RBIL vs. DVSP

Last updated Jun 25, 2026

RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) and DVSP (WEBs SPY Defined Volatility ETF) are both exchange-traded funds - RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index, while DVSP is a Large Cap Blend Equities fund tracking the Syntax Defined Volatility US Large Cap 500 Index. Both are passively managed. Over the past year, RBIL returned 4.11% vs 24.87% for DVSP. At a correlation of -0.19, they often move in opposite directions. RBIL charges 0.17%/yr vs 0.89%/yr for DVSP.

Performance

RBIL vs. DVSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) 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, RBIL achieves a 2.26% return, which is significantly lower than DVSP's 4.17% return.

RBIL

• 1D: -0.06%
• 1M: -0.25%
• YTD: 2.26%
• 6M: 2.29%
• 1Y: 4.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DVSP

• 1D: -0.24%
• 1M: -3.33%
• YTD: 4.17%
• 6M: 1.64%
• 1Y: 24.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RBIL vs. DVSP - Yearly Performance Comparison

	2026 (YTD)	2025
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	2.26%	2.85%
DVSP WEBs SPY Defined Volatility ETF	4.17%	15.19%

Correlation

The correlation between RBIL and DVSP is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.20
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025	-0.19

Return for Risk

RBIL vs. DVSP — Risk / Return Rank

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

RBIL

RBIL Risk / Return Rank: 97
RBIL Sharpe Ratio Rank: 97
RBIL Sortino Ratio Rank: 98
RBIL Omega Ratio Rank: 98
RBIL Calmar Ratio Rank: 96
RBIL Martin Ratio Rank: 97

DVSP

DVSP Risk / Return Rank: 37
DVSP Sharpe Ratio Rank: 38
DVSP Sortino Ratio Rank: 34
DVSP Omega Ratio Rank: 36
DVSP Calmar Ratio Rank: 36
DVSP Martin Ratio Rank: 42

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.

RBIL vs. DVSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) 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.

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.

	RBIL	DVSP	Difference
Sharpe ratio: Return per unit of total volatility	4.40	1.20	+3.20
Sortino ratio: Return per unit of downside risk	6.79	1.65	+5.14
Omega ratio: Gain probability vs. loss probability	2.15	1.22	+0.93
Calmar ratio: Return relative to maximum drawdown	7.33	1.61	+5.72
Martin ratio: Return relative to average drawdown	40.56	6.01	+34.55

RBIL vs. DVSP - Sharpe Ratio Comparison

The current RBIL Sharpe Ratio is 4.40, which is higher than the DVSP Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of RBIL and DVSP, 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

RBIL vs. DVSP - Drawdown Comparison

The maximum RBIL drawdown since its inception was -0.56%, smaller than the maximum DVSP drawdown of -22.71%. Use the drawdown chart below to compare losses from any high point for RBIL and DVSP.

Drawdown Indicators

	RBIL	DVSP	Difference
Max Drawdown Largest peak-to-trough decline	-0.56%	-22.71%	+22.15%
Max Drawdown (1Y) Largest decline over 1 year	-0.56%	-15.56%	+15.00%
Current Drawdown Current decline from peak	-0.56%	-6.46%	+5.90%
Average Drawdown Average peak-to-trough decline	-0.07%	-5.53%	+5.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.10%	4.15%	-4.05%

Volatility

RBIL vs. DVSP - Volatility Comparison

The current volatility for F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) is 0.36%, while WEBs SPY Defined Volatility ETF (DVSP) has a volatility of 7.72%. This indicates that RBIL experiences smaller price fluctuations and is considered to be less risky than DVSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RBIL	DVSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.36%	7.72%	-7.36%
Volatility (6M) Calculated over the trailing 6-month period	0.85%	15.83%	-14.98%
Volatility (1Y) Calculated over the trailing 1-year period	0.94%	20.86%	-19.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.07%	22.21%	-21.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.07%	22.21%	-21.14%

RBIL vs. DVSP - Expense Ratio Comparison

RBIL has a 0.17% expense ratio, which is lower than DVSP's 0.89% expense ratio.

Dividends

RBIL vs. DVSP - Dividend Comparison

RBIL's dividend yield for the trailing twelve months is around 4.39%, more than DVSP's 0.27% yield.

Position	TTM	2025
DVSP WEBs SPY Defined Volatility ETF	0.27%	0.28%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	4.39%	3.65%

Frequently Asked Questions

Can I hold both RBIL and DVSP in my portfolio?

RBIL and DVSP have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RBIL or DVSP?

DVSP has higher volatility (7.72%) compared to RBIL (0.36%). In terms of maximum drawdown, RBIL dropped -0.56% vs DVSP's -22.71%.

Which ETF is better, RBIL or DVSP?

On 1-year performance, DVSP leads with 24.87% vs 4.11% for RBIL. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RBIL or DVSP?

Over the 1-year period, DVSP has performed better with a 24.87% return vs 4.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RBIL or DVSP?

RBIL is cheaper with a 0.17% expense ratio, compared with 0.89% for DVSP.

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

RBIL has the higher dividend yield at 4.39%, compared with 0.27% for DVSP.

What is the main difference between RBIL and DVSP?

RBIL is categorized as Inflation-Protected Bonds, while DVSP is Large Cap Blend Equities. RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index, while DVSP tracks Syntax Defined Volatility US Large Cap 500 Index. They also come from different issuers: F/m and WEBs. Their fees differ too: 0.17% for RBIL and 0.89% for DVSP.

Which has better risk-adjusted returns?

RBIL currently has the higher Sharpe Ratio (4.40 vs 1.20), 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.