DVSP vs. DVQQ

Last updated Jun 24, 2026

DVSP (WEBs SPY Defined Volatility ETF) and DVQQ (WEBs QQQ Defined Volatility ETF) are both exchange-traded funds - DVSP is a Large Cap Blend Equities fund tracking the Syntax Defined Volatility US Large Cap 500 Index, while DVQQ is a Large Cap Growth Equities fund tracking the Syntax Defined Volatility Triple Qs Index. Both are passively managed. Over the past year, DVSP returned 27.52% vs 40.25% for DVQQ. Their correlation of 0.92 suggests significant overlap in exposure. DVSP charges 0.89%/yr vs 0.94%/yr for DVQQ.

Performance

DVSP vs. DVQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, DVSP achieves a 4.43% return, which is significantly lower than DVQQ's 14.40% return.

DVSP

• 1D: -1.57%
• 1M: -3.09%
• YTD: 4.43%
• 6M: 2.58%
• 1Y: 27.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DVQQ

• 1D: -2.44%
• 1M: -1.13%
• YTD: 14.40%
• 6M: 12.01%
• 1Y: 40.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVSP vs. DVQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DVSP WEBs SPY Defined Volatility ETF	4.43%	15.57%	-5.64%
DVQQ WEBs QQQ Defined Volatility ETF	14.40%	18.03%	-7.84%

Correlation

The correlation between DVSP and DVQQ is 0.90, 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	0.90
Correlation (All Time) Calculated using the full available price history since Dec 17, 2024	0.92

The correlation between DVSP and DVQQ has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

Return for Risk

DVSP vs. DVQQ — Risk / Return Rank

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

DVSP

DVSP Risk / Return Rank: 40
DVSP Sharpe Ratio Rank: 41
DVSP Sortino Ratio Rank: 37
DVSP Omega Ratio Rank: 38
DVSP Calmar Ratio Rank: 38
DVSP Martin Ratio Rank: 44

DVQQ

DVQQ Risk / Return Rank: 49
DVQQ Sharpe Ratio Rank: 54
DVQQ Sortino Ratio Rank: 46
DVQQ Omega Ratio Rank: 49
DVQQ Calmar Ratio Rank: 50
DVQQ Martin Ratio Rank: 47

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.

DVSP vs. DVQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs SPY Defined Volatility ETF (DVSP) and WEBs QQQ Defined Volatility ETF (DVQQ). 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.

	DVSP	DVQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.68	-0.35
Sortino ratio: Return per unit of downside risk	1.79	2.14	-0.35
Omega ratio: Gain probability vs. loss probability	1.23	1.29	-0.05
Calmar ratio: Return relative to maximum drawdown	1.78	2.26	-0.48
Martin ratio: Return relative to average drawdown	6.68	7.24	-0.56

DVSP vs. DVQQ - Sharpe Ratio Comparison

The current DVSP Sharpe Ratio is 1.33, which is comparable to the DVQQ Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of DVSP and DVQQ, 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

DVSP vs. DVQQ - Drawdown Comparison

The maximum DVSP drawdown since its inception was -22.71%, smaller than the maximum DVQQ drawdown of -25.28%. Use the drawdown chart below to compare losses from any high point for DVSP and DVQQ.

Drawdown Indicators

	DVSP	DVQQ	Difference
Max Drawdown Largest peak-to-trough decline	-22.71%	-25.28%	+2.57%
Max Drawdown (1Y) Largest decline over 1 year	-15.56%	-17.89%	+2.33%
Current Drawdown Current decline from peak	-6.24%	-6.11%	-0.13%
Average Drawdown Average peak-to-trough decline	-5.53%	-7.17%	+1.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.13%	5.57%	-1.44%

Volatility

DVSP vs. DVQQ - Volatility Comparison

The current volatility for WEBs SPY Defined Volatility ETF (DVSP) is 7.77%, while WEBs QQQ Defined Volatility ETF (DVQQ) has a volatility of 9.57%. This indicates that DVSP experiences smaller price fluctuations and is considered to be less risky than DVQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVSP	DVQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.77%	9.57%	-1.80%
Volatility (6M) Calculated over the trailing 6-month period	15.89%	17.92%	-2.03%
Volatility (1Y) Calculated over the trailing 1-year period	20.91%	24.14%	-3.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.24%	24.98%	-2.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.24%	24.98%	-2.74%

DVSP vs. DVQQ - Expense Ratio Comparison

DVSP has a 0.89% expense ratio, which is lower than DVQQ's 0.94% expense ratio.

Dividends

DVSP vs. DVQQ - Dividend Comparison

DVSP's dividend yield for the trailing twelve months is around 0.27%, more than DVQQ's 0.03% yield.

Position	TTM	2025
DVQQ WEBs QQQ Defined Volatility ETF	0.03%	0.04%
DVSP WEBs SPY Defined Volatility ETF	0.27%	0.28%

Frequently Asked Questions

Can I hold both DVSP and DVQQ in my portfolio?

With a correlation of 0.90, DVSP and DVQQ 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.

Which is riskier, DVSP or DVQQ?

DVQQ has higher volatility (9.57%) compared to DVSP (7.77%). In terms of maximum drawdown, DVSP dropped -22.71% vs DVQQ's -25.28%.

Which ETF is better, DVSP or DVQQ?

On 1-year performance, DVQQ leads with 40.25% vs 27.52% for DVSP. On fees, DVSP is cheaper at 0.89% per year. On volatility, DVSP has been the lower-risk option at 7.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVSP or DVQQ?

Over the 1-year period, DVQQ has performed better with a 40.25% return vs 27.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVSP or DVQQ?

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

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

DVSP has the higher dividend yield at 0.27%, compared with 0.03% for DVQQ.

What is the main difference between DVSP and DVQQ?

DVSP is categorized as Large Cap Blend Equities, while DVQQ is Large Cap Growth Equities. DVSP tracks Syntax Defined Volatility US Large Cap 500 Index, while DVQQ tracks Syntax Defined Volatility Triple Qs Index. Their fees differ too: 0.89% for DVSP and 0.94% for DVQQ.

Which has better risk-adjusted returns?

DVQQ currently has the higher Sharpe Ratio (1.68 vs 1.33), 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.