DFVE vs SPY
DoubleLine Fortune 500 Equal Weight ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, DFVE or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y and the full window. DFVE is less concentrated, with 2.3% 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 | DFVE | SPY |
|---|---|---|
| Expense Ratio | 0.20% | 0.09%Best |
| AUM | $37M | $804.7B |
| Dividend Yield | 1.34% | 0.98% |
| Holdings | 469 | 505 |
| YTD Return | +12.20%Best | +12.09% |
| 1Y Return | +15.67% | +16.29%Best |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 12.7% | 12.0%Best |
| Max Drawdown | -19.4% | -18.8%Best |
| $10,000 over 2.6 years | $14,670 | $15,957Best |
| Top 10 Weight | 2.3%Best | 37.8% |
| Fund Family | DoubleLine Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 31, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Feb 1, 2024 to Sep 18, 2026 (2.6 years).
DFVE vs SPY 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 2.6 years both funds cover.
DFVE vs SPY Performance
DoubleLine Fortune 500 Equal Weight ETF (DFVE) is an ETF from DoubleLine Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year DFVE returned +15.67% while SPY returned +16.29%. Year to date, DFVE is up 12.20% versus a gain of 12.09% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFVE has been the more volatile fund, with annualized monthly volatility of 12.7% compared with 12.0% for SPY. 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 -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 0.98% for SPY.
Holdings Overlap
73.0% of DFVE's money is in holdings SPY also owns. 87.5% of SPY's money is in holdings DFVE also owns.
Most of SPY is already inside DFVE. Owning both mostly buys the same companies twice.
338 positions in common, counted across the 469 positions we hold weights for in DFVE and 504 in SPY, against full books of 469 and 505.
What only one of them owns
Our book lists 159 positions for SPY that do not appear in our book for DFVE (11.8% of the fund), and 126 for DFVE that do not appear in SPY (26.8%).
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 DFVE | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 0.22% | 8.01% | 7.79% |
| AAPLApple, Inc | 0.22% | 7.26% | 7.04% |
| MSFTMicrosoft Corp | 0.22% | 5.66% | 5.44% |
| AMZNAmazon.Com Inc | 0.21% | 3.79% | 3.58% |
| GOOGLAlphabet Inc,class A | 0.21% | 2.99% | 2.78% |
| AVGOBroadcom Inc | 0.22% | 2.66% | 2.44% |
| METAMeta Platforms Inc | 0.22% | 1.93% | 1.71% |
| MUMicron Technology, Inc. | 0.22% | 1.60% | 1.38% |
| TSLATesla Inc | 0.23% | 1.52% | 1.29% |
| JPMJpmorgan Chase | 0.22% | 1.45% | 1.23% |
87.5% of SPY is already inside DFVE.
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, DFVE or SPY?
DFVE has an expense ratio of 0.20% while SPY charges 0.09%. SPY is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, DFVE or SPY?
Over the past year DFVE returned +15.67% vs +16.29% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFVE or SPY?
DFVE has been the more volatile fund at 12.7% annualized versus 12.0% for SPY. Worst drawdown: DFVE -19.4% vs SPY -18.8%.
Should I hold both DFVE and SPY?
DFVE and SPY have a monthly-return correlation of 0.75, 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 DFVE and SPY?
87.5% of SPY's money is in holdings DFVE also owns. 87.5% of SPY's is in holdings DFVE also owns. They hold 338 positions in common, counted across the 469 positions we hold weights for in DFVE and 504 in SPY.
Which pays a higher dividend, DFVE or SPY?
DFVE yields 1.34% while SPY yields 0.98%, so DFVE currently pays the higher dividend yield.
Is SPY better than DFVE?
SPY has a lower expense ratio. SPY led over 1Y and the full window. DFVE is less concentrated, with 2.3% 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.