DVXV vs. IHE

Last updated Jun 25, 2026

DVXV (WEBs Health Care XLV Defined Volatility ETF) and IHE (iShares U.S. Pharmaceuticals ETF) are both Health & Biotech Equities funds - DVXV tracks the Syntax Defined Volatility XLV Index while IHE tracks the Dow Jones U.S. Select Pharmaceuticals Index. Both are passively managed. Their correlation of 0.85 suggests significant overlap in exposure. DVXV charges 0.89%/yr vs 0.42%/yr for IHE.

Performance

DVXV vs. IHE - Performance Comparison

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

Returns By Period

In the year-to-date period, DVXV achieves a -1.06% return, which is significantly lower than IHE's 12.79% return.

DVXV

• 1D: 0.77%
• 1M: 3.03%
• YTD: -1.06%
• 6M: -2.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IHE

• 1D: 1.02%
• 1M: 4.21%
• YTD: 12.79%
• 6M: 10.98%
• 1Y: 46.77%
• 3Y*: 18.84%
• 5Y*: 10.64%
• 10Y*: 9.10%

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

DVXV vs. IHE - Yearly Performance Comparison

	2026 (YTD)	2025
DVXV WEBs Health Care XLV Defined Volatility ETF	-1.06%	21.27%
IHE iShares U.S. Pharmaceuticals ETF	12.79%	26.11%

Correlation

The correlation between DVXV and IHE is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.85

Return for Risk

DVXV vs. IHE — Risk / Return Rank

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

DVXV

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

IHE

IHE Risk / Return Rank: 89
IHE Sharpe Ratio Rank: 90
IHE Sortino Ratio Rank: 92
IHE Omega Ratio Rank: 85
IHE Calmar Ratio Rank: 92
IHE Martin Ratio Rank: 88

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.

DVXV vs. IHE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Health Care XLV Defined Volatility ETF (DVXV) and iShares U.S. Pharmaceuticals ETF (IHE). 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	IHE	Difference
Sharpe ratio: Return per unit of total volatility	—	2.73	—
Sortino ratio: Return per unit of downside risk	—	3.94	—
Omega ratio: Gain probability vs. loss probability	—	1.46	—
Calmar ratio: Return relative to maximum drawdown	—	5.55	—
Martin ratio: Return relative to average drawdown	—	17.05	—

Drawdowns

DVXV vs. IHE - Drawdown Comparison

The maximum DVXV drawdown since its inception was -14.36%, smaller than the maximum IHE drawdown of -38.20%. Use the drawdown chart below to compare losses from any high point for DVXV and IHE.

Drawdown Indicators

	DVXV	IHE	Difference
Max Drawdown Largest peak-to-trough decline	-14.36%	-38.20%	+23.84%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.47%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.03%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-29.59%	—
Current Drawdown Current decline from peak	-5.77%	0.00%	-5.77%
Average Drawdown Average peak-to-trough decline	-4.87%	-7.90%	+3.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.75%	—

Volatility

Volatility by Period

	DVXV	IHE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.41%	17.24%	+4.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.41%	16.28%	+5.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.41%	18.04%	+3.37%

DVXV vs. IHE - Expense Ratio Comparison

DVXV has a 0.89% expense ratio, which is higher than IHE's 0.42% expense ratio.

Dividends

DVXV vs. IHE - Dividend Comparison

DVXV has not paid dividends to shareholders, while IHE's dividend yield for the trailing twelve months is around 1.54%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVXV WEBs Health Care XLV Defined Volatility ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IHE iShares U.S. Pharmaceuticals ETF	1.54%	1.76%	1.73%	1.39%	2.01%	1.49%	1.19%	1.40%	1.25%	1.36%	0.92%	1.93%

Frequently Asked Questions

Can I hold both DVXV and IHE in my portfolio?

DVXV and IHE have a correlation of 0.85, 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 IHE?

On fees, IHE is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXV or IHE?

IHE is cheaper with a 0.42% expense ratio, compared with 0.89% for DVXV.

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

IHE has the higher dividend yield at 1.54%, compared with 0.00% for DVXV.

What is the main difference between DVXV and IHE?

DVXV tracks Syntax Defined Volatility XLV Index, while IHE tracks Dow Jones U.S. Select Pharmaceuticals Index. They also come from different issuers: WEBs and iShares. Their fees differ too: 0.89% for DVXV and 0.42% for IHE.