GXPE vs. DVXE

Last updated Jun 23, 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. With a 0.99 correlation, they move nearly in lockstep. 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 21.27% return, which is significantly lower than DVXE's 32.83% return.

GXPE

• 1D: 1.15%
• 1M: -8.52%
• YTD: 21.27%
• 6M: 22.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DVXE

• 1D: 1.51%
• 1M: -9.73%
• YTD: 32.83%
• 6M: 34.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GXPE vs. DVXE - Yearly Performance Comparison

	2026 (YTD)	2025
GXPE Global X PureCap MSCI Energy ETF	21.27%	4.62%
DVXE WEBs Energy XLE Defined Volatility ETF	32.83%	4.49%

Correlation

The correlation between GXPE and DVXE is 0.99 - 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	0.99

Return for Risk

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.

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

Drawdowns

GXPE vs. DVXE - Drawdown Comparison

The maximum GXPE drawdown since its inception was -14.89%, smaller than the maximum DVXE drawdown of -20.56%. 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	-14.89%	-20.56%	+5.67%
Current Drawdown Current decline from peak	-13.91%	-19.36%	+5.45%
Average Drawdown Average peak-to-trough decline	-3.58%	-6.30%	+2.72%

Volatility

Volatility by Period

	GXPE	DVXE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	20.71%	31.18%	-10.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.71%	31.18%	-10.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.71%	31.18%	-10.47%

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 0.99%, 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	0.99%	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 ETF is better, GXPE or DVXE?

On fees, GXPE 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, 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 0.99%, 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.