ZAP vs. DVUT

Last updated Jul 14, 2026

ZAP (Global X U.S. Electrification ETF) and DVUT (WEBs Utilities XLU Defined Volatility ETF) are both Utilities Equities funds - ZAP tracks the Global X U.S. Electrification Index while DVUT tracks the Syntax Defined Volatility XLU Index. Both are passively managed. Their correlation of 0.80 suggests significant overlap in exposure. ZAP charges 0.50%/yr vs 0.89%/yr for DVUT.

Performance

ZAP vs. DVUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X U.S. Electrification ETF (ZAP) and WEBs Utilities XLU Defined Volatility ETF (DVUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZAP achieves a 16.86% return, which is significantly higher than DVUT's 9.68% return.

ZAP

• 1D: -0.09%
• 1M: 1.43%
• 6M: 14.11%
• YTD: 16.86%
• 1Y: 27.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DVUT

• 1D: 1.00%
• 1M: 4.42%
• 6M: 10.92%
• YTD: 9.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ZAP vs. DVUT - Yearly Performance Comparison

	2026 (YTD)	2025
ZAP Global X U.S. Electrification ETF	16.86%	5.60%
DVUT WEBs Utilities XLU Defined Volatility ETF	9.68%	2.12%

Correlation

The correlation between ZAP and DVUT is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.80

Return for Risk

ZAP vs. DVUT — Risk / Return Rank

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

ZAP

ZAP Risk / Return Rank: 69
ZAP Sharpe Ratio Rank: 69
ZAP Sortino Ratio Rank: 66
ZAP Omega Ratio Rank: 62
ZAP Calmar Ratio Rank: 86
ZAP Martin Ratio Rank: 64

DVUT

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.

ZAP vs. DVUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Electrification ETF (ZAP) and WEBs Utilities XLU Defined Volatility ETF (DVUT). 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.

	ZAP	DVUT	Difference
Sharpe ratio: Return per unit of total volatility	1.76	—	—
Sortino ratio: Return per unit of downside risk	2.42	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	3.78	—	—
Martin ratio: Return relative to average drawdown	9.11	—	—

Drawdowns

ZAP vs. DVUT - Drawdown Comparison

The maximum ZAP drawdown since its inception was -12.38%, smaller than the maximum DVUT drawdown of -18.27%. Use the drawdown chart below to compare losses from any high point for ZAP and DVUT.

Drawdown Indicators

	ZAP	DVUT	Difference
Max Drawdown Largest peak-to-trough decline	-12.38%	-18.27%	+5.89%
Max Drawdown (1Y) Largest decline over 1 year	-7.23%	—	—
Current Drawdown Current decline from peak	-3.35%	-8.23%	+4.88%
Average Drawdown Average peak-to-trough decline	-2.58%	-7.91%	+5.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	—	—

Volatility

Volatility by Period

	ZAP	DVUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.53%	26.16%	-10.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.81%	26.16%	-9.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.81%	26.16%	-9.35%

ZAP vs. DVUT - Expense Ratio Comparison

ZAP has a 0.50% expense ratio, which is lower than DVUT's 0.89% expense ratio.

Dividends

ZAP vs. DVUT - Dividend Comparison

ZAP's dividend yield for the trailing twelve months is around 1.61%, while DVUT has not paid dividends to shareholders.

Position	TTM	2025	2024
DVUT WEBs Utilities XLU Defined Volatility ETF	0.00%	0.00%	0.00%
ZAP Global X U.S. Electrification ETF	1.61%	1.81%	0.00%

Frequently Asked Questions

Can I hold both ZAP and DVUT in my portfolio?

ZAP and DVUT have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ZAP or DVUT?

On fees, ZAP is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZAP or DVUT?

ZAP is cheaper with a 0.50% expense ratio, compared with 0.89% for DVUT.

Which ETF pays a higher dividend yield, ZAP or DVUT?

ZAP has the higher dividend yield at 1.61%, compared with 0.00% for DVUT.

What is the main difference between ZAP and DVUT?

ZAP tracks Global X U.S. Electrification Index, while DVUT tracks Syntax Defined Volatility XLU Index. They also come from different issuers: Global X and WEBs. Their fees differ too: 0.50% for ZAP and 0.89% for DVUT.