DVXP vs. PSL

Last updated Jun 4, 2026

DVXP (WEBs Consumer Staples XLP Defined Volatility ETF) and PSL (Invesco DWA Consumer Staples Momentum ETF) are both exchange-traded funds - DVXP is a Consumer Staples Equities fund tracking the Syntax Defined Volatility XLP Index, while PSL is a Momentum fund tracking the DWA Consumer Staples Technical Leaders Index. Both are passively managed. A 0.75 correlation means they provide meaningful diversification when combined. DVXP charges 0.89%/yr vs 0.60%/yr for PSL.

Performance

DVXP vs. PSL - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with DVXP having a 8.96% return and PSL slightly higher at 9.10%.

DVXP

• 1D: 0.56%
• 1M: -3.05%
• YTD: 8.96%
• 6M: 7.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PSL

• 1D: 0.57%
• 1M: -1.77%
• YTD: 9.10%
• 6M: 9.15%
• 1Y: -1.02%
• 3Y*: 9.29%
• 5Y*: 3.68%
• 10Y*: 7.88%

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

DVXP vs. PSL - Yearly Performance Comparison

	2026 (YTD)	2025
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	8.96%	-10.24%
PSL Invesco DWA Consumer Staples Momentum ETF	9.10%	-8.41%

Correlation

The correlation between DVXP and PSL is 0.75, 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 Jul 24, 2025	0.75

Return for Risk

DVXP vs. PSL — Risk / Return Rank

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

PSL

PSL Risk / Return Rank: 8
PSL Sharpe Ratio Rank: 8
PSL Sortino Ratio Rank: 7
PSL Omega Ratio Rank: 7
PSL Calmar Ratio Rank: 8
PSL Martin Ratio Rank: 8

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.

DVXP vs. PSL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Consumer Staples XLP Defined Volatility ETF (DVXP) and Invesco DWA Consumer Staples Momentum ETF (PSL). 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.

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

Sharpe Ratios by Period

	DVXP	PSL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.08	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.24	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	0.55	-0.67

Drawdowns

DVXP vs. PSL - Drawdown Comparison

The maximum DVXP drawdown since its inception was -16.36%, smaller than the maximum PSL drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for DVXP and PSL.

Drawdown Indicators

	DVXP	PSL	Difference
Max Drawdown Largest peak-to-trough decline	-16.36%	-41.58%	+25.22%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.64%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.64%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.35%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.67%	—
Current Drawdown Current decline from peak	-12.38%	-6.41%	-5.97%
Average Drawdown Average peak-to-trough decline	-8.26%	-5.82%	-2.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.09%	—

Volatility

Volatility by Period

	DVXP	PSL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.03%	12.80%	+8.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.03%	15.15%	+5.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.03%	16.50%	+4.53%

DVXP vs. PSL - Expense Ratio Comparison

DVXP has a 0.89% expense ratio, which is higher than PSL's 0.60% expense ratio.

Dividends

DVXP vs. PSL - Dividend Comparison

DVXP's dividend yield for the trailing twelve months is around 0.17%, less than PSL's 0.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	0.17%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSL Invesco DWA Consumer Staples Momentum ETF	0.84%	0.93%	0.60%	1.37%	1.98%	1.24%	0.80%	0.47%	0.75%	0.34%	2.08%	1.18%

Frequently Asked Questions

Can I hold both DVXP and PSL in my portfolio?

DVXP and PSL have a correlation of 0.75, 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 PSL?

On fees, PSL is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXP or PSL?

PSL is cheaper with a 0.60% expense ratio, compared with 0.89% for DVXP.

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

PSL has the higher dividend yield at 0.84%, compared with 0.17% for DVXP.

What is the main difference between DVXP and PSL?

DVXP is categorized as Consumer Staples Equities, while PSL is Momentum. DVXP tracks Syntax Defined Volatility XLP Index, while PSL tracks DWA Consumer Staples Technical Leaders Index. They also come from different issuers: WEBs and Invesco. Their fees differ too: 0.89% for DVXP and 0.60% for PSL.