DFP vs IVV
Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. vs iShares Core S&P 500 ETF
Quick Verdict
IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | DFP | IVV | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.03% | |
| AUM | $459M | $907.0B | |
| Dividend Yield | 6.92% | 1.10% | |
| Holdings | 245 | 508 | |
| YTD Return | +3.75% | +12.96% | |
| 1Y Return | +7.41% | +20.70% | |
| 3Y Return (annualized) | +13.61% | +22.10% | |
| 5Y Return (annualized) | +0.18% | +13.40% | |
| Volatility (annualized) | 20.8% | 15.1% | |
| Max Drawdown | -66.8% | -56.5% | |
| Fund Family | Flaherty & Crumrine | iShares by BlackRock (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | May 24, 2013 | May 15, 2000 |
DFP vs IVV Performance
Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) is a ETF from Flaherty & Crumrine and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DFP returned +7.41% while IVV returned +20.70%. Year to date, DFP is up 3.75% versus a gain of 12.96% for IVV.
Over three years, DFP compounded at +13.61% per year against +22.10% for IVV; over five years the annualized figures are +0.18% and +13.40% respectively. Across the full 19-year window we track, IVV has the edge at +7.01% annualized vs +1.28%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFP has been the more volatile fund, with annualized monthly volatility of 20.8% 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 -66.8% for DFP 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 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
DFP and IVV share 10 holdings out of 680 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, DFP or IVV?
Over the past year DFP returned +7.41% vs +20.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (19 years), DFP annualized +1.28% vs +7.01% for IVV. Past performance does not guarantee future results.
Which is riskier, DFP or IVV?
DFP has been the more volatile fund at 20.8% annualized versus 15.1% for IVV. Worst drawdown: DFP -66.8% vs IVV -56.5%.
Should I hold both DFP and IVV?
DFP and IVV have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DFP and IVV?
DFP and IVV share 10 common holdings with a 0.8% weight overlap. Combined, they hold 680 unique securities.
Which pays a higher dividend, DFP or IVV?
DFP yields 6.92% while IVV yields 1.10%, so DFP currently pays the higher dividend yield.
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