WEBs Defined Volatility SPY ETF (DVSP) Performance
DVSP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.4% since Dec 31, 2025
- 1 year
- +8.3% total return
- Since first price
- +17.2% since 2024
DVSP trailing returns vs SPY, QQQ, AGG
| Period | DVSP total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.5% | −2.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.1% | +3.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.1% | +8.1% | +7.8% | +8.4% | −1.5% |
| YTD | +7.4% | +7.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +8.3% | +8.0% | +14.4% | +15.9% | −1.1% |
| Since inceptionDec 17, 2024 | +17.2% | +16.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: DVSP vs SPY
From Dec 17, 2024: DVSP grew to $11,715, SPY to $12,866.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DVSP returns by calendar year
1 of 1 full years positive. Best 2025 (+15.6%), worst 2025 (+15.6%). 2026 is year to date.
DVSP annual returns table
| Year | DVSP | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.4% | −15.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.6% | −22.4% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
DVSP largest drawdowns
Now 5.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 17, 2024 | −22.7% | Apr 8, 2025 | Aug 12, 2025 | 4 months | 8 months |
| Jan 12, 2026 | −15.6% | Mar 30, 2026 | May 6, 2026 | 3 months | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DVSP risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +14.2% |
| Volatility (annualized) | 18.2% |
| Sharpe ratio | 0.61 |
| Sortino ratio | 1.02 |
| Best month | +11.3% |
| Worst month | −8.8% |
| Best 12 months | +38.2% |
| Worst 12 months | +10.4% |
| Positive months | 52% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
DVSP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 11 | +5.8% | +16.2% | +38.2% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
DVSP performance overview
WEBs Defined Volatility SPY ETF (DVSP) returned +8.3% over the past year, with distributions reinvested. Since its first recorded price on Dec 17, 2024 it has returned +17.2%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −22.7%, from Dec 17, 2024 to Apr 8, 2025, and it took 4 months to get back to the old high. Volatility has been 18.2% a year.
Related: DVSP chart, DVSP dividends. See the DVSP overview for the latest quote and fund facts.
DVSP performance FAQ
What is the DVSP return over the past year?
DVSP returned +8.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.0%.
How much would $10,000 invested in DVSP be worth?
$10,000 invested in DVSP at its first recorded close on December 17, 2024 would be worth about $11,715 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of DVSP?
The largest peak-to-trough decline was −22.7% between December 17, 2024 and April 8, 2025. It recovered to the old high on August 12, 2025, 4 months after the bottom.
How volatile is DVSP?
Over the past history DVSP had an annualized volatility of 18.2% and a Sharpe ratio of 0.61 (excess return over 1–3 month T-bills per unit of risk).