DFSE vs IVV
Dimensional Emerging Markets Sustainability Core 1 ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. DFSE delivered stronger 1-year returns. DFSE offers more diversification with 1859 holdings.
Side-by-Side Comparison
| Metric | DFSE | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.41% | 0.03% | |
| AUM | $582M | $865.2B | |
| Dividend Yield | 1.89% | 1.09% | |
| Holdings | 4,274 | 508 | |
| YTD Return | +13.28% | +13.80% | |
| 1Y Return | +25.35% | +23.01% | |
| 3Y Return (annualized) | +18.68% | +21.77% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 15.0% | 15.1% | |
| Max Drawdown | -19.8% | -56.5% | |
| Fund Family | Dimensional | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 1, 2022 | May 15, 2000 |
DFSE vs IVV Performance
Dimensional Emerging Markets Sustainability Core 1 ETF (DFSE) 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 DFSE returned +25.35% while IVV returned +23.01%. Year to date, DFSE is up 13.28% versus a gain of 13.80% for IVV.
Over three years, DFSE compounded at +18.68% per year against +21.77% for IVV. Across the full 4-year window we track, DFSE has the edge at +20.68% annualized vs +7.04%. 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 15.0% for DFSE. 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 -19.8% for DFSE 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFSE charges 0.41% per year while IVV charges 0.03%. On a $10,000 position that is $41 vs $3 annually, a gap of $38 per year that compounds over a long holding period. On income, DFSE currently yields 1.89% against 1.09% for IVV.
Holdings Overlap
DFSE and IVV share 375 holdings out of 1989 unique holdings combined, representing a 67.4% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, DFSE or IVV?
DFSE has an expense ratio of 0.41% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $38 per year of difference.
Which performed better, DFSE or IVV?
Over the past year DFSE returned +25.35% vs +23.01% for IVV, so DFSE leads on 1-year performance. Over the longest common window we track (4 years), DFSE annualized +20.68% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, DFSE or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 15.0% for DFSE. Worst drawdown: DFSE -19.8% vs IVV -56.5%.
Should I hold both DFSE and IVV?
DFSE and IVV have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DFSE and IVV?
DFSE and IVV share 375 common holdings with a 67.4% weight overlap. Combined, they hold 1989 unique securities.
Which pays a higher dividend, DFSE or IVV?
DFSE yields 1.89% while IVV yields 1.09%, so DFSE currently pays the higher dividend yield.
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