DBL vs IVV
DoubleLine Opportunistic Credit Fund vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. DBL offers more diversification with 571 holdings.
Side-by-Side Comparison
| Metric | DBL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 2.46% | 0.03% | |
| AUM | $290M | $907.0B | |
| Dividend Yield | 9.07% | 1.10% | |
| Holdings | 571 | 508 | |
| YTD Return | -1.66% | +14.29% | |
| 1Y Return | +0.19% | +21.79% | |
| 3Y Return (annualized) | +7.94% | +22.19% | |
| 5Y Return (annualized) | +1.57% | +13.28% | |
| Volatility (annualized) | 10.1% | 15.1% | |
| Max Drawdown | -45.3% | -56.5% | |
| Fund Family | DoubleLine Funds | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jan 26, 2012 | May 15, 2000 |
DBL vs IVV Performance
DoubleLine Opportunistic Credit Fund (DBL) is a ETF from DoubleLine Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DBL returned +0.19% while IVV returned +21.79%. Year to date, DBL is down 1.66% versus a gain of 14.29% for IVV.
Over three years, DBL compounded at +7.94% per year against +22.19% for IVV; over five years the annualized figures are +1.57% and +13.28% respectively. Across the full 15-year window we track, IVV has the edge at +7.06% annualized vs -0.98%. 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 10.1% for DBL. 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 -45.3% for DBL 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 0.39. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DBL charges 2.46% per year while IVV charges 0.03%. On a $10,000 position that is $246 vs $3 annually, a gap of $243 per year that compounds over a long holding period. On income, DBL currently yields 9.07% against 1.10% for IVV.
Frequently Asked Questions
Which is cheaper, DBL or IVV?
DBL has an expense ratio of 2.46% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $243 per year of difference.
Which performed better, DBL or IVV?
Over the past year DBL returned +0.19% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (15 years), DBL annualized -0.98% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, DBL or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 10.1% for DBL. Worst drawdown: DBL -45.3% vs IVV -56.5%.
Should I hold both DBL and IVV?
DBL and IVV have a monthly-return correlation of 0.39, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, DBL or IVV?
DBL yields 9.07% while IVV yields 1.10%, so DBL currently pays the higher dividend yield.
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