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DVSP · WEBs SPY Defined Volatility ETF

$28.27
−0.3% · 1 day, price
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<p>Data: <a href="https://etfiq.com/funds/dvsp">ETFIQ DVSP analysis</a></p>

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DVSP tracks an index and returned +2.8% over the past year.

How does DVSP compare with its benchmark over 1 year?What does DVSP cost to own and to trade?What does DVSP hold?
1-year total return
+2.8%VOO +12.1% to Nov 12, 2026
Expense ratio
0.89%a year
Equity fund · Tracks the Syntax Defined Volatility US Large Cap 500 IndexExpense ratio 0.89%Fund assets $1.4m net assets, latest filing (Jul 31, 2026)First traded Dec 17, 2024Benchmark S&P 500 Total Return Index, measured by VOO, which tracks the same indexSEC filings ↗Dividend history

DVSP returned +2.8% over the year to Nov 12, 2026, charges 0.89% a year and holds $1.4m in net assets on Jul 31, 2026.

Promise check: Not measured

Analyze DVSPPut to the committeeAdd to portfolioAlerts
Growth of $10,000

DVSP vs VOO, 1 year

Total return, distributions reinvested, Nov 11, 2025 to Nov 11, 2026.

DVSP $10,318 +3.2%VOO $11,251 +12.5%Returns from daily closes. Data
Scorecard · vs

DVSP risk and return scorecard

Not measured: no scorecard was computed for this fund.

Method

Total return

What you earned

DVSP −7.5%, VOO −2.7%: total return over one month to Nov 12, 2026.
$10,000 in DVSP would be $9,250, over one month to Nov 12, 2026.
DVSP−7.5%
VOO−2.7%
DVSP −7.5%, VOO −2.4%: total return over three months to Nov 12, 2026.
$10,000 in DVSP would be $9,250, over three months to Nov 12, 2026.
DVSP−7.5%
VOO−2.4%
DVSP −4.0%, VOO +1.8%: total return over six months to Nov 12, 2026.
$10,000 in DVSP would be $9,600, over six months to Nov 12, 2026.
DVSP−4.0%
VOO+1.8%
DVSP +4.3%, VOO +12.0%: total return year to date, Dec 31, 2025 to Nov 12, 2026.
$10,000 in DVSP would be $10,430, year to date, Dec 31, 2025 to Nov 12, 2026.
DVSP+4.3%
VOO+12.0%
DVSP +2.8%, VOO +12.1%: total return over one year to Nov 12, 2026.
$10,000 in DVSP would be $10,280, over one year to Nov 12, 2026.
DVSP+2.8%
VOO+12.1%
DVSP +13.8%, VOO +28.4%: total return since launch to Nov 12, 2026.
$10,000 in DVSP would be $11,380, since launch to Nov 12, 2026.
DVSP+13.8%
VOO+28.4%
askIQ: why did DVSP return +2.8% over one year, against VOO’s +12.1%? ↗
Fees over time · hypothetical
Fees paid
$855
Of the amount
8.6%

At DVSP’s 0.89% a year, taken each year from the amount after growth. Hypothetical.

Syntax Defined Volatility US Large Cap 500 Index

How concentrated, and what does it cost?

+2.8%
Total return, 1 year
Report
0.89%
Expense ratio
Report
1
Holdings
Report
−7.9%
Below its high
Report
0.3%
12-month yield, capital gains included, on its starting price
Report
$0.0754
Last payment, ex-date Dec 30, 2025
Report
Sector mix
Cost against like funds
askIQ: is a 0.89% fee low for a fund like DVSP? ↗

11 committee seats read DVSP on data as of Nov 12, 2026: 1 Supports, 3 Mixed, 4 Challenges, 3 without enough data.

1 Supports3 Mixed4 Challenges3 Not enough data
  • Bogle
  • Graham
  • Buffett & Munger
  • Lynch
  • Templeton
  • Dalio
  • Marks
  • Druckenmiller
  • Swensen
  • Wood
  • Livermore
  • Skeptic

Watch the committee read DVSP How the committee works

12 seats on DVSP, as of Nov 12, 2026: 1 Supports, 3 Mixed, 4 Challenges, 3 Not enough data, 1 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostMixed
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyDoes not apply
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskMixed
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationSupports
In the tradition ofCathie WoodWood-style Disruptive InnovationChallenges
In the tradition ofJesse LivermoreLivermore-style Trend FollowingMixed
Uses ETFIQ’s measuresETFIQ SkepticETFIQ’s own seatChallenges
Put DVSP to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Risk Officer

Risk check

What to look at before you hold DVSP. Not advice.

As of Nov 13, 2026, DVSP crossed 0 of 5 ETFIQ risk lines.

OverlapNot publishedNot published
Trading costNot publishedNot published
Premium or discountNot publishedNot published
ConcentrationTop 10 holdings are 48% of the fundClear
ClosureNo closure flagClear

Lines and sources: Method. Check several funds at once on My Portfolio.

