VSMV vs. DVQQ
VSMV (VictoryShares US Multi-Factor Minimum Volatility ETF) and DVQQ (WEBs QQQ Defined Volatility ETF) are both exchange-traded funds - VSMV is a Volatility Hedged Equity fund tracking the Nasdaq Victory Multi-Factor Minimum Volatility 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, VSMV returned 24.46% vs 49.85% for DVQQ. A 0.56 correlation means they provide meaningful diversification when combined. VSMV charges 0.35%/yr vs 0.94%/yr for DVQQ.
Performance
VSMV vs. DVQQ - Performance Comparison
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Returns By Period
In the year-to-date period, VSMV achieves a 9.29% return, which is significantly lower than DVQQ's 21.39% return.
VSMV
- 1D
- 0.33%
- 1M
- 2.75%
- YTD
- 9.29%
- 6M
- 9.79%
- 1Y
- 24.46%
- 3Y*
- 16.84%
- 5Y*
- 11.35%
- 10Y*
- —
DVQQ
- 1D
- -0.37%
- 1M
- 14.84%
- YTD
- 21.39%
- 6M
- 18.25%
- 1Y
- 49.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VSMV vs. DVQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF | 9.29% | 16.77% | -2.14% |
DVQQ WEBs QQQ Defined Volatility ETF | 21.39% | 18.03% | -7.61% |
Correlation
The correlation between VSMV and DVQQ is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024 | 0.56 |
The correlation between VSMV and DVQQ has been stable across timeframes, ranging from 0.56 to 0.56 - a consistent structural relationship.
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Return for Risk
VSMV vs. DVQQ — Risk / Return Rank
VSMV
DVQQ
VSMV vs. DVQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) 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.
| VSMV | DVQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.36 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.74 | 2.80 | +1.94 |
| Martin ratioReturn relative to average drawdown | 18.09 | 9.21 | +8.88 |
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
| VSMV | DVQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | 2.19 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.88 | -0.06 |
Drawdowns
VSMV vs. DVQQ - Drawdown Comparison
The maximum VSMV drawdown since its inception was -31.33%, which is greater than DVQQ's maximum drawdown of -25.09%. Use the drawdown chart below to compare losses from any high point for VSMV and DVQQ.
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Drawdown Indicators
| VSMV | DVQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.33% | -25.09% | -6.24% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -17.89% | +12.71% |
Max Drawdown (3Y)Largest decline over 3 years | -13.22% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.96% | — | — |
Current DrawdownCurrent decline from peak | -0.79% | -0.37% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -7.16% | +3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 5.43% | -4.07% |
Volatility
VSMV vs. DVQQ - Volatility Comparison
The current volatility for VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) is 2.41%, while WEBs QQQ Defined Volatility ETF (DVQQ) has a volatility of 6.29%. This indicates that VSMV 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.
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Volatility by Period
| VSMV | DVQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 6.29% | -3.88% |
Volatility (6M)Calculated over the trailing 6-month period | 6.34% | 16.08% | -9.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.08% | 22.86% | -13.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.86% | 24.37% | -11.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.04% | 24.37% | -9.33% |
VSMV vs. DVQQ - Expense Ratio Comparison
VSMV has a 0.35% expense ratio, which is lower than DVQQ's 0.94% expense ratio.
Dividends
VSMV vs. DVQQ - Dividend Comparison
VSMV's dividend yield for the trailing twelve months is around 1.31%, more than DVQQ's 0.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF | 1.31% | 1.35% | 1.36% | 1.77% | 1.99% | 1.36% | 2.01% | 2.00% | 2.42% | 1.11% |
Frequently Asked Questions
VSMV and DVQQ have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVQQ has higher volatility (6.29%) compared to VSMV (2.41%). In terms of maximum drawdown, VSMV dropped -31.33% vs DVQQ's -25.09%.
On 1-year performance, DVQQ leads with 49.85% vs 24.46% for VSMV. On fees, VSMV is cheaper at 0.35% per year. On volatility, VSMV has been the lower-risk option at 2.41%. 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 24.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VSMV is cheaper with a 0.35% expense ratio, compared with 0.94% for DVQQ.
VSMV has the higher dividend yield at 1.31%, compared with 0.03% for DVQQ.
VSMV is categorized as Volatility Hedged Equity, while DVQQ is Large Cap Growth Equities. VSMV tracks Nasdaq Victory Multi-Factor Minimum Volatility Index, while DVQQ tracks Syntax Defined Volatility Triple Qs Index. They also come from different issuers: Crestview and WEBs. Their fees differ too: 0.35% for VSMV and 0.94% for DVQQ.
VSMV currently has the higher Sharpe Ratio (2.71 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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