Conventional monolithically integrated 90° downconverter suffers from hardware-induced non-linear constellation distortion, which gets worse far away from the central wavelength or when fabrication errors are taken into account. To overcome these problems, a 120° monolithically integrated downconverter with full compensation of hardware non-idealities has been proposed. It is numerically demonstrated that, in a realistic scenario exposed to the combined effects of fabrication tolerances and limited ADC resolution, this approach exhibits a significantly better signal dynamic range and a remarkable improvement of fabrication yield.