IYM vs. DVXB

Last updated Jun 23, 2026

IYM (iShares U.S. Basic Materials ETF) and DVXB (WEBs Materials XLB Defined Volatility ETF) are both Materials funds - IYM tracks the Dow Jones U.S. Basic Materials Index while DVXB tracks the Syntax Defined Volatility XLB Index. Both are passively managed. Their correlation of 0.94 suggests significant overlap in exposure. IYM charges 0.42%/yr vs 0.89%/yr for DVXB.

Performance

IYM vs. DVXB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Basic Materials ETF (IYM) and WEBs Materials XLB Defined Volatility ETF (DVXB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IYM achieves a 20.88% return, which is significantly higher than DVXB's 19.31% return.

IYM

• 1D: -0.12%
• 1M: 2.18%
• YTD: 20.88%
• 6M: 19.00%
• 1Y: 37.99%
• 3Y*: 14.87%
• 5Y*: 9.23%
• 10Y*: 11.29%

DVXB

• 1D: -0.12%
• 1M: 3.26%
• YTD: 19.31%
• 6M: 17.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IYM vs. DVXB - Yearly Performance Comparison

	2026 (YTD)	2025
IYM iShares U.S. Basic Materials ETF	20.88%	5.21%
DVXB WEBs Materials XLB Defined Volatility ETF	19.31%	-6.27%

Correlation

The correlation between IYM and DVXB is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.94

Return for Risk

IYM vs. DVXB — Risk / Return Rank

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

IYM

IYM Risk / Return Rank: 58
IYM Sharpe Ratio Rank: 60
IYM Sortino Ratio Rank: 56
IYM Omega Ratio Rank: 54
IYM Calmar Ratio Rank: 59
IYM Martin Ratio Rank: 60

DVXB

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.

IYM vs. DVXB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Basic Materials ETF (IYM) and WEBs Materials XLB Defined Volatility ETF (DVXB). 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.

	IYM	DVXB	Difference
Sharpe ratio: Return per unit of total volatility	1.95	—	—
Sortino ratio: Return per unit of downside risk	2.60	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.80	—	—
Martin ratio: Return relative to average drawdown	10.54	—	—

Drawdowns

IYM vs. DVXB - Drawdown Comparison

The maximum IYM drawdown since its inception was -67.78%, which is greater than DVXB's maximum drawdown of -19.77%. Use the drawdown chart below to compare losses from any high point for IYM and DVXB.

Drawdown Indicators

	IYM	DVXB	Difference
Max Drawdown Largest peak-to-trough decline	-67.78%	-19.77%	-48.01%
Max Drawdown (1Y) Largest decline over 1 year	-13.61%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.76%	—	—
Current Drawdown Current decline from peak	-2.07%	-9.60%	+7.53%
Average Drawdown Average peak-to-trough decline	-11.44%	-7.08%	-4.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	—	—

Volatility

Volatility by Period

	IYM	DVXB	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.71%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.58%	30.79%	-11.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.48%	30.79%	-10.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.78%	30.79%	-9.01%

IYM vs. DVXB - Expense Ratio Comparison

IYM has a 0.42% expense ratio, which is lower than DVXB's 0.89% expense ratio.

Dividends

IYM vs. DVXB - Dividend Comparison

IYM's dividend yield for the trailing twelve months is around 1.26%, while DVXB has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVXB WEBs Materials XLB 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%
IYM iShares U.S. Basic Materials ETF	1.26%	1.51%	1.65%	1.77%	2.14%	1.48%	1.39%	2.08%	1.68%	1.43%	1.47%	2.04%

Frequently Asked Questions

Can I hold both IYM and DVXB in my portfolio?

With a correlation of 0.94, IYM and DVXB 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, IYM or DVXB?

On fees, IYM is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IYM or DVXB?

IYM is cheaper with a 0.42% expense ratio, compared with 0.89% for DVXB.

Which ETF pays a higher dividend yield, IYM or DVXB?

IYM has the higher dividend yield at 1.26%, compared with 0.00% for DVXB.

What is the main difference between IYM and DVXB?

IYM tracks Dow Jones U.S. Basic Materials Index, while DVXB tracks Syntax Defined Volatility XLB Index. They also come from different issuers: iShares and WEBs. Their fees differ too: 0.42% for IYM and 0.89% for DVXB.