DAX vs IVV
Global X Dax Germany ETF vs iShares Core S&P 500 ETF
Which is better, DAX or IVV?
Large Cap Value against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 64.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DAX | IVV |
|---|---|---|
| Expense Ratio | 0.20% | 0.03%Best |
| AUM | $225M | $876.4B |
| Dividend Yield | 1.99% | 1.06% |
| Holdings | 44 | 508 |
| YTD Return | -0.04% | +12.98%Best |
| 1Y Return | +3.30% | +16.69%Best |
| 3Y Return (annualized) | +20.66% | +23.02%Best |
| 5Y Return (annualized) | +9.43% | +13.61%Best |
| Volatility (annualized) | 33.6% | 15.7%Best |
| Max Drawdown | -56.1% | -52.4%Best |
| $10,000 over 5 years | $15,692 | $18,927Best |
| Top 10 Weight | 64.3% | 37.8%Best |
| Fund Family | Global X by mirae Asset | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 22, 2014 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Apr 11, 2008 to Sep 28, 2026 (18.5 years).
DAX vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 18.5 years both funds cover.
DAX vs IVV Performance
Global X Dax Germany ETF (DAX) is an ETF from Global X by mirae Asset and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year DAX returned +3.30% while IVV returned +16.69%. Year to date, DAX is down 0.04% versus a gain of 12.98% for IVV.
Over three years, DAX compounded at +20.66% per year against +23.02% for IVV; over five years the annualized figures are +9.43% and +13.61% respectively. Across the full 19-year window we track, IVV has the edge at +10.42% annualized vs +4.09%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DAX has been the more volatile fund, with annualized monthly volatility of 33.6% compared with 15.7% for IVV. 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 -56.1% for DAX and -52.4% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.51. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DAX charges 0.20% per year while IVV charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, DAX currently yields 1.99% against 1.06% for IVV.
Holdings Overlap
We hold position weights for 40 holdings in DAX and 490 in IVV, totalling 99.3% and 99.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 40 positions we hold weights for in DAX and 490 in IVV, against full books of 44 and 508.
What only one of them owns
Our book lists 482 positions for IVV that do not appear in our book for DAX (98.6% of the fund), and 5 for DAX that do not appear in IVV (21.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of DAX and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DAX or IVV?
DAX has an expense ratio of 0.20% while IVV charges 0.03%. IVV is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, DAX or IVV?
Over the past year DAX returned +3.30% vs +16.69% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (19 years), DAX annualized +4.09% vs +10.42% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DAX or IVV?
DAX has been the more volatile fund at 33.6% annualized versus 15.7% for IVV. Worst drawdown: DAX -56.1% vs IVV -52.4%.
Should I hold both DAX and IVV?
DAX and IVV have a monthly-return correlation of 0.51, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DAX or IVV?
DAX yields 1.99% while IVV yields 1.06%, so DAX currently pays the higher dividend yield.
Is IVV better than DAX?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 64.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.