DEXC vs SPY
Dimensional Emerging Markets ex China Core Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, DEXC or SPY?
Small Cap Value against Large Cap Blend.
SPY has a lower expense ratio. DEXC led over 1Y and the full window. DEXC is less concentrated, with 29.7% of the fund in its ten largest positions against 38.0%.
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 | DEXC | SPY |
|---|---|---|
| Expense Ratio | 0.43% | 0.09%Best |
| AUM | $324M | $814.4B |
| Dividend Yield | 1.64% | 1.01% |
| Holdings | 1,987 | 505 |
| YTD Return | +32.83%Best | +12.71% |
| 1Y Return | +49.53%Best | +19.36% |
| 3Y Return (annualized) | - | +21.09% |
| 5Y Return (annualized) | - | +12.69% |
| Volatility (annualized) | 20.9% | 12.6%Best |
| Max Drawdown | -18.3%Best | -18.8% |
| $10,000 over 1.8 years | $16,947Best | $13,144 |
| Top 10 Weight | 29.7%Best | 38.0% |
| Fund Family | Dimensional | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Nov 13, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Nov 14, 2024 to Sep 8, 2026 (1.8 years).
DEXC vs SPY 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 1.8 years both funds cover.
DEXC vs SPY Performance
Dimensional Emerging Markets ex China Core Equity ETF (DEXC) is an ETF from Dimensional and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year DEXC returned +49.53% while SPY returned +19.36%. Year to date, DEXC is up 32.83% versus a gain of 12.71% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DEXC has been the more volatile fund, with annualized monthly volatility of 20.9% compared with 12.6% for SPY. 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 -18.3% for DEXC and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DEXC charges 0.43% per year while SPY charges 0.09%. On a $10,000 position that is $43 vs $9 annually, a gap of $34 per year that compounds over a long holding period. On income, DEXC currently yields 1.64% against 1.01% for SPY.
Holdings Overlap
0.2% of DEXC's money is in holdings SPY also owns. 1.1% of SPY's money is in holdings DEXC also owns.
SPY and DEXC share little of their money.
12 positions in common, counted across the 3,298 positions we hold weights for in DEXC and 503 in SPY, against full books of 1,987 and 505.
What only one of them owns
Our book lists 482 positions for SPY that do not appear in our book for DEXC (98.3% of the fund), and 51 for DEXC that do not appear in SPY (3.9%).
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.
Top Shared Holdings
| Stock | Weight in DEXC | Weight in SPY | Difference |
|---|---|---|---|
| BABoeing Co | 0.01% | 0.28% | 0.27% |
| UNPUnion Pacific Corp | 0.01% | 0.26% | 0.25% |
| RCLRoyal Caribbean Cruises Ltd | 0.01% | 0.12% | 0.11% |
| ECLEcolab, Inc. | 0.01% | 0.11% | 0.10% |
| HALHalliburton | 0.06% | 0.04% | 0.02% |
| BDXBecton, Dickinson And Company | 0.03% | 0.07% | 0.04% |
| EWEdwards Lifesciences Corp | 0.00% | 0.08% | 0.08% |
| QQnity Electronics Inc | 0.03% | 0.04% | 0.01% |
| LHLab Corp | 0.01% | 0.04% | 0.03% |
| TXTTextron Inc Sr Unsec | 0.01% | 0.02% | 0.01% |
You are not choosing between two funds in isolation.
Whichever of DEXC and SPY 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, DEXC or SPY?
DEXC has an expense ratio of 0.43% while SPY charges 0.09%. SPY is the cheaper option, by $34 a year on a $10,000 investment.
Which performed better, DEXC or SPY?
Over the past year DEXC returned +49.53% vs +19.36% for SPY, so DEXC leads on 1-year performance. Over the longest common window we track (2 years), DEXC annualized +34.05% vs +16.40% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DEXC or SPY?
DEXC has been the more volatile fund at 20.9% annualized versus 12.6% for SPY. Worst drawdown: DEXC -18.3% vs SPY -18.8%.
Should I hold both DEXC and SPY?
DEXC and SPY have a monthly-return correlation of 0.66, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DEXC and SPY?
1.1% of SPY's money is in holdings DEXC also owns. 1.1% of SPY's is in holdings DEXC also owns. They hold 12 positions in common, counted across the 3,298 positions we hold weights for in DEXC and 503 in SPY.
Which pays a higher dividend, DEXC or SPY?
DEXC yields 1.64% while SPY yields 1.01%, so DEXC currently pays the higher dividend yield.
Is SPY better than DEXC?
SPY has a lower expense ratio. DEXC led over 1Y and the full window. DEXC is less concentrated, with 29.7% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.