ETF Evaluator:
WEBs Technology XLK Defined Vol ETF ()
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(as of Aug 21)
Best Performing in Technology Over the Last Year
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ETF Details
WEBs Technology XLK Defined Vol ETF Overview
WEBs Technology XLK Defined Vol ETF (DVXK) is a passively managed Sector Equity Technology 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 XLK 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 technology sector of the large-cap U.S. equity market. The fund is non-diversified.
About WEBs Technology XLK Defined Vol ETF (DVXK)
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 XLK TR USD index with a weighting of 100%. WEBs Technology XLK Defined Vol ETF has 4 securities in its portfolio. The top 10 holdings constitute 128.0% 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 Technology XLK Defined Vol ETF is part of the Equity global asset class and is within the Sector Equity ETF group. WEBs Technology XLK Defined Vol ETF has 0.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 44.7% There is 0.3% 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 Technology XLK Defined Vol ETF has 54.5% of the portfolio in cash.
Assets Under Management
The fund has $6 million in total assets, which is below the $3 billion average for the Technology 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.
DVXK 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 Technology XLK Defined Vol ETF expense ratio is high compared to funds in the Technology category. WEBs Technology XLK Defined Vol ETF has an expense ratio of 0.89%, which is 65% 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 Technology XLK 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 39% for the Technology category.
Recently, in the month of July 2026, WEBs Technology XLK Defined Vol ETF returned -6.3%, which earned it a grade of B, as the Technology category had an average return of -9.8%. 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 Technology XLK Defined Vol ETF has a trailing yield of 0.00%, which is below the 0.45% 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 Technology XLK Defined Vol ETF Grades
Year to date, the ETF has returned 25.9%, 4.5 percentage points better than the category, which translates into a grade of B. The fund has returned 43.0% over the past year (grade of B).
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DVXK Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DVXK Return (NAV) | -6.3% | 17.3% | 43.0% | na | na | na |
| DVXK Return (Price) | -6.4% | 18.6% | 41.4% | na | na | na |
| NAV +/- Price Return | 0.111% | -1.264% | 1.624% | na | na | na |
| Technology Avg | -9.8% | 7.3% | 33.6% | 22.3% | 10.5% | 19.0% |
| DVXK Grade (NAV) | B | A | B | na | na | na |
| +/- Category (NAV) | 3.6% | 10.0% | 9.4% | na | na | na |
| DVXK Tax-Cost Ratio | na | na | 1.3% | na | na | na |
DVXK Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DVXK Return (NAV) | 25.9% | na | na | na | na | na | na | na | na | na | na |
| DVXK Return (Price) | 24.4% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.058% | na | na | na | na | na | na | na | na | na | na |
| Technology Avg | 21.3% | 23.2% | 19.9% | 43.8% | -35.8% | 16.7% | 53.3% | 37.8% | -3.2% | 33.7% | 15.0% |
| DVXK Grade (NAV) | B | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 4.5% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 6 Mil |
| Share Class Assets: | $ 6 Mil |
| Turnover: | 0.0% |
| Expense Ratio: | 0.89% |
| Index Fund: | Yes |
| Index Tracked: | Syntax Defined Volatility XLK TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 1.0 years | |||
| Average Tenure: 1.0 years | |||
| Managers (Year): Zayas Rafael (2025), Wen Austin (2025), Ryder Devin (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 4 |
| % in Top 10 Holdings: | 128.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.3% |
Portfolio Allocation |
|
| Domestic Stock: | 44.7% |
| Foreign Stock: | 0.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.5% |
| Cash: | 54.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | WEBs Investments Inc. |
| Phone Number: | 844-855-9327 |
| Website: | https://www.syntaxindices.com/ |
| Inception Date: | July 22, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.89% (Rating: High) |
| Category Average Expense Ratio (%): | 0.54% |
