DVXY vs. IYC

Last updated Jun 4, 2026

DVXY (WEBs Consumer Discretionary XLY Defined Volatility ETF) and IYC (iShares U.S. Consumer Discretionary ETF) are both Consumer Discretionary Equities funds - DVXY tracks the Syntax Defined Volatility XLY Index while IYC tracks the Dow Jones U.S. Consumer Services Index. Both are passively managed. Their correlation of 0.93 suggests significant overlap in exposure. DVXY charges 0.89%/yr vs 0.38%/yr for IYC.

Performance

DVXY vs. IYC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Consumer Discretionary XLY Defined Volatility ETF (DVXY) and iShares U.S. Consumer Discretionary ETF (IYC). 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 lower than IYC's -2.72% return.

DVXY

• 1D: -1.02%
• 1M: -2.07%
• YTD: -9.95%
• 6M: -11.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IYC

• 1D: -0.53%
• 1M: -1.30%
• YTD: -2.72%
• 6M: -2.86%
• 1Y: 3.35%
• 3Y*: 15.36%
• 5Y*: 6.29%
• 10Y*: 11.49%

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

DVXY vs. IYC - Yearly Performance Comparison

	2026 (YTD)	2025
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF	-9.95%	1.26%
IYC iShares U.S. Consumer Discretionary ETF	-2.72%	1.51%

Correlation

The correlation between DVXY and IYC is 0.93, 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 Jul 24, 2025	0.93

Return for Risk

DVXY vs. IYC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IYC

IYC Risk / Return Rank: 12
IYC Sharpe Ratio Rank: 12
IYC Sortino Ratio Rank: 11
IYC Omega Ratio Rank: 11
IYC Calmar Ratio Rank: 12
IYC Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DVXY vs. IYC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Consumer Discretionary XLY Defined Volatility ETF (DVXY) and iShares U.S. Consumer Discretionary ETF (IYC). 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	IYC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.24	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.31	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.38	0.42	-0.79

Drawdowns

DVXY vs. IYC - Drawdown Comparison

The maximum DVXY drawdown since its inception was -23.09%, smaller than the maximum IYC drawdown of -53.10%. Use the drawdown chart below to compare losses from any high point for DVXY and IYC.

Drawdown Indicators

	DVXY	IYC	Difference
Max Drawdown Largest peak-to-trough decline	-23.09%	-53.10%	+30.01%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.97%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.62%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.90%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.90%	—
Current Drawdown Current decline from peak	-16.23%	-6.39%	-9.84%
Average Drawdown Average peak-to-trough decline	-7.81%	-9.95%	+2.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.95%	—

Volatility

Volatility by Period

	DVXY	IYC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.97%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	26.97%	14.32%	+12.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.97%	20.73%	+6.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.97%	19.89%	+7.08%

DVXY vs. IYC - Expense Ratio Comparison

DVXY has a 0.89% expense ratio, which is higher than IYC's 0.38% expense ratio.

Dividends

DVXY vs. IYC - Dividend Comparison

DVXY has not paid dividends to shareholders, while IYC's dividend yield for the trailing twelve months is around 0.51%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IYC iShares U.S. Consumer Discretionary ETF	0.51%	0.51%	0.47%	0.68%	0.68%	0.39%	0.65%	0.89%	0.90%	0.92%	1.10%	1.03%

Frequently Asked Questions

Can I hold both DVXY and IYC in my portfolio?

With a correlation of 0.93, DVXY and IYC 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 ETF is better, DVXY or IYC?

On fees, IYC is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXY or IYC?

IYC is cheaper with a 0.38% expense ratio, compared with 0.89% for DVXY.

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

IYC has the higher dividend yield at 0.51%, compared with 0.00% for DVXY.

What is the main difference between DVXY and IYC?

DVXY tracks Syntax Defined Volatility XLY Index, while IYC tracks Dow Jones U.S. Consumer Services Index. They also come from different issuers: WEBs and iShares. Their fees differ too: 0.89% for DVXY and 0.38% for IYC.