FTWO vs. DVXE

Last updated Jun 24, 2026

FTWO (Strive Natural Resources and Security ETF) and DVXE (WEBs Energy XLE Defined Volatility ETF) are both Energy Equities funds - FTWO tracks the Bloomberg Natural Resources and Security Total Return Index while DVXE tracks the Syntax Defined Volatility XLE Index. Both are passively managed. At a 0.19 correlation, their price movements are largely independent. FTWO charges 0.49%/yr vs 0.89%/yr for DVXE.

Performance

FTWO vs. DVXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive Natural Resources and Security ETF (FTWO) 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, FTWO achieves a 7.77% return, which is significantly lower than DVXE's 34.11% return.

FTWO

• 1D: -1.31%
• 1M: -2.45%
• YTD: 7.77%
• 6M: 6.31%
• 1Y: 24.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DVXE

• 1D: 0.96%
• 1M: -8.86%
• YTD: 34.11%
• 6M: 35.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTWO vs. DVXE - Yearly Performance Comparison

	2026 (YTD)	2025
FTWO Strive Natural Resources and Security ETF	7.77%	12.88%
DVXE WEBs Energy XLE Defined Volatility ETF	34.11%	4.49%

Correlation

The correlation between FTWO and DVXE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.19

Return for Risk

FTWO vs. DVXE — Risk / Return Rank

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

FTWO

FTWO Risk / Return Rank: 37
FTWO Sharpe Ratio Rank: 40
FTWO Sortino Ratio Rank: 37
FTWO Omega Ratio Rank: 36
FTWO Calmar Ratio Rank: 36
FTWO Martin Ratio Rank: 35

DVXE

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.

FTWO vs. DVXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive Natural Resources and Security ETF (FTWO) 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.

	FTWO	DVXE	Difference
Sharpe ratio: Return per unit of total volatility	1.31	—	—
Sortino ratio: Return per unit of downside risk	1.83	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.68	—	—
Martin ratio: Return relative to average drawdown	4.88	—	—

Drawdowns

FTWO vs. DVXE - Drawdown Comparison

The maximum FTWO drawdown since its inception was -18.17%, smaller than the maximum DVXE drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for FTWO and DVXE.

Drawdown Indicators

	FTWO	DVXE	Difference
Max Drawdown Largest peak-to-trough decline	-18.17%	-20.56%	+2.39%
Max Drawdown (1Y) Largest decline over 1 year	-14.55%	—	—
Current Drawdown Current decline from peak	-11.75%	-18.58%	+6.83%
Average Drawdown Average peak-to-trough decline	-3.57%	-6.35%	+2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.00%	—	—

Volatility

Volatility by Period

	FTWO	DVXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.71%	31.12%	-12.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.31%	31.12%	-11.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.31%	31.12%	-11.81%

FTWO vs. DVXE - Expense Ratio Comparison

FTWO has a 0.49% expense ratio, which is lower than DVXE's 0.89% expense ratio.

Dividends

FTWO vs. DVXE - Dividend Comparison

FTWO's dividend yield for the trailing twelve months is around 1.04%, while DVXE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
DVXE WEBs Energy XLE Defined Volatility ETF	0.00%	0.00%	0.00%	0.00%
FTWO Strive Natural Resources and Security ETF	1.04%	1.02%	1.23%	0.59%

Frequently Asked Questions

Can I hold both FTWO and DVXE in my portfolio?

FTWO and DVXE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTWO or DVXE?

On fees, FTWO is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTWO or DVXE?

FTWO is cheaper with a 0.49% expense ratio, compared with 0.89% for DVXE.

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

FTWO has the higher dividend yield at 1.04%, compared with 0.00% for DVXE.

What is the main difference between FTWO and DVXE?

FTWO tracks Bloomberg Natural Resources and Security Total Return Index, while DVXE tracks Syntax Defined Volatility XLE Index. They also come from different issuers: Strive and WEBs. Their fees differ too: 0.49% for FTWO and 0.89% for DVXE.