XLBI vs. DVXB

Last updated Jul 12, 2026

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. With a 0.96 correlation, they move nearly in lockstep. XLBI charges 0.35%/yr vs 0.89%/yr for DVXB.

Performance

XLBI vs. DVXB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Materials Select Sector SPDR Premium Income ETF (XLBI) 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, XLBI achieves a 7.80% return, which is significantly lower than DVXB's 16.59% return.

XLBI

• 1D: 1.59%
• 1M: 0.97%
• 6M: 5.53%
• YTD: 7.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DVXB

• 1D: 1.59%
• 1M: -3.31%
• 6M: 3.92%
• YTD: 16.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLBI vs. DVXB - Yearly Performance Comparison

	2026 (YTD)	2025
XLBI State Street Materials Select Sector SPDR Premium Income ETF	7.80%	2.25%
DVXB WEBs Materials XLB Defined Volatility ETF	16.59%	-3.14%

Correlation

The correlation between XLBI and DVXB is 0.96 - 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 30, 2025	0.96

Return for Risk

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

Drawdown Indicators

	XLBI	DVXB	Difference
Max Drawdown Largest peak-to-trough decline	-10.62%	-19.77%	+9.15%
Current Drawdown Current decline from peak	-1.88%	-11.66%	+9.78%
Average Drawdown Average peak-to-trough decline	-2.10%	-7.29%	+5.19%

Volatility

Volatility by Period

	XLBI	DVXB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.93%	30.61%	-16.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.93%	30.61%	-16.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.93%	30.61%	-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 14.84%, 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	14.84%	7.71%

Frequently Asked Questions

Can I hold both XLBI and DVXB in my portfolio?

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.

Which ETF is better, XLBI or DVXB?

On fees, XLBI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLBI or DVXB?

XLBI is cheaper with a 0.35% expense ratio, compared with 0.89% for DVXB.

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

XLBI has the higher dividend yield at 14.84%, compared with 0.00% for DVXB.

What is the main difference between XLBI and 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.