A tunable dispersion compensating device includes a grating element in the form of a bulk or large diameter waveguide, having an outer cladding disposed about an inner core. The grating element may be etched, grounded or machined to form a generally “dog bone” shape, wherein the end portions of the grating element has a larger diameter than the center portion disposed therebetween. A chirped grating is written or impressed within the portion of the core disposed in the center portion of the grating element. The center portion is tapered to allow different stresses to be applied along the grating length when the grating element is compressed longitudinally by force F, and thereby vary chirp of the grating to tunably compensate for dispersion.