DBAW vs IVV
Xtrackers MSCI All World ex US Hedged Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. DBAW delivered stronger 1-year returns. DBAW offers more diversification with 1,830 holdings.
Side-by-Side Comparison
| Metric | DBAW | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.03% | |
| AUM | $304M | $907.0B | |
| Dividend Yield | 1.73% | 1.10% | |
| Holdings | 1,830 | 508 | |
| YTD Return | +16.56% | +14.29% | |
| 1Y Return | +29.76% | +21.79% | |
| 3Y Return (annualized) | +21.77% | +22.19% | |
| 5Y Return (annualized) | +12.73% | +13.28% | |
| Volatility (annualized) | 12.2% | 15.1% | |
| Max Drawdown | -31.4% | -56.5% | |
| Fund Family | Xtrackers ETFs | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jan 22, 2014 | May 15, 2000 |
DBAW vs IVV Performance
Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) is a ETF from Xtrackers ETFs and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DBAW returned +29.76% while IVV returned +21.79%. Year to date, DBAW is up 16.56% versus a gain of 14.29% for IVV.
Over three years, DBAW compounded at +21.77% per year against +22.19% for IVV; over five years the annualized figures are +12.73% and +13.28% respectively. Across the full 13-year window we track, DBAW has the edge at +7.77% annualized vs +7.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.2% for DBAW. 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 -31.4% for DBAW 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DBAW charges 0.40% per year while IVV charges 0.03%. On a $10,000 position that is $40 vs $3 annually, a gap of $37 per year that compounds over a long holding period. On income, DBAW currently yields 1.73% against 1.10% for IVV.
Holdings Overlap
DBAW and IVV share 1 holdings out of 2255 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DBAW | Weight in IVV | Difference |
|---|---|---|---|
| HAL | 0.02% | 0.04% | 0.02% |
Frequently Asked Questions
Which is cheaper, DBAW or IVV?
DBAW has an expense ratio of 0.40% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, DBAW or IVV?
Over the past year DBAW returned +29.76% vs +21.79% for IVV, so DBAW leads on 1-year performance. Over the longest common window we track (13 years), DBAW annualized +7.77% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, DBAW or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.2% for DBAW. Worst drawdown: DBAW -31.4% vs IVV -56.5%.
Should I hold both DBAW and IVV?
DBAW and IVV have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DBAW and IVV?
DBAW and IVV share 1 common holdings with a 0.0% weight overlap. Combined, they hold 2255 unique securities.
Which pays a higher dividend, DBAW or IVV?
DBAW yields 1.73% while IVV yields 1.10%, so DBAW currently pays the higher dividend yield.
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