DVXE vs SPY
WEBs Energy XLE Defined Volatility ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. DVXE delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DVXE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.89% | 0.09% | |
| AUM | $636,072 | $814.4B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 4 | 505 | |
| YTD Return | +53.51% | +12.87% | |
| 1Y Return | +67.06% | +21.13% | |
| 3Y Return (annualized) | - | +20.86% | |
| 5Y Return (annualized) | - | +12.69% | |
| Volatility (annualized) | 32.6% | 15.3% | |
| Max Drawdown | -21.8% | -56.5% | |
| Fund Family | WEBs Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 22, 2025 | Jan 22, 1993 |
DVXE vs SPY Performance
WEBs Energy XLE Defined Volatility ETF (DVXE) is a ETF from WEBs Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DVXE returned +67.06% while SPY returned +21.13%. Year to date, DVXE is up 53.51% versus a gain of 12.87% for SPY.
Risk: Volatility and Drawdowns
DVXE has been the more volatile fund, with annualized monthly volatility of 32.6% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -21.8% for DVXE and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DVXE charges 0.89% per year while SPY charges 0.09%. On a $10,000 position that is $89 vs $9 annually, a gap of $80 per year that compounds over a long holding period. On income, DVXE currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
DVXE and SPY share 0 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DVXE or SPY?
DVXE has an expense ratio of 0.89% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $80 per year of difference.
Which performed better, DVXE or SPY?
Over the past year DVXE returned +67.06% vs +21.13% for SPY, so DVXE leads on 1-year performance. Over the longest common window we track (1 years), DVXE annualized +64.97% vs +8.80% for SPY. Past performance does not guarantee future results.
Which is riskier, DVXE or SPY?
DVXE has been the more volatile fund at 32.6% annualized versus 15.3% for SPY. Worst drawdown: DVXE -21.8% vs SPY -56.5%.
Should I hold both DVXE and SPY?
DVXE and SPY have a monthly-return correlation of -0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DVXE and SPY?
DVXE and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, DVXE or SPY?
DVXE yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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