DVQQ vs. ILCG
DVQQ (WEBs QQQ Defined Volatility ETF) and ILCG (iShares Morningstar Growth ETF) are both Large Cap Growth Equities funds - DVQQ tracks the Syntax Defined Volatility Triple Qs Index while ILCG tracks the Morningstar US Large-Mid Cap Broad Growth Index Gross. Both are passively managed. Over the past year, DVQQ returned 48.51% vs 28.93% for ILCG. Their correlation of 0.93 suggests significant overlap in exposure. DVQQ charges 0.94%/yr vs 0.04%/yr for ILCG.
Performance
DVQQ vs. ILCG - 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 ILCG's 14.41% return.
DVQQ
- 1D
- -0.69%
- 1M
- 11.94%
- YTD
- 20.55%
- 6M
- 17.68%
- 1Y
- 48.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ILCG
- 1D
- -0.06%
- 1M
- 6.73%
- YTD
- 14.41%
- 6M
- 14.04%
- 1Y
- 28.93%
- 3Y*
- 26.58%
- 5Y*
- 14.94%
- 10Y*
- 18.11%
DVQQ vs. ILCG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DVQQ WEBs QQQ Defined Volatility ETF | 20.55% | 18.03% | -7.61% |
ILCG iShares Morningstar Growth ETF | 14.41% | 16.71% | -3.84% |
Correlation
The correlation between DVQQ and ILCG is 0.94, 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 | 0.94 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024 | 0.93 |
The correlation between DVQQ and ILCG has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
DVQQ vs. ILCG — Risk / Return Rank
DVQQ
ILCG
DVQQ vs. ILCG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WEBs QQQ Defined Volatility ETF (DVQQ) and iShares Morningstar Growth ETF (ILCG). 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 | ILCG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.31 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 1.86 | +0.87 |
| Martin ratioReturn relative to average drawdown | 8.96 | 6.54 | +2.42 |
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 | ILCG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 1.78 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.68 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.59 | +0.27 |
Drawdowns
DVQQ vs. ILCG - Drawdown Comparison
The maximum DVQQ drawdown since its inception was -25.09%, smaller than the maximum ILCG drawdown of -52.98%. Use the drawdown chart below to compare losses from any high point for DVQQ and ILCG.
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Drawdown Indicators
| DVQQ | ILCG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.09% | -52.98% | +27.89% |
Max Drawdown (1Y)Largest decline over 1 year | -17.89% | -15.65% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.10% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.38% | — |
Current DrawdownCurrent decline from peak | -1.05% | -1.08% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -7.14% | -8.22% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.43% | 4.43% | +1.00% |
Volatility
DVQQ vs. ILCG - Volatility Comparison
WEBs QQQ Defined Volatility ETF (DVQQ) has a higher volatility of 6.30% compared to iShares Morningstar Growth ETF (ILCG) at 4.39%. This indicates that DVQQ's price experiences larger fluctuations and is considered to be riskier than ILCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DVQQ | ILCG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.30% | 4.39% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 16.08% | 12.81% | +3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.86% | 16.30% | +6.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.34% | 21.99% | +2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.34% | 21.53% | +2.81% |
DVQQ vs. ILCG - Expense Ratio Comparison
DVQQ has a 0.94% expense ratio, which is higher than ILCG's 0.04% expense ratio.
Dividends
DVQQ vs. ILCG - Dividend Comparison
DVQQ's dividend yield for the trailing twelve months is around 0.03%, less than ILCG's 0.40% 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% |
ILCG iShares Morningstar Growth ETF | 0.40% | 0.47% | 0.50% | 0.69% | 0.75% | 0.34% | 0.28% | 0.54% | 0.81% | 0.89% | 0.95% | 0.99% |
Frequently Asked Questions
With a correlation of 0.94, DVQQ and ILCG 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 ILCG (4.39%). In terms of maximum drawdown, DVQQ dropped -25.09% vs ILCG's -52.98%.
On 1-year performance, DVQQ leads with 48.51% vs 28.93% for ILCG. On fees, ILCG is cheaper at 0.04% per year. On volatility, ILCG has been the lower-risk option at 4.39%. 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 28.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ILCG is cheaper with a 0.04% expense ratio, compared with 0.94% for DVQQ.
ILCG has the higher dividend yield at 0.40%, compared with 0.03% for DVQQ.
DVQQ tracks Syntax Defined Volatility Triple Qs Index, while ILCG tracks Morningstar US Large-Mid Cap Broad Growth Index Gross. They also come from different issuers: WEBs and iShares. Their fees differ too: 0.94% for DVQQ and 0.04% for ILCG.
DVQQ currently has the higher Sharpe Ratio (2.13 vs 1.78), 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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