# DVSP (WEBs SPY Defined Volatility ETF)

WEBs · Stock ETFs · U.S. large-cap blend · data as of Nov 12, 2026

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. No other ETF tracks the index it names, so its tracking cannot be measured. https://etfiq.com/promise-index/stocks/

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

## Key facts

- DVSP, total return, 1 year: +2.8%, as of Nov 12, 2026.
- DVSP, expense ratio: 0.89%, as of Feb 26, 2026.
- DVSP, holdings: 1, as of Jul 31, 2026.
- DVSP, below its high: −7.9%, as of Nov 12, 2026.
- DVSP, 12-month yield, capital gains included, on its starting price: 0.3%, as of Nov 12, 2026.
- DVSP, last payment, ex-date Dec 30, 2025: $0.0754, as of Dec 30, 2025.
- DVSP, net assets: $1.4m (SEC filing, whole fund, as filed for Jul 31, 2026).

## DVSP over each window to Nov 12, 2026

| Window | Total return | Benchmark (VOO) | Gap to VOO |
| --- | --- | --- | --- |
| 1 month | −7.5% | −2.7% | −4.8 pts |
| 3 months | −7.5% | −2.4% | −5.1 pts |
| 6 months | −4.0% | +1.8% | −5.8 pts |
| Year to date | +4.3% | +12.0% | −7.7 pts |
| 1 year | +2.8% | +12.1% | −9.3 pts |
| Since launch | +13.8% | +28.4% | −14.6 pts |
| Since launch, annualised | +7.0% | – | – |

## DVSP key stats

- 52-week high, daily closes to Nov 12, 2026: $30.70 on Oct 6, 2026 (computed by ETFIQ from Tiingo daily prices)
- 52-week low, daily closes to Nov 12, 2026: $23.71 on Mar 30, 2026 (computed by ETFIQ from Tiingo daily prices)
- Close on Nov 12, 2026, within that range: $28.27, 65% of the way from the low to the high (computed by ETFIQ from Tiingo daily prices)
- Holdings: 1
- Top ten weight: 48.0%

## DVSP trading

- Not scored.
- The full trading page: https://etfiq.com/funds/dvsp/trading/

## DVSP for holders outside the US

- US tax withheld on dividends, no treaty: 30% (<https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf>)
- Treaty rates on dividends (IRS table, read Oct 30, 2026): 65 countries, 10% to 30% (<https://www.irs.gov/individuals/international-taxpayers/tax-treaty-tables>)
- DVSP interest-related and short-term gain dividends: not read by ETFIQ
- US estate tax filing threshold, non-resident holders: $60,000 (<https://www.irs.gov/instructions/i706na>)
- Share class: Distributing (<https://etfiq.com/learn/non-us-holders>)

Facts from the IRS, not tax advice.

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| What it tracks | Syntax Defined Volatility US Large Cap 500 Index | ETFIQ |
| Fund type | Equity fund | ETFIQ |
| Category | Stocks · U.S. large-cap blend | ETFIQ |
| Region | United States | ETFIQ |
| Expense ratio | 0.89% | 485BPOS XBRL, Feb 26, 2026 |
| Price | $28.27 | ETFIQ |
| First traded | Dec 17, 2024 | ETFIQ |
| Net assets | $1.4m | SEC filing, whole fund, as filed for Jul 31, 2026 |
| Benchmark | S&P 500 Total Return Index, measured by VOO, which tracks the same index | ETFIQ, from its filings |
| Benchmark named in | its shareholder report, N-CSR, Dec 31, 2025 | ETFIQ |
| Why this benchmark | No 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. | ETFIQ |
| DVSP, 1 year to Nov 12, 2026 | +2.8% | ETFIQ |
| VOO, the same days | +12.1% | ETFIQ |
| Against its benchmark, 1 year | −9.3 pts | ETFIQ |
| Below its high | −7.9% | ETFIQ |
| Holdings | 1 | ETFIQ |
| Top ten weight | 48.0% | ETFIQ |
| Cash, not in the top ten | 52.0% | ETFIQ |
| Holdings as of | Jul 31, 2026 | SEC N-PORT |
| Already in the S&P 500, by weight | 0.0% | ETFIQ |
| Active share vs the S&P 500 | 100.0% | ETFIQ |
| Already in the Nasdaq-100, by weight | 0.0% | ETFIQ |
| Promise check | Not measured. No other ETF tracks the index it names, so its tracking cannot be measured. | ETFIQ |

## Questions

### 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.


## Cite this page

ETFIQ, DVSP, stock fund, data as of Nov 12, 2026. https://etfiq.com/funds/dvsp
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at <https://etfiq.com/data/>.

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