DVXP vs SPY
WEBs Consumer Staples XLP 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 | DVXP | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.89% | 0.09% | |
| AUM | $258,992 | $789.1B | |
| Dividend Yield | 0.17% | 1.01% | |
| Holdings | 4 | 505 | |
| YTD Return | +14.76% | +13.75% | |
| 1Y Return | +1.50% | +22.91% | |
| 3Y Return (annualized) | - | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | 22.6% | 15.3% | |
| Max Drawdown | -16.4% | -56.5% | |
| Fund Family | WEBs Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 22, 2025 | Jan 22, 1993 |
DVXP vs SPY Performance
WEBs Consumer Staples XLP Defined Volatility ETF (DVXP) 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 DVXP returned +1.50% while SPY returned +22.91%. Year to date, DVXP is up 14.76% versus a gain of 13.75% for SPY.
Risk: Volatility and Drawdowns
DVXP has been the more volatile fund, with annualized monthly volatility of 22.6% 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 -16.4% for DVXP 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 0.14. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DVXP 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, DVXP currently yields 0.17% against 1.01% for SPY.
Holdings Overlap
DVXP 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, DVXP or SPY?
DVXP 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, DVXP or SPY?
Over the past year DVXP returned +1.50% vs +22.91% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), DVXP annualized +2.76% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, DVXP or SPY?
DVXP has been the more volatile fund at 22.6% annualized versus 15.3% for SPY. Worst drawdown: DVXP -16.4% vs SPY -56.5%.
Should I hold both DVXP and SPY?
DVXP and SPY have a monthly-return correlation of 0.14, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DVXP and SPY?
DVXP and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, DVXP or SPY?
DVXP yields 0.17% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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