GXPE vs. DVXE

Last updated Aug 1, 2026

GXPE (Global X PureCap MSCI Energy ETF) and DVXE (WEBs Energy XLE Defined Volatility ETF) are both Energy Equities funds - GXPE tracks the MSCI USA Energy PureCap Index while DVXE tracks the Syntax Defined Volatility XLE Index. Both are passively managed. Over the past year, GXPE returned 42.07% vs 61.29% for DVXE. Their 0.99 correlation means they have historically moved very closely together. GXPE charges 0.15%/yr vs 0.89%/yr for DVXE.

Performance

GXPE vs. DVXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X PureCap MSCI Energy ETF (GXPE) 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, GXPE achieves a 34.48% return, which is significantly lower than DVXE's 50.61% return.

GXPE

• 1D: 0.83%
• 1M: 12.27%
• 6M: 17.67%
• YTD: 34.48%
• 1Y: 42.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 39.70%

DVXE

• 1D: 1.38%
• 1M: 15.67%
• 6M: 26.93%
• YTD: 50.61%
• 1Y: 61.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 55.89%

*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	$14.59K	$12.40K	$16.43K
GXPE Global X PureCap MSCI Energy ETF	$27.82K	$19.84K	$23.45K

GXPE vs. DVXE - Yearly Performance Comparison

	2026 (YTD)	2025
GXPE Global X PureCap MSCI Energy ETF	34.48%	4.62%
DVXE WEBs Energy XLE Defined Volatility ETF	50.61%	4.49%

Correlation

The correlation between GXPE and DVXE is 0.99 - 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.	0.99
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.99

The correlation between GXPE and DVXE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

GXPE vs. DVXE — Risk / Return Rank

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

GXPE

GXPE Risk / Return Rank: 73
GXPE Sharpe Ratio Rank: 83
GXPE Sortino Ratio Rank: 77
GXPE Omega Ratio Rank: 75
GXPE Calmar Ratio Rank: 72
GXPE Martin Ratio Rank: 56

DVXE

DVXE Risk / Return Rank: 68
DVXE Sharpe Ratio Rank: 79
DVXE Sortino Ratio Rank: 70
DVXE Omega Ratio Rank: 68
DVXE Calmar Ratio Rank: 73
DVXE Martin Ratio Rank: 51

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.

GXPE vs. DVXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Energy ETF (GXPE) 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.

	GXPE	DVXE	Difference
Sharpe ratio: Return per unit of total volatility	1.92	1.83	+0.09
Sortino ratio: Return per unit of downside risk	2.51	2.31	+0.21
Omega ratio: Gain probability vs. loss probability	1.31	1.29	+0.02
Calmar ratio: Return relative to maximum drawdown	2.54	2.59	-0.05
Martin ratio: Return relative to average drawdown	6.75	6.05	+0.69

GXPE vs. DVXE - Sharpe Ratio Comparison

The current GXPE Sharpe Ratio is 1.92, which is comparable to the DVXE Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of GXPE 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

GXPE vs. DVXE - Drawdown Comparison

The maximum GXPE drawdown since its inception was -15.73%, smaller than the maximum DVXE drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for GXPE and DVXE.

Drawdown Indicators

	GXPE	DVXE	Difference
Max Drawdown Largest peak-to-trough decline	-15.73%	-21.83%	+6.10%
Max Drawdown (1Y) Largest decline over 1 year	-15.73%	-21.83%	+6.10%
Current Drawdown Current decline from peak	-4.53%	-8.57%	+4.04%
Average Drawdown Average peak-to-trough decline	-4.28%	-7.25%	+2.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.93%	9.37%	-3.44%

Volatility

GXPE vs. DVXE - Volatility Comparison

The current volatility for Global X PureCap MSCI Energy ETF (GXPE) is 5.85%, while WEBs Energy XLE Defined Volatility ETF (DVXE) has a volatility of 8.29%. This indicates that GXPE 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

	GXPE	DVXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.85%	8.29%	-2.44%
Volatility (6M) Calculated over the trailing 6-month period	16.76%	22.36%	-5.60%
Volatility (1Y) Calculated over the trailing 1-year period	20.77%	30.92%	-10.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.64%	30.78%	-10.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.64%	30.78%	-10.14%

GXPE vs. DVXE - Expense Ratio Comparison

GXPE has a 0.15% expense ratio, which is lower than DVXE's 0.89% expense ratio.

Dividends

GXPE vs. DVXE - Dividend Comparison

GXPE's dividend yield for the trailing twelve months is around 2.07%, while DVXE has not paid dividends to shareholders.

Position	TTM	2025
DVXE WEBs Energy XLE Defined Volatility ETF	0.00%	0.00%
GXPE Global X PureCap MSCI Energy ETF	2.07%	1.20%

Frequently Asked Questions

Can I hold both GXPE and DVXE in my portfolio?

With a correlation of 0.99, GXPE and DVXE 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, GXPE or DVXE?

DVXE has higher volatility (8.29%) compared to GXPE (5.85%). In terms of maximum drawdown, GXPE dropped -15.73% vs DVXE's -21.83%.

Which ETF is better, GXPE or DVXE?

On 1-year performance, DVXE leads with 61.29% vs 42.07% for GXPE. On fees, GXPE is cheaper at 0.15% per year. On volatility, GXPE has been the lower-risk option at 5.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GXPE or DVXE?

Over the 1-year period, DVXE has performed better with a 61.29% return vs 42.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GXPE or DVXE?

GXPE is cheaper with a 0.15% expense ratio, compared with 0.89% for DVXE.

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

GXPE has the higher dividend yield at 2.07%, compared with 0.00% for DVXE.

What is the main difference between GXPE and DVXE?

GXPE tracks MSCI USA Energy PureCap Index, while DVXE tracks Syntax Defined Volatility XLE Index. They also come from different issuers: Global X and WEBs. Their fees differ too: 0.15% for GXPE and 0.89% for DVXE.

Which has better risk-adjusted returns?

GXPE currently has the higher Sharpe Ratio (1.92 vs 1.83), 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.