ETF Evaluator: WEBs Industrials XLI Defined Vol ETF () Follow This ETF

WEBs Industrials XLI Defined Vol ETF Overview

WEBs Industrials XLI Defined Vol ETF (DVIN) is a passively managed Sector Equity Industrials exchange-traded fund (ETF). WEBs Investments Inc. launched the ETF in 2025.

The investment seeks to provide investment results that, before fees and expenses, correspond to the performance of the Syntax Defined Volatility XLI Index (the “Index”). The fund implements its investment objective by investing, under normal market conditions, at least 80% of its net assets (including borrowings for investment purposes) in financial instruments that achieve the investment results of the index. The index is a rules-based strategy that seeks to track the net asset value of a portfolio of securities of companies in the industrial sector of the large-cap U.S. equity market. The fund is non-diversified.

About WEBs Industrials XLI Defined Vol ETF (DVIN)

There are 3 members of the management team with an average tenure of 1.02 years: Rafael Zayas (2025), Austin Wen (2025) and Devin Ryder (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: Syntax Defined Volatility XLI TR USD index with a weighting of 100%. WEBs Industrials XLI Defined Vol ETF has 4 securities in its portfolio. The top 10 holdings constitute 241.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

WEBs Industrials XLI Defined Vol ETF is part of the Equity global asset class and is within the Sector Equity ETF group. WEBs Industrials XLI Defined Vol ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 51.6% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). WEBs Industrials XLI Defined Vol ETF has 39.9% of the portfolio in cash.

Assets Under Management

The fund has $297 million in total assets, which is below the $1 billion average for the Industrials category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

DVIN Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The WEBs Industrials XLI Defined Vol ETF expense ratio is high compared to funds in the Industrials category. WEBs Industrials XLI Defined Vol ETF has an expense ratio of 0.89%, which is 75% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. WEBs Industrials XLI Defined Vol ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 40% for the Industrials category.

Recently, in the month of July 2026, WEBs Industrials XLI Defined Vol ETF returned -4.9%, which earned it a grade of C, as the Industrials category had an average return of -4.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

WEBs Industrials XLI Defined Vol ETF has a trailing yield of 0.00%, which is below the 1.11% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

WEBs Industrials XLI Defined Vol ETF Grades

Year to date, the ETF has returned 16.5%, 3.9 percentage points better than the category, which translates into a grade of B. The fund has returned 17.9% over the past year (grade of D).

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