DVXV vs. DVXC

Last updated Jun 4, 2026

DVXV (WEBs Health Care XLV Defined Volatility ETF) and DVXC (WEBs Communication Services XLC Defined Volatility ETF) are both exchange-traded funds - DVXV is a Health & Biotech Equities fund tracking the Syntax Defined Volatility XLV Index, while DVXC is a Communications Equities fund tracking the Syntax Defined Volatility XLC Index. Both are passively managed. At a 0.29 correlation, their price movements are largely independent. Both charge a 0.89% expense ratio.

Performance

DVXV vs. DVXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Health Care XLV Defined Volatility ETF (DVXV) and WEBs Communication Services XLC Defined Volatility ETF (DVXC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVXV achieves a -6.26% return, which is significantly higher than DVXC's -13.47% return.

DVXV

• 1D: 1.22%
• 1M: 2.40%
• YTD: -6.26%
• 6M: -6.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DVXC

• 1D: -2.62%
• 1M: -7.35%
• YTD: -13.47%
• 6M: -9.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVXV vs. DVXC - Yearly Performance Comparison

	2026 (YTD)	2025
DVXV WEBs Health Care XLV Defined Volatility ETF	-6.26%	21.27%
DVXC WEBs Communication Services XLC Defined Volatility ETF	-13.47%	14.81%

Correlation

The correlation between DVXV and DVXC is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.29

Return for Risk

DVXV vs. DVXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Health Care XLV Defined Volatility ETF (DVXV) and WEBs Communication Services XLC Defined Volatility ETF (DVXC). 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

	DVXV	DVXC	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	-0.03	+0.78

Drawdowns

DVXV vs. DVXC - Drawdown Comparison

The maximum DVXV drawdown since its inception was -14.36%, smaller than the maximum DVXC drawdown of -21.52%. Use the drawdown chart below to compare losses from any high point for DVXV and DVXC.

Drawdown Indicators

	DVXV	DVXC	Difference
Max Drawdown Largest peak-to-trough decline	-14.36%	-21.52%	+7.16%
Current Drawdown Current decline from peak	-10.72%	-16.74%	+6.02%
Average Drawdown Average peak-to-trough decline	-4.79%	-6.90%	+2.11%

Volatility

Volatility by Period

	DVXV	DVXC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	21.33%	26.07%	-4.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.33%	26.07%	-4.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.33%	26.07%	-4.74%

DVXV vs. DVXC - Expense Ratio Comparison

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

Dividends

DVXV vs. DVXC - Dividend Comparison

Neither DVXV nor DVXC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DVXV and DVXC in my portfolio?

DVXV and DVXC have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DVXV or DVXC?

Both ETFs have the same 0.89% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXV or DVXC?

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

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

DVXV and DVXC have nearly identical dividend yields, around 0.00%.

What is the main difference between DVXV and DVXC?

DVXV is categorized as Health & Biotech Equities, while DVXC is Communications Equities. DVXV tracks Syntax Defined Volatility XLV Index, while DVXC tracks Syntax Defined Volatility XLC Index.