XLP vs. DVXP

Last updated Jun 25, 2026

XLP (State Street Consumer Staples Select Sector SPDR ETF) and DVXP (WEBs Consumer Staples XLP Defined Volatility ETF) are both Consumer Staples Equities funds - XLP tracks the Consumer Staples Select Sector Index while DVXP tracks the Syntax Defined Volatility XLP Index. Both are passively managed. With a 0.99 correlation, they move nearly in lockstep. XLP charges 0.08%/yr vs 0.89%/yr for DVXP.

Performance

XLP vs. DVXP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Consumer Staples Select Sector SPDR ETF (XLP) and WEBs Consumer Staples XLP Defined Volatility ETF (DVXP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLP achieves a 10.07% return, which is significantly lower than DVXP's 13.94% return.

XLP

• 1D: 0.86%
• 1M: 0.27%
• YTD: 10.07%
• 6M: 9.45%
• 1Y: 6.70%
• 3Y*: 7.48%
• 5Y*: 6.70%
• 10Y*: 7.60%

DVXP

• 1D: 0.90%
• 1M: -0.52%
• YTD: 13.94%
• 6M: 12.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLP vs. DVXP - Yearly Performance Comparison

	2026 (YTD)	2025
XLP State Street Consumer Staples Select Sector SPDR ETF	10.07%	-3.41%
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	13.94%	-10.24%

Correlation

The correlation between XLP and DVXP 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 23, 2025	0.99

Return for Risk

XLP vs. DVXP — Risk / Return Rank

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

XLP

XLP Risk / Return Rank: 16
XLP Sharpe Ratio Rank: 17
XLP Sortino Ratio Rank: 16
XLP Omega Ratio Rank: 15
XLP Calmar Ratio Rank: 18
XLP Martin Ratio Rank: 15

DVXP

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.

XLP vs. DVXP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Consumer Staples Select Sector SPDR ETF (XLP) and WEBs Consumer Staples XLP Defined Volatility ETF (DVXP). 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.

	XLP	DVXP	Difference
Sharpe ratio: Return per unit of total volatility	0.51	—	—
Sortino ratio: Return per unit of downside risk	0.82	—	—
Omega ratio: Gain probability vs. loss probability	1.09	—	—
Calmar ratio: Return relative to maximum drawdown	0.69	—	—
Martin ratio: Return relative to average drawdown	1.32	—	—

Drawdowns

XLP vs. DVXP - Drawdown Comparison

The maximum XLP drawdown since its inception was -35.90%, which is greater than DVXP's maximum drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for XLP and DVXP.

Drawdown Indicators

	XLP	DVXP	Difference
Max Drawdown Largest peak-to-trough decline	-35.90%	-16.36%	-19.54%
Max Drawdown (1Y) Largest decline over 1 year	-9.69%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.30%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.51%	—	—
Current Drawdown Current decline from peak	-5.01%	-8.36%	+3.35%
Average Drawdown Average peak-to-trough decline	-7.06%	-8.29%	+1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.10%	—	—

Volatility

Volatility by Period

	XLP	DVXP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.11%	21.13%	-8.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.37%	21.13%	-7.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.77%	21.13%	-6.36%

XLP vs. DVXP - Expense Ratio Comparison

XLP has a 0.08% expense ratio, which is lower than DVXP's 0.89% expense ratio.

Dividends

XLP vs. DVXP - Dividend Comparison

XLP's dividend yield for the trailing twelve months is around 2.60%, more than DVXP's 0.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	0.17%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLP State Street Consumer Staples Select Sector SPDR ETF	2.60%	2.75%	2.77%	2.63%	2.47%	2.28%	2.50%	2.57%	3.04%	2.62%	2.53%	2.52%

Frequently Asked Questions

Can I hold both XLP and DVXP in my portfolio?

With a correlation of 0.99, XLP and DVXP 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, XLP or DVXP?

On fees, XLP is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLP or DVXP?

XLP is cheaper with a 0.08% expense ratio, compared with 0.89% for DVXP.

Which ETF pays a higher dividend yield, XLP or DVXP?

XLP has the higher dividend yield at 2.60%, compared with 0.17% for DVXP.

What is the main difference between XLP and DVXP?

XLP tracks Consumer Staples Select Sector Index, while DVXP tracks Syntax Defined Volatility XLP Index. They also come from different issuers: State Street and WEBs. Their fees differ too: 0.08% for XLP and 0.89% for DVXP.