, DVXP or DVUT?

On 1-year performance, DVXP leads with 7.24% vs 3.76% for DVUT. Both ETFs have the same 0.89% expense ratio. On volatility, DVXP has been the lower-risk option at 6.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVXP or DVUT?

Over the 1-year period, DVXP has performed better with a 7.24% return vs 3.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVXP or DVUT?

DVXP and DVUT have the same expense ratio: 0.89% per year.

Which ETF pays a higher dividend yield, DVXP or DVUT?

DVXP has the higher dividend yield at 0.16%, compared with 0.00% for DVUT.

What is the main difference between DVXP and DVUT?

DVXP is categorized as Consumer Staples Equities, while DVUT is Utilities Equities. DVXP tracks Syntax Defined Volatility XLP Index, while DVUT tracks Syntax Defined Volatility XLU Index.

Which has better risk-adjusted returns?

DVXP currently has the higher Sharpe Ratio (0.40 vs 0.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.