DVUT vs SPY
WEBs Utilities XLU Defined Volatility ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | DVUT | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.89% | 0.09% | |
| AUM | $276,578 | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 4 | 505 | |
| YTD Return | -0.63% | +13.39% | |
| 1Y Return | +4.98% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 25.0% | 15.3% | |
| Max Drawdown | -16.9% | -56.5% | |
| Fund Family | WEBs Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 22, 2025 | Jan 22, 1993 |
DVUT vs SPY Performance
WEBs Utilities XLU Defined Volatility ETF (DVUT) is a ETF from WEBs Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DVUT returned +4.98% while SPY returned +22.52%. Year to date, DVUT is down 0.63% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
DVUT has been the more volatile fund, with annualized monthly volatility of 25.0% compared with 15.3% 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 -16.9% for DVUT and -56.5% for SPY. 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 0.10. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DVUT 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, DVUT currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
DVUT and SPY share 0 holdings out of 504 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, DVUT or SPY?
DVUT has an expense ratio of 0.89% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $80 per year of difference.
Which performed better, DVUT or SPY?
Over the past year DVUT returned +4.98% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), DVUT annualized +8.10% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, DVUT or SPY?
DVUT has been the more volatile fund at 25.0% annualized versus 15.3% for SPY. Worst drawdown: DVUT -16.9% vs SPY -56.5%.
Should I hold both DVUT and SPY?
DVUT and SPY have a monthly-return correlation of 0.10, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DVUT and SPY?
DVUT and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, DVUT or SPY?
DVUT yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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