XLFI vs. DVXF

Last updated Jul 18, 2026

XLFI (State Street Financial Select Sector SPDR Premium Income ETF) and DVXF (WEBs Financial XLF Defined Volatility ETF) are both exchange-traded funds - XLFI is a Derivative Income fund actively managed by State Street, while DVXF is a Financials Equities fund tracking the Syntax Defined Volatility XLF Index. XLFI is actively managed, while DVXF is passively managed. With a 0.96 correlation, they move nearly in lockstep. XLFI charges 0.35%/yr vs 0.89%/yr for DVXF.

Performance

XLFI vs. DVXF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Financial Select Sector SPDR Premium Income ETF (XLFI) and WEBs Financial XLF Defined Volatility ETF (DVXF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLFI achieves a 2.34% return, which is significantly lower than DVXF's 4.34% return.

XLFI

• 1D: -0.50%
• 1M: 3.86%
• 6M: 2.74%
• YTD: 2.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DVXF

• 1D: -1.43%
• 1M: 8.34%
• 6M: 6.08%
• YTD: 4.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLFI vs. DVXF - Yearly Performance Comparison

	2026 (YTD)	2025
XLFI State Street Financial Select Sector SPDR Premium Income ETF	2.34%	5.40%
DVXF WEBs Financial XLF Defined Volatility ETF	4.34%	5.02%

Correlation

The correlation between XLFI and DVXF 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

XLFI vs. DVXF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Financial Select Sector SPDR Premium Income ETF (XLFI) and WEBs Financial XLF Defined Volatility ETF (DVXF). 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

XLFI vs. DVXF - Drawdown Comparison

The maximum XLFI drawdown since its inception was -11.89%, smaller than the maximum DVXF drawdown of -26.68%. Use the drawdown chart below to compare losses from any high point for XLFI and DVXF.

Drawdown Indicators

	XLFI	DVXF	Difference
Max Drawdown Largest peak-to-trough decline	-11.89%	-26.68%	+14.79%
Current Drawdown Current decline from peak	-0.50%	-1.43%	+0.93%
Average Drawdown Average peak-to-trough decline	-3.12%	-9.11%	+5.99%

Volatility

Volatility by Period

	XLFI	DVXF	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.95%	27.92%	-15.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.95%	27.92%	-15.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.95%	27.92%	-15.97%

XLFI vs. DVXF - Expense Ratio Comparison

XLFI has a 0.35% expense ratio, which is lower than DVXF's 0.89% expense ratio.

Dividends

XLFI vs. DVXF - Dividend Comparison

XLFI's dividend yield for the trailing twelve months is around 11.38%, while DVXF has not paid dividends to shareholders.

Position	TTM	2025
DVXF WEBs Financial XLF Defined Volatility ETF	0.00%	0.00%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	11.38%	5.57%

Frequently Asked Questions

Can I hold both XLFI and DVXF in my portfolio?

With a correlation of 0.96, XLFI and DVXF 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, XLFI or DVXF?

On fees, XLFI 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, XLFI or DVXF?

XLFI is cheaper with a 0.35% expense ratio, compared with 0.89% for DVXF.

Which ETF pays a higher dividend yield, XLFI or DVXF?

XLFI has the higher dividend yield at 11.38%, compared with 0.00% for DVXF.

What is the main difference between XLFI and DVXF?

XLFI is categorized as Derivative Income, while DVXF is Financials Equities. They also come from different issuers: State Street and WEBs. Their fees differ too: 0.35% for XLFI and 0.89% for DVXF.