DVXP vs. DVSP

Last updated Jun 4, 2026

DVXP (WEBs Consumer Staples XLP Defined Volatility ETF) and DVSP (WEBs SPY Defined Volatility ETF) are both exchange-traded funds - DVXP is a Consumer Staples Equities fund tracking the Syntax Defined Volatility XLP Index, while DVSP is a Large Cap Blend Equities fund tracking the Syntax Defined Volatility US Large Cap 500 Index. Both are passively managed. At a correlation of -0.00, they often move in opposite directions. Both charge a 0.89% expense ratio.

Performance

DVXP vs. DVSP - Performance Comparison

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

Returns By Period

In the year-to-date period, DVXP achieves a 8.96% return, which is significantly lower than DVSP's 9.88% return.

DVXP

• 1D: 0.56%
• 1M: -3.05%
• YTD: 8.96%
• 6M: 7.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DVSP

• 1D: -1.34%
• 1M: 8.93%
• YTD: 9.88%
• 6M: 9.36%
• 1Y: 35.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVXP vs. DVSP - Yearly Performance Comparison

	2026 (YTD)	2025
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	8.96%	-10.24%
DVSP WEBs SPY Defined Volatility ETF	9.88%	10.92%

Correlation

The correlation between DVXP and DVSP is -0.00, 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 24, 2025	-0.00

Return for Risk

DVXP vs. DVSP — Risk / Return Rank

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

DVSP

DVSP Risk / Return Rank: 50
DVSP Sharpe Ratio Rank: 53
DVSP Sortino Ratio Rank: 49
DVSP Omega Ratio Rank: 50
DVSP Calmar Ratio Rank: 47
DVSP Martin Ratio Rank: 53

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.

DVXP vs. DVSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Consumer Staples XLP Defined Volatility ETF (DVXP) and WEBs SPY Defined Volatility ETF (DVSP). 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.

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

Sharpe Ratios by Period

	DVXP	DVSP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	0.61	-0.73

Drawdowns

DVXP vs. DVSP - Drawdown Comparison

The maximum DVXP drawdown since its inception was -16.36%, smaller than the maximum DVSP drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for DVXP and DVSP.

Drawdown Indicators

	DVXP	DVSP	Difference
Max Drawdown Largest peak-to-trough decline	-16.36%	-22.67%	+6.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.56%	—
Current Drawdown Current decline from peak	-12.38%	-1.34%	-11.04%
Average Drawdown Average peak-to-trough decline	-8.26%	-5.54%	-2.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.96%	—

Volatility

Volatility by Period

	DVXP	DVSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.93%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.03%	19.94%	+1.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.03%	21.85%	-0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.03%	21.85%	-0.82%

DVXP vs. DVSP - Expense Ratio Comparison

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

Dividends

DVXP vs. DVSP - Dividend Comparison

DVXP's dividend yield for the trailing twelve months is around 0.17%, less than DVSP's 0.25% yield.

Position	TTM	2025
DVSP WEBs SPY Defined Volatility ETF	0.25%	0.28%
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	0.17%	0.19%

Frequently Asked Questions

Can I hold both DVXP and DVSP in my portfolio?

DVXP and DVSP have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DVXP or DVSP?

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, DVXP or DVSP?

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

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

DVSP has the higher dividend yield at 0.25%, compared with 0.17% for DVXP.

What is the main difference between DVXP and DVSP?

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