DVSP vs. SUPP

Last updated Aug 1, 2026

DVSP (WEBs SPY Defined Volatility ETF) and SUPP (TCW Transform Supply Chain ETF) are both Large Cap Blend Equities funds. DVSP is passively managed, while SUPP is actively managed. Over the past year, DVSP returned 22.60% vs 15.25% for SUPP. Their correlation of 0.80 means they have usually moved in the same direction. DVSP charges 0.89%/yr vs 0.75%/yr for SUPP.

Performance

DVSP vs. SUPP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs SPY Defined Volatility ETF (DVSP) and TCW Transform Supply Chain ETF (SUPP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVSP achieves a 6.34% return, which is significantly lower than SUPP's 13.80% return.

DVSP

• 1D: 1.32%
• 1M: 0.07%
• 6M: 4.41%
• YTD: 6.34%
• 1Y: 22.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.59%

SUPP

• 1D: 1.94%
• 1M: -5.19%
• 6M: 9.41%
• YTD: 13.80%
• 1Y: 15.25%
• 3Y*: 14.03%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.23%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DVSP WEBs SPY Defined Volatility ETF	$21.75K	$13.85K	$20.40K
SUPP TCW Transform Supply Chain ETF	$10.33K	$10.54K	$22.91K

DVSP vs. SUPP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DVSP WEBs SPY Defined Volatility ETF	6.34%	15.57%	-5.64%
SUPP TCW Transform Supply Chain ETF	13.80%	11.65%	-5.52%

Correlation

The correlation between DVSP and SUPP is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (All Time) Calculated using the full available price history since Dec 17, 2024	0.80

The correlation between DVSP and SUPP has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.

Return for Risk

DVSP vs. SUPP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DVSP

DVSP Risk / Return Rank: 36
DVSP Sharpe Ratio Rank: 35
DVSP Sortino Ratio Rank: 34
DVSP Omega Ratio Rank: 34
DVSP Calmar Ratio Rank: 34
DVSP Martin Ratio Rank: 40

SUPP

SUPP Risk / Return Rank: 28
SUPP Sharpe Ratio Rank: 26
SUPP Sortino Ratio Rank: 26
SUPP Omega Ratio Rank: 26
SUPP Calmar Ratio Rank: 29
SUPP Martin Ratio Rank: 34

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DVSP vs. SUPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs SPY Defined Volatility ETF (DVSP) and TCW Transform Supply Chain ETF (SUPP). 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	SUPP	Difference
Sharpe ratio: Return per unit of total volatility	0.88	0.60	+0.28
Sortino ratio: Return per unit of downside risk	1.28	0.98	+0.30
Omega ratio: Gain probability vs. loss probability	1.16	1.12	+0.04
Calmar ratio: Return relative to maximum drawdown	1.21	0.94	+0.26
Martin ratio: Return relative to average drawdown	4.21	3.36	+0.85

DVSP vs. SUPP - Sharpe Ratio Comparison

The current DVSP Sharpe Ratio is 0.88, which is higher than the SUPP Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of DVSP and SUPP, 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. SUPP - Drawdown Comparison

The maximum DVSP drawdown since its inception was -22.71%, smaller than the maximum SUPP drawdown of -25.03%. Use the drawdown chart below to compare losses from any high point for DVSP and SUPP.

Drawdown Indicators

	DVSP	SUPP	Difference
Max Drawdown Largest peak-to-trough decline	-22.71%	-25.03%	+2.32%
Max Drawdown (1Y) Largest decline over 1 year	-15.56%	-14.60%	-0.96%
Max Drawdown (3Y) Largest decline over 3 years	—	-25.03%	—
Current Drawdown Current decline from peak	-4.52%	-10.30%	+5.78%
Average Drawdown Average peak-to-trough decline	-5.49%	-4.44%	-1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.45%	4.10%	+0.35%

Volatility

DVSP vs. SUPP - Volatility Comparison

The current volatility for WEBs SPY Defined Volatility ETF (DVSP) is 5.93%, while TCW Transform Supply Chain ETF (SUPP) has a volatility of 8.12%. This indicates that DVSP experiences smaller price fluctuations and is considered to be less risky than SUPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVSP	SUPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.93%	8.12%	-2.19%
Volatility (6M) Calculated over the trailing 6-month period	15.75%	19.94%	-4.19%
Volatility (1Y) Calculated over the trailing 1-year period	21.27%	22.83%	-1.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.00%	20.23%	+1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.00%	20.23%	+1.77%

DVSP vs. SUPP - Expense Ratio Comparison

DVSP has a 0.89% expense ratio, which is higher than SUPP's 0.75% expense ratio.

Dividends

DVSP vs. SUPP - Dividend Comparison

DVSP's dividend yield for the trailing twelve months is around 0.26%, less than SUPP's 0.31% yield.

Position	TTM	2025	2024	2023
DVSP WEBs SPY Defined Volatility ETF	0.26%	0.28%	0.00%	0.00%
SUPP TCW Transform Supply Chain ETF	0.31%	0.35%	0.49%	0.45%

Frequently Asked Questions

Can I hold both DVSP and SUPP in my portfolio?

DVSP and SUPP have a correlation of 0.78, 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 SUPP?

SUPP has higher volatility (8.12%) compared to DVSP (5.93%). In terms of maximum drawdown, DVSP dropped -22.71% vs SUPP's -25.03%.

Which ETF is better, DVSP or SUPP?

On 1-year performance, DVSP leads with 22.60% vs 15.25% for SUPP. On fees, SUPP is cheaper at 0.75% per year. On volatility, DVSP has been the lower-risk option at 5.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVSP or SUPP?

Over the 1-year period, DVSP has performed better with a 22.60% return vs 15.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVSP or SUPP?

SUPP is cheaper with a 0.75% expense ratio, compared with 0.89% for DVSP.

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

SUPP has the higher dividend yield at 0.31%, compared with 0.26% for DVSP.

What is the main difference between DVSP and SUPP?

They also come from different issuers: WEBs and TCW. Their fees differ too: 0.89% for DVSP and 0.75% for SUPP.

Which has better risk-adjusted returns?

DVSP currently has the higher Sharpe Ratio (0.88 vs 0.60), 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.