DVXY vs. GXPD

Last updated Aug 4, 2026

DVXY (WEBs Consumer Discretionary XLY Defined Volatility ETF) and GXPD (Global X PureCap MSCI Consumer Discretionary ETF) are both Consumer Discretionary Equities funds - DVXY tracks the Syntax Defined Volatility XLY Index while GXPD tracks the MSCI USA Consumer Discretionary PureCap Index. Both are passively managed. Over the past year, DVXY returned -1.53% vs 13.18% for GXPD. Their 0.97 correlation means they have historically moved very closely together. DVXY charges 0.89%/yr vs 0.15%/yr for GXPD.

Performance

DVXY vs. GXPD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Consumer Discretionary XLY Defined Volatility ETF (DVXY) and Global X PureCap MSCI Consumer Discretionary ETF (GXPD). 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 lower than GXPD's 2.35% return.

DVXY

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

GXPD

• 1D: 2.58%
• 1M: 3.48%
• 6M: -0.02%
• YTD: 2.35%
• 1Y: 13.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.61%

*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)
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF	$171.54	$494.96	$890.91
GXPD Global X PureCap MSCI Consumer Discretionary ETF	$3.93M	$2.16M	$1.74M

DVXY vs. GXPD - Yearly Performance Comparison

	2026 (YTD)	2025
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF	-11.23%	1.31%
GXPD Global X PureCap MSCI Consumer Discretionary ETF	2.35%	5.36%

Correlation

The correlation between DVXY and GXPD is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.97

The correlation between DVXY and GXPD has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

Return for Risk

DVXY vs. GXPD — 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

GXPD

GXPD Risk / Return Rank: 25
GXPD Sharpe Ratio Rank: 25
GXPD Sortino Ratio Rank: 25
GXPD Omega Ratio Rank: 25
GXPD Calmar Ratio Rank: 25
GXPD Martin Ratio Rank: 26

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. GXPD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Consumer Discretionary XLY Defined Volatility ETF (DVXY) and Global X PureCap MSCI Consumer Discretionary ETF (GXPD). 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	GXPD	Difference
Sharpe ratio: Return per unit of total volatility	-0.06	0.61	-0.67
Sortino ratio: Return per unit of downside risk	0.11	1.00	-0.89
Omega ratio: Gain probability vs. loss probability	1.01	1.12	-0.11
Calmar ratio: Return relative to maximum drawdown	-0.06	0.80	-0.86
Martin ratio: Return relative to average drawdown	-0.13	2.15	-2.28

DVXY vs. GXPD - Sharpe Ratio Comparison

The current DVXY Sharpe Ratio is -0.06, which is lower than the GXPD Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of DVXY and GXPD, 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. GXPD - Drawdown Comparison

The maximum DVXY drawdown since its inception was -24.30%, which is greater than GXPD's maximum drawdown of -16.61%. Use the drawdown chart below to compare losses from any high point for DVXY and GXPD.

Drawdown Indicators

	DVXY	GXPD	Difference
Max Drawdown Largest peak-to-trough decline	-24.30%	-16.61%	-7.69%
Max Drawdown (1Y) Largest decline over 1 year	-24.30%	-16.61%	-7.69%
Current Drawdown Current decline from peak	-17.42%	-2.41%	-15.01%
Average Drawdown Average peak-to-trough decline	-9.39%	-4.70%	-4.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.72%	6.14%	+5.58%

Volatility

DVXY vs. GXPD - Volatility Comparison

WEBs Consumer Discretionary XLY Defined Volatility ETF (DVXY) and Global X PureCap MSCI Consumer Discretionary ETF (GXPD) have volatilities of 9.36% and 9.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVXY	GXPD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.36%	9.39%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	20.12%	16.95%	+3.17%
Volatility (1Y) Calculated over the trailing 1-year period	27.07%	21.66%	+5.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.32%	21.66%	+5.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.32%	21.66%	+5.66%

DVXY vs. GXPD - Expense Ratio Comparison

DVXY has a 0.89% expense ratio, which is higher than GXPD's 0.15% expense ratio.

Dividends

DVXY vs. GXPD - Dividend Comparison

DVXY has not paid dividends to shareholders, while GXPD's dividend yield for the trailing twelve months is around 0.33%.

Position	TTM	2025
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF	0.00%	0.00%
GXPD Global X PureCap MSCI Consumer Discretionary ETF	0.33%	0.19%

Frequently Asked Questions

Can I hold both DVXY and GXPD in my portfolio?

With a correlation of 0.97, DVXY and GXPD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DVXY or GXPD?

GXPD has higher volatility (9.39%) compared to DVXY (9.36%). In terms of maximum drawdown, DVXY dropped -24.30% vs GXPD's -16.61%.

Which ETF is better, DVXY or GXPD?

On 1-year performance, GXPD leads with 13.18% vs -1.53% for DVXY. On fees, GXPD is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVXY or GXPD?

Over the 1-year period, GXPD has performed better with a 13.18% return vs -1.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVXY or GXPD?

GXPD is cheaper with a 0.15% expense ratio, compared with 0.89% for DVXY.

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

GXPD has the higher dividend yield at 0.33%, compared with 0.00% for DVXY.

What is the main difference between DVXY and GXPD?

DVXY tracks Syntax Defined Volatility XLY Index, while GXPD tracks MSCI USA Consumer Discretionary PureCap Index. They also come from different issuers: WEBs and Global X. Their fees differ too: 0.89% for DVXY and 0.15% for GXPD.

Which has better risk-adjusted returns?

GXPD currently has the higher Sharpe Ratio (0.61 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.