DFVE vs SPY
DoubleLine Fortune 500 Equal Weight ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. DFVE delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | DFVE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.09% | |
| AUM | $35M | $789.1B | |
| Dividend Yield | 1.34% | 1.01% | |
| Holdings | 449 | 505 | |
| YTD Return | +16.81% | +13.39% | |
| 1Y Return | +27.33% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 12.7% | 15.3% | |
| Max Drawdown | -19.4% | -56.5% | |
| Fund Family | DoubleLine Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jan 31, 2024 | Jan 22, 1993 |
DFVE vs SPY Performance
DoubleLine Fortune 500 Equal Weight ETF (DFVE) is a ETF from DoubleLine Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DFVE returned +27.33% while SPY returned +22.52%. Year to date, DFVE is up 16.81% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 SPY. 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 SPY charges 0.09%. On a $10,000 position that is $20 vs $9 annually, a gap of $11 per year that compounds over a long holding period. On income, DFVE currently yields 1.34% against 1.01% for SPY.
Holdings Overlap
DFVE and SPY share 320 holdings out of 629 unique holdings combined, representing a 36.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DFVE or SPY?
DFVE has an expense ratio of 0.20% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, DFVE or SPY?
Over the past year DFVE returned +27.33% vs +22.52% for SPY, so DFVE leads on 1-year performance. Over the longest common window we track (3 years), DFVE annualized +18.46% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, DFVE or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.7% for DFVE. Worst drawdown: DFVE -19.4% vs SPY -56.5%.
Should I hold both DFVE and SPY?
DFVE and SPY 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 SPY?
DFVE and SPY share 320 common holdings with a 36.0% weight overlap. Combined, they hold 629 unique securities.
Which pays a higher dividend, DFVE or SPY?
DFVE yields 1.34% while SPY yields 1.01%, so DFVE currently pays the higher dividend yield.
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