XLE vs. DVXE
XLE (State Street Energy Select Sector SPDR ETF) and DVXE (WEBs Energy XLE Defined Volatility ETF) are both Energy Equities funds - XLE tracks the Energy Select Sector Index while DVXE tracks the Syntax Defined Volatility XLE Index. Both are passively managed. With a 0.99 correlation, they move nearly in lockstep. XLE charges 0.08%/yr vs 0.89%/yr for DVXE.
Performance
XLE vs. DVXE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XLE achieves a 32.26% return, which is significantly lower than DVXE's 44.86% return.
XLE
- 1D
- 0.07%
- 1M
- -1.18%
- YTD
- 32.26%
- 6M
- 29.34%
- 1Y
- 47.98%
- 3Y*
- 17.74%
- 5Y*
- 20.45%
- 10Y*
- 9.99%
DVXE
- 1D
- -0.08%
- 1M
- -2.12%
- YTD
- 44.86%
- 6M
- 38.07%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLE vs. DVXE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLE State Street Energy Select Sector SPDR ETF | 32.26% | 4.77% |
DVXE WEBs Energy XLE Defined Volatility ETF | 44.86% | 4.49% |
Correlation
The correlation between XLE and DVXE is 0.99 - 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 | 0.99 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XLE vs. DVXE — Risk / Return Rank
XLE
DVXE
XLE vs. DVXE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Energy Select Sector SPDR ETF (XLE) 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.
| XLE | DVXE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | — | — |
| Martin ratioReturn relative to average drawdown | 11.60 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XLE | DVXE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 1.98 | -1.67 |
Drawdowns
XLE vs. DVXE - Drawdown Comparison
The maximum XLE drawdown since its inception was -71.26%, which is greater than DVXE's maximum drawdown of -17.96%. Use the drawdown chart below to compare losses from any high point for XLE and DVXE.
Loading charts...
Drawdown Indicators
| XLE | DVXE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.26% | -17.96% | -53.30% |
Max Drawdown (1Y)Largest decline over 1 year | -12.05% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.04% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.81% | — | — |
Current DrawdownCurrent decline from peak | -6.09% | -12.06% | +5.97% |
Average DrawdownAverage peak-to-trough decline | -17.98% | -5.83% | -12.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | — | — |
Volatility
XLE vs. DVXE - Volatility Comparison
Loading charts...
Volatility by Period
| XLE | DVXE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.25% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.51% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.50% | 31.16% | -10.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.01% | 31.16% | -5.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.58% | 31.16% | -1.58% |
XLE vs. DVXE - Expense Ratio Comparison
XLE has a 0.08% expense ratio, which is lower than DVXE's 0.89% expense ratio.
Dividends
XLE vs. DVXE - Dividend Comparison
XLE's dividend yield for the trailing twelve months is around 2.54%, 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% |
XLE State Street Energy Select Sector SPDR ETF | 2.54% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
Frequently Asked Questions
With a correlation of 0.99, XLE 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, XLE is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLE is cheaper with a 0.08% expense ratio, compared with 0.89% for DVXE.
XLE has the higher dividend yield at 2.54%, compared with 0.00% for DVXE.
XLE tracks Energy Select Sector Index, while DVXE tracks Syntax Defined Volatility XLE Index. They also come from different issuers: State Street and WEBs. Their fees differ too: 0.08% for XLE and 0.89% for DVXE.
Find the right allocation for XLE and DVXE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer