DVXY vs. DVXC

Last updated Aug 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. Over the past year, DVXY returned -1.53% vs -1.67% for DVXC. Their 0.63 correlation means they have sometimes moved together and sometimes differently. 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 -11.23% return, which is significantly higher than DVXC's -18.07% return.

DVXY

• 1D: 1.68%
• 1M: -1.45%
• 6M: -13.53%
• YTD: -11.23%
• 1Y: -1.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -9.79%

DVXC

• 1D: 3.66%
• 1M: -0.38%
• 6M: -20.09%
• YTD: -18.07%
• 1Y: -1.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -4.83%

*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)
DVXC WEBs Communication Services XLC Defined Volatility ETF	$843.30	$2.11K	$2.04K
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF	$171.54	$494.96	$890.91

DVXY vs. DVXC - Yearly Performance Comparison

	2026 (YTD)	2025
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF	-11.23%	1.31%
DVXC WEBs Communication Services XLC Defined Volatility ETF	-18.07%	16.00%

Correlation

The correlation between DVXY and DVXC is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.63

The correlation between DVXY and DVXC has been stable across timeframes, ranging from 0.63 to 0.66 - a consistent structural relationship.

Return for Risk

DVXY vs. DVXC — Risk / Return Rank

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

DVXY

DVXY Risk / Return Rank: 10
DVXY Sharpe Ratio Rank: 10
DVXY Sortino Ratio Rank: 10
DVXY Omega Ratio Rank: 10
DVXY Calmar Ratio Rank: 10
DVXY Martin Ratio Rank: 9

DVXC

DVXC Risk / Return Rank: 10
DVXC Sharpe Ratio Rank: 10
DVXC Sortino Ratio Rank: 10
DVXC Omega Ratio Rank: 10
DVXC Calmar Ratio Rank: 10
DVXC Martin Ratio Rank: 9

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.

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.

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.

	DVXY	DVXC	Difference
Sharpe ratio: Return per unit of total volatility	-0.06	-0.06	0.00
Sortino ratio: Return per unit of downside risk	0.11	0.11	0.00
Omega ratio: Gain probability vs. loss probability	1.01	1.01	0.00
Calmar ratio: Return relative to maximum drawdown	-0.06	-0.06	0.00
Martin ratio: Return relative to average drawdown	-0.13	-0.15	+0.02

DVXY vs. DVXC - Sharpe Ratio Comparison

The current DVXY Sharpe Ratio is -0.06, which is comparable to the DVXC Sharpe Ratio of -0.06. The chart below compares the historical Sharpe Ratios of DVXY and DVXC, 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

DVXY vs. DVXC - Drawdown Comparison

The maximum DVXY drawdown since its inception was -24.30%, smaller than the maximum DVXC drawdown of -26.47%. 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	-24.30%	-26.47%	+2.17%
Max Drawdown (1Y) Largest decline over 1 year	-24.30%	-26.47%	+2.17%
Current Drawdown Current decline from peak	-17.42%	-21.17%	+3.75%
Average Drawdown Average peak-to-trough decline	-9.39%	-9.08%	-0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.72%	11.39%	+0.33%

Volatility

DVXY vs. DVXC - Volatility Comparison

The current volatility for WEBs Consumer Discretionary XLY Defined Volatility ETF (DVXY) is 9.36%, while WEBs Communication Services XLC Defined Volatility ETF (DVXC) has a volatility of 10.77%. This indicates that DVXY experiences smaller price fluctuations and is considered to be less risky than DVXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVXY	DVXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.36%	10.77%	-1.41%
Volatility (6M) Calculated over the trailing 6-month period	20.12%	21.58%	-1.46%
Volatility (1Y) Calculated over the trailing 1-year period	27.07%	27.86%	-0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.32%	27.78%	-0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.32%	27.78%	-0.46%

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 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVXY or DVXC?

DVXC has higher volatility (10.77%) compared to DVXY (9.36%). In terms of maximum drawdown, DVXY dropped -24.30% vs DVXC's -26.47%.

Which ETF is better, DVXY or DVXC?

On 1-year performance, DVXY leads with -1.53% vs -1.67% for DVXC. Both ETFs have the same 0.89% expense ratio. On volatility, DVXY has been the lower-risk option at 9.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVXY or DVXC?

Over the 1-year period, DVXY has performed better with a -1.53% return vs -1.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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.

Which has better risk-adjusted returns?

DVXY currently has the higher Sharpe Ratio (-0.06 vs -0.06), 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.