At a glance
DVQQ charges 0.96% a year. It has $2.1M in assets; it paid 0.03% of its price in distributions over the past 12 months, annual. Over the past year it returned +10.9% with distributions reinvested (S&P 500: +11.5%).
The short version
WEBs Defined Volatility QQQ ETF (DVQQ), launched by WEBs Investments, Inc. on December 16, 2024, is a small stock fund whose name points to a 'defined volatility' strategy built on QQQ. It may interest growth-minded investors, but despite the name it has swung more than the market, falling 25.1% from December 2024 to April 2025. It also charges 0.96% a year and pays almost no income.
Price history
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DVQQ +10.9% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| DVQQ price data to Oct 27, 2026 | +16.3% | +10.9% | — | — | — | +13.6% |
- Over the year to Oct 27, 2026, DVQQ returned +10.9%.
- Its worst full calendar year was 2025 (+18.0%); its best was 2025 (+18.0%).
- The deepest fall in its price history was 25.1% (Dec 17, 2024 to Apr 8, 2025), recovered by Aug 8, 2025.
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +16.3% |
| 2025 | +18.0% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2025 | $0.0100 |
How it works
WEBs Investments, Inc. launched DVQQ on December 16, 2024. The fund's name points to a 'defined volatility' approach built around QQQ. However, we couldn't find the ticker in the SEC's fund records, where the prospectus and holdings reports would normally appear. So we can't confirm from the fund's own documents what it owns, how it weights positions, what volatility level it aims for or how often it rebalances.
Here is how volatility-targeting funds work in general. They change how much market exposure they carry based on how much prices have been swinging: more when markets are calm, less when they turn rough. Some use derivatives (contracts whose value tracks another asset, such as futures or swaps) to push exposure beyond the fund's own assets. Nothing we reviewed flags DVQQ as leveraged, inverse, options-income or buffered. The prospectus is where those mechanics would be spelled out.
The price record shows what holders actually experienced. As of October 27, 2026, DVQQ's one-year volatility, a measure of how widely its returns swung, was 24.1%. Its one-year beta was 1.75. Beta compares a fund's moves with the market's, and 1.75 means it tended to move about 1.75 times as much. So far, it has not been a calmer ride than the market.
What it really costs
- DVQQ charges 0.96% a year.
In a retirement portfolio
With a one-year beta of 1.75 as of October 27, 2026, a 25.1% drop in its first months and under two years of history, it fits as a small, higher-risk side position rather than a foundation.
DVQQ is too new to show how it handles a bear market. It launched in December 2024, so it has no record from the 2008 financial crisis, the 2020 COVID crash or the 2022 bear market. Its only full calendar year, 2025, returned about 18%, but the ride was rough. It fell 25.1% from December 17, 2024 to April 8, 2025, and regained that peak on August 8, 2025, about four months after the low. Anyone forced to sell near that low would have locked in a loss of about a quarter.
Income is minimal: the trailing yield, paid annually, was 0.03% as of October 27, 2026. The 0.96% expense ratio and small size, about $2.1 million in net assets, add cost and closure risk. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors seeking a small, higher-risk side position tied to QQQ who can accept drops like its 25.1% fall from December 2024 to April 2025.
- Growth-focused holders who don't need income from this position; the trailing yield was 0.03% as of October 27, 2026, paid annually.
- Hands-on investors who will check the fund's own documents on its 'defined volatility' method and can accept under two years of history.
Look elsewhere if
- Anyone wanting a calmer ride: despite its name, DVQQ's one-year beta was 1.75 and its volatility 24.1% as of October 27, 2026.
- Cost-conscious investors: its 0.96% expense ratio is well above what many plain index ETFs charge, and it adds almost no income.
- Investors wanting a large fund with a long record: DVQQ held about $2.1 million and missed the 2008, 2020 and 2022 downturns.
Close alternatives
Matched by legacy category (no holdings report for this fund).
No close alternatives found.
Questions investors ask
What does DVQQ invest in?
DVQQ is a stock ETF from WEBs Investments, Inc. whose name ties it to QQQ through a 'defined volatility' approach. We can't list its holdings or weights, because we couldn't find the ticker in the SEC's fund records, which hold prospectuses and holdings reports. Before investing, it's worth reading the fund's own documents to see what it owns, what volatility level it targets and how often it rebalances.
Is DVQQ a leveraged ETF?
Not by label. Nothing we reviewed classifies DVQQ as leveraged or inverse, and its name doesn't describe it that way. Even so, it has swung more than the market. As of October 27, 2026, its one-year beta was 1.75, meaning it tended to move about 1.75 times as much as the market. Its one-year volatility was 24.1%. Some volatility-targeting strategies raise exposure beyond the fund's own assets when markets are calm. The prospectus is the place to confirm how DVQQ works.
Does DVQQ pay dividends?
Barely. DVQQ paid about $0.01 per share over the 12 months to October 27, 2026, a trailing yield of 0.03%, and it pays annually. That makes it a growth-oriented holding, not an income source. Retirees who rely on portfolio income would need to draw it from other holdings or sell shares. That can mean selling after a slump like its 25.1% decline from December 2024 to April 2025.
What is DVQQ's expense ratio?
DVQQ's expense ratio is 0.96% a year, taken out of fund assets rather than billed separately. That's well above what many plain index ETFs charge, so its strategy has to earn back the difference. The fund is also very small, with about $2.1 million in net assets. Small ETFs can trade with wider spreads (the gap between the quoted prices to trade in and out). They are also more likely to close, which can force an unplanned taxable sale in a regular brokerage account.
How has DVQQ performed since it launched?
Positive but bumpy. DVQQ returned about 18% in 2025, its only full calendar year, and 16.3% in 2026 through October 27 (a partial year). Its one-year return was 10.9% as of October 27, 2026. Along the way it fell 25.1% from December 17, 2024 to April 8, 2025, then recovered by August 8, 2025, about four months after the low. With under two years of history, that record says little about how it would handle a long bear market.