DVXY vs. DVXF

Last updated Aug 1, 2026

DVXY (WEBs Consumer Discretionary XLY Defined Volatility ETF) and DVXF (WEBs Financial XLF Defined Volatility ETF) are both exchange-traded funds - DVXY is a Consumer Discretionary Equities fund tracking the Syntax Defined Volatility XLY Index, while DVXF is a Financials Equities fund tracking the Syntax Defined Volatility XLF Index. Both are passively managed. Over the past year, DVXY returned -3.16% vs 18.04% for DVXF. Their 0.49 correlation means their historical movements had little consistent relationship. Both charge a 0.89% expense ratio.

Performance

DVXY vs. DVXF - 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 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, DVXY achieves a -12.70% return, which is significantly lower than DVXF's 6.49% return.

DVXY

• 1D: 3.83%
• 1M: -3.09%
• 6M: -14.07%
• YTD: -12.70%
• 1Y: -3.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -11.33%

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
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF	$169.08	$603.38	$908.50

DVXY vs. DVXF - Yearly Performance Comparison

	2026 (YTD)	2025
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF	-12.70%	1.31%
DVXF WEBs Financial XLF Defined Volatility ETF	6.49%	5.63%

Correlation

The correlation between DVXY and DVXF is 0.50, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.50
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.49

Return for Risk

DVXY vs. DVXF — Risk / Return Rank

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

DVXY

DVXY Risk / Return Rank: 7
DVXY Sharpe Ratio Rank: 7
DVXY Sortino Ratio Rank: 7
DVXY Omega Ratio Rank: 8
DVXY Calmar Ratio Rank: 7
DVXY Martin Ratio Rank: 7

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.

DVXY vs. DVXF - 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 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.

	DVXY	DVXF	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	0.50	-0.77
Sortino ratio: Return per unit of downside risk	-0.20	0.85	-1.04
Omega ratio: Gain probability vs. loss probability	0.98	1.11	-0.13
Calmar ratio: Return relative to maximum drawdown	-0.31	0.52	-0.83
Martin ratio: Return relative to average drawdown	-0.64	1.22	-1.86

DVXY vs. DVXF - Sharpe Ratio Comparison

The current DVXY Sharpe Ratio is -0.27, which is lower than the DVXF Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of DVXY 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

DVXY vs. DVXF - Drawdown Comparison

The maximum DVXY drawdown since its inception was -24.30%, smaller than the maximum DVXF drawdown of -26.68%. Use the drawdown chart below to compare losses from any high point for DVXY and DVXF.

Drawdown Indicators

	DVXY	DVXF	Difference
Max Drawdown Largest peak-to-trough decline	-24.30%	-26.68%	+2.38%
Max Drawdown (1Y) Largest decline over 1 year	-24.30%	-26.68%	+2.38%
Current Drawdown Current decline from peak	-18.78%	-2.17%	-16.61%
Average Drawdown Average peak-to-trough decline	-9.36%	-8.83%	-0.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.68%	11.35%	+0.33%

Volatility

DVXY vs. DVXF - Volatility Comparison

WEBs Consumer Discretionary XLY Defined Volatility ETF (DVXY) has a higher volatility of 9.20% compared to WEBs Financial XLF Defined Volatility ETF (DVXF) at 7.81%. This indicates that DVXY's price experiences larger fluctuations and is considered to be riskier than DVXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVXY	DVXF	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.20%	7.81%	+1.39%
Volatility (6M) Calculated over the trailing 6-month period	20.04%	20.37%	-0.33%
Volatility (1Y) Calculated over the trailing 1-year period	27.36%	27.99%	-0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.32%	27.81%	-0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.32%	27.81%	-0.49%

DVXY vs. DVXF - Expense Ratio Comparison

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

Dividends

DVXY vs. DVXF - Dividend Comparison

Neither DVXY nor DVXF has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DVXY and DVXF in my portfolio?

DVXY and DVXF have a correlation of 0.50, 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 DVXF?

DVXY has higher volatility (9.20%) compared to DVXF (7.81%). In terms of maximum drawdown, DVXY dropped -24.30% vs DVXF's -26.68%.

Which ETF is better, DVXY or DVXF?

On 1-year performance, DVXF leads with 18.04% vs -3.16% for DVXY. Both ETFs have the same 0.89% expense ratio. On volatility, DVXF has been the lower-risk option at 7.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVXY or DVXF?

Over the 1-year period, DVXF has performed better with a 18.04% return vs -3.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVXY or DVXF?

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

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

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

What is the main difference between DVXY and DVXF?

DVXY is categorized as Consumer Discretionary Equities, while DVXF is Financials Equities. DVXY tracks Syntax Defined Volatility XLY Index, while DVXF tracks Syntax Defined Volatility XLF Index.

Which has better risk-adjusted returns?

DVXF currently has the higher Sharpe Ratio (0.50 vs -0.27), 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.