DVXY vs. DVXC

Last updated Jun 4, 2026

DVXY (WEBs Consumer Discretionary XLY Defined Volatility ETF) and DVXC (WEBs Communication Services XLC Defined Volatility ETF) are both exchange-traded funds - DVXY is a Consumer Discretionary Equities fund tracking the Syntax Defined Volatility XLY Index, while DVXC is a Communications Equities fund tracking the Syntax Defined Volatility XLC Index. Both are passively managed. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.89% expense ratio.

Performance

DVXY vs. DVXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Consumer Discretionary XLY Defined Volatility ETF (DVXY) 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, DVXY achieves a -9.95% return, which is significantly higher than DVXC's -13.47% return.

DVXY

• 1D: -1.02%
• 1M: -2.07%
• YTD: -9.95%
• 6M: -11.49%
• 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)

DVXY vs. DVXC - Yearly Performance Comparison

	2026 (YTD)	2025
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF	-9.95%	1.26%
DVXC WEBs Communication Services XLC Defined Volatility ETF	-13.47%	14.81%

Correlation

The correlation between DVXY and DVXC is 0.61, 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	0.61

Return for Risk

DVXY vs. DVXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Consumer Discretionary XLY Defined Volatility ETF (DVXY) 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

	DVXY	DVXC	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.38	-0.03	-0.35

Drawdowns

DVXY vs. DVXC - Drawdown Comparison

The maximum DVXY drawdown since its inception was -23.09%, which is greater than DVXC's maximum drawdown of -21.52%. Use the drawdown chart below to compare losses from any high point for DVXY and DVXC.

Drawdown Indicators

	DVXY	DVXC	Difference
Max Drawdown Largest peak-to-trough decline	-23.09%	-21.52%	-1.57%
Current Drawdown Current decline from peak	-16.23%	-16.74%	+0.51%
Average Drawdown Average peak-to-trough decline	-7.81%	-6.90%	-0.91%

Volatility

Volatility by Period

	DVXY	DVXC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	26.97%	26.07%	+0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.97%	26.07%	+0.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.97%	26.07%	+0.90%

DVXY vs. DVXC - Expense Ratio Comparison

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

Dividends

DVXY vs. DVXC - Dividend Comparison

Neither DVXY nor DVXC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DVXY and DVXC in my portfolio?

DVXY and DVXC have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DVXY 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, DVXY or DVXC?

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

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

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

What is the main difference between DVXY and DVXC?

DVXY is categorized as Consumer Discretionary Equities, while DVXC is Communications Equities. DVXY tracks Syntax Defined Volatility XLY Index, while DVXC tracks Syntax Defined Volatility XLC Index.