DFSV vs IVV
Dimensional US Small Cap Value ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. DFSV delivered stronger 1-year returns. DFSV offers more diversification with 1,037 holdings.
Side-by-Side Comparison
| Metric | DFSV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.03% | |
| AUM | $8.2B | $865.2B | |
| Dividend Yield | 1.38% | 1.09% | |
| Holdings | 1,037 | 508 | |
| YTD Return | +23.36% | +14.50% | |
| 1Y Return | +31.11% | +22.02% | |
| 3Y Return (annualized) | +16.25% | +21.80% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 21.4% | 15.1% | |
| Max Drawdown | -28.0% | -56.5% | |
| Fund Family | Dimensional | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Feb 23, 2022 | May 15, 2000 |
DFSV vs IVV Performance
Dimensional US Small Cap Value ETF (DFSV) 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 DFSV returned +31.11% while IVV returned +22.02%. Year to date, DFSV is up 23.36% versus a gain of 14.50% for IVV.
Over three years, DFSV compounded at +16.25% per year against +21.80% for IVV. Across the full 5-year window we track, DFSV has the edge at +13.19% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFSV has been the more volatile fund, with annualized monthly volatility of 21.4% 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 -28.0% for DFSV 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFSV charges 0.30% per year while IVV charges 0.03%. On a $10,000 position that is $30 vs $3 annually, a gap of $27 per year that compounds over a long holding period. On income, DFSV currently yields 1.38% against 1.09% for IVV.
Holdings Overlap
DFSV and IVV share 24 holdings out of 1494 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DFSV or IVV?
DFSV has an expense ratio of 0.30% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, DFSV or IVV?
Over the past year DFSV returned +31.11% vs +22.02% for IVV, so DFSV leads on 1-year performance. Over the longest common window we track (5 years), DFSV annualized +13.19% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, DFSV or IVV?
DFSV has been the more volatile fund at 21.4% annualized versus 15.1% for IVV. Worst drawdown: DFSV -28.0% vs IVV -56.5%.
Should I hold both DFSV and IVV?
DFSV and IVV have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DFSV and IVV?
DFSV and IVV share 24 common holdings with a 0.5% weight overlap. Combined, they hold 1494 unique securities.
Which pays a higher dividend, DFSV or IVV?
DFSV yields 1.38% while IVV yields 1.09%, so DFSV currently pays the higher dividend yield.
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