DVXP vs. DVXV

Last updated Aug 1, 2026

DVXP (WEBs Consumer Staples XLP Defined Volatility ETF) and DVXV (WEBs Health Care XLV Defined Volatility ETF) are both exchange-traded funds - DVXP is a Consumer Staples Equities fund tracking the Syntax Defined Volatility XLP Index, while DVXV is a Health & Biotech Equities fund tracking the Syntax Defined Volatility XLV Index. Both are passively managed. Over the past year, DVXP returned 7.24% vs 33.47% for DVXV. Their 0.42 correlation means their historical movements had little consistent relationship. Both charge a 0.89% expense ratio.

Performance

DVXP vs. DVXV - 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 Health Care XLV Defined Volatility ETF (DVXV). 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 DVXV's 4.89% return.

DVXP

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

DVXV

• 1D: -0.50%
• 1M: -1.06%
• 6M: 5.03%
• YTD: 4.89%
• 1Y: 33.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.57%

*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)
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	$45.59K	$42.24K	$40.71K
DVXV WEBs Health Care XLV Defined Volatility ETF	$1.42K	$1.10K	$2.54K

DVXP vs. DVXV - Yearly Performance Comparison

	2026 (YTD)	2025
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	15.21%	-10.24%
DVXV WEBs Health Care XLV Defined Volatility ETF	4.89%	21.27%

Correlation

The correlation between DVXP and DVXV is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.41
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.42

Return for Risk

DVXP vs. DVXV — 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

DVXV

DVXV Risk / Return Rank: 66
DVXV Sharpe Ratio Rank: 70
DVXV Sortino Ratio Rank: 79
DVXV Omega Ratio Rank: 66
DVXV Calmar Ratio Rank: 68
DVXV Martin Ratio Rank: 49

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. DVXV - 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 Health Care XLV Defined Volatility ETF (DVXV). 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	DVXV	Difference
Sharpe ratio: Return per unit of total volatility	0.40	1.62	-1.22
Sortino ratio: Return per unit of downside risk	0.72	2.56	-1.84
Omega ratio: Gain probability vs. loss probability	1.08	1.28	-0.20
Calmar ratio: Return relative to maximum drawdown	0.52	2.41	-1.89
Martin ratio: Return relative to average drawdown	0.90	5.60	-4.70

DVXP vs. DVXV - Sharpe Ratio Comparison

The current DVXP Sharpe Ratio is 0.40, which is lower than the DVXV Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of DVXP and DVXV, 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. DVXV - Drawdown Comparison

The maximum DVXP drawdown since its inception was -16.36%, which is greater than DVXV's maximum drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for DVXP and DVXV.

Drawdown Indicators

	DVXP	DVXV	Difference
Max Drawdown Largest peak-to-trough decline	-16.36%	-14.36%	-2.00%
Max Drawdown (1Y) Largest decline over 1 year	-16.36%	-14.36%	-2.00%
Current Drawdown Current decline from peak	-7.34%	-2.61%	-4.73%
Average Drawdown Average peak-to-trough decline	-8.28%	-4.58%	-3.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.37%	6.16%	+3.21%

Volatility

DVXP vs. DVXV - Volatility Comparison

WEBs Consumer Staples XLP Defined Volatility ETF (DVXP) has a higher volatility of 6.69% compared to WEBs Health Care XLV Defined Volatility ETF (DVXV) at 5.81%. This indicates that DVXP's price experiences larger fluctuations and is considered to be riskier than DVXV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVXP	DVXV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.69%	5.81%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	15.43%	15.13%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	21.19%	21.61%	-0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.20%	21.42%	-0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.20%	21.42%	-0.22%

DVXP vs. DVXV - Expense Ratio Comparison

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

Dividends

DVXP vs. DVXV - Dividend Comparison

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

Position	TTM	2025
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	0.16%	0.19%
DVXV WEBs Health Care XLV Defined Volatility ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both DVXP and DVXV in my portfolio?

DVXP and DVXV have a correlation of 0.41, 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 DVXV?

DVXP has higher volatility (6.69%) compared to DVXV (5.81%). In terms of maximum drawdown, DVXP dropped -16.36% vs DVXV's -14.36%.

Which ETF is better, DVXP or DVXV?

On 1-year performance, DVXV leads with 33.47% vs 7.24% for DVXP. Both ETFs have the same 0.89% expense ratio. On volatility, DVXV has been the lower-risk option at 5.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVXP or DVXV?

Over the 1-year period, DVXV has performed better with a 33.47% return vs 7.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVXP or DVXV?

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

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

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

What is the main difference between DVXP and DVXV?

DVXP is categorized as Consumer Staples Equities, while DVXV is Health & Biotech Equities. DVXP tracks Syntax Defined Volatility XLP Index, while DVXV tracks Syntax Defined Volatility XLV Index.

Which has better risk-adjusted returns?

DVXV currently has the higher Sharpe Ratio (1.62 vs 0.40), 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.