DVQQ vs. ITOT
DVQQ (WEBs QQQ Defined Volatility ETF) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both exchange-traded funds - DVQQ is a Large Cap Growth Equities fund tracking the Syntax Defined Volatility Triple Qs Index, while ITOT is a Large Cap Blend Equities fund tracking the S&P Total Market Index. Both are passively managed. Over the past year, DVQQ returned 49.85% vs 28.12% for ITOT. Their correlation of 0.90 suggests significant overlap in exposure. DVQQ charges 0.94%/yr vs 0.03%/yr for ITOT.
Performance
DVQQ vs. ITOT - Performance Comparison
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Returns By Period
In the year-to-date period, DVQQ achieves a 21.39% return, which is significantly higher than ITOT's 11.25% return.
DVQQ
- 1D
- -0.37%
- 1M
- 14.84%
- YTD
- 21.39%
- 6M
- 18.25%
- 1Y
- 49.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ITOT
- 1D
- -0.73%
- 1M
- 5.01%
- YTD
- 11.25%
- 6M
- 11.12%
- 1Y
- 28.12%
- 3Y*
- 22.09%
- 5Y*
- 12.69%
- 10Y*
- 15.01%
DVQQ vs. ITOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DVQQ WEBs QQQ Defined Volatility ETF | 21.39% | 18.03% | -7.61% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | 11.25% | 17.00% | -2.95% |
Correlation
The correlation between DVQQ and ITOT is 0.91, 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 | 0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024 | 0.90 |
The correlation between DVQQ and ITOT has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
DVQQ vs. ITOT — Risk / Return Rank
DVQQ
ITOT
DVQQ vs. ITOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WEBs QQQ Defined Volatility ETF (DVQQ) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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 | ITOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.42 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 3.17 | -0.37 |
| Martin ratioReturn relative to average drawdown | 9.21 | 14.57 | -5.36 |
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 | ITOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 2.32 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.57 | +0.31 |
Drawdowns
DVQQ vs. ITOT - Drawdown Comparison
The maximum DVQQ drawdown since its inception was -25.09%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for DVQQ and ITOT.
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Drawdown Indicators
| DVQQ | ITOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.09% | -55.20% | +30.11% |
Max Drawdown (1Y)Largest decline over 1 year | -17.89% | -8.90% | -8.99% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.44% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.00% | — |
Current DrawdownCurrent decline from peak | -0.37% | -0.73% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -7.16% | -6.97% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.43% | 1.94% | +3.49% |
Volatility
DVQQ vs. ITOT - Volatility Comparison
WEBs QQQ Defined Volatility ETF (DVQQ) has a higher volatility of 6.29% compared to iShares Core S&P Total U.S. Stock Market ETF (ITOT) at 2.99%. This indicates that DVQQ's price experiences larger fluctuations and is considered to be riskier than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DVQQ | ITOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 2.99% | +3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 16.08% | 9.13% | +6.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.86% | 12.20% | +10.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.37% | 17.36% | +7.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.37% | 18.26% | +6.11% |
DVQQ vs. ITOT - Expense Ratio Comparison
DVQQ has a 0.94% expense ratio, which is higher than ITOT's 0.03% expense ratio.
Dividends
DVQQ vs. ITOT - Dividend Comparison
DVQQ's dividend yield for the trailing twelve months is around 0.03%, less than ITOT's 0.98% 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% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | 0.98% | 1.11% | 1.23% | 1.47% | 1.66% | 1.18% | 1.41% | 1.88% | 2.14% | 1.69% | 1.83% | 2.01% |
Frequently Asked Questions
With a correlation of 0.91, DVQQ and ITOT 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 (6.29%) compared to ITOT (2.99%). In terms of maximum drawdown, DVQQ dropped -25.09% vs ITOT's -55.20%.
On 1-year performance, DVQQ leads with 49.85% vs 28.12% for ITOT. On fees, ITOT is cheaper at 0.03% per year. On volatility, ITOT has been the lower-risk option at 2.99%. 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 49.85% return vs 28.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITOT is cheaper with a 0.03% expense ratio, compared with 0.94% for DVQQ.
ITOT has the higher dividend yield at 0.98%, compared with 0.03% for DVQQ.
DVQQ is categorized as Large Cap Growth Equities, while ITOT is Large Cap Blend Equities. DVQQ tracks Syntax Defined Volatility Triple Qs Index, while ITOT tracks S&P Total Market Index. They also come from different issuers: WEBs and iShares. Their fees differ too: 0.94% for DVQQ and 0.03% for ITOT.
ITOT currently has the higher Sharpe Ratio (2.32 vs 2.19), 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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