UMI vs. DVXE

Last updated Jun 26, 2026

UMI (USCF Midstream Energy Income Fund ETF) and DVXE (WEBs Energy XLE Defined Volatility ETF) are both Energy Equities funds. UMI is actively managed, while DVXE is passively managed. A 0.63 correlation means they provide meaningful diversification when combined. UMI charges 0.85%/yr vs 0.89%/yr for DVXE.

Performance

UMI vs. DVXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF Midstream Energy Income Fund ETF (UMI) 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, UMI achieves a 24.37% return, which is significantly lower than DVXE's 32.67% return.

UMI

• 1D: 1.55%
• 1M: -0.98%
• YTD: 24.37%
• 6M: 24.06%
• 1Y: 27.75%
• 3Y*: 28.08%
• 5Y*: 20.82%
• 10Y*: —

DVXE

• 1D: 0.95%
• 1M: -7.15%
• YTD: 32.67%
• 6M: 34.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UMI vs. DVXE - Yearly Performance Comparison

	2026 (YTD)	2025
UMI USCF Midstream Energy Income Fund ETF	24.37%	4.10%
DVXE WEBs Energy XLE Defined Volatility ETF	32.67%	4.49%

Correlation

The correlation between UMI and DVXE 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 Jul 23, 2025	0.63

Return for Risk

UMI vs. DVXE — Risk / Return Rank

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

UMI

UMI Risk / Return Rank: 68
UMI Sharpe Ratio Rank: 69
UMI Sortino Ratio Rank: 67
UMI Omega Ratio Rank: 64
UMI Calmar Ratio Rank: 81
UMI Martin Ratio Rank: 61

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.

UMI vs. DVXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF Midstream Energy Income Fund ETF (UMI) 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.

	UMI	DVXE	Difference
Sharpe ratio: Return per unit of total volatility	1.94	—	—
Sortino ratio: Return per unit of downside risk	2.67	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	3.72	—	—
Martin ratio: Return relative to average drawdown	9.50	—	—

Drawdowns

UMI vs. DVXE - Drawdown Comparison

The maximum UMI drawdown since its inception was -48.08%, which is greater than DVXE's maximum drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for UMI and DVXE.

Drawdown Indicators

	UMI	DVXE	Difference
Max Drawdown Largest peak-to-trough decline	-48.08%	-20.56%	-27.52%
Max Drawdown (1Y) Largest decline over 1 year	-7.50%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.05%	—	—
Current Drawdown Current decline from peak	-3.32%	-19.46%	+16.14%
Average Drawdown Average peak-to-trough decline	-6.58%	-6.47%	-0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	—	—

Volatility

Volatility by Period

	UMI	DVXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.36%	31.08%	-16.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.48%	31.08%	-11.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.15%	31.08%	-7.93%

UMI vs. DVXE - Expense Ratio Comparison

UMI has a 0.85% expense ratio, which is lower than DVXE's 0.89% expense ratio.

Dividends

UMI vs. DVXE - Dividend Comparison

UMI's dividend yield for the trailing twelve months is around 5.90%, while DVXE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DVXE WEBs Energy XLE Defined Volatility ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UMI USCF Midstream Energy Income Fund ETF	5.90%	6.23%	4.39%	4.67%	4.36%	3.00%	2.18%	2.47%	2.48%	0.15%

Frequently Asked Questions

Can I hold both UMI and DVXE in my portfolio?

UMI and DVXE 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, UMI or DVXE?

On fees, UMI is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UMI or DVXE?

UMI is cheaper with a 0.85% expense ratio, compared with 0.89% for DVXE.

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

UMI has the higher dividend yield at 5.90%, compared with 0.00% for DVXE.

What is the main difference between UMI and DVXE?

They also come from different issuers: Wainwright, Inc. and WEBs. Their fees differ too: 0.85% for UMI and 0.89% for DVXE.