WEEI vs. DVXE

Last updated Aug 2, 2026

WEEI (Westwood Salient Enhanced Energy Income ETF) and DVXE (WEBs Energy XLE Defined Volatility ETF) are both Energy Equities funds. WEEI is actively managed, while DVXE is passively managed. Over the past year, WEEI returned 30.50% vs 61.29% for DVXE. Their correlation of 0.95 means they have usually moved in the same direction. WEEI charges 0.85%/yr vs 0.89%/yr for DVXE.

Performance

WEEI vs. DVXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Westwood Salient Enhanced Energy Income ETF (WEEI) 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, WEEI achieves a 20.96% return, which is significantly lower than DVXE's 50.61% return.

WEEI

• 1D: 0.40%
• 1M: 9.54%
• 6M: 11.64%
• YTD: 20.96%
• 1Y: 30.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.50%

DVXE

• 1D: 1.38%
• 1M: 15.67%
• 6M: 26.93%
• YTD: 50.61%
• 1Y: 61.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 55.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DVXE WEBs Energy XLE Defined Volatility ETF	$14.59K	$12.40K	$16.43K
WEEI Westwood Salient Enhanced Energy Income ETF	$1.31M	$1.32M	$1.22M

WEEI vs. DVXE - Yearly Performance Comparison

	2026 (YTD)	2025
WEEI Westwood Salient Enhanced Energy Income ETF	20.96%	8.14%
DVXE WEBs Energy XLE Defined Volatility ETF	50.61%	4.49%

Correlation

The correlation between WEEI and DVXE is 0.95, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.95
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.95

The correlation between WEEI and DVXE has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.

Return for Risk

WEEI vs. DVXE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WEEI

WEEI Risk / Return Rank: 78
WEEI Sharpe Ratio Rank: 84
WEEI Sortino Ratio Rank: 79
WEEI Omega Ratio Rank: 80
WEEI Calmar Ratio Rank: 79
WEEI Martin Ratio Rank: 70

DVXE

DVXE Risk / Return Rank: 68
DVXE Sharpe Ratio Rank: 79
DVXE Sortino Ratio Rank: 70
DVXE Omega Ratio Rank: 68
DVXE Calmar Ratio Rank: 73
DVXE Martin Ratio Rank: 51

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WEEI vs. DVXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Westwood Salient Enhanced Energy Income ETF (WEEI) 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.

	WEEI	DVXE	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.83	+0.13
Sortino ratio: Return per unit of downside risk	2.55	2.31	+0.24
Omega ratio: Gain probability vs. loss probability	1.33	1.29	+0.05
Calmar ratio: Return relative to maximum drawdown	2.80	2.59	+0.20
Martin ratio: Return relative to average drawdown	8.66	6.05	+2.60

WEEI vs. DVXE - Sharpe Ratio Comparison

The current WEEI Sharpe Ratio is 1.96, which is comparable to the DVXE Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of WEEI and DVXE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WEEI vs. DVXE - Drawdown Comparison

The maximum WEEI drawdown since its inception was -18.78%, smaller than the maximum DVXE drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for WEEI and DVXE.

Drawdown Indicators

	WEEI	DVXE	Difference
Max Drawdown Largest peak-to-trough decline	-18.78%	-21.83%	+3.05%
Max Drawdown (1Y) Largest decline over 1 year	-10.27%	-21.83%	+11.56%
Current Drawdown Current decline from peak	-1.03%	-8.57%	+7.54%
Average Drawdown Average peak-to-trough decline	-4.26%	-7.25%	+2.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	9.37%	-6.03%

Volatility

WEEI vs. DVXE - Volatility Comparison

The current volatility for Westwood Salient Enhanced Energy Income ETF (WEEI) is 4.28%, while WEBs Energy XLE Defined Volatility ETF (DVXE) has a volatility of 8.29%. This indicates that WEEI experiences smaller price fluctuations and is considered to be less risky than DVXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEEI	DVXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.28%	8.29%	-4.01%
Volatility (6M) Calculated over the trailing 6-month period	11.45%	22.36%	-10.91%
Volatility (1Y) Calculated over the trailing 1-year period	14.65%	30.92%	-16.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.23%	30.78%	-12.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.23%	30.78%	-12.55%

WEEI vs. DVXE - Expense Ratio Comparison

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

Dividends

WEEI vs. DVXE - Dividend Comparison

WEEI's dividend yield for the trailing twelve months is around 11.24%, while DVXE has not paid dividends to shareholders.

Position	TTM	2025	2024
DVXE WEBs Energy XLE Defined Volatility ETF	0.00%	0.00%	0.00%
WEEI Westwood Salient Enhanced Energy Income ETF	11.24%	12.59%	7.20%

Frequently Asked Questions

Can I hold both WEEI and DVXE in my portfolio?

With a correlation of 0.95, WEEI 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.

Which is riskier, WEEI or DVXE?

DVXE has higher volatility (8.29%) compared to WEEI (4.28%). In terms of maximum drawdown, WEEI dropped -18.78% vs DVXE's -21.83%.

Which ETF is better, WEEI or DVXE?

On 1-year performance, DVXE leads with 61.29% vs 30.50% for WEEI. On fees, WEEI is cheaper at 0.85% per year. On volatility, WEEI has been the lower-risk option at 4.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEEI or DVXE?

Over the 1-year period, DVXE has performed better with a 61.29% return vs 30.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEEI or DVXE?

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

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

WEEI has the higher dividend yield at 11.24%, compared with 0.00% for DVXE.

What is the main difference between WEEI and DVXE?

They also come from different issuers: Westwood and WEBs. Their fees differ too: 0.85% for WEEI and 0.89% for DVXE.

Which has better risk-adjusted returns?

WEEI currently has the higher Sharpe Ratio (1.96 vs 1.83), 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.