At a glance
DVSP charges 0.91% a year. It has $2.1M in assets; it paid 0.27% of its price in distributions over the past 12 months, annual. Over the past year it returned +7.7% with distributions reinvested (S&P 500: +11.5%).
The short version
The WEBs Defined Volatility SPY ETF (DVSP), from WEBs Investments, appears to apply a volatility rule to SPY, the large S&P 500 fund. No prospectus could be found to confirm how it does this. It may appeal to investors who want S&P 500 exposure with volatility controls. Even so, over the year to October 27, 2026, it moved about 1.6 times as much as the market. It charges 0.91% a year and has about $2.1 million in assets.
Price history
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DVSP +7.7% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| DVSP price data to Oct 27, 2026 | +10.0% | +7.7% | — | — | — | +10.3% |
- Over the year to Oct 27, 2026, DVSP returned +7.7%.
- Its worst full calendar year was 2025 (+15.6%); its best was 2025 (+15.6%).
- The deepest fall in its price history was 22.7% (Dec 17, 2024 to Apr 8, 2025), recovered by Aug 12, 2025.
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +10.0% |
| 2025 | +15.6% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2025 | $0.0800 |
How it works
DVSP's prospectus could not be found. Its ticker does not appear in the SEC's ticker files, which can happen when a fund has been renamed, has closed or is not registered with the SEC. So the fund's rules can't be confirmed from a filing. That includes what it owns, how it weights positions, how often it rebalances, and whether it uses options, futures or borrowed money.
The name offers the main clue. SPY is a widely traded fund that tracks the S&P 500, an index of large US companies. 'Defined volatility' points to a volatility-target approach. In general, these strategies aim for a set level of price swings. They raise market exposure when markets are calm and cut it when swings grow, often by moving toward cash. Whether DVSP works exactly this way is not confirmed.
Its trading record shows how the approach has played out. Over the year to October 27, 2026, DVSP's beta was 1.59. Beta measures how much a fund moves with the market, so 1.59 means it tended to move about 1.6 times as much. Its annualized volatility, a measure of how widely returns swing, was 20.7%. Over that stretch, the 'defined volatility' label did not mean a calmer ride than the market. WEBs Investments' own fund documents are the place to check the details.
What it really costs
- DVSP charges 0.91% a year.
In a retirement portfolio
A beta of 1.59, a record that only starts on December 16, 2024, a 0.91% fee and about $2.1 million in assets make it at most a small, higher-risk side position.
DVSP launched on December 16, 2024, so it has no record through the 2008 financial crisis, the 2020 COVID crash or the 2022 bear market. Its only full calendar year, 2025, returned 15.59%. Its deepest drop was 22.7%, from December 17, 2024, to April 8, 2025. It recovered by August 12, 2025, about 4.1 months after the low. Taking money out during a slide like that means cashing out at low prices. A beta of 1.59 over the year to October 27, 2026, points to bigger swings than the market's.
Income is small. The trailing 12-month yield was 0.27% as of October 27, 2026, paid once a year, which is less than the 0.91% annual fee. With about $2.1 million in assets, the fund is tiny, which can mean higher trading costs and a risk of closure. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors comfortable with bigger swings than the market, given DVSP's beta of 1.59 over the year to October 27, 2026.
- Investors wanting a small, higher-risk side position built around SPY with a volatility rule, who accept a 0.91% yearly fee.
- Growth-focused investors who don't need income: DVSP's trailing yield was 0.27% as of October 27, 2026, paid once a year.
Look elsewhere if
- Cost-conscious investors: DVSP's 0.91% expense ratio is far above the fees on plain S&P 500 index funds.
- Retirees wanting a smoother ride: despite its name, DVSP fell 22.7% between December 17, 2024, and April 8, 2025.
- Investors wanting a long record or an established fund: DVSP launched December 16, 2024, has about $2.1 million, and its prospectus wasn't found.
Close alternatives
Matched by legacy category (no holdings report for this fund).
No close alternatives found.
Questions investors ask
What is the DVSP ETF?
DVSP is the WEBs Defined Volatility SPY ETF, a US stock fund from WEBs Investments that launched on December 16, 2024. Its name points to a volatility-based approach built on SPY, the widely traded S&P 500 fund. However, its ticker does not appear in the SEC's ticker files. That can happen when a fund is renamed, has closed or is not SEC-registered, so its exact rules could not be confirmed. It charges 0.91% a year and has about $2.1 million in assets.
Is DVSP less volatile than SPY?
Not over the year to October 27, 2026. DVSP's beta for that period was 1.59, which means it tended to move about 1.6 times as much as the market. Its annualized volatility, a measure of how widely returns swing, was 20.7%. Its largest drop was 22.7%, from December 17, 2024, to April 8, 2025. SPY simply tracks the S&P 500. DVSP's name suggests it adds a volatility rule on top, and it charges 0.91% a year.
Does DVSP pay dividends?
Yes, but very little, and only once a year. As of October 27, 2026, DVSP had paid $0.08 per share over the trailing 12 months, a yield of 0.27%. That is less than its 0.91% expense ratio, the yearly fee taken as a share of assets. Investors who rely on their portfolio for income would get little from it.
What is DVSP's expense ratio?
DVSP charges 0.91% a year. The expense ratio is the yearly fee for running the fund, taken as a share of your investment. It comes out whether markets rise or fall. It is far higher than the fees on plain S&P 500 index funds, so DVSP's volatility approach has to make up that gap before it adds value. The fund is also very small, with about $2.1 million in assets.
Is DVSP good for retirement?
It is a hard fit as a main retirement holding. DVSP launched on December 16, 2024, so it has no record through the 2008, 2020 or 2022 downturns. Its beta of 1.59 over the year to October 27, 2026, points to bigger swings than the market. It fell 22.7% from December 17, 2024, to April 8, 2025, then recovered by August 12, 2025. With a 0.27% yield, a 0.91% fee and about $2.1 million in assets, it may suit only a small, higher-risk slice of a portfolio.