FPWR vs. DVUT

Last updated Jun 26, 2026

FPWR (First Trust EIP Power Solutions ETF) and DVUT (WEBs Utilities XLU Defined Volatility ETF) are both Utilities Equities funds. FPWR is actively managed, while DVUT is passively managed. Their correlation of 0.86 suggests significant overlap in exposure. FPWR charges 0.96%/yr vs 0.89%/yr for DVUT.

Performance

FPWR vs. DVUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust EIP Power Solutions ETF (FPWR) and WEBs Utilities XLU Defined Volatility ETF (DVUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FPWR achieves a 15.51% return, which is significantly higher than DVUT's 9.93% return.

FPWR

• 1D: 1.03%
• 1M: 0.57%
• YTD: 15.51%
• 6M: 15.06%
• 1Y: 23.37%
• 3Y*: 18.32%
• 5Y*: 12.54%
• 10Y*: —

DVUT

• 1D: 0.90%
• 1M: 1.31%
• YTD: 9.93%
• 6M: 9.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FPWR vs. DVUT - Yearly Performance Comparison

	2026 (YTD)	2025
FPWR First Trust EIP Power Solutions ETF	15.51%	2.28%
DVUT WEBs Utilities XLU Defined Volatility ETF	9.93%	2.12%

Correlation

The correlation between FPWR and DVUT is 0.86, 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 23, 2025	0.86

Return for Risk

FPWR vs. DVUT — Risk / Return Rank

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

FPWR

FPWR Risk / Return Rank: 80
FPWR Sharpe Ratio Rank: 80
FPWR Sortino Ratio Rank: 83
FPWR Omega Ratio Rank: 75
FPWR Calmar Ratio Rank: 89
FPWR Martin Ratio Rank: 72

DVUT

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

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.

FPWR vs. DVUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust EIP Power Solutions ETF (FPWR) and WEBs Utilities XLU Defined Volatility ETF (DVUT). 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.

	FPWR	DVUT	Difference
Sharpe ratio: Return per unit of total volatility	2.24	—	—
Sortino ratio: Return per unit of downside risk	3.23	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	4.68	—	—
Martin ratio: Return relative to average drawdown	11.75	—	—

Drawdowns

FPWR vs. DVUT - Drawdown Comparison

The maximum FPWR drawdown since its inception was -32.28%, which is greater than DVUT's maximum drawdown of -18.27%. Use the drawdown chart below to compare losses from any high point for FPWR and DVUT.

Drawdown Indicators

	FPWR	DVUT	Difference
Max Drawdown Largest peak-to-trough decline	-32.28%	-18.27%	-14.01%
Max Drawdown (1Y) Largest decline over 1 year	-5.02%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.68%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.88%	—	—
Current Drawdown Current decline from peak	-0.76%	-8.01%	+7.25%
Average Drawdown Average peak-to-trough decline	-4.97%	-7.86%	+2.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	—	—

Volatility

Volatility by Period

	FPWR	DVUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.57%	26.18%	-15.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.21%	26.18%	-11.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	26.18%	-8.83%

FPWR vs. DVUT - Expense Ratio Comparison

FPWR has a 0.96% expense ratio, which is higher than DVUT's 0.89% expense ratio.

Dividends

FPWR vs. DVUT - Dividend Comparison

FPWR's dividend yield for the trailing twelve months is around 2.26%, while DVUT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DVUT WEBs Utilities XLU Defined Volatility ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FPWR First Trust EIP Power Solutions ETF	1.89%	1.97%	2.52%	2.54%	1.72%	1.66%	1.68%	0.71%

Frequently Asked Questions

Can I hold both FPWR and DVUT in my portfolio?

FPWR and DVUT have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FPWR or DVUT?

On fees, DVUT is cheaper at 0.89% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FPWR or DVUT?

DVUT is cheaper with a 0.89% expense ratio, compared with 0.96% for FPWR.

Which ETF pays a higher dividend yield, FPWR or DVUT?

FPWR has the higher dividend yield at 2.26%, compared with 0.00% for DVUT.

What is the main difference between FPWR and DVUT?

They also come from different issuers: First Trust and WEBs. Their fees differ too: 0.96% for FPWR and 0.89% for DVUT.