DAX vs IVV
Global X Dax Germany ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | DAX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $236M | $907.0B | |
| Dividend Yield | 2.06% | 1.10% | |
| Holdings | 44 | 508 | |
| YTD Return | +5.56% | +14.29% | |
| 1Y Return | +6.89% | +21.79% | |
| 3Y Return (annualized) | +20.60% | +22.19% | |
| 5Y Return (annualized) | +9.50% | +13.28% | |
| Volatility (annualized) | 33.7% | 15.1% | |
| Max Drawdown | -56.1% | -56.5% | |
| Fund Family | Global X by mirae Asset | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Oct 22, 2014 | May 15, 2000 |
DAX vs IVV Performance
Global X Dax Germany ETF (DAX) is a ETF from Global X by mirae Asset and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DAX returned +6.89% while IVV returned +21.79%. Year to date, DAX is up 5.56% versus a gain of 14.29% for IVV.
Over three years, DAX compounded at +20.60% per year against +22.19% for IVV; over five years the annualized figures are +9.50% and +13.28% respectively. Across the full 18-year window we track, IVV has the edge at +7.06% annualized vs +4.43%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DAX has been the more volatile fund, with annualized monthly volatility of 33.7% compared with 15.1% 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 -56.5% for IVV. 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
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 2.06% against 1.10% for IVV.
Holdings Overlap
DAX and IVV share 1 holdings out of 544 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DAX | Weight in IVV | Difference |
|---|---|---|---|
| MRK | 1.05% | 0.48% | 0.57% |
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. On a $10,000 investment, that is $17 per year of difference.
Which performed better, DAX or IVV?
Over the past year DAX returned +6.89% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (18 years), DAX annualized +4.43% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, DAX or IVV?
DAX has been the more volatile fund at 33.7% annualized versus 15.1% for IVV. Worst drawdown: DAX -56.1% vs IVV -56.5%.
Should I hold both DAX and IVV?
DAX and IVV have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DAX and IVV?
DAX and IVV share 1 common holdings with a 0.5% weight overlap. Combined, they hold 544 unique securities.
Which pays a higher dividend, DAX or IVV?
DAX yields 2.06% while IVV yields 1.10%, so DAX currently pays the higher dividend yield.
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