EINC vs. DVXE

Last updated Aug 4, 2026

EINC (VanEck Energy Income ETF) and DVXE (WEBs Energy XLE Defined Volatility ETF) are both Energy Equities funds - EINC tracks the MVIS North America Energy Infrastructure Index while DVXE tracks the Syntax Defined Volatility XLE Index. Both are passively managed. Over the past year, EINC returned 29.08% vs 57.20% for DVXE. Their 0.66 correlation means they have sometimes moved together and sometimes differently. EINC charges 0.46%/yr vs 0.89%/yr for DVXE.

Performance

EINC vs. DVXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Energy Income ETF (EINC) and WEBs Energy XLE Defined Volatility ETF (DVXE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EINC achieves a 27.20% return, which is significantly lower than DVXE's 46.78% return.

EINC

• 1D: -1.08%
• 1M: 2.56%
• 6M: 20.49%
• YTD: 27.20%
• 1Y: 29.08%
• 3Y*: 27.42%
• 5Y*: 22.70%
• 10Y*: 11.27%
• ALL TIME*: 0.99%

DVXE

• 1D: -2.54%
• 1M: 12.73%
• 6M: 26.71%
• YTD: 46.78%
• 1Y: 57.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 51.50%

*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)
DVXE WEBs Energy XLE Defined Volatility ETF	$11.25K	$12.70K	$16.35K
EINC VanEck Energy Income ETF	$731.46K	$2.80M	$2.24M

EINC vs. DVXE - Yearly Performance Comparison

	2026 (YTD)	2025
EINC VanEck Energy Income ETF	27.20%	4.15%
DVXE WEBs Energy XLE Defined Volatility ETF	46.78%	4.49%

Correlation

The correlation between EINC and DVXE is 0.67, 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.	0.67
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.66

The correlation between EINC and DVXE has been stable across timeframes, ranging from 0.66 to 0.67 - a consistent structural relationship.

Return for Risk

EINC vs. DVXE — Risk / Return Rank

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

EINC

EINC Risk / Return Rank: 79
EINC Sharpe Ratio Rank: 80
EINC Sortino Ratio Rank: 77
EINC Omega Ratio Rank: 77
EINC Calmar Ratio Rank: 88
EINC Martin Ratio Rank: 71

DVXE

DVXE Risk / Return Rank: 64
DVXE Sharpe Ratio Rank: 74
DVXE Sortino Ratio Rank: 64
DVXE Omega Ratio Rank: 62
DVXE Calmar Ratio Rank: 69
DVXE Martin Ratio Rank: 49

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.

EINC vs. DVXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Energy Income ETF (EINC) and WEBs Energy XLE Defined Volatility ETF (DVXE). 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.

	EINC	DVXE	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.86	+0.03
Sortino ratio: Return per unit of downside risk	2.58	2.34	+0.24
Omega ratio: Gain probability vs. loss probability	1.33	1.29	+0.04
Calmar ratio: Return relative to maximum drawdown	3.70	2.63	+1.07
Martin ratio: Return relative to average drawdown	9.02	6.13	+2.89

EINC vs. DVXE - Sharpe Ratio Comparison

The current EINC Sharpe Ratio is 1.89, which is comparable to the DVXE Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of EINC and DVXE, 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

EINC vs. DVXE - Drawdown Comparison

The maximum EINC drawdown since its inception was -87.55%, which is greater than DVXE's maximum drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for EINC and DVXE.

Drawdown Indicators

	EINC	DVXE	Difference
Max Drawdown Largest peak-to-trough decline	-87.55%	-21.83%	-65.72%
Max Drawdown (1Y) Largest decline over 1 year	-7.89%	-21.83%	+13.94%
Max Drawdown (3Y) Largest decline over 3 years	-16.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.87%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-68.85%	—	—
Current Drawdown Current decline from peak	-3.57%	-10.89%	+7.32%
Average Drawdown Average peak-to-trough decline	-43.83%	-7.26%	-36.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	9.35%	-6.12%

Volatility

EINC vs. DVXE - Volatility Comparison

The current volatility for VanEck Energy Income ETF (EINC) is 5.70%, while WEBs Energy XLE Defined Volatility ETF (DVXE) has a volatility of 8.92%. This indicates that EINC experiences smaller price fluctuations and is considered to be less risky than DVXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EINC	DVXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.70%	8.92%	-3.22%
Volatility (6M) Calculated over the trailing 6-month period	12.69%	22.51%	-9.82%
Volatility (1Y) Calculated over the trailing 1-year period	15.47%	30.90%	-15.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.49%	30.84%	-11.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.33%	30.84%	-5.51%

EINC vs. DVXE - Expense Ratio Comparison

EINC has a 0.46% expense ratio, which is lower than DVXE's 0.89% expense ratio.

Dividends

EINC vs. DVXE - Dividend Comparison

EINC's dividend yield for the trailing twelve months is around 4.23%, while DVXE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVXE WEBs Energy XLE 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%
EINC VanEck Energy Income ETF	4.23%	4.51%	3.33%	3.77%	2.89%	6.03%	6.69%	9.66%	11.31%	8.53%	9.71%	28.53%

Frequently Asked Questions

Can I hold both EINC and DVXE in my portfolio?

EINC and DVXE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EINC or DVXE?

DVXE has higher volatility (8.92%) compared to EINC (5.70%). In terms of maximum drawdown, EINC dropped -87.55% vs DVXE's -21.83%.

Which ETF is better, EINC or DVXE?

On 1-year performance, DVXE leads with 57.20% vs 29.08% for EINC. On fees, EINC is cheaper at 0.46% per year. On volatility, EINC has been the lower-risk option at 5.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EINC or DVXE?

Over the 1-year period, DVXE has performed better with a 57.20% return vs 29.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EINC or DVXE?

EINC is cheaper with a 0.46% expense ratio, compared with 0.89% for DVXE.

Which ETF pays a higher dividend yield, EINC or DVXE?

EINC has the higher dividend yield at 4.23%, compared with 0.00% for DVXE.

What is the main difference between EINC and DVXE?

EINC tracks MVIS North America Energy Infrastructure Index, while DVXE tracks Syntax Defined Volatility XLE Index. They also come from different issuers: VanEck and WEBs. Their fees differ too: 0.46% for EINC and 0.89% for DVXE.

Which has better risk-adjusted returns?

EINC currently has the higher Sharpe Ratio (1.89 vs 1.86), 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.