DVQQ vs SPY
WEBs QQQ Defined Volatility ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. DVQQ delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | DVQQ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.94% | 0.09% | |
| AUM | $2M | $789.1B | |
| Dividend Yield | 0.03% | 1.01% | |
| Holdings | 4 | 505 | |
| YTD Return | +16.65% | +13.68% | |
| 1Y Return | +23.19% | +21.53% | |
| 3Y Return (annualized) | - | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 23.5% | 15.3% | |
| Max Drawdown | -25.1% | -56.5% | |
| Fund Family | WEBs Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 16, 2024 | Jan 22, 1993 |
DVQQ vs SPY Performance
WEBs QQQ Defined Volatility ETF (DVQQ) is a ETF from WEBs Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DVQQ returned +23.19% while SPY returned +21.53%. Year to date, DVQQ is up 16.65% versus a gain of 13.68% for SPY.
Risk: Volatility and Drawdowns
DVQQ has been the more volatile fund, with annualized monthly volatility of 23.5% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -25.1% for DVQQ and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DVQQ charges 0.94% per year while SPY charges 0.09%. On a $10,000 position that is $94 vs $9 annually, a gap of $85 per year that compounds over a long holding period. On income, DVQQ currently yields 0.03% against 1.01% for SPY.
Holdings Overlap
DVQQ and SPY share 0 holdings out of 504 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DVQQ or SPY?
DVQQ has an expense ratio of 0.94% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $85 per year of difference.
Which performed better, DVQQ or SPY?
Over the past year DVQQ returned +23.19% vs +21.53% for SPY, so DVQQ leads on 1-year performance. Over the longest common window we track (2 years), DVQQ annualized +15.39% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, DVQQ or SPY?
DVQQ has been the more volatile fund at 23.5% annualized versus 15.3% for SPY. Worst drawdown: DVQQ -25.1% vs SPY -56.5%.
Should I hold both DVQQ and SPY?
DVQQ and SPY have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between DVQQ and SPY?
DVQQ and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, DVQQ or SPY?
DVQQ yields 0.03% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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