VDE vs. DVXE
VDE (Vanguard Energy ETF) and DVXE (WEBs Energy XLE Defined Volatility ETF) are both Energy Equities funds - VDE tracks the MSCI US Investable Market Energy 25/50 Index while DVXE tracks the Syntax Defined Volatility XLE Index. Both are passively managed. With a 0.98 correlation, they move nearly in lockstep. VDE charges 0.09%/yr vs 0.89%/yr for DVXE.
Performance
VDE vs. DVXE - Performance Comparison
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Returns By Period
In the year-to-date period, VDE achieves a 32.48% return, which is significantly lower than DVXE's 44.86% return.
VDE
- 1D
- 0.18%
- 1M
- -1.99%
- YTD
- 32.48%
- 6M
- 28.99%
- 1Y
- 48.54%
- 3Y*
- 18.32%
- 5Y*
- 20.47%
- 10Y*
- 9.47%
DVXE
- 1D
- -0.08%
- 1M
- -2.12%
- YTD
- 44.86%
- 6M
- 38.07%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VDE vs. DVXE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VDE Vanguard Energy ETF | 32.48% | 4.98% |
DVXE WEBs Energy XLE Defined Volatility ETF | 44.86% | 4.49% |
Correlation
The correlation between VDE and DVXE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025 | 0.98 |
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Return for Risk
VDE vs. DVXE — Risk / Return Rank
VDE
DVXE
VDE vs. DVXE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Energy ETF (VDE) 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.
| VDE | DVXE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | — | — |
| Martin ratioReturn relative to average drawdown | 12.11 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VDE | DVXE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 1.98 | -1.70 |
Drawdowns
VDE vs. DVXE - Drawdown Comparison
The maximum VDE drawdown since its inception was -74.20%, which is greater than DVXE's maximum drawdown of -17.96%. Use the drawdown chart below to compare losses from any high point for VDE and DVXE.
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Drawdown Indicators
| VDE | DVXE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.20% | -17.96% | -56.24% |
Max Drawdown (1Y)Largest decline over 1 year | -11.80% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -21.41% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -69.29% | — | — |
Current DrawdownCurrent decline from peak | -6.27% | -12.06% | +5.79% |
Average DrawdownAverage peak-to-trough decline | -19.96% | -5.83% | -14.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | — | — |
Volatility
VDE vs. DVXE - Volatility Comparison
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Volatility by Period
| VDE | DVXE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.99% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.27% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.34% | 31.16% | -10.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.40% | 31.16% | -4.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.93% | 31.16% | -1.23% |
VDE vs. DVXE - Expense Ratio Comparison
VDE has a 0.09% expense ratio, which is lower than DVXE's 0.89% expense ratio.
Dividends
VDE vs. DVXE - Dividend Comparison
VDE's dividend yield for the trailing twelve months is around 2.37%, while DVXE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
VDE Vanguard Energy ETF | 2.37% | 3.11% | 3.23% | 3.34% | 3.65% | 4.13% | 4.76% | 3.42% | 3.35% | 2.90% | 2.31% | 3.17% |
Frequently Asked Questions
With a correlation of 0.98, VDE and DVXE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VDE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDE is cheaper with a 0.09% expense ratio, compared with 0.89% for DVXE.
VDE has the higher dividend yield at 2.37%, compared with 0.00% for DVXE.
VDE tracks MSCI US Investable Market Energy 25/50 Index, while DVXE tracks Syntax Defined Volatility XLE Index. They also come from different issuers: Vanguard and WEBs. Their fees differ too: 0.09% for VDE and 0.89% for DVXE.
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