DVSP vs. DVXP

Last updated Jun 24, 2026

DVSP (WEBs SPY Defined Volatility ETF) and DVXP (WEBs Consumer Staples XLP Defined Volatility ETF) are both exchange-traded funds - DVSP is a Large Cap Blend Equities fund tracking the Syntax Defined Volatility US Large Cap 500 Index, while DVXP is a Consumer Staples Equities fund tracking the Syntax Defined Volatility XLP Index. Both are passively managed. At a correlation of -0.03, they often move in opposite directions. Both charge a 0.89% expense ratio.

Performance

DVSP vs. DVXP - Performance Comparison

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

Returns By Period

In the year-to-date period, DVSP achieves a 4.43% return, which is significantly lower than DVXP's 12.93% return.

DVSP

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

DVXP

• 1D: 2.18%
• 1M: -1.41%
• YTD: 12.93%
• 6M: 13.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVSP vs. DVXP - Yearly Performance Comparison

	2026 (YTD)	2025
DVSP WEBs SPY Defined Volatility ETF	4.43%	12.23%
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	12.93%	-10.24%

Correlation

The correlation between DVSP and DVXP is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	-0.03

Return for Risk

DVSP vs. DVXP — 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

DVXP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. DVXP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs SPY Defined Volatility ETF (DVSP) and WEBs Consumer Staples XLP Defined Volatility ETF (DVXP). 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	DVXP	Difference
Sharpe ratio: Return per unit of total volatility	1.33	—	—
Sortino ratio: Return per unit of downside risk	1.79	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.78	—	—
Martin ratio: Return relative to average drawdown	6.68	—	—

Drawdowns

DVSP vs. DVXP - Drawdown Comparison

The maximum DVSP drawdown since its inception was -22.71%, which is greater than DVXP's maximum drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for DVSP and DVXP.

Drawdown Indicators

	DVSP	DVXP	Difference
Max Drawdown Largest peak-to-trough decline	-22.71%	-16.36%	-6.35%
Max Drawdown (1Y) Largest decline over 1 year	-15.56%	—	—
Current Drawdown Current decline from peak	-6.24%	-9.18%	+2.94%
Average Drawdown Average peak-to-trough decline	-5.53%	-8.28%	+2.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.13%	—	—

Volatility

Volatility by Period

	DVSP	DVXP	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.77%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.91%	21.16%	-0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.24%	21.16%	+1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.24%	21.16%	+1.08%

DVSP vs. DVXP - Expense Ratio Comparison

Both DVSP and DVXP have an expense ratio of 0.89%.

Dividends

DVSP vs. DVXP - Dividend Comparison

DVSP's dividend yield for the trailing twelve months is around 0.27%, more than DVXP's 0.17% yield.

Position	TTM	2025
DVSP WEBs SPY Defined Volatility ETF	0.27%	0.28%
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	0.17%	0.19%

Frequently Asked Questions

Can I hold both DVSP and DVXP in my portfolio?

DVSP and DVXP have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DVSP or DVXP?

Both ETFs have the same 0.89% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVSP or DVXP?

DVSP and DVXP have the same expense ratio: 0.89% per year.

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

DVSP has the higher dividend yield at 0.27%, compared with 0.17% for DVXP.

What is the main difference between DVSP and DVXP?

DVSP is categorized as Large Cap Blend Equities, while DVXP is Consumer Staples Equities. DVSP tracks Syntax Defined Volatility US Large Cap 500 Index, while DVXP tracks Syntax Defined Volatility XLP Index.