DVSP vs IVV
WEBs SPY Defined Volatility ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DVSP | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.89% | 0.03% | |
| AUM | $1M | $865.2B | |
| Dividend Yield | 0.26% | 1.09% | |
| Holdings | 4 | 508 | |
| YTD Return | +12.58% | +14.50% | |
| 1Y Return | +21.42% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 18.9% | 15.1% | |
| Max Drawdown | -22.7% | -56.5% | |
| Fund Family | WEBs Investments | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Dec 16, 2024 | May 15, 2000 |
DVSP vs IVV Performance
WEBs SPY Defined Volatility ETF (DVSP) is a ETF from WEBs Investments and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DVSP returned +21.42% while IVV returned +22.02%. Year to date, DVSP is up 12.58% versus a gain of 14.50% for IVV.
Risk: Volatility and Drawdowns
DVSP has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 15.1% for IVV. 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 -22.7% for DVSP and -56.5% for IVV. 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DVSP charges 0.89% per year while IVV charges 0.03%. On a $10,000 position that is $89 vs $3 annually, a gap of $86 per year that compounds over a long holding period. On income, DVSP currently yields 0.26% against 1.09% for IVV.
Holdings Overlap
DVSP and IVV share 0 holdings out of 506 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, DVSP or IVV?
DVSP has an expense ratio of 0.89% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, DVSP or IVV?
Over the past year DVSP returned +21.42% vs +22.02% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), DVSP annualized +13.34% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, DVSP or IVV?
DVSP has been the more volatile fund at 18.9% annualized versus 15.1% for IVV. Worst drawdown: DVSP -22.7% vs IVV -56.5%.
Should I hold both DVSP and IVV?
DVSP and IVV have a monthly-return correlation of 0.96, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between DVSP and IVV?
DVSP and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, DVSP or IVV?
DVSP yields 0.26% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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