WOOD vs. DVXB

Last updated Jul 17, 2026

WOOD (iShares Global Timber & Forestry ETF) and DVXB (WEBs Materials XLB Defined Volatility ETF) are both Materials funds - WOOD tracks the S&P Global Timber & Forestry Index while DVXB tracks the Syntax Defined Volatility XLB Index. Both are passively managed. A 0.70 correlation means they provide meaningful diversification when combined. WOOD charges 0.46%/yr vs 0.89%/yr for DVXB.

Performance

WOOD vs. DVXB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Timber & Forestry ETF (WOOD) and WEBs Materials XLB Defined Volatility ETF (DVXB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WOOD achieves a -3.36% return, which is significantly lower than DVXB's 16.74% return.

WOOD

• 1D: 1.08%
• 1M: 1.17%
• 6M: -9.34%
• YTD: -3.36%
• 1Y: -4.61%
• 3Y*: -0.61%
• 5Y*: -2.45%
• 10Y*: 5.67%

DVXB

• 1D: 1.26%
• 1M: -4.44%
• 6M: 1.54%
• YTD: 16.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WOOD vs. DVXB - Yearly Performance Comparison

	2026 (YTD)	2025
WOOD iShares Global Timber & Forestry ETF	-3.36%	-1.53%
DVXB WEBs Materials XLB Defined Volatility ETF	16.74%	-6.27%

Correlation

The correlation between WOOD and DVXB is 0.70, 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	0.70

Return for Risk

WOOD vs. DVXB — Risk / Return Rank

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

WOOD

WOOD Risk / Return Rank: 7
WOOD Sharpe Ratio Rank: 7
WOOD Sortino Ratio Rank: 7
WOOD Omega Ratio Rank: 7
WOOD Calmar Ratio Rank: 7
WOOD Martin Ratio Rank: 7

DVXB

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.

WOOD vs. DVXB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Timber & Forestry ETF (WOOD) and WEBs Materials XLB Defined Volatility ETF (DVXB). 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.

	WOOD	DVXB	Difference
Sharpe ratio: Return per unit of total volatility	-0.25	—	—
Sortino ratio: Return per unit of downside risk	-0.23	—	—
Omega ratio: Gain probability vs. loss probability	0.97	—	—
Calmar ratio: Return relative to maximum drawdown	-0.21	—	—
Martin ratio: Return relative to average drawdown	-0.42	—	—

Drawdowns

WOOD vs. DVXB - Drawdown Comparison

The maximum WOOD drawdown since its inception was -63.25%, which is greater than DVXB's maximum drawdown of -19.77%. Use the drawdown chart below to compare losses from any high point for WOOD and DVXB.

Drawdown Indicators

	WOOD	DVXB	Difference
Max Drawdown Largest peak-to-trough decline	-63.25%	-19.77%	-43.48%
Max Drawdown (1Y) Largest decline over 1 year	-21.64%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.71%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.20%	—	—
Current Drawdown Current decline from peak	-21.39%	-11.55%	-9.84%
Average Drawdown Average peak-to-trough decline	-14.82%	-7.37%	-7.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.08%	—	—

Volatility

Volatility by Period

	WOOD	DVXB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.36%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.70%	30.41%	-11.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.73%	30.41%	-10.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.71%	30.41%	-8.70%

WOOD vs. DVXB - Expense Ratio Comparison

WOOD has a 0.46% expense ratio, which is lower than DVXB's 0.89% expense ratio.

Dividends

WOOD vs. DVXB - Dividend Comparison

WOOD's dividend yield for the trailing twelve months is around 2.44%, while DVXB has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVXB WEBs Materials XLB 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%
WOOD iShares Global Timber & Forestry ETF	2.44%	2.51%	2.09%	1.64%	2.26%	1.24%	0.98%	1.85%	2.82%	1.19%	1.65%	2.04%

Frequently Asked Questions

Can I hold both WOOD and DVXB in my portfolio?

WOOD and DVXB have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WOOD or DVXB?

On fees, WOOD is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WOOD or DVXB?

WOOD is cheaper with a 0.46% expense ratio, compared with 0.89% for DVXB.

Which ETF pays a higher dividend yield, WOOD or DVXB?

WOOD has the higher dividend yield at 2.44%, compared with 0.00% for DVXB.

What is the main difference between WOOD and DVXB?

WOOD tracks S&P Global Timber & Forestry Index, while DVXB tracks Syntax Defined Volatility XLB Index. They also come from different issuers: iShares and WEBs. Their fees differ too: 0.46% for WOOD and 0.89% for DVXB.