XLP vs. DVXP
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
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Returns By Period
In the year-to-date period, XLP achieves a 6.21% return, which is significantly lower than DVXP's 8.71% return.
XLP
- 1D
- -0.15%
- 1M
- -2.40%
- YTD
- 6.21%
- 6M
- 6.01%
- 1Y
- 2.54%
- 3Y*
- 6.67%
- 5Y*
- 5.52%
- 10Y*
- 7.17%
DVXP
- 1D
- -0.22%
- 1M
- -4.00%
- YTD
- 8.71%
- 6M
- 7.88%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLP vs. DVXP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLP State Street Consumer Staples Select Sector SPDR ETF | 6.21% | -3.44% |
DVXP WEBs Consumer Staples XLP Defined Volatility ETF | 8.71% | -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 24, 2025 | 0.99 |
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Return for Risk
XLP vs. DVXP — Risk / Return Rank
XLP
DVXP
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.
| XLP | DVXP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.04 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | — | — |
| Martin ratioReturn relative to average drawdown | 0.52 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XLP | DVXP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | -0.13 | +0.57 |
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.
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Drawdown Indicators
| XLP | DVXP | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -8.34% | -12.57% | +4.23% |
Average DrawdownAverage peak-to-trough decline | -7.06% | -8.28% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.94% | — | — |
Volatility
XLP vs. DVXP - Volatility Comparison
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Volatility by Period
| XLP | DVXP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.84% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 20.99% | -8.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.29% | 20.99% | -7.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.73% | 20.99% | -6.26% |
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 2.65%, 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 | 2.65% | 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
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.
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.
XLP is cheaper with a 0.08% expense ratio, compared with 0.89% for DVXP.
XLP has the higher dividend yield at 2.65%, compared with 0.17% for 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.
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