DVQQ vs. ILCB
DVQQ (WEBs QQQ Defined Volatility ETF) and ILCB (iShares Morningstar U.S. Equity ETF) are both Large Cap Growth Equities funds - DVQQ tracks the Syntax Defined Volatility Triple Qs Index while ILCB tracks the Morningstar US Large-Mid Cap Index. Both are passively managed. Over the past year, DVQQ returned 48.51% vs 28.46% for ILCB. Their correlation of 0.91 suggests significant overlap in exposure. DVQQ charges 0.94%/yr vs 0.03%/yr for ILCB.
Performance
DVQQ vs. ILCB - Performance Comparison
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Returns By Period
In the year-to-date period, DVQQ achieves a 20.55% return, which is significantly higher than ILCB's 11.56% return.
DVQQ
- 1D
- -0.69%
- 1M
- 11.94%
- YTD
- 20.55%
- 6M
- 17.68%
- 1Y
- 48.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ILCB
- 1D
- 0.40%
- 1M
- 4.85%
- YTD
- 11.56%
- 6M
- 11.45%
- 1Y
- 28.46%
- 3Y*
- 22.90%
- 5Y*
- 13.55%
- 10Y*
- 14.98%
DVQQ vs. ILCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DVQQ WEBs QQQ Defined Volatility ETF | 20.55% | 18.03% | -7.61% |
ILCB iShares Morningstar U.S. Equity ETF | 11.56% | 17.70% | -2.94% |
Correlation
The correlation between DVQQ and ILCB 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 18, 2024 | 0.91 |
The correlation between DVQQ and ILCB has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
DVQQ vs. ILCB — Risk / Return Rank
DVQQ
ILCB
DVQQ vs. ILCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WEBs QQQ Defined Volatility ETF (DVQQ) and iShares Morningstar U.S. Equity ETF (ILCB). 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.
| DVQQ | ILCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.43 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 3.14 | -0.42 |
| Martin ratioReturn relative to average drawdown | 8.96 | 14.46 | -5.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DVQQ | ILCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.38 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.79 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.64 | +0.22 |
Drawdowns
DVQQ vs. ILCB - Drawdown Comparison
The maximum DVQQ drawdown since its inception was -25.09%, smaller than the maximum ILCB drawdown of -51.53%. Use the drawdown chart below to compare losses from any high point for DVQQ and ILCB.
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Drawdown Indicators
| DVQQ | ILCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.09% | -51.53% | +26.44% |
Max Drawdown (1Y)Largest decline over 1 year | -17.89% | -9.09% | -8.80% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.05% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.30% | — |
Current DrawdownCurrent decline from peak | -1.05% | -0.27% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -7.14% | -6.23% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.43% | 1.97% | +3.46% |
Volatility
DVQQ vs. ILCB - Volatility Comparison
WEBs QQQ Defined Volatility ETF (DVQQ) has a higher volatility of 6.30% compared to iShares Morningstar U.S. Equity ETF (ILCB) at 2.83%. This indicates that DVQQ's price experiences larger fluctuations and is considered to be riskier than ILCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DVQQ | ILCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.30% | 2.83% | +3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 16.08% | 9.11% | +6.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.86% | 12.01% | +10.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.34% | 17.12% | +7.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.34% | 18.16% | +6.18% |
DVQQ vs. ILCB - Expense Ratio Comparison
DVQQ has a 0.94% expense ratio, which is higher than ILCB's 0.03% expense ratio.
Dividends
DVQQ vs. ILCB - Dividend Comparison
DVQQ's dividend yield for the trailing twelve months is around 0.03%, less than ILCB's 0.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVQQ WEBs QQQ Defined Volatility ETF | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ILCB iShares Morningstar U.S. Equity ETF | 0.96% | 1.11% | 1.19% | 1.43% | 1.65% | 1.16% | 1.26% | 2.25% | 2.17% | 1.81% | 1.97% | 2.44% |
Frequently Asked Questions
With a correlation of 0.92, DVQQ and ILCB 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.
DVQQ has higher volatility (6.30%) compared to ILCB (2.83%). In terms of maximum drawdown, DVQQ dropped -25.09% vs ILCB's -51.53%.
On 1-year performance, DVQQ leads with 48.51% vs 28.46% for ILCB. On fees, ILCB is cheaper at 0.03% per year. On volatility, ILCB has been the lower-risk option at 2.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DVQQ has performed better with a 48.51% return vs 28.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ILCB is cheaper with a 0.03% expense ratio, compared with 0.94% for DVQQ.
ILCB has the higher dividend yield at 0.96%, compared with 0.03% for DVQQ.
DVQQ tracks Syntax Defined Volatility Triple Qs Index, while ILCB tracks Morningstar US Large-Mid Cap Index. They also come from different issuers: WEBs and iShares. Their fees differ too: 0.94% for DVQQ and 0.03% for ILCB.
ILCB currently has the higher Sharpe Ratio (2.38 vs 2.13), 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.
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