More on DVSP

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Price, 1 year

$28.27−0.3%1 day, priceClose, Nov 12, 2026

Price only. Total return over the same days, distributions reinvested, was +2.8%. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 12, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

DVSP returns by window: total return, cash paid and price change
WindowTotal returnBenchmark (VOO)Gap to VOO
1M Oct 13 – Nov 12, 2026−7.5%−2.7%−4.8 pts
3M Aug 13 – Nov 12, 2026−7.5%−2.4%−5.1 pts
6M May 14 – Nov 12, 2026−4.0%+1.8%−5.8 pts
YTD Dec 31, 2025 – Nov 12, 2026+4.3%+12.0%−7.7 pts
1Y Nov 12, 2025 – Nov 12, 2026+2.8%+12.1%−9.3 pts
Since launch Dec 17, 2024 – Nov 12, 2026+13.8%+28.4%−14.6 pts
Since launch, annualised Dec 17, 2024 – Nov 12, 2026+7.0%––

Total returns, distributions reinvested. Listed Dec 2024: no 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

DVSP key stats

52-week high, daily closes to Nov 12, 2026 (ETFIQ)$30.70 on Oct 6, 2026
52-week low, daily closes to Nov 12, 2026 (ETFIQ)$23.71 on Mar 30, 2026
Close on Nov 12, 2026, within that range (ETFIQ)$28.27, 65% of the way from the low to the high
Holdings1
Top ten weight48.0%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 11, 2026
Trading · DVSPas of Nov 11, 2026
·
Not scored2 of 6 measured · Nov 11, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
One dealer
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

DVSP for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
DVSP interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

DVSP is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work

About DVSP

What it tracksSyntax Defined Volatility US Large Cap 500 Index
Fund typeEquity fund
Category (ETFIQ)Stocks · U.S. large-cap blend
Region (ETFIQ)United States
Expense ratio (485BPOS XBRL, Feb 26, 2026)0.89%
Price$28.27
First tradedDec 17, 2024
Net assets (SEC filing, whole fund, as filed for Jul 31, 2026)$1.4mReport
Benchmark (ETFIQ, from its filings)S&P 500 Total Return Index, measured by VOO, which tracks the same index
Benchmark named inits shareholder report, N-CSR, Dec 31, 2025
Why this benchmarkNo other fund tracks the Syntax Defined Volatility US Large Cap 500 Index, the index its prospectus names. Its daily returns fit VOO at R-squared 0.94 over the year to Nov 12, 2026 (251 days), above the 0.30 floor.
DVSP, 1 year to Nov 12, 2026+2.8%
VOO, the same days+12.1%
Against its benchmark, 1 year (ETFIQ)−9.3 pts
Below its high (ETFIQ)−7.9%
Holdings1
Top ten weight48.0%
Cash, not in the top ten52.0%
Holdings as of (SEC N-PORT)Jul 31, 2026
Already in the S&P 500, by weight (ETFIQ)0.0%
Active share vs the S&P 500 (ETFIQ)100.0%
Already in the Nasdaq-100, by weight (ETFIQ)0.0%
Promise checkNot measured. No other ETF tracks the index it names, so its tracking cannot be measured.

Questions people ask about DVSP

How has DVSP performed?
Over the year to Nov 12, 2026, DVSP returned +2.8% with distributions reinvested, against +12.0% for the S&P 500.
What does DVSP cost?
The prospectus expense ratio is 0.89% a year.
What does DVSP hold?
1 position as filed for Jul 31, 2026, with the top ten at 48.0% of the fund. 0% of its weight is in stocks the S&P 500 also holds.
How far is DVSP below its high?
7.9% below its high of Oct 6, 2026, measured on the reinvested series to Nov 12, 2026.
Sources and dates
Prices, DVSP and Benchmark (VOO)Tiingo end-of-day · Nov 12, 2026
Fee, 0.89%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $1.4mSEC filing, whole fund · Jul 31, 2026
SourceHoldings filing (SEC Form N-PORT) ↗
All fund filingsFund filings on SEC EDGAR ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
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ETFIQ, DVSP, stock fund, data as of Nov 12, 2026. https://etfiq.com/funds/dvsp

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DVSP: DVSP over 1 year: total return +2.8%, its benchmark S&P 500 Total Return Index through VOO +12.1%, −9.3 pts. Data to Nov 12, 2026.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/core/dvsp/" title="DVSP: DVSP over 1 year: total return +2.8%, its benchmark S&amp;P 500 Total Return Index through VOO +12.1%, −9.3 pts. Data to Nov 12, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">DVSP: DVSP over 1 year: total return +2.8%, its benchmark S&amp;P 500 Total Return Index through VOO +12.1%, −9.3 pts. Data to Nov 12, 2026. Data: <a href="https://etfiq.com/funds/dvsp">ETFIQ</a></figcaption>
</figure>

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