RIET vs. DX

Last updated Apr 1, 2026

Compare and contrast key facts about Hoya Capital High Dividend Yield ETF (RIET) and Dynex Capital, Inc. (DX).

RIET is a passively managed fund by Pettee Investors that tracks the performance of the Hoya Capital High Dividend Yield Index. It was launched on Sep 21, 2021.

Performance

RIET vs. DX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hoya Capital High Dividend Yield ETF (RIET) and Dynex Capital, Inc. (DX). The values are adjusted to include any dividend payments, if applicable.

RIET vs. DX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RIET Hoya Capital High Dividend Yield ETF	-0.60%	2.43%	1.18%	13.04%	-25.29%	2.35%
DX Dynex Capital, Inc.	-4.27%	29.48%	13.64%	11.91%	-15.39%	-2.13%

Returns By Period

In the year-to-date period, RIET achieves a -0.60% return, which is significantly higher than DX's -4.27% return.

RIET

• 1D: 1.12%
• 1M: -5.58%
• YTD: -0.60%
• 6M: -1.46%
• 1Y: -0.11%
• 3Y*: 6.00%
• 5Y*: —
• 10Y*: —

DX

• 1D: 2.41%
• 1M: -7.79%
• YTD: -4.27%
• 6M: 11.96%
• 1Y: 14.94%
• 3Y*: 17.11%
• 5Y*: 4.56%
• 10Y*: 7.52%

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

Return for Risk

RIET vs. DX — Risk / Return Rank

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

RIET

RIET Risk / Return Rank: 12
RIET Sharpe Ratio Rank: 12
RIET Sortino Ratio Rank: 11
RIET Omega Ratio Rank: 11
RIET Calmar Ratio Rank: 13
RIET Martin Ratio Rank: 13

DX

DX Risk / Return Rank: 64
DX Sharpe Ratio Rank: 68
DX Sortino Ratio Rank: 58
DX Omega Ratio Rank: 59
DX Calmar Ratio Rank: 64
DX Martin Ratio Rank: 69

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.

RIET vs. DX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hoya Capital High Dividend Yield ETF (RIET) and Dynex Capital, Inc. (DX). 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.

	RIET	DX	Difference
Sharpe ratio Return per unit of total volatility	-0.01	0.74	-0.75
Sortino ratio Return per unit of downside risk	0.10	1.07	-0.98
Omega ratio Gain probability vs. loss probability	1.01	1.15	-0.14
Calmar ratio Return relative to maximum drawdown	0.04	0.96	-0.92
Martin ratio Return relative to average drawdown	0.12	3.09	-2.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RIET vs. DX - Sharpe Ratio Comparison

The current RIET Sharpe Ratio is -0.01, which is lower than the DX Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of RIET and DX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RIET	DX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.01	0.74	-0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.19	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.13	0.17	-0.30

Correlation

The correlation between RIET and DX is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

RIET vs. DX - Dividend Comparison

RIET's dividend yield for the trailing twelve months is around 11.41%, less than DX's 15.99% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RIET Hoya Capital High Dividend Yield ETF	11.41%	11.04%	10.17%	9.33%	9.33%	1.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DX Dynex Capital, Inc.	15.99%	14.13%	11.46%	12.46%	12.26%	9.34%	9.33%	11.87%	12.59%	10.27%	12.32%	15.12%

Drawdowns

RIET vs. DX - Drawdown Comparison

The maximum RIET drawdown since its inception was -34.61%, smaller than the maximum DX drawdown of -99.12%. Use the drawdown chart below to compare losses from any high point for RIET and DX.

Drawdown Indicators

	RIET	DX	Difference
Max Drawdown Largest peak-to-trough decline	-34.61%	-99.12%	+64.51%
Max Drawdown (1Y) Largest decline over 1 year	-12.09%	-15.27%	+3.18%
Max Drawdown (5Y) Largest decline over 5 years	—	-38.69%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-56.76%	—
Current Drawdown Current decline from peak	-14.32%	-34.48%	+20.16%
Average Drawdown Average peak-to-trough decline	-16.72%	-56.93%	+40.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.34%	4.75%	-0.41%

Volatility

RIET vs. DX - Volatility Comparison

The current volatility for Hoya Capital High Dividend Yield ETF (RIET) is 5.11%, while Dynex Capital, Inc. (DX) has a volatility of 8.06%. This indicates that RIET experiences smaller price fluctuations and is considered to be less risky than DX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RIET	DX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	8.06%	-2.95%
Volatility (6M) Calculated over the trailing 6-month period	9.43%	13.14%	-3.71%
Volatility (1Y) Calculated over the trailing 1-year period	15.78%	20.18%	-4.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.15%	23.81%	-4.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.15%	29.86%	-10.71%