NICO vs. DVXP

Last updated Jul 8, 2026

NICO (Hexis Active Nicotine Engagement ETF) and DVXP (WEBs Consumer Staples XLP Defined Volatility ETF) are both Consumer Staples Equities funds. NICO is actively managed, while DVXP is passively managed. A 0.63 correlation means they provide meaningful diversification when combined. NICO charges 0.70%/yr vs 0.89%/yr for DVXP.

Performance

NICO vs. DVXP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hexis Active Nicotine Engagement ETF (NICO) and WEBs Consumer Staples XLP Defined Volatility ETF (DVXP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NICO

• 1D: 0.73%
• 1M: 2.38%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DVXP

• 1D: 1.00%
• 1M: 2.60%
• 6M: 15.21%
• YTD: 14.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NICO vs. DVXP - Yearly Performance Comparison

	2026 (YTD)
NICO Hexis Active Nicotine Engagement ETF	3.40%
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	1.08%

Correlation

The correlation between NICO and DVXP is 0.63, 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 May 6, 2026	0.63

Return for Risk

NICO vs. DVXP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hexis Active Nicotine Engagement ETF (NICO) and WEBs Consumer Staples XLP Defined Volatility ETF (DVXP). 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

NICO vs. DVXP - Drawdown Comparison

The maximum NICO drawdown since its inception was -8.00%, smaller than the maximum DVXP drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for NICO and DVXP.

Drawdown Indicators

	NICO	DVXP	Difference
Max Drawdown Largest peak-to-trough decline	-8.00%	-16.36%	+8.36%
Current Drawdown Current decline from peak	-3.58%	-7.95%	+4.37%
Average Drawdown Average peak-to-trough decline	-3.86%	-8.30%	+4.44%

Volatility

Volatility by Period

	NICO	DVXP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	20.02%	21.14%	-1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.02%	21.14%	-1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.02%	21.14%	-1.12%

NICO vs. DVXP - Expense Ratio Comparison

NICO has a 0.70% expense ratio, which is lower than DVXP's 0.89% expense ratio.

Dividends

NICO vs. DVXP - Dividend Comparison

NICO has not paid dividends to shareholders, while DVXP's dividend yield for the trailing twelve months is around 0.16%.

Position	TTM	2025
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	0.16%	0.19%
NICO Hexis Active Nicotine Engagement ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both NICO and DVXP in my portfolio?

NICO and DVXP have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NICO or DVXP?

On fees, NICO is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NICO or DVXP?

NICO is cheaper with a 0.70% expense ratio, compared with 0.89% for DVXP.

Which ETF pays a higher dividend yield, NICO or DVXP?

DVXP has the higher dividend yield at 0.16%, compared with 0.00% for NICO.

What is the main difference between NICO and DVXP?

They also come from different issuers: Hexis and WEBs. Their fees differ too: 0.70% for NICO and 0.89% for DVXP.