DFGP vs IVV
Dimensional Global Core Plus Fixed Income ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. DFGP offers more diversification with 853 holdings.
Side-by-Side Comparison
| Metric | DFGP | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.22% | 0.03% | |
| AUM | $3.4B | $865.2B | |
| Dividend Yield | 4.41% | 1.09% | |
| Holdings | 1,422 | 508 | |
| YTD Return | +0.89% | +13.80% | |
| 1Y Return | +2.75% | +23.01% | |
| 3Y Return (annualized) | - | +21.77% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 4.6% | 15.1% | |
| Max Drawdown | -3.2% | -56.5% | |
| Fund Family | Dimensional | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 7, 2023 | May 15, 2000 |
DFGP vs IVV Performance
Dimensional Global Core Plus Fixed Income ETF (DFGP) is a ETF from Dimensional and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DFGP returned +2.75% while IVV returned +23.01%. Year to date, DFGP is up 0.89% versus a gain of 13.80% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 4.6% for DFGP. 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 -3.2% for DFGP 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DFGP charges 0.22% per year while IVV charges 0.03%. On a $10,000 position that is $22 vs $3 annually, a gap of $19 per year that compounds over a long holding period. On income, DFGP currently yields 4.41% against 1.09% for IVV.
Holdings Overlap
DFGP and IVV share 0 holdings out of 1358 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DFGP or IVV?
DFGP has an expense ratio of 0.22% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $19 per year of difference.
Which performed better, DFGP or IVV?
Over the past year DFGP returned +2.75% vs +23.01% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), DFGP annualized +6.74% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, DFGP or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 4.6% for DFGP. Worst drawdown: DFGP -3.2% vs IVV -56.5%.
Should I hold both DFGP and IVV?
DFGP and IVV have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DFGP and IVV?
DFGP and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1358 unique securities.
Which pays a higher dividend, DFGP or IVV?
DFGP yields 4.41% while IVV yields 1.09%, so DFGP currently pays the higher dividend yield.
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