DVQQ vs. BBUS

Last updated Jun 23, 2026

DVQQ (WEBs QQQ Defined Volatility ETF) and BBUS (JPMorgan BetaBuilders U.S. Equity ETF) are both exchange-traded funds - DVQQ is a Large Cap Growth Equities fund tracking the Syntax Defined Volatility Triple Qs Index, while BBUS is a Large Cap Blend Equities fund tracking the Morningstar US Target Market Exposure Index. Both are passively managed. Over the past year, DVQQ returned 46.21% vs 26.13% for BBUS. Their correlation of 0.91 suggests significant overlap in exposure. DVQQ charges 0.94%/yr vs 0.02%/yr for BBUS.

Performance

DVQQ vs. BBUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs QQQ Defined Volatility ETF (DVQQ) and JPMorgan BetaBuilders U.S. Equity ETF (BBUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVQQ achieves a 17.26% return, which is significantly higher than BBUS's 9.41% return.

DVQQ

• 1D: -0.28%
• 1M: 1.35%
• YTD: 17.26%
• 6M: 15.36%
• 1Y: 46.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBUS

• 1D: -0.31%
• 1M: 0.15%
• YTD: 9.41%
• 6M: 8.89%
• 1Y: 26.13%
• 3Y*: 21.38%
• 5Y*: 13.03%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DVQQ vs. BBUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DVQQ WEBs QQQ Defined Volatility ETF	17.26%	18.03%	-7.84%
BBUS JPMorgan BetaBuilders U.S. Equity ETF	9.41%	17.77%	-3.31%

Correlation

The correlation between DVQQ and BBUS is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (All Time) Calculated using the full available price history since Dec 17, 2024	0.91

The correlation between DVQQ and BBUS has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

Return for Risk

DVQQ vs. BBUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DVQQ

DVQQ Risk / Return Rank: 54
DVQQ Sharpe Ratio Rank: 60
DVQQ Sortino Ratio Rank: 51
DVQQ Omega Ratio Rank: 54
DVQQ Calmar Ratio Rank: 55
DVQQ Martin Ratio Rank: 50

BBUS

BBUS Risk / Return Rank: 65
BBUS Sharpe Ratio Rank: 67
BBUS Sortino Ratio Rank: 63
BBUS Omega Ratio Rank: 66
BBUS Calmar Ratio Rank: 59
BBUS Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DVQQ vs. BBUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs QQQ Defined Volatility ETF (DVQQ) and JPMorgan BetaBuilders U.S. Equity ETF (BBUS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DVQQ	BBUS	Difference
Sharpe ratio: Return per unit of total volatility	1.93	2.11	-0.17
Sortino ratio: Return per unit of downside risk	2.41	2.85	-0.44
Omega ratio: Gain probability vs. loss probability	1.33	1.38	-0.05
Calmar ratio: Return relative to maximum drawdown	2.60	2.85	-0.26
Martin ratio: Return relative to average drawdown	8.34	12.65	-4.32

DVQQ vs. BBUS - Sharpe Ratio Comparison

The current DVQQ Sharpe Ratio is 1.93, which is comparable to the BBUS Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of DVQQ and BBUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DVQQ vs. BBUS - Drawdown Comparison

The maximum DVQQ drawdown since its inception was -25.28%, smaller than the maximum BBUS drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for DVQQ and BBUS.

Drawdown Indicators

	DVQQ	BBUS	Difference
Max Drawdown Largest peak-to-trough decline	-25.28%	-35.35%	+10.07%
Max Drawdown (1Y) Largest decline over 1 year	-17.89%	-9.21%	-8.68%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.46%	—
Current Drawdown Current decline from peak	-3.76%	-1.82%	-1.94%
Average Drawdown Average peak-to-trough decline	-7.17%	-5.43%	-1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.56%	2.07%	+3.49%

Volatility

DVQQ vs. BBUS - Volatility Comparison

WEBs QQQ Defined Volatility ETF (DVQQ) has a higher volatility of 9.22% compared to JPMorgan BetaBuilders U.S. Equity ETF (BBUS) at 4.70%. This indicates that DVQQ's price experiences larger fluctuations and is considered to be riskier than BBUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVQQ	BBUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.22%	4.70%	+4.52%
Volatility (6M) Calculated over the trailing 6-month period	17.81%	9.81%	+8.00%
Volatility (1Y) Calculated over the trailing 1-year period	24.05%	12.49%	+11.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.92%	17.12%	+7.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.92%	19.59%	+5.33%

DVQQ vs. BBUS - Expense Ratio Comparison

DVQQ has a 0.94% expense ratio, which is higher than BBUS's 0.02% expense ratio.

Dividends

DVQQ vs. BBUS - Dividend Comparison

DVQQ's dividend yield for the trailing twelve months is around 0.03%, less than BBUS's 0.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BBUS JPMorgan BetaBuilders U.S. Equity ETF	0.99%	1.07%	1.21%	1.38%	1.57%	1.11%	1.43%	1.37%
DVQQ WEBs QQQ Defined Volatility ETF	0.03%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DVQQ and BBUS in my portfolio?

With a correlation of 0.92, DVQQ and BBUS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DVQQ or BBUS?

DVQQ has higher volatility (9.22%) compared to BBUS (4.70%). In terms of maximum drawdown, DVQQ dropped -25.28% vs BBUS's -35.35%.

Which ETF is better, DVQQ or BBUS?

On 1-year performance, DVQQ leads with 46.21% vs 26.13% for BBUS. On fees, BBUS is cheaper at 0.02% per year. On volatility, BBUS has been the lower-risk option at 4.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVQQ or BBUS?

Over the 1-year period, DVQQ has performed better with a 46.21% return vs 26.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVQQ or BBUS?

BBUS is cheaper with a 0.02% expense ratio, compared with 0.94% for DVQQ.

Which ETF pays a higher dividend yield, DVQQ or BBUS?

BBUS has the higher dividend yield at 0.99%, compared with 0.03% for DVQQ.

What is the main difference between DVQQ and BBUS?

DVQQ is categorized as Large Cap Growth Equities, while BBUS is Large Cap Blend Equities. DVQQ tracks Syntax Defined Volatility Triple Qs Index, while BBUS tracks Morningstar US Target Market Exposure Index. They also come from different issuers: WEBs and JPMorgan. Their fees differ too: 0.94% for DVQQ and 0.02% for BBUS.

Which has better risk-adjusted returns?

BBUS currently has the higher Sharpe Ratio (2.11 vs 1.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.