XLBI vs. DVXB
XLBI (State Street Materials Select Sector SPDR Premium Income ETF) and DVXB (WEBs Materials XLB Defined Volatility ETF) are both exchange-traded funds - XLBI is a Derivative Income fund actively managed by State Street, while DVXB is a Materials fund tracking the Syntax Defined Volatility XLB Index. XLBI is actively managed, while DVXB is passively managed. Over the past year, XLBI returned 14.41% vs 20.35% for DVXB. Their 0.96 correlation means they have historically moved very closely together. XLBI charges 0.35%/yr vs 0.89%/yr for DVXB.
Performance
XLBI vs. DVXB - Performance Comparison
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Returns By Period
In the year-to-date period, XLBI achieves a 7.49% return, which is significantly lower than DVXB's 15.12% return.
XLBI
- 1D
- -1.27%
- 1M
- -1.73%
- 6M
- 3.94%
- YTD
- 7.49%
- 1Y
- 14.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.90%
DVXB
- 1D
- -3.82%
- 1M
- -4.08%
- 6M
- -0.84%
- YTD
- 15.12%
- 1Y
- 20.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.05K | $1.06K | $4.38K | |
| $131.30K | $122.38K | $132.20K |
XLBI vs. DVXB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLBI State Street Materials Select Sector SPDR Premium Income ETF | 7.49% | 2.25% |
DVXB WEBs Materials XLB Defined Volatility ETF | 15.12% | -3.14% |
Correlation
The correlation between XLBI and DVXB is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | 0.96 |
The correlation between XLBI and DVXB has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.
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Return for Risk
XLBI vs. DVXB — Risk / Return Rank
XLBI
DVXB
XLBI vs. DVXB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Materials Select Sector SPDR Premium Income ETF (XLBI) 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.
| XLBI | DVXB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.12 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 0.91 | +0.34 |
| Martin ratioReturn relative to average drawdown | 4.66 | 2.08 | +2.57 |
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Drawdowns
XLBI vs. DVXB - Drawdown Comparison
The maximum XLBI drawdown since its inception was -10.62%, smaller than the maximum DVXB drawdown of -19.77%. Use the drawdown chart below to compare losses from any high point for XLBI and DVXB.
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Drawdown Indicators
| XLBI | DVXB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.62% | -19.77% | +9.15% |
Max Drawdown (1Y)Largest decline over 1 year | -10.62% | -19.77% | +9.15% |
Current DrawdownCurrent decline from peak | -2.43% | -12.78% | +10.35% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -7.54% | +5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 8.63% | -5.77% |
Volatility
XLBI vs. DVXB - Volatility Comparison
The current volatility for State Street Materials Select Sector SPDR Premium Income ETF (XLBI) is 4.91%, while WEBs Materials XLB Defined Volatility ETF (DVXB) has a volatility of 8.95%. This indicates that XLBI experiences smaller price fluctuations and is considered to be less risky than DVXB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLBI | DVXB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 8.95% | -4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 11.38% | 22.87% | -11.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.82% | 30.49% | -16.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 30.60% | -16.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 30.60% | -16.68% |
XLBI vs. DVXB - Expense Ratio Comparison
XLBI has a 0.35% expense ratio, which is lower than DVXB's 0.89% expense ratio.
Dividends
XLBI vs. DVXB - Dividend Comparison
XLBI's dividend yield for the trailing twelve months is around 14.88%, while DVXB has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
DVXB WEBs Materials XLB Defined Volatility ETF | 0.00% | 0.00% |
XLBI State Street Materials Select Sector SPDR Premium Income ETF | 14.88% | 7.71% |
Frequently Asked Questions
With a correlation of 0.96, XLBI and DVXB 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.
DVXB has higher volatility (8.95%) compared to XLBI (4.91%). In terms of maximum drawdown, XLBI dropped -10.62% vs DVXB's -19.77%.
On 1-year performance, DVXB leads with 20.35% vs 14.41% for XLBI. On fees, XLBI is cheaper at 0.35% per year. On volatility, XLBI has been the lower-risk option at 4.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DVXB has performed better with a 20.35% return vs 14.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLBI is cheaper with a 0.35% expense ratio, compared with 0.89% for DVXB.
XLBI has the higher dividend yield at 14.88%, compared with 0.00% for DVXB.
XLBI is categorized as Derivative Income, while DVXB is Materials. They also come from different issuers: State Street and WEBs. Their fees differ too: 0.35% for XLBI and 0.89% for DVXB.
XLBI currently has the higher Sharpe Ratio (0.97 vs 0.59), 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.
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