IYE vs. DVXE
IYE (iShares U.S. Energy ETF) and DVXE (WEBs Energy XLE Defined Volatility ETF) are both Energy Equities funds - IYE tracks the Dow Jones U.S. Oil & Gas Index while DVXE tracks the Syntax Defined Volatility XLE Index. Both are passively managed. With a 0.99 correlation, they move nearly in lockstep. IYE charges 0.42%/yr vs 0.89%/yr for DVXE.
Performance
IYE vs. DVXE - Performance Comparison
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Returns By Period
In the year-to-date period, IYE achieves a 31.95% return, which is significantly lower than DVXE's 44.86% return.
IYE
- 1D
- 0.03%
- 1M
- -1.09%
- YTD
- 31.95%
- 6M
- 28.91%
- 1Y
- 46.86%
- 3Y*
- 17.38%
- 5Y*
- 19.52%
- 10Y*
- 8.76%
DVXE
- 1D
- -0.08%
- 1M
- -2.12%
- YTD
- 44.86%
- 6M
- 38.07%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYE vs. DVXE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IYE iShares U.S. Energy ETF | 31.95% | 4.76% |
DVXE WEBs Energy XLE Defined Volatility ETF | 44.86% | 4.49% |
Correlation
The correlation between IYE 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 24, 2025 | 0.99 |
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Return for Risk
IYE vs. DVXE — Risk / Return Rank
IYE
DVXE
IYE vs. DVXE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Energy ETF (IYE) 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.
| IYE | DVXE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.95 | — | — |
| Martin ratioReturn relative to average drawdown | 11.64 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IYE | DVXE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 1.98 | -1.72 |
Drawdowns
IYE vs. DVXE - Drawdown Comparison
The maximum IYE drawdown since its inception was -73.74%, which is greater than DVXE's maximum drawdown of -17.96%. Use the drawdown chart below to compare losses from any high point for IYE and DVXE.
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Drawdown Indicators
| IYE | DVXE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.74% | -17.96% | -55.78% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -20.37% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -68.59% | — | — |
Current DrawdownCurrent decline from peak | -5.74% | -12.06% | +6.32% |
Average DrawdownAverage peak-to-trough decline | -19.36% | -5.83% | -13.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | — | — |
Volatility
IYE vs. DVXE - Volatility Comparison
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Volatility by Period
| IYE | DVXE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.92% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.06% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.96% | 31.16% | -11.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.71% | 31.16% | -5.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.51% | 31.16% | -1.65% |
IYE vs. DVXE - Expense Ratio Comparison
IYE has a 0.42% expense ratio, which is lower than DVXE's 0.89% expense ratio.
Dividends
IYE vs. DVXE - Dividend Comparison
IYE's dividend yield for the trailing twelve months is around 2.13%, 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% |
IYE iShares U.S. Energy ETF | 2.13% | 2.85% | 2.75% | 2.99% | 3.37% | 2.98% | 4.75% | 6.60% | 3.16% | 2.66% | 2.11% | 3.39% |
Frequently Asked Questions
With a correlation of 0.99, IYE 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.
On fees, IYE is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IYE is cheaper with a 0.42% expense ratio, compared with 0.89% for DVXE.
IYE has the higher dividend yield at 2.13%, compared with 0.00% for DVXE.
IYE tracks Dow Jones U.S. Oil & Gas Index, while DVXE tracks Syntax Defined Volatility XLE Index. They also come from different issuers: iShares and WEBs. Their fees differ too: 0.42% for IYE and 0.89% for DVXE.
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