DVXY vs. XLYI

Last updated Jul 17, 2026

DVXY (WEBs Consumer Discretionary XLY Defined Volatility ETF) and XLYI (State Street Consumer Discretionary Select Sector SPDR Premium Income ETF) are both exchange-traded funds - DVXY is a Consumer Discretionary Equities fund tracking the Syntax Defined Volatility XLY Index, while XLYI is a Derivative Income fund actively managed by State Street. DVXY is passively managed, while XLYI is actively managed. With a 0.97 correlation, they move nearly in lockstep. DVXY charges 0.89%/yr vs 0.35%/yr for XLYI.

Performance

DVXY vs. XLYI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Consumer Discretionary XLY Defined Volatility ETF (DVXY) and State Street Consumer Discretionary Select Sector SPDR Premium Income ETF (XLYI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVXY achieves a -9.76% return, which is significantly lower than XLYI's 0.07% return.

DVXY

• 1D: 0.39%
• 1M: -1.01%
• 6M: -13.57%
• YTD: -9.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLYI

• 1D: 0.19%
• 1M: -0.24%
• 6M: -2.48%
• YTD: 0.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVXY vs. XLYI - Yearly Performance Comparison

	2026 (YTD)	2025
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF	-9.76%	3.25%
XLYI State Street Consumer Discretionary Select Sector SPDR Premium Income ETF	0.07%	5.63%

Correlation

The correlation between DVXY and XLYI is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.97

Return for Risk

DVXY vs. XLYI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Consumer Discretionary XLY Defined Volatility ETF (DVXY) and State Street Consumer Discretionary Select Sector SPDR Premium Income ETF (XLYI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

DVXY vs. XLYI - Drawdown Comparison

The maximum DVXY drawdown since its inception was -23.09%, which is greater than XLYI's maximum drawdown of -12.32%. Use the drawdown chart below to compare losses from any high point for DVXY and XLYI.

Drawdown Indicators

	DVXY	XLYI	Difference
Max Drawdown Largest peak-to-trough decline	-23.09%	-12.32%	-10.77%
Current Drawdown Current decline from peak	-16.05%	-3.50%	-12.55%
Average Drawdown Average peak-to-trough decline	-8.85%	-3.15%	-5.70%

Volatility

Volatility by Period

	DVXY	XLYI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	26.63%	15.65%	+10.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.63%	15.65%	+10.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.63%	15.65%	+10.98%

DVXY vs. XLYI - Expense Ratio Comparison

DVXY has a 0.89% expense ratio, which is higher than XLYI's 0.35% expense ratio.

Dividends

DVXY vs. XLYI - Dividend Comparison

DVXY has not paid dividends to shareholders, while XLYI's dividend yield for the trailing twelve months is around 14.74%.

Position	TTM	2025
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF	0.00%	0.00%
XLYI State Street Consumer Discretionary Select Sector SPDR Premium Income ETF	14.74%	6.76%

Frequently Asked Questions

Can I hold both DVXY and XLYI in my portfolio?

With a correlation of 0.97, DVXY and XLYI 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 XLYI?

On fees, XLYI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXY or XLYI?

XLYI is cheaper with a 0.35% expense ratio, compared with 0.89% for DVXY.

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

XLYI has the higher dividend yield at 14.74%, compared with 0.00% for DVXY.

What is the main difference between DVXY and XLYI?

DVXY is categorized as Consumer Discretionary Equities, while XLYI is Derivative Income. They also come from different issuers: WEBs and State Street. Their fees differ too: 0.89% for DVXY and 0.35% for XLYI.