GXPD vs. DVXY

Last updated Jun 23, 2026

GXPD (Global X PureCap MSCI Consumer Discretionary ETF) and DVXY (WEBs Consumer Discretionary XLY Defined Volatility ETF) are both Consumer Discretionary Equities funds - GXPD tracks the MSCI USA Consumer Discretionary PureCap Index while DVXY tracks the Syntax Defined Volatility XLY Index. Both are passively managed. With a 0.97 correlation, they move nearly in lockstep. GXPD charges 0.15%/yr vs 0.89%/yr for DVXY.

Performance

GXPD vs. DVXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X PureCap MSCI Consumer Discretionary ETF (GXPD) and WEBs Consumer Discretionary XLY Defined Volatility ETF (DVXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GXPD achieves a -3.65% return, which is significantly higher than DVXY's -11.78% return.

GXPD

• 1D: -2.25%
• 1M: -5.65%
• YTD: -3.65%
• 6M: -5.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DVXY

• 1D: -1.93%
• 1M: -5.13%
• YTD: -11.78%
• 6M: -16.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GXPD vs. DVXY - Yearly Performance Comparison

	2026 (YTD)	2025
GXPD Global X PureCap MSCI Consumer Discretionary ETF	-3.65%	5.36%
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF	-11.78%	1.31%

Correlation

The correlation between GXPD and DVXY 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 23, 2025	0.97

Return for Risk

GXPD vs. DVXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Consumer Discretionary ETF (GXPD) and WEBs Consumer Discretionary XLY Defined Volatility ETF (DVXY). 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

GXPD vs. DVXY - Drawdown Comparison

The maximum GXPD drawdown since its inception was -16.61%, smaller than the maximum DVXY drawdown of -23.09%. Use the drawdown chart below to compare losses from any high point for GXPD and DVXY.

Drawdown Indicators

	GXPD	DVXY	Difference
Max Drawdown Largest peak-to-trough decline	-16.61%	-23.09%	+6.48%
Current Drawdown Current decline from peak	-8.13%	-17.93%	+9.80%
Average Drawdown Average peak-to-trough decline	-4.38%	-8.25%	+3.87%

Volatility

Volatility by Period

	GXPD	DVXY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	20.41%	27.13%	-6.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.41%	27.13%	-6.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.41%	27.13%	-6.72%

GXPD vs. DVXY - Expense Ratio Comparison

GXPD has a 0.15% expense ratio, which is lower than DVXY's 0.89% expense ratio.

Dividends

GXPD vs. DVXY - Dividend Comparison

GXPD's dividend yield for the trailing twelve months is around 0.20%, while DVXY has not paid dividends to shareholders.

Position	TTM	2025
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF	0.00%	0.00%
GXPD Global X PureCap MSCI Consumer Discretionary ETF	0.20%	0.19%

Frequently Asked Questions

Can I hold both GXPD and DVXY in my portfolio?

With a correlation of 0.97, GXPD and DVXY 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, GXPD or DVXY?

On fees, GXPD is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GXPD or DVXY?

GXPD is cheaper with a 0.15% expense ratio, compared with 0.89% for DVXY.

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

GXPD has the higher dividend yield at 0.20%, compared with 0.00% for DVXY.

What is the main difference between GXPD and DVXY?

GXPD tracks MSCI USA Consumer Discretionary PureCap Index, while DVXY tracks Syntax Defined Volatility XLY Index. They also come from different issuers: Global X and WEBs. Their fees differ too: 0.15% for GXPD and 0.89% for DVXY.