GXPD vs. DVXY

Last updated Aug 1, 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. Over the past year, GXPD returned 10.32% vs -3.16% for DVXY. Their 0.97 correlation means they have historically moved very closely together. 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 -0.23% return, which is significantly higher than DVXY's -12.70% return.

GXPD

• 1D: 5.81%
• 1M: 0.88%
• 6M: -1.81%
• YTD: -0.23%
• 1Y: 10.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.01%

DVXY

• 1D: 3.83%
• 1M: -3.09%
• 6M: -14.07%
• YTD: -12.70%
• 1Y: -3.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -11.33%

*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)
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF	$169.08	$603.38	$908.50
GXPD Global X PureCap MSCI Consumer Discretionary ETF	$4.13M	$2.16M	$1.71M

GXPD vs. DVXY - Yearly Performance Comparison

	2026 (YTD)	2025
GXPD Global X PureCap MSCI Consumer Discretionary ETF	-0.23%	5.36%
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF	-12.70%	1.31%

Correlation

The correlation between GXPD and DVXY is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.97

The correlation between GXPD and DVXY has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

Return for Risk

GXPD vs. DVXY — Risk / Return Rank

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

GXPD

GXPD Risk / Return Rank: 18
GXPD Sharpe Ratio Rank: 18
GXPD Sortino Ratio Rank: 18
GXPD Omega Ratio Rank: 18
GXPD Calmar Ratio Rank: 18
GXPD Martin Ratio Rank: 18

DVXY

DVXY Risk / Return Rank: 7
DVXY Sharpe Ratio Rank: 7
DVXY Sortino Ratio Rank: 7
DVXY Omega Ratio Rank: 8
DVXY Calmar Ratio Rank: 7
DVXY Martin Ratio Rank: 7

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.

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.

	GXPD	DVXY	Difference
Sharpe ratio: Return per unit of total volatility	0.30	-0.27	+0.58
Sortino ratio: Return per unit of downside risk	0.58	-0.20	+0.78
Omega ratio: Gain probability vs. loss probability	1.07	0.98	+0.09
Calmar ratio: Return relative to maximum drawdown	0.40	-0.31	+0.70
Martin ratio: Return relative to average drawdown	1.07	-0.64	+1.71

GXPD vs. DVXY - Sharpe Ratio Comparison

The current GXPD Sharpe Ratio is 0.30, which is higher than the DVXY Sharpe Ratio of -0.27. The chart below compares the historical Sharpe Ratios of GXPD and DVXY, 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

GXPD vs. DVXY - Drawdown Comparison

The maximum GXPD drawdown since its inception was -16.61%, smaller than the maximum DVXY drawdown of -24.30%. 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%	-24.30%	+7.69%
Max Drawdown (1Y) Largest decline over 1 year	-16.61%	-24.30%	+7.69%
Current Drawdown Current decline from peak	-4.86%	-18.78%	+13.92%
Average Drawdown Average peak-to-trough decline	-4.71%	-9.36%	+4.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.15%	11.68%	-5.53%

Volatility

GXPD vs. DVXY - Volatility Comparison

Global X PureCap MSCI Consumer Discretionary ETF (GXPD) and WEBs Consumer Discretionary XLY Defined Volatility ETF (DVXY) have volatilities of 9.09% and 9.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GXPD	DVXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.09%	9.20%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	16.76%	20.04%	-3.28%
Volatility (1Y) Calculated over the trailing 1-year period	21.74%	27.36%	-5.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.56%	27.32%	-5.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.56%	27.32%	-5.76%

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 0.34%, 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	0.34%	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 is riskier, GXPD or DVXY?

DVXY has higher volatility (9.20%) compared to GXPD (9.09%). In terms of maximum drawdown, GXPD dropped -16.61% vs DVXY's -24.30%.

Which ETF is better, GXPD or DVXY?

On 1-year performance, GXPD leads with 10.32% vs -3.16% for DVXY. On fees, GXPD is cheaper at 0.15% per year. On volatility, GXPD has been the lower-risk option at 9.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GXPD or DVXY?

Over the 1-year period, GXPD has performed better with a 10.32% return vs -3.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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 0.34%, 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.

Which has better risk-adjusted returns?

GXPD currently has the higher Sharpe Ratio (0.30 vs -0.27), 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.