DVXV vs. DVXF

Last updated Aug 1, 2026

DVXV (WEBs Health Care XLV Defined Volatility ETF) and DVXF (WEBs Financial XLF Defined Volatility ETF) are both exchange-traded funds - DVXV is a Health & Biotech Equities fund tracking the Syntax Defined Volatility XLV Index, while DVXF is a Financials Equities fund tracking the Syntax Defined Volatility XLF Index. Both are passively managed. Over the past year, DVXV returned 33.47% vs 18.04% for DVXF. Their 0.42 correlation means their historical movements had little consistent relationship. Both charge a 0.89% expense ratio.

Performance

DVXV vs. DVXF - 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 Financial XLF Defined Volatility ETF (DVXF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVXV achieves a 4.89% return, which is significantly lower than DVXF's 6.49% return.

DVXV

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

DVXF

• 1D: -0.15%
• 1M: 4.19%
• 6M: 12.72%
• YTD: 6.49%
• 1Y: 18.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.20%

*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)
DVXF WEBs Financial XLF Defined Volatility ETF	$28.66K	$29.28K	$15.70K
DVXV WEBs Health Care XLV Defined Volatility ETF	$1.42K	$1.10K	$2.54K

DVXV vs. DVXF - Yearly Performance Comparison

	2026 (YTD)	2025
DVXV WEBs Health Care XLV Defined Volatility ETF	4.89%	21.27%
DVXF WEBs Financial XLF Defined Volatility ETF	6.49%	5.63%

Correlation

The correlation between DVXV and DVXF 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

DVXV vs. DVXF — Risk / Return Rank

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

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

DVXF

DVXF Risk / Return Rank: 22
DVXF Sharpe Ratio Rank: 23
DVXF Sortino Ratio Rank: 23
DVXF Omega Ratio Rank: 23
DVXF Calmar Ratio Rank: 20
DVXF Martin Ratio Rank: 20

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.

DVXV vs. DVXF - 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 Financial XLF Defined Volatility ETF (DVXF). 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.

	DVXV	DVXF	Difference
Sharpe ratio: Return per unit of total volatility	1.62	0.50	+1.13
Sortino ratio: Return per unit of downside risk	2.56	0.85	+1.72
Omega ratio: Gain probability vs. loss probability	1.28	1.11	+0.18
Calmar ratio: Return relative to maximum drawdown	2.41	0.52	+1.89
Martin ratio: Return relative to average drawdown	5.60	1.22	+4.38

DVXV vs. DVXF - Sharpe Ratio Comparison

The current DVXV Sharpe Ratio is 1.62, which is higher than the DVXF Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of DVXV and DVXF, 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

DVXV vs. DVXF - Drawdown Comparison

The maximum DVXV drawdown since its inception was -14.36%, smaller than the maximum DVXF drawdown of -26.68%. Use the drawdown chart below to compare losses from any high point for DVXV and DVXF.

Drawdown Indicators

	DVXV	DVXF	Difference
Max Drawdown Largest peak-to-trough decline	-14.36%	-26.68%	+12.32%
Max Drawdown (1Y) Largest decline over 1 year	-14.36%	-26.68%	+12.32%
Current Drawdown Current decline from peak	-2.61%	-2.17%	-0.44%
Average Drawdown Average peak-to-trough decline	-4.58%	-8.83%	+4.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.16%	11.35%	-5.19%

Volatility

DVXV vs. DVXF - Volatility Comparison

The current volatility for WEBs Health Care XLV Defined Volatility ETF (DVXV) is 5.81%, while WEBs Financial XLF Defined Volatility ETF (DVXF) has a volatility of 7.81%. This indicates that DVXV experiences smaller price fluctuations and is considered to be less risky than DVXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVXV	DVXF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.81%	7.81%	-2.00%
Volatility (6M) Calculated over the trailing 6-month period	15.13%	20.37%	-5.24%
Volatility (1Y) Calculated over the trailing 1-year period	21.61%	27.99%	-6.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.42%	27.81%	-6.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.42%	27.81%	-6.39%

DVXV vs. DVXF - Expense Ratio Comparison

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

Dividends

DVXV vs. DVXF - Dividend Comparison

Neither DVXV nor DVXF has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DVXV and DVXF in my portfolio?

DVXV and DVXF 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, DVXV or DVXF?

DVXF has higher volatility (7.81%) compared to DVXV (5.81%). In terms of maximum drawdown, DVXV dropped -14.36% vs DVXF's -26.68%.

Which ETF is better, DVXV or DVXF?

On 1-year performance, DVXV leads with 33.47% vs 18.04% for DVXF. 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, DVXV or DVXF?

Over the 1-year period, DVXV has performed better with a 33.47% return vs 18.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVXV or DVXF?

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

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

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

What is the main difference between DVXV and DVXF?

DVXV is categorized as Health & Biotech Equities, while DVXF is Financials Equities. DVXV tracks Syntax Defined Volatility XLV Index, while DVXF tracks Syntax Defined Volatility XLF Index.

Which has better risk-adjusted returns?

DVXV currently has the higher Sharpe Ratio (1.62 vs 0.50), 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.