DVQQ

AICHEngineer

Voltargeting isnt a worthless idea. Its kinda like a trend filter. If you think about an SMA strategy like a 200 or 220 or 250 day, fairly long lookback, most high volatility days cluster beneath the SMA line and thats when you get out of levered positions. DVQQ/SP went down to ~50% exppsure during april, but they took a while to catch the rebound and missed some of the biggest days when trump would rugpull tarrif expectations. Then during the nice low vol summer they went almost 2x exposure and regained a lot of lost ground. But to me, WEBs is just solving the wrong problem with these products, and the fact that it costs 0.96% makes them worthless. Not to mention the costs of the swaps when they go long leverage. For reference, even a simple 220day SMA -/+1% buffer that switches between 100% QQQ and 50/50 QQQ/Cash did 4% higher CAGR than DVQQ since its inception, and going 2x vs 50/50 depending on the SMA signal still did 2%cagr better over the timeframe (had to eat that 40% QLD drawdown into liberation day). Some bad things about the company from their prospectus: "The Securities and Exchange Commission (“SEC”) has not approved or disapproved these securities or passed upon the accuracy or adequacy of this Prospectus." And Syntax's website is hard to find since they changed their name to WEBs ETF trust. In sumary: DVQQ is going to delist, I can almost guarantee it. They dont even have 4M AUM after a year. They have produced *higher* volatility than QQQ for half the CAGR while charging 0.96% ER vs QQQM at 0.15%. Also theyre not even kosher with the SEC yet. DVSP will almost certainly delist for the same reason. WEBs is a small hack shop riding the wave of niche over financialized ETF offerings charging 0.6-1.1 ER for things like options buffering, covered calls, vol targeting, put spread inclme, etc. All of these are bad.

SorrysInASack

Hijacking. AICH have you ever looked at DVSP or DVQQ? Newer products to be sure. Interesting construction and strategy. Any thoughts?