DVSP vs. BDGS

Last updated Jun 24, 2026

DVSP (WEBs SPY Defined Volatility ETF) and BDGS (Bridges Capital Tactical ETF) are both Large Cap Blend Equities funds. DVSP is passively managed, while BDGS is actively managed. Over the past year, DVSP returned 27.52% vs 11.63% for BDGS. Their correlation of 0.81 suggests significant overlap in exposure. DVSP charges 0.89%/yr vs 0.87%/yr for BDGS.

Performance

DVSP vs. BDGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs SPY Defined Volatility ETF (DVSP) and Bridges Capital Tactical ETF (BDGS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with DVSP having a 4.43% return and BDGS slightly lower at 4.21%.

DVSP

• 1D: -1.57%
• 1M: -3.09%
• YTD: 4.43%
• 6M: 2.58%
• 1Y: 27.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BDGS

• 1D: -0.33%
• 1M: -1.13%
• YTD: 4.21%
• 6M: 3.97%
• 1Y: 11.63%
• 3Y*: 13.42%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DVSP vs. BDGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DVSP WEBs SPY Defined Volatility ETF	4.43%	15.57%	-5.64%
BDGS Bridges Capital Tactical ETF	4.21%	10.61%	-1.25%

Correlation

The correlation between DVSP and BDGS is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (All Time) Calculated using the full available price history since Dec 17, 2024	0.81

The correlation between DVSP and BDGS has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.

Return for Risk

DVSP vs. BDGS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DVSP

DVSP Risk / Return Rank: 40
DVSP Sharpe Ratio Rank: 41
DVSP Sortino Ratio Rank: 37
DVSP Omega Ratio Rank: 38
DVSP Calmar Ratio Rank: 38
DVSP Martin Ratio Rank: 44

BDGS

BDGS Risk / Return Rank: 62
BDGS Sharpe Ratio Rank: 56
BDGS Sortino Ratio Rank: 61
BDGS Omega Ratio Rank: 64
BDGS Calmar Ratio Rank: 61
BDGS Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DVSP vs. BDGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs SPY Defined Volatility ETF (DVSP) and Bridges Capital Tactical ETF (BDGS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DVSP	BDGS	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.84	-0.52
Sortino ratio: Return per unit of downside risk	1.79	2.75	-0.96
Omega ratio: Gain probability vs. loss probability	1.23	1.37	-0.14
Calmar ratio: Return relative to maximum drawdown	1.78	2.90	-1.12
Martin ratio: Return relative to average drawdown	6.68	12.72	-6.04

DVSP vs. BDGS - Sharpe Ratio Comparison

The current DVSP Sharpe Ratio is 1.33, which is comparable to the BDGS Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of DVSP and BDGS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DVSP vs. BDGS - Drawdown Comparison

The maximum DVSP drawdown since its inception was -22.71%, which is greater than BDGS's maximum drawdown of -9.12%. Use the drawdown chart below to compare losses from any high point for DVSP and BDGS.

Drawdown Indicators

	DVSP	BDGS	Difference
Max Drawdown Largest peak-to-trough decline	-22.71%	-9.12%	-13.59%
Max Drawdown (1Y) Largest decline over 1 year	-15.56%	-4.03%	-11.53%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.12%	—
Current Drawdown Current decline from peak	-6.24%	-2.17%	-4.07%
Average Drawdown Average peak-to-trough decline	-5.53%	-0.66%	-4.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.13%	0.92%	+3.21%

Volatility

DVSP vs. BDGS - Volatility Comparison

WEBs SPY Defined Volatility ETF (DVSP) has a higher volatility of 7.77% compared to Bridges Capital Tactical ETF (BDGS) at 2.30%. This indicates that DVSP's price experiences larger fluctuations and is considered to be riskier than BDGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVSP	BDGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.77%	2.30%	+5.47%
Volatility (6M) Calculated over the trailing 6-month period	15.89%	5.17%	+10.72%
Volatility (1Y) Calculated over the trailing 1-year period	20.91%	6.38%	+14.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.24%	8.22%	+14.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.24%	8.22%	+14.02%

DVSP vs. BDGS - Expense Ratio Comparison

DVSP has a 0.89% expense ratio, which is higher than BDGS's 0.87% expense ratio.

Dividends

DVSP vs. BDGS - Dividend Comparison

DVSP's dividend yield for the trailing twelve months is around 0.27%, less than BDGS's 0.53% yield.

Position	TTM	2025	2024	2023
BDGS Bridges Capital Tactical ETF	0.53%	0.55%	1.81%	0.84%
DVSP WEBs SPY Defined Volatility ETF	0.27%	0.28%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DVSP and BDGS in my portfolio?

DVSP and BDGS have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVSP or BDGS?

DVSP has higher volatility (7.77%) compared to BDGS (2.30%). In terms of maximum drawdown, DVSP dropped -22.71% vs BDGS's -9.12%.

Which ETF is better, DVSP or BDGS?

On 1-year performance, DVSP leads with 27.52% vs 11.63% for BDGS. On fees, BDGS is cheaper at 0.87% per year. On volatility, BDGS has been the lower-risk option at 2.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVSP or BDGS?

Over the 1-year period, DVSP has performed better with a 27.52% return vs 11.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVSP or BDGS?

BDGS is cheaper with a 0.87% expense ratio, compared with 0.89% for DVSP.

Which ETF pays a higher dividend yield, DVSP or BDGS?

BDGS has the higher dividend yield at 0.53%, compared with 0.27% for DVSP.

What is the main difference between DVSP and BDGS?

They also come from different issuers: WEBs and Bridges. Their fees differ too: 0.89% for DVSP and 0.87% for BDGS.

Which has better risk-adjusted returns?

BDGS currently has the higher Sharpe Ratio (1.84 vs 1.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.