PSL vs. DVXP
PSL (Invesco DWA Consumer Staples Momentum ETF) and DVXP (WEBs Consumer Staples XLP Defined Volatility ETF) are both exchange-traded funds - PSL is a Momentum fund tracking the DWA Consumer Staples Technical Leaders Index, while DVXP is a Consumer Staples Equities fund tracking the Syntax Defined Volatility XLP Index. Both are passively managed. Over the past year, PSL returned 6.53% vs 6.95% for DVXP. Their 0.77 correlation means they have sometimes moved together and sometimes differently. PSL charges 0.60%/yr vs 0.89%/yr for DVXP.
Performance
PSL vs. DVXP - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PSL having a 14.41% return and DVXP slightly higher at 14.90%.
PSL
- 1D
- -0.05%
- 1M
- -0.23%
- 6M
- 4.39%
- YTD
- 14.41%
- 1Y
- 6.53%
- 3Y*
- 10.58%
- 5Y*
- 6.05%
- 10Y*
- 8.05%
- ALL TIME*
- 9.36%
DVXP
- 1D
- -0.28%
- 1M
- 0.04%
- 6M
- 0.84%
- YTD
- 14.90%
- 1Y
- 6.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $229.52 | $39.54K | $41.38K | |
| $139.56K | $200.24K | $192.10K |
PSL vs. DVXP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PSL Invesco DWA Consumer Staples Momentum ETF | 14.41% | -7.76% |
DVXP WEBs Consumer Staples XLP Defined Volatility ETF | 14.90% | -10.24% |
Correlation
The correlation between PSL and DVXP is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.77 |
The correlation between PSL and DVXP has been stable across timeframes, ranging from 0.77 to 0.78 - a consistent structural relationship.
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Return for Risk
PSL vs. DVXP — Risk / Return Rank
PSL
DVXP
PSL vs. DVXP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Staples Momentum ETF (PSL) 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.
| PSL | DVXP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.07 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 0.43 | +0.05 |
| Martin ratioReturn relative to average drawdown | 1.05 | 0.74 | +0.31 |
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Drawdowns
PSL vs. DVXP - Drawdown Comparison
The maximum PSL drawdown since its inception was -41.58%, which is greater than DVXP's maximum drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for PSL and DVXP.
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Drawdown Indicators
| PSL | DVXP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.58% | -16.36% | -25.22% |
Max Drawdown (1Y)Largest decline over 1 year | -13.64% | -16.36% | +2.72% |
Max Drawdown (3Y)Largest decline over 3 years | -13.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.67% | — | — |
Current DrawdownCurrent decline from peak | -1.85% | -7.60% | +5.75% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -8.28% | +2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.22% | 9.38% | -3.16% |
Volatility
PSL vs. DVXP - Volatility Comparison
The current volatility for Invesco DWA Consumer Staples Momentum ETF (PSL) is 4.62%, while WEBs Consumer Staples XLP Defined Volatility ETF (DVXP) has a volatility of 6.24%. This indicates that PSL experiences smaller price fluctuations and is considered to be less risky than DVXP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSL | DVXP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 6.24% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 9.82% | 15.22% | -5.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.66% | 21.13% | -7.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.16% | 21.16% | -6.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 21.16% | -4.62% |
PSL vs. DVXP - Expense Ratio Comparison
PSL has a 0.60% expense ratio, which is lower than DVXP's 0.89% expense ratio.
Dividends
PSL vs. DVXP - Dividend Comparison
PSL's dividend yield for the trailing twelve months is around 0.73%, more than DVXP's 0.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVXP WEBs Consumer Staples XLP Defined Volatility ETF | 0.16% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSL Invesco DWA Consumer Staples Momentum ETF | 0.73% | 0.93% | 0.60% | 1.37% | 1.98% | 1.24% | 0.80% | 0.47% | 0.75% | 0.34% | 2.08% | 1.18% |
Frequently Asked Questions
PSL and DVXP have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVXP has higher volatility (6.24%) compared to PSL (4.62%). In terms of maximum drawdown, PSL dropped -41.58% vs DVXP's -16.36%.
On 1-year performance, DVXP leads with 6.95% vs 6.53% for PSL. On fees, PSL is cheaper at 0.60% per year. On volatility, PSL has been the lower-risk option at 4.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DVXP has performed better with a 6.95% return vs 6.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSL is cheaper with a 0.60% expense ratio, compared with 0.89% for DVXP.
PSL has the higher dividend yield at 0.73%, compared with 0.16% for DVXP.
PSL is categorized as Momentum, while DVXP is Consumer Staples Equities. PSL tracks DWA Consumer Staples Technical Leaders Index, while DVXP tracks Syntax Defined Volatility XLP Index. They also come from different issuers: Invesco and WEBs. Their fees differ too: 0.60% for PSL and 0.89% for DVXP.
PSL currently has the higher Sharpe Ratio (0.48 vs 0.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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