DVXK vs SPY
WEBs Technology XLK Defined Volatility ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. DVXK delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | DVXK | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.89% | 0.09% | |
| AUM | $6M | $789.1B | |
| Dividend Yield | 2.47% | 1.01% | |
| Holdings | 4 | 505 | |
| YTD Return | +32.21% | +13.75% | |
| 1Y Return | +49.51% | +22.91% | |
| 3Y Return (annualized) | - | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | 39.9% | 15.3% | |
| Max Drawdown | -24.1% | -56.5% | |
| Fund Family | WEBs Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 22, 2025 | Jan 22, 1993 |
DVXK vs SPY Performance
WEBs Technology XLK Defined Volatility ETF (DVXK) 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 DVXK returned +49.51% while SPY returned +22.91%. Year to date, DVXK is up 32.21% versus a gain of 13.75% for SPY.
Risk: Volatility and Drawdowns
DVXK has been the more volatile fund, with annualized monthly volatility of 39.9% 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 -24.1% for DVXK 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DVXK 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, DVXK currently yields 2.47% against 1.01% for SPY.
Holdings Overlap
DVXK 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, DVXK or SPY?
DVXK 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, DVXK or SPY?
Over the past year DVXK returned +49.51% vs +22.91% for SPY, so DVXK leads on 1-year performance. Over the longest common window we track (1 years), DVXK annualized +50.41% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, DVXK or SPY?
DVXK has been the more volatile fund at 39.9% annualized versus 15.3% for SPY. Worst drawdown: DVXK -24.1% vs SPY -56.5%.
Should I hold both DVXK and SPY?
DVXK and SPY have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DVXK and SPY?
DVXK and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, DVXK or SPY?
DVXK yields 2.47% while SPY yields 1.01%, so DVXK currently pays the higher dividend yield.
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