DVQQ vs. DVXY

Last updated Aug 1, 2026

DVQQ (WEBs QQQ Defined Volatility ETF) and DVXY (WEBs Consumer Discretionary XLY Defined Volatility ETF) are both exchange-traded funds - DVQQ is a Large Cap Growth Equities fund tracking the Syntax Defined Volatility Triple Qs Index, while DVXY is a Consumer Discretionary Equities fund tracking the Syntax Defined Volatility XLY Index. Both are passively managed. Over the past year, DVQQ returned 28.24% vs -3.16% for DVXY. Their 0.68 correlation means they have sometimes moved together and sometimes differently. DVQQ charges 0.94%/yr vs 0.89%/yr for DVXY.

Performance

DVQQ vs. DVXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs QQQ Defined Volatility ETF (DVQQ) and WEBs Consumer Discretionary XLY Defined Volatility ETF (DVXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVQQ achieves a 11.17% return, which is significantly higher than DVXY's -12.70% return.

DVQQ

• 1D: 0.67%
• 1M: -2.69%
• 6M: 9.43%
• YTD: 11.17%
• 1Y: 28.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.46%

DVXY

• 1D: 3.83%
• 1M: -3.09%
• 6M: -14.07%
• YTD: -12.70%
• 1Y: -3.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -11.33%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DVQQ WEBs QQQ Defined Volatility ETF	$24.59K	$14.02K	$49.42K
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF	$169.08	$603.38	$908.50

DVQQ vs. DVXY - Yearly Performance Comparison

	2026 (YTD)	2025
DVQQ WEBs QQQ Defined Volatility ETF	11.17%	12.16%
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF	-12.70%	1.31%

Correlation

The correlation between DVQQ and DVXY is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.69
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.68

The correlation between DVQQ and DVXY has been stable across timeframes, ranging from 0.68 to 0.69 - a consistent structural relationship.

Return for Risk

DVQQ vs. DVXY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DVQQ

DVQQ Risk / Return Rank: 38
DVQQ Sharpe Ratio Rank: 39
DVQQ Sortino Ratio Rank: 37
DVQQ Omega Ratio Rank: 37
DVQQ Calmar Ratio Rank: 37
DVQQ Martin Ratio Rank: 37

DVXY

DVXY Risk / Return Rank: 7
DVXY Sharpe Ratio Rank: 7
DVXY Sortino Ratio Rank: 7
DVXY Omega Ratio Rank: 8
DVXY Calmar Ratio Rank: 7
DVXY Martin Ratio Rank: 7

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DVQQ vs. DVXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs QQQ Defined Volatility ETF (DVQQ) and WEBs Consumer Discretionary XLY Defined Volatility ETF (DVXY). 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	DVXY	Difference
Sharpe ratio: Return per unit of total volatility	0.97	-0.27	+1.24
Sortino ratio: Return per unit of downside risk	1.37	-0.20	+1.57
Omega ratio: Gain probability vs. loss probability	1.18	0.98	+0.20
Calmar ratio: Return relative to maximum drawdown	1.32	-0.31	+1.62
Martin ratio: Return relative to average drawdown	3.88	-0.64	+4.52

DVQQ vs. DVXY - Sharpe Ratio Comparison

The current DVQQ Sharpe Ratio is 0.97, which is higher than the DVXY Sharpe Ratio of -0.27. The chart below compares the historical Sharpe Ratios of DVQQ and DVXY, 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. DVXY - Drawdown Comparison

The maximum DVQQ drawdown since its inception was -25.28%, roughly equal to the maximum DVXY drawdown of -24.30%. Use the drawdown chart below to compare losses from any high point for DVQQ and DVXY.

Drawdown Indicators

	DVQQ	DVXY	Difference
Max Drawdown Largest peak-to-trough decline	-25.28%	-24.30%	-0.98%
Max Drawdown (1Y) Largest decline over 1 year	-17.89%	-24.30%	+6.41%
Current Drawdown Current decline from peak	-8.75%	-18.78%	+10.03%
Average Drawdown Average peak-to-trough decline	-7.17%	-9.36%	+2.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.07%	11.68%	-5.61%

Volatility

DVQQ vs. DVXY - Volatility Comparison

The current volatility for WEBs QQQ Defined Volatility ETF (DVQQ) is 5.97%, while WEBs Consumer Discretionary XLY Defined Volatility ETF (DVXY) has a volatility of 9.20%. This indicates that DVQQ experiences smaller price fluctuations and is considered to be less risky than DVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVQQ	DVXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.97%	9.20%	-3.23%
Volatility (6M) Calculated over the trailing 6-month period	17.86%	20.04%	-2.18%
Volatility (1Y) Calculated over the trailing 1-year period	24.44%	27.36%	-2.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.65%	27.32%	-2.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.65%	27.32%	-2.67%

DVQQ vs. DVXY - Expense Ratio Comparison

DVQQ has a 0.94% expense ratio, which is higher than DVXY's 0.89% expense ratio.

Dividends

DVQQ vs. DVXY - Dividend Comparison

DVQQ's dividend yield for the trailing twelve months is around 0.03%, while DVXY has not paid dividends to shareholders.

Position	TTM	2025
DVQQ WEBs QQQ Defined Volatility ETF	0.03%	0.04%
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both DVQQ and DVXY in my portfolio?

DVQQ and DVXY have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVQQ or DVXY?

DVXY has higher volatility (9.20%) compared to DVQQ (5.97%). In terms of maximum drawdown, DVQQ dropped -25.28% vs DVXY's -24.30%.

Which ETF is better, DVQQ or DVXY?

On 1-year performance, DVQQ leads with 28.24% vs -3.16% for DVXY. On fees, DVXY is cheaper at 0.89% per year. On volatility, DVQQ has been the lower-risk option at 5.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVQQ or DVXY?

Over the 1-year period, DVQQ has performed better with a 28.24% return vs -3.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVQQ or DVXY?

DVXY is cheaper with a 0.89% expense ratio, compared with 0.94% for DVQQ.

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

DVQQ has the higher dividend yield at 0.03%, compared with 0.00% for DVXY.

What is the main difference between DVQQ and DVXY?

DVQQ is categorized as Large Cap Growth Equities, while DVXY is Consumer Discretionary Equities. DVQQ tracks Syntax Defined Volatility Triple Qs Index, while DVXY tracks Syntax Defined Volatility XLY Index. Their fees differ too: 0.94% for DVQQ and 0.89% for DVXY.

Which has better risk-adjusted returns?

DVQQ currently has the higher Sharpe Ratio (0.97 vs -0.27), 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.