DFVX vs IVV
Dimensional US Large Cap Vector ETF vs iShares Core S&P 500 ETF
Which is better, DFVX or IVV?
Each has led over a different period.
IVV has a lower expense ratio. DFVX led over 1Y, IVV over the full window. The two have moved almost in lockstep, correlation 0.91. DFVX is less concentrated, with 32.5% of the fund in its ten largest positions against 37.9%.
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 | DFVX | IVV |
|---|---|---|
| Expense Ratio | 0.19% | 0.03%Best |
| AUM | $543M | $876.4B |
| Dividend Yield | 1.14% | 1.06% |
| Holdings | 319 | 508 |
| YTD Return | +14.26%Best | +12.51% |
| 1Y Return | +17.77%Best | +17.57% |
| 3Y Return (annualized) | - | +21.27% |
| 5Y Return (annualized) | - | +12.95% |
| Volatility (annualized) | 11.3%Best | 11.8% |
| Max Drawdown | -16.7%Best | -18.8% |
| $10,000 over 2.9 years | $17,256 | $18,556Best |
| Top 10 Weight | 32.5%Best | 37.9% |
| Fund Family | Dimensional | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 2, 2023 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 2, 2023 to Sep 11, 2026 (2.9 years).
DFVX 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 2.9 years both funds cover.
DFVX vs IVV Performance
Dimensional US Large Cap Vector ETF (DFVX) 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 DFVX returned +17.77% while IVV returned +17.57%. Year to date, DFVX is up 14.26% versus a gain of 12.51% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 11.8% compared with 11.3% for DFVX. 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 -16.7% for DFVX and -18.8% 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DFVX charges 0.19% per year while IVV charges 0.03%. On a $10,000 position that is $19 vs $3 annually, a gap of $16 per year that compounds over a long holding period. On income, DFVX currently yields 1.14% against 1.06% for IVV.
Holdings Overlap
95.9% of DFVX's money is in holdings IVV also owns. 75.3% of IVV's money is in holdings DFVX also owns.
Most of DFVX is already inside IVV. Owning both mostly buys the same companies twice.
266 positions in common, counted across the 319 positions we hold weights for in DFVX and 505 in IVV, against full books of 319 and 508.
What only one of them owns
Our book lists 229 positions for IVV that do not appear in our book for DFVX (24.1% of the fund), and 36 for DFVX that do not appear in IVV (3.1%).
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 DFVX | Weight in IVV | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.89% | 5.44% | 0.45% |
| AMZNAmazon.Com Inc | 5.40% | 4.01% | 1.39% |
| NVDANvidia Corp. | 0.91% | 7.98% | 7.07% |
| AAPLApple, Inc | 0.04% | 6.86% | 6.82% |
| GOOGLAlphabet A Usd 0.001 | 3.08% | 3.19% | 0.11% |
| METAMeta Platforms, Inc. | 4.30% | 1.94% | 2.36% |
| GOOGAlphabet Inc | 3.11% | 2.56% | 0.55% |
| JPMJpmorgan Chase & Co. | 2.87% | 1.45% | 1.42% |
| MUMicron Technology Inc Mu Uw Equity Us Usd | 2.21% | 1.51% | 0.70% |
| AVGOBroadcom Inc | 0.07% | 2.98% | 2.91% |
95.9% of DFVX is already inside IVV.
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, DFVX or IVV?
DFVX has an expense ratio of 0.19% while IVV charges 0.03%. IVV is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, DFVX or IVV?
Over the past year DFVX returned +17.77% vs +17.57% for IVV, so DFVX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFVX or IVV?
IVV has been the more volatile fund at 11.8% annualized versus 11.3% for DFVX. Worst drawdown: DFVX -16.7% vs IVV -18.8%.
Should I hold both DFVX and IVV?
DFVX and IVV have a monthly-return correlation of 0.91, 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 DFVX and IVV?
95.9% of DFVX's money is in holdings IVV also owns. 75.3% of IVV's is in holdings DFVX also owns. They hold 266 positions in common, counted across the 319 positions we hold weights for in DFVX and 505 in IVV.
Which pays a higher dividend, DFVX or IVV?
DFVX yields 1.14% while IVV yields 1.06%, so DFVX currently pays the higher dividend yield.
Is IVV better than DFVX?
IVV has a lower expense ratio. DFVX led over 1Y, IVV over the full window. The two have moved almost in lockstep, correlation 0.91. DFVX is less concentrated, with 32.5% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.