DFUS vs IVV
Dimensional US Equity Market ETF vs iShares Core S&P 500 ETF
Which is better, DFUS or IVV?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. DFUS is less concentrated, with 34.9% 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 | DFUS | IVV |
|---|---|---|
| Expense Ratio | 0.09% | 0.03%Best |
| AUM | $21.4B | $876.4B |
| Dividend Yield | 0.84% | 1.06% |
| Holdings | 2,253 | 508 |
| YTD Return | +12.47%Best | +12.39% |
| 1Y Return | +16.32% | +16.61%Best |
| 3Y Return (annualized) | +21.29% | +21.38%Best |
| 5Y Return (annualized) | +13.12% | +13.51%Best |
| Volatility (annualized) | 15.7% | 15.6%Best |
| Max Drawdown | -24.6% | -24.5%Best |
| $10,000 over 5 years | $18,522 | $18,844Best |
| Top 10 Weight | 34.9%Best | 37.8% |
| Fund Family | Dimensional | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 25, 2001 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Jun 14, 2021 to Sep 18, 2026 (5.3 years).
DFUS 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 5.3 years both funds cover.
DFUS vs IVV Performance
Dimensional US Equity Market ETF (DFUS) 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 DFUS returned +16.32% while IVV returned +16.61%. Year to date, DFUS is up 12.47% versus a gain of 12.39% for IVV.
Over three years, DFUS compounded at +21.29% per year against +21.38% for IVV; over five years the annualized figures are +13.12% and +13.51% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFUS has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 15.6% 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 -24.6% for DFUS and -24.5% 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 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DFUS charges 0.09% per year while IVV charges 0.03%. On a $10,000 position that is $9 vs $3 annually, a gap of $6 per year that compounds over a long holding period. On income, DFUS currently yields 0.84% against 1.06% for IVV.
Holdings Overlap
89.2% of DFUS's money is in holdings IVV also owns. 96.8% of IVV's money is in holdings DFUS also owns.
Most of IVV is already inside DFUS. Owning both mostly buys the same companies twice.
451 positions in common, counted across the 2,215 positions we hold weights for in DFUS and 490 in IVV, against full books of 2,253 and 508.
What only one of them owns
Our book lists 34 positions for IVV that do not appear in our book for DFUS (2.1% of the fund), and 541 for DFUS that do not appear in IVV (8.6%).
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 DFUS | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.24% | 8.07% | 0.83% |
| AAPLApple, Inc | 6.45% | 7.02% | 0.57% |
| MSFTMicrosoft Corp | 5.31% | 5.69% | 0.38% |
| AMZNAmazon.Com Inc | 3.58% | 3.84% | 0.26% |
| GOOGLAlphabet Inc,class A | 2.79% | 3.00% | 0.21% |
| AVGOBroadcom Inc | 2.44% | 2.65% | 0.21% |
| GOOGAlphabet Inc | 2.27% | 2.39% | 0.12% |
| METAMeta Platforms Inc | 1.79% | 1.90% | 0.11% |
| MUMicron Technology, Inc. | 1.54% | 1.63% | 0.09% |
| TSLATesla Inc | 1.52% | 1.56% | 0.04% |
96.8% of IVV is already inside DFUS.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DFUS or IVV?
DFUS has an expense ratio of 0.09% while IVV charges 0.03%. IVV is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, DFUS or IVV?
Over the past year DFUS returned +16.32% vs +16.61% for IVV, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFUS or IVV?
DFUS has been the more volatile fund at 15.7% annualized versus 15.6% for IVV. Worst drawdown: DFUS -24.6% vs IVV -24.5%.
Should I hold both DFUS and IVV?
DFUS and IVV have a monthly-return correlation of 1.00, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DFUS and IVV?
96.8% of IVV's money is in holdings DFUS also owns. 96.8% of IVV's is in holdings DFUS also owns. They hold 451 positions in common, counted across the 2,215 positions we hold weights for in DFUS and 490 in IVV.
Which pays a higher dividend, DFUS or IVV?
DFUS yields 0.84% while IVV yields 1.06%, so IVV currently pays the higher dividend yield.
Is IVV better than DFUS?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. DFUS is less concentrated, with 34.9% 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.