IGE vs. DVXE

Last updated Jun 25, 2026

IGE (iShares North American Natural Resources ETF) and DVXE (WEBs Energy XLE Defined Volatility ETF) are both Energy Equities funds - IGE tracks the S&P North American Natural Resources Sector Index while DVXE tracks the Syntax Defined Volatility XLE Index. Both are passively managed. A 0.76 correlation means they provide meaningful diversification when combined. IGE charges 0.39%/yr vs 0.89%/yr for DVXE.

Performance

IGE vs. DVXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares North American Natural Resources ETF (IGE) 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, IGE achieves a 13.49% return, which is significantly lower than DVXE's 31.42% return.

IGE

• 1D: -1.77%
• 1M: -7.90%
• YTD: 13.49%
• 6M: 12.84%
• 1Y: 30.59%
• 3Y*: 17.84%
• 5Y*: 15.86%
• 10Y*: 8.90%

DVXE

• 1D: -2.01%
• 1M: -10.69%
• YTD: 31.42%
• 6M: 32.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IGE vs. DVXE - Yearly Performance Comparison

	2026 (YTD)	2025
IGE iShares North American Natural Resources ETF	13.49%	12.95%
DVXE WEBs Energy XLE Defined Volatility ETF	31.42%	4.49%

Correlation

The correlation between IGE and DVXE is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.76

Return for Risk

IGE vs. DVXE — Risk / Return Rank

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

IGE

IGE Risk / Return Rank: 63
IGE Sharpe Ratio Rank: 63
IGE Sortino Ratio Rank: 60
IGE Omega Ratio Rank: 56
IGE Calmar Ratio Rank: 67
IGE Martin Ratio Rank: 68

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.

IGE vs. DVXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares North American Natural Resources ETF (IGE) 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.

	IGE	DVXE	Difference
Sharpe ratio: Return per unit of total volatility	1.86	—	—
Sortino ratio: Return per unit of downside risk	2.52	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.97	—	—
Martin ratio: Return relative to average drawdown	11.11	—	—

Drawdowns

IGE vs. DVXE - Drawdown Comparison

The maximum IGE drawdown since its inception was -67.55%, which is greater than DVXE's maximum drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for IGE and DVXE.

Drawdown Indicators

	IGE	DVXE	Difference
Max Drawdown Largest peak-to-trough decline	-67.55%	-20.56%	-46.99%
Max Drawdown (1Y) Largest decline over 1 year	-10.35%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.49%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.72%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-60.57%	—	—
Current Drawdown Current decline from peak	-10.35%	-20.21%	+9.86%
Average Drawdown Average peak-to-trough decline	-18.87%	-6.41%	-12.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	—	—

Volatility

Volatility by Period

	IGE	DVXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.49%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.56%	31.14%	-14.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.42%	31.14%	-8.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.93%	31.14%	-6.21%

IGE vs. DVXE - Expense Ratio Comparison

IGE has a 0.39% expense ratio, which is lower than DVXE's 0.89% expense ratio.

Dividends

IGE vs. DVXE - Dividend Comparison

IGE's dividend yield for the trailing twelve months is around 2.10%, while DVXE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVXE WEBs Energy XLE Defined Volatility ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IGE iShares North American Natural Resources ETF	2.10%	2.32%	2.54%	2.85%	2.96%	2.92%	3.34%	5.55%	2.68%	2.11%	1.66%	3.08%

Frequently Asked Questions

Can I hold both IGE and DVXE in my portfolio?

IGE and DVXE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IGE or DVXE?

On fees, IGE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IGE or DVXE?

IGE is cheaper with a 0.39% expense ratio, compared with 0.89% for DVXE.

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

IGE has the higher dividend yield at 2.10%, compared with 0.00% for DVXE.

What is the main difference between IGE and DVXE?

IGE tracks S&P North American Natural Resources Sector Index, while DVXE tracks Syntax Defined Volatility XLE Index. They also come from different issuers: iShares and WEBs. Their fees differ too: 0.39% for IGE and 0.89% for DVXE.