DVXP vs. NICO

Last updated Jul 17, 2026

DVXP (WEBs Consumer Staples XLP Defined Volatility ETF) and NICO (Hexis Active Nicotine Engagement ETF) are both Consumer Staples Equities funds. DVXP is passively managed, while NICO is actively managed. A 0.65 correlation means they provide meaningful diversification when combined. DVXP charges 0.89%/yr vs 0.70%/yr for NICO.

Performance

DVXP vs. NICO - Performance Comparison

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

Returns By Period

DVXP

• 1D: 3.21%
• 1M: 0.54%
• 6M: 5.24%
• YTD: 15.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NICO

• 1D: 4.64%
• 1M: 1.77%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVXP vs. NICO - Yearly Performance Comparison

	2026 (YTD)
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	2.24%
NICO Hexis Active Nicotine Engagement ETF	4.95%

Correlation

The correlation between DVXP and NICO is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 6, 2026	0.65

Return for Risk

DVXP vs. NICO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Consumer Staples XLP Defined Volatility ETF (DVXP) and Hexis Active Nicotine Engagement ETF (NICO). 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.

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

Drawdowns

DVXP vs. NICO - Drawdown Comparison

The maximum DVXP drawdown since its inception was -16.36%, which is greater than NICO's maximum drawdown of -8.00%. Use the drawdown chart below to compare losses from any high point for DVXP and NICO.

Drawdown Indicators

	DVXP	NICO	Difference
Max Drawdown Largest peak-to-trough decline	-16.36%	-8.00%	-8.36%
Current Drawdown Current decline from peak	-6.89%	-2.13%	-4.76%
Average Drawdown Average peak-to-trough decline	-8.32%	-4.07%	-4.25%

Volatility

Volatility by Period

	DVXP	NICO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	21.26%	22.09%	-0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.26%	22.09%	-0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.26%	22.09%	-0.83%

DVXP vs. NICO - Expense Ratio Comparison

DVXP has a 0.89% expense ratio, which is higher than NICO's 0.70% expense ratio.

Dividends

DVXP vs. NICO - Dividend Comparison

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

Position	TTM	2025
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	0.16%	0.19%
NICO Hexis Active Nicotine Engagement ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both DVXP and NICO in my portfolio?

DVXP and NICO have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DVXP or NICO?

On fees, NICO is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXP or NICO?

NICO is cheaper with a 0.70% expense ratio, compared with 0.89% for DVXP.

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

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

What is the main difference between DVXP and NICO?

They also come from different issuers: WEBs and Hexis. Their fees differ too: 0.89% for DVXP and 0.70% for NICO.