SHEH vs. DVXE

Last updated Jul 10, 2026

SHEH (Shell plc ADRhedged ETF) and DVXE (WEBs Energy XLE Defined Volatility ETF) are both Energy Equities funds - SHEH tracks the Shell plc - Benchmark Price Return while DVXE tracks the Syntax Defined Volatility XLE Index. Both are passively managed. A 0.66 correlation means they provide meaningful diversification when combined. SHEH charges 0.19%/yr vs 0.89%/yr for DVXE.

Performance

SHEH vs. DVXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shell plc ADRhedged ETF (SHEH) and WEBs Energy XLE Defined Volatility ETF (DVXE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHEH achieves a 12.47% return, which is significantly lower than DVXE's 35.35% return.

SHEH

• 1D: -1.01%
• 1M: -4.67%
• 6M: 16.82%
• YTD: 12.47%
• 1Y: 18.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DVXE

• 1D: -1.89%
• 1M: -4.03%
• 6M: 27.60%
• YTD: 35.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SHEH vs. DVXE - Yearly Performance Comparison

	2026 (YTD)	2025
SHEH Shell plc ADRhedged ETF	12.47%	5.32%
DVXE WEBs Energy XLE Defined Volatility ETF	35.35%	4.49%

Correlation

The correlation between SHEH and DVXE is 0.66, 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 Jul 23, 2025	0.66

Return for Risk

SHEH vs. DVXE — Risk / Return Rank

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

SHEH

SHEH Risk / Return Rank: 28
SHEH Sharpe Ratio Rank: 30
SHEH Sortino Ratio Rank: 29
SHEH Omega Ratio Rank: 28
SHEH Calmar Ratio Rank: 26
SHEH Martin Ratio Rank: 27

DVXE

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.

SHEH vs. DVXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shell plc ADRhedged ETF (SHEH) 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.

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.

	SHEH	DVXE	Difference
Sharpe ratio: Return per unit of total volatility	0.89	—	—
Sortino ratio: Return per unit of downside risk	1.32	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	1.04	—	—
Martin ratio: Return relative to average drawdown	2.99	—	—

Drawdowns

SHEH vs. DVXE - Drawdown Comparison

The maximum SHEH drawdown since its inception was -17.53%, smaller than the maximum DVXE drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for SHEH and DVXE.

Drawdown Indicators

	SHEH	DVXE	Difference
Max Drawdown Largest peak-to-trough decline	-17.53%	-21.83%	+4.30%
Max Drawdown (1Y) Largest decline over 1 year	-17.53%	—	—
Current Drawdown Current decline from peak	-13.29%	-17.83%	+4.54%
Average Drawdown Average peak-to-trough decline	-3.95%	-6.96%	+3.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.10%	—	—

Volatility

Volatility by Period

	SHEH	DVXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.50%	30.97%	-10.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.49%	30.97%	-10.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.49%	30.97%	-10.48%

SHEH vs. DVXE - Expense Ratio Comparison

SHEH has a 0.19% expense ratio, which is lower than DVXE's 0.89% expense ratio.

Dividends

SHEH vs. DVXE - Dividend Comparison

SHEH's dividend yield for the trailing twelve months is around 2.07%, while DVXE has not paid dividends to shareholders.

Position	TTM
DVXE WEBs Energy XLE Defined Volatility ETF	0.00%
SHEH Shell plc ADRhedged ETF	2.07%

Frequently Asked Questions

Can I hold both SHEH and DVXE in my portfolio?

SHEH and DVXE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SHEH or DVXE?

On fees, SHEH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SHEH or DVXE?

SHEH is cheaper with a 0.19% expense ratio, compared with 0.89% for DVXE.

Which ETF pays a higher dividend yield, SHEH or DVXE?

SHEH has the higher dividend yield at 2.07%, compared with 0.00% for DVXE.

What is the main difference between SHEH and DVXE?

SHEH tracks Shell plc - Benchmark Price Return, while DVXE tracks Syntax Defined Volatility XLE Index. They also come from different issuers: ADRhedged and WEBs. Their fees differ too: 0.19% for SHEH and 0.89% for DVXE.