DVXV vs. PBPH

Last updated Jun 4, 2026

DVXV (WEBs Health Care XLV Defined Volatility ETF) and PBPH (Portfolio Building Block World Pharma and Biotech Index ETF) are both Health & Biotech Equities funds - DVXV tracks the Syntax Defined Volatility XLV Index while PBPH tracks the BITA Global Pharma and Biotech Select Index. Both are passively managed. Their correlation of 0.87 suggests significant overlap in exposure. DVXV charges 0.89%/yr vs 0.13%/yr for PBPH.

Performance

DVXV vs. PBPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Health Care XLV Defined Volatility ETF (DVXV) and Portfolio Building Block World Pharma and Biotech Index ETF (PBPH). 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 lower than PBPH's -1.13% return.

DVXV

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

PBPH

• 1D: 0.58%
• 1M: 0.07%
• YTD: -1.13%
• 6M: -0.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVXV vs. PBPH - Yearly Performance Comparison

	2026 (YTD)	2025
DVXV WEBs Health Care XLV Defined Volatility ETF	-6.26%	-3.66%
PBPH Portfolio Building Block World Pharma and Biotech Index ETF	-1.13%	0.76%

Correlation

The correlation between DVXV and PBPH is 0.87, 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 Nov 26, 2025	0.87

Return for Risk

DVXV vs. PBPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Health Care XLV Defined Volatility ETF (DVXV) and Portfolio Building Block World Pharma and Biotech Index ETF (PBPH). 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	PBPH	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	-0.04	+0.80

Drawdowns

DVXV vs. PBPH - Drawdown Comparison

The maximum DVXV drawdown since its inception was -14.36%, which is greater than PBPH's maximum drawdown of -11.10%. Use the drawdown chart below to compare losses from any high point for DVXV and PBPH.

Drawdown Indicators

	DVXV	PBPH	Difference
Max Drawdown Largest peak-to-trough decline	-14.36%	-11.10%	-3.26%
Current Drawdown Current decline from peak	-10.72%	-8.69%	-2.03%
Average Drawdown Average peak-to-trough decline	-4.79%	-4.23%	-0.56%

Volatility

Volatility by Period

	DVXV	PBPH	Difference
Volatility (1Y) Calculated over the trailing 1-year period	21.33%	16.78%	+4.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.33%	16.78%	+4.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.33%	16.78%	+4.55%

DVXV vs. PBPH - Expense Ratio Comparison

DVXV has a 0.89% expense ratio, which is higher than PBPH's 0.13% expense ratio.

Dividends

DVXV vs. PBPH - Dividend Comparison

DVXV has not paid dividends to shareholders, while PBPH's dividend yield for the trailing twelve months is around 0.09%.

Position	TTM	2025
DVXV WEBs Health Care XLV Defined Volatility ETF	0.00%	0.00%
PBPH Portfolio Building Block World Pharma and Biotech Index ETF	0.09%	0.09%

Frequently Asked Questions

Can I hold both DVXV and PBPH in my portfolio?

DVXV and PBPH have a correlation of 0.87, 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 PBPH?

On fees, PBPH is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXV or PBPH?

PBPH is cheaper with a 0.13% expense ratio, compared with 0.89% for DVXV.

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

PBPH has the higher dividend yield at 0.09%, compared with 0.00% for DVXV.

What is the main difference between DVXV and PBPH?

DVXV tracks Syntax Defined Volatility XLV Index, while PBPH tracks BITA Global Pharma and Biotech Select Index. They also come from different issuers: WEBs and Portfolio Building Block. Their fees differ too: 0.89% for DVXV and 0.13% for PBPH.