DVQQ vs. LGLV

Last updated Jun 5, 2026

DVQQ (WEBs QQQ Defined Volatility ETF) and LGLV (SPDR SSGA US Large Cap Low Volatility Index ETF) are both exchange-traded funds - DVQQ is a Large Cap Growth Equities fund tracking the Syntax Defined Volatility Triple Qs Index, while LGLV is a Volatility Hedged Equity fund tracking the SSGA US Large Cap Low Volatility (TR). Both are passively managed. Over the past year, DVQQ returned 48.51% vs 4.06% for LGLV. At a 0.29 correlation, their price movements are largely independent. DVQQ charges 0.94%/yr vs 0.12%/yr for LGLV.

Performance

DVQQ vs. LGLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs QQQ Defined Volatility ETF (DVQQ) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVQQ achieves a 20.55% return, which is significantly higher than LGLV's 1.56% return.

DVQQ

• 1D: -0.69%
• 1M: 11.94%
• YTD: 20.55%
• 6M: 17.68%
• 1Y: 48.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LGLV

• 1D: 0.73%
• 1M: -1.31%
• YTD: 1.56%
• 6M: 1.80%
• 1Y: 4.06%
• 3Y*: 11.48%
• 5Y*: 7.86%
• 10Y*: 11.01%

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

DVQQ vs. LGLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DVQQ WEBs QQQ Defined Volatility ETF	20.55%	18.03%	-7.61%
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	1.56%	8.37%	-1.83%

Correlation

The correlation between DVQQ and LGLV is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024	0.29

Return for Risk

DVQQ vs. LGLV — Risk / Return Rank

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

DVQQ

DVQQ Risk / Return Rank: 58
DVQQ Sharpe Ratio Rank: 65
DVQQ Sortino Ratio Rank: 57
DVQQ Omega Ratio Rank: 59
DVQQ Calmar Ratio Rank: 56
DVQQ Martin Ratio Rank: 53

LGLV

LGLV Risk / Return Rank: 16
LGLV Sharpe Ratio Rank: 16
LGLV Sortino Ratio Rank: 15
LGLV Omega Ratio Rank: 15
LGLV Calmar Ratio Rank: 16
LGLV Martin Ratio Rank: 17

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. LGLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs QQQ Defined Volatility ETF (DVQQ) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV). 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	LGLV	Difference
Sharpe ratio: Return per unit of total volatility	2.13	0.44	+1.69
Sortino ratio: Return per unit of downside risk	2.67	0.70	+1.98
Omega ratio: Gain probability vs. loss probability	1.35	1.08	+0.28
Calmar ratio: Return relative to maximum drawdown	2.73	0.59	+2.13
Martin ratio: Return relative to average drawdown	8.96	1.51	+7.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DVQQ vs. LGLV - Sharpe Ratio Comparison

The current DVQQ Sharpe Ratio is 2.13, which is higher than the LGLV Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of DVQQ and LGLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DVQQ	LGLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	0.44	+1.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.77	+0.09

Drawdowns

DVQQ vs. LGLV - Drawdown Comparison

The maximum DVQQ drawdown since its inception was -25.09%, smaller than the maximum LGLV drawdown of -36.64%. Use the drawdown chart below to compare losses from any high point for DVQQ and LGLV.

Drawdown Indicators

	DVQQ	LGLV	Difference
Max Drawdown Largest peak-to-trough decline	-25.09%	-36.64%	+11.55%
Max Drawdown (1Y) Largest decline over 1 year	-17.89%	-6.86%	-11.03%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.17%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.49%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.64%	—
Current Drawdown Current decline from peak	-1.05%	-5.92%	+4.87%
Average Drawdown Average peak-to-trough decline	-7.14%	-3.22%	-3.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.43%	2.70%	+2.73%

Volatility

DVQQ vs. LGLV - Volatility Comparison

WEBs QQQ Defined Volatility ETF (DVQQ) has a higher volatility of 6.30% compared to SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) at 2.53%. This indicates that DVQQ's price experiences larger fluctuations and is considered to be riskier than LGLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVQQ	LGLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.30%	2.53%	+3.77%
Volatility (6M) Calculated over the trailing 6-month period	16.08%	6.55%	+9.53%
Volatility (1Y) Calculated over the trailing 1-year period	22.86%	9.22%	+13.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.34%	12.91%	+11.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.34%	16.06%	+8.28%

DVQQ vs. LGLV - Expense Ratio Comparison

DVQQ has a 0.94% expense ratio, which is higher than LGLV's 0.12% expense ratio.

Dividends

DVQQ vs. LGLV - Dividend Comparison

DVQQ's dividend yield for the trailing twelve months is around 0.03%, less than LGLV's 2.03% 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%
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	2.03%	1.94%	1.93%	2.03%	1.95%	1.65%	1.98%	1.89%	2.09%	4.39%	2.54%	2.97%

Frequently Asked Questions

Can I hold both DVQQ and LGLV in my portfolio?

DVQQ and LGLV have a correlation of 0.23, 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 LGLV?

DVQQ has higher volatility (6.30%) compared to LGLV (2.53%). In terms of maximum drawdown, DVQQ dropped -25.09% vs LGLV's -36.64%.

Which ETF is better, DVQQ or LGLV?

On 1-year performance, DVQQ leads with 48.51% vs 4.06% for LGLV. On fees, LGLV is cheaper at 0.12% per year. On volatility, LGLV has been the lower-risk option at 2.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVQQ or LGLV?

Over the 1-year period, DVQQ has performed better with a 48.51% return vs 4.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVQQ or LGLV?

LGLV is cheaper with a 0.12% expense ratio, compared with 0.94% for DVQQ.

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

LGLV has the higher dividend yield at 2.03%, compared with 0.03% for DVQQ.

What is the main difference between DVQQ and LGLV?

DVQQ is categorized as Large Cap Growth Equities, while LGLV is Volatility Hedged Equity. DVQQ tracks Syntax Defined Volatility Triple Qs Index, while LGLV tracks SSGA US Large Cap Low Volatility (TR). They also come from different issuers: WEBs and State Street. Their fees differ too: 0.94% for DVQQ and 0.12% for LGLV.

Which has better risk-adjusted returns?

DVQQ currently has the higher Sharpe Ratio (2.13 vs 0.44), 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.