DVSP vs SPY
WEBs SPY Defined Volatility ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, DVSP or SPY?
Nearly the same fund. SPY costs less.
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DVSP | SPY |
|---|---|---|
| Expense Ratio | 0.89% | 0.09%Best |
| AUM | $2M | $804.7B |
| Dividend Yield | 0.25% | 0.98% |
| Holdings | 4 | 505 |
| YTD Return | +8.43% | +12.09%Best |
| 1Y Return | +11.45% | +16.29%Best |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 18.3% | 12.7%Best |
| Max Drawdown | -22.7% | -18.8%Best |
| $10,000 over 1.8 years | $11,903 | $12,953Best |
| Fund Family | WEBs Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 16, 2024 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 17, 2024 to Sep 18, 2026 (1.8 years).
DVSP vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.8 years both funds cover.
DVSP vs SPY Performance
WEBs SPY Defined Volatility ETF (DVSP) is an ETF from WEBs Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year DVSP returned +11.45% while SPY returned +16.29%. Year to date, DVSP is up 8.43% versus a gain of 12.09% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DVSP has been the more volatile fund, with annualized monthly volatility of 18.3% compared with 12.7% for SPY. 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 -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 SPY charges 0.09%. On a $10,000 position that is $89 vs $9 annually, a gap of $80 per year that compounds over a long holding period. On income, DVSP currently yields 0.25% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1 holding in DVSP and 504 in SPY, totalling 47.4% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in DVSP and 504 in SPY, against full books of 4 and 505.
You are not choosing between two funds in isolation.
Whichever of DVSP and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DVSP or SPY?
DVSP has an expense ratio of 0.89% while SPY charges 0.09%. SPY is the cheaper option, by $80 a year on a $10,000 investment.
Which performed better, DVSP or SPY?
Over the past year DVSP returned +11.45% vs +16.29% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), DVSP annualized +10.16% vs +15.46% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DVSP or SPY?
DVSP has been the more volatile fund at 18.3% annualized versus 12.7% for SPY. Worst drawdown: DVSP -22.7% vs SPY -18.8%.
Should I hold both DVSP and SPY?
DVSP and SPY have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, DVSP or SPY?
DVSP yields 0.25% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than DVSP?
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.