DFVE vs IVV
DoubleLine Fortune 500 Equal Weight ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. DFVE delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DFVE | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $35M | $865.2B | |
| Dividend Yield | 1.34% | 1.09% | |
| Holdings | 449 | 508 | |
| YTD Return | +16.71% | +13.80% | |
| 1Y Return | +27.21% | +23.01% | |
| 3Y Return (annualized) | - | +21.77% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 12.7% | 15.1% | |
| Max Drawdown | -19.4% | -56.5% | |
| Fund Family | DoubleLine Funds | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jan 31, 2024 | May 15, 2000 |
DFVE vs IVV Performance
DoubleLine Fortune 500 Equal Weight ETF (DFVE) is a ETF from DoubleLine Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DFVE returned +27.21% while IVV returned +23.01%. Year to date, DFVE is up 16.71% versus a gain of 13.80% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.7% for DFVE. 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 -19.4% for DFVE 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFVE charges 0.20% per year while IVV charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, DFVE currently yields 1.34% against 1.09% for IVV.
Holdings Overlap
DFVE and IVV share 323 holdings out of 628 unique holdings combined, representing a 36.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DFVE or IVV?
DFVE has an expense ratio of 0.20% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, DFVE or IVV?
Over the past year DFVE returned +27.21% vs +23.01% for IVV, so DFVE leads on 1-year performance. Over the longest common window we track (3 years), DFVE annualized +18.44% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, DFVE or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.7% for DFVE. Worst drawdown: DFVE -19.4% vs IVV -56.5%.
Should I hold both DFVE and IVV?
DFVE and IVV have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DFVE and IVV?
DFVE and IVV share 323 common holdings with a 36.4% weight overlap. Combined, they hold 628 unique securities.
Which pays a higher dividend, DFVE or IVV?
DFVE yields 1.34% while IVV yields 1.09%, so DFVE currently pays the higher dividend yield.
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