DFAE vs IVV
Dimensional Emerging Core Equity Market ETF vs iShares Core S&P 500 ETF
Which is better, DFAE or IVV?
Each has led over a different period.
IVV has a lower expense ratio. DFAE led over 1Y and 3Y, IVV over 5Y and the full window.
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 | DFAE | IVV |
|---|---|---|
| Expense Ratio | 0.29% | 0.03%Best |
| AUM | $10.2B | $876.4B |
| Dividend Yield | 1.84% | 1.06% |
| Holdings | 6,482 | 508 |
| YTD Return | +19.51%Best | +11.57% |
| 1Y Return | +30.74%Best | +17.57% |
| 3Y Return (annualized) | +21.82%Best | +20.71% |
| 5Y Return (annualized) | +9.41% | +12.80%Best |
| Volatility (annualized) | 16.1% | 15.1%Best |
| Max Drawdown | -32.2% | -24.5%Best |
| $10,000 over 5 years | $15,678 | $18,262Best |
| Fund Family | Dimensional | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 1, 2020 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 2, 2020 to Sep 10, 2026 (5.8 years).
DFAE 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 5.8 years both funds cover.
DFAE vs IVV Performance
Dimensional Emerging Core Equity Market ETF (DFAE) is an ETF from Dimensional and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year DFAE returned +30.74% while IVV returned +17.57%. Year to date, DFAE is up 19.51% versus a gain of 11.57% for IVV.
Over three years, DFAE compounded at +21.82% per year against +20.71% for IVV; over five years the annualized figures are +9.41% and +12.80% respectively. Across the full 6-year window we track, IVV has the edge at +14.94% annualized vs +10.17%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFAE has been the more volatile fund, with annualized monthly volatility of 16.1% 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 -32.2% for DFAE and -24.5% 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 0.65. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DFAE charges 0.29% per year while IVV charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, DFAE currently yields 1.84% against 1.06% for IVV.
Holdings Overlap
At least 0.3% of IVV's money is in holdings DFAE also owns.
Stated as a floor: for DFAE, our book for it covers 93.4% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
2 positions in common, counted across the 6,067 positions we hold weights for in DFAE and 505 in IVV, against full books of 6,482 and 508.
You are not choosing between two funds in isolation.
Whichever of DFAE 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, DFAE or IVV?
DFAE has an expense ratio of 0.29% while IVV charges 0.03%. IVV is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, DFAE or IVV?
Over the past year DFAE returned +30.74% vs +17.57% for IVV, so DFAE leads on 1-year performance. Over the longest common window we track (6 years), DFAE annualized +10.17% vs +14.94% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFAE or IVV?
DFAE has been the more volatile fund at 16.1% annualized versus 15.1% for IVV. Worst drawdown: DFAE -32.2% vs IVV -24.5%.
Should I hold both DFAE and IVV?
DFAE and IVV have a monthly-return correlation of 0.65, 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, DFAE or IVV?
DFAE yields 1.84% while IVV yields 1.06%, so DFAE currently pays the higher dividend yield.
Is IVV better than DFAE?
IVV has a lower expense ratio. DFAE led over 1Y and 3Y, IVV over 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.