DFSV vs IVV
Dimensional US Small Cap Value ETF vs iShares Core S&P 500 ETF
Which is better, DFSV or IVV?
Small Cap Value against Large Cap Blend.
IVV has a lower expense ratio. DFSV led over 1Y, IVV over 3Y and the full window. DFSV is less concentrated, with 6.8% of the fund in its ten largest positions against 37.8%.
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 | DFSV | IVV |
|---|---|---|
| Expense Ratio | 0.30% | 0.03%Best |
| AUM | $8.3B | $876.4B |
| Dividend Yield | 1.35% | 1.06% |
| Holdings | 31 | 508 |
| YTD Return | +18.73%Best | +11.03% |
| 1Y Return | +23.51%Best | +15.62% |
| 3Y Return (annualized) | +16.71% | +20.81%Best |
| 5Y Return (annualized) | - | +12.61% |
| Volatility (annualized) | 21.3% | 15.7%Best |
| Max Drawdown | -28.0% | -22.1%Best |
| $10,000 over 4.6 years | $16,815 | $18,876Best |
| Top 10 Weight | 6.8%Best | 37.8% |
| Fund Family | Dimensional | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Feb 23, 2022 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 4.6 years row, are measured over the window both funds cover: Feb 24, 2022 to Sep 16, 2026 (4.6 years).
DFSV 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 4.6 years both funds cover.
DFSV vs IVV Performance
Dimensional US Small Cap Value ETF (DFSV) 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 DFSV returned +23.51% while IVV returned +15.62%. Year to date, DFSV is up 18.73% versus a gain of 11.03% for IVV.
Over three years, DFSV compounded at +16.71% per year against +20.81% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFSV has been the more volatile fund, with annualized monthly volatility of 21.3% compared with 15.7% 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 -22.1% 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 0.76. 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 1.35% against 1.06% for IVV.
Holdings Overlap
5.5% of DFSV's money is in holdings IVV also owns. 0.3% of IVV's money is in holdings DFSV also owns.
DFSV and IVV share little of their money.
19 positions in common, counted across the 997 positions we hold weights for in DFSV and 490 in IVV, against full books of 31 and 508.
What only one of them owns
Our book lists 464 positions for IVV that do not appear in our book for DFSV (98.3% of the fund), and 783 for DFSV that do not appear in IVV (90.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in DFSV | Weight in IVV | Difference |
|---|---|---|---|
| IVZInvesco Plc | 0.83% | 0.02% | 0.81% |
| APAApa Corp | 0.75% | 0.02% | 0.73% |
| SWKStanley Black Decker Inc. | 0.53% | 0.02% | 0.51% |
| SWKSSkyworks Solutions Inc. | 0.51% | 0.02% | 0.49% |
| RVTYRevvity Inc | 0.49% | 0.02% | 0.47% |
| MOSMosaic Co | 0.47% | 0.01% | 0.46% |
| SJMJ M Smucker Co/The | 0.38% | 0.02% | 0.36% |
| UHSUniversal Health Services Inc. | 0.35% | 0.01% | 0.34% |
| APTV:SMAptiv Plc | 0.27% | 0.01% | 0.26% |
| HIIHuntington Ingalls Industries Inc. | 0.21% | 0.02% | 0.19% |
You are not choosing between two funds in isolation.
Whichever of DFSV 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, DFSV or IVV?
DFSV has an expense ratio of 0.30% while IVV charges 0.03%. IVV is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, DFSV or IVV?
Over the past year DFSV returned +23.51% vs +15.62% for IVV, so DFSV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFSV or IVV?
DFSV has been the more volatile fund at 21.3% annualized versus 15.7% for IVV. Worst drawdown: DFSV -28.0% vs IVV -22.1%.
Should I hold both DFSV and IVV?
DFSV and IVV have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DFSV and IVV?
5.5% of DFSV's money is in holdings IVV also owns. 0.3% of IVV's is in holdings DFSV also owns. They hold 19 positions in common, counted across the 997 positions we hold weights for in DFSV and 490 in IVV.
Which pays a higher dividend, DFSV or IVV?
DFSV yields 1.35% while IVV yields 1.06%, so DFSV currently pays the higher dividend yield.
Is IVV better than DFSV?
IVV has a lower expense ratio. DFSV led over 1Y, IVV over 3Y and the full window. DFSV is less concentrated, with 6.8% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.