ETF Education Report: WEBs Defined Volatility XLI ETF (DVIN)

What this ETF is trying to do

The WEBs Defined Volatility XLI ETF (ticker: DVIN) is an exchange-traded fund listed on the NASDAQ. Based on its holdings, it focuses on industrial sector exposure through a specific strategy.

What the numbers show

The current price of the ETF is approximately $31.16. Looking back at history, we can look at an estimated price from roughly one year ago, which was about $24.65.

When looking at how the share price has moved, we see two different measurements:

• One-year price return: The share price increased by approximately 26.41% over the last year.

• Year-to-date (YTD) price return: Since the start of this year, the share price has increased by approximately 21.76%.

In this specific case, the total return data supplied is the same as the price return (21.76% YTD and 26.41% one-year). This means that for this period, the overall return matches the movement of the share price itself. Note that three-year return data was not supplied.

Income and distribution explanation

Some investors look for ETFs that pay out regular cash, known as distributions. For DVIN, no distributions were detected over the last 12 months. The distribution yield is 0%. Because there have been no payouts, this ETF is currently focused on share-price movement rather than providing cash income to investors.

NAV erosion explanation

"NAV" stands for Net Asset Value, which is the actual value of the assets held by the fund. "NAV erosion" happens when a fund's value is lost over time.

For this ETF, the erosion-risk score is 100, and the label is "No price erosion detected." The erosion severity is described as "good," and there is no severe erosion-risk flag. This means the data does not show signs of the price dropping due to internal value loss.

Top Holdings

The fund's holdings can change over time. As of the latest update on August 20, 2026, the fund has one primary holding:

• STATE STREET® INDSTRLSELSECTSPDR®ETF (XLI): 55.01%

Pros

• The ETF has shown positive price returns over both a one-year and year-to-date period.

• There are no signs of significant erosion risk according to the current measurements.

Cons

• This ETF does not currently provide cash distributions or a distribution yield for investors seeking regular income.

Beginner takeaway

DVIN has experienced growth in its share price over the last year. While it has not provided cash payments (distributions), its price has moved upward significantly. Always remember that price returns only track the cost of the shares, while total returns include any cash paid out to you.