ETF Report: WEBs Defined Volatility XLP ETF (DVXP)

What this ETF is trying to do

The WEBs Defined Volatility XLP ETF (ticker: DVXP) is an exchange-traded fund listed on the NASDAQ. Based on its holdings, it focuses on exposure through a single major position.

Top Holdings

As of the latest data from August 28, 2026, this ETF has one primary holding:

• STATE STREET® CNSMRSTPSELSECTSPDR® ETF (XLP): 50.55% weight

Please remember that holdings can change over time.

What the numbers show

The current price of DVXP is $25.72. When we look at how the share price has moved, we see different results depending on the time frame:

• Year-to-Date (YTD): The YTD price return is approximately 14.64%. This measures only the change in the share price since the start of the year.

• One Year: The one-year price return is approximately 1.08%. This means the share price has increased slightly over the last twelve months. An estimated price from roughly one year ago was $25.45.

It is important to distinguish between price return and total return. Price return only tracks the change in the share price. Total return includes both the price change and any distributions paid out. For this ETF, the YTD total return is 14.64%, and the one-year total return is approximately 1.27%.

Income and distribution explanation

This ETF provides a distribution yield of approximately 0.16%. The data shows that distributions are irregular or less frequent, with only one payout recorded in the last 12 months. While distributions provide cash to an investor, they do not guarantee that the principal (the original money put in) will be preserved.

NAV erosion explanation

"NAV" stands for Net Asset Value, which is the actual value of the assets held by the fund. "NAV erosion" happens when the value of those underlying assets drops significantly.

For DVXP, the erosion-risk score is 94, which is labeled as "Stable / sideways." The erosion severity is described as "good," and there is no severe erosion-risk flag present. This suggests that the fund's value has not shown signs of the heavy deterioration that can happen when a share price collapses.

Pros

• The ETF has shown a positive YTD total return of 14.64%.

• The erosion-risk measurements suggest the fund is currently stable or moving sideways rather than experiencing a sharp decline.

Cons

• The distribution yield is quite low at 0.16%.

• The distribution frequency is irregular, meaning investors cannot rely on regular, predictable cash payments.

Beginner takeaway

When looking at ETFs, it is helpful to look at both the share price and the total return. A rising share price is one part of the story, but total return shows you the full picture by including distributions. For this ETF, the numbers show a stable trend with low distribution activity.