What this ETF is trying to do

The WEBs Defined Volatility XLRE ETF (DVRE) is an exchange-traded fund. Based on its holdings, it focuses on real estate. As of October 7, 2026, its only holding is the State Street Real Estate Select Sector SPDR Fund (XLRE), which makes up 52.34% of the portfolio.

What the numbers show

As of October 5, 2026, the current price of one share is $25.15.

To understand how the price has changed, we can look at the price return. The price return measures only the change in the share price. For this ETF:

• Year-to-Date (YTD) Price Return: 13.97%

• One-Year Price Return: 3.48%

The total return is different because it includes both the share-price change and any distributions paid to investors.

• YTD Total Return: 13.97%

• One-Year Total Return: 4.49%

For a simple example, if you had invested $10,000 exactly one year ago at the estimated price of $24.30, the price-only increase of 3.48% would mean your shares are now worth approximately $10,348.

Income and distribution explanation

This ETF has a distribution yield of 0.87%. This is the amount of cash paid out relative to the ETF's price. In the last 12 months, there was only one payout. The distribution frequency is listed as irregular or less frequent.

It is important for new investors to remember that a distribution yield is not the same as a total return. A high yield alone can be misleading because it does not tell you if the share price is going up or down.

NAV erosion explanation

"NAV erosion" happens when the actual value of the assets inside a fund drops over time. Investors who want steady income care about principal stability because they don't want their original investment to shrink.

DVRE has an erosion-risk score of 94, which is labeled as "Stable / sideways." The erosion severity is described as "good," and there is no severe erosion-risk flag for this fund.

Pros

• The one-year total return is positive at 4.49%.

• The erosion-risk score suggests the price trend has been stable.

Cons

• The distribution yield is relatively low (0.87%).

• Payouts are irregular and infrequent.

Beginner takeaway

DVRE is a real estate-focused ETF with a stable erosion-risk score. While it has seen a price increase over the last year, it does not provide frequent or high cash distributions. Always look at the total return rather than just the yield to see the full picture.