DGCB vs IVV
Dimensional Global Credit ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. DGCB offers more diversification with 718 holdings.
Side-by-Side Comparison
| Metric | DGCB | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $1.1B | $865.2B | |
| Dividend Yield | 3.98% | 1.09% | |
| Holdings | 1,147 | 508 | |
| YTD Return | +0.99% | +13.43% | |
| 1Y Return | +3.08% | +22.61% | |
| 3Y Return (annualized) | - | +21.47% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 4.4% | 15.1% | |
| Max Drawdown | -3.1% | -56.5% | |
| Fund Family | Dimensional | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 7, 2023 | May 15, 2000 |
DGCB vs IVV Performance
Dimensional Global Credit ETF (DGCB) is a ETF from Dimensional and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DGCB returned +3.08% while IVV returned +22.61%. Year to date, DGCB is up 0.99% versus a gain of 13.43% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 4.4% for DGCB. 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 -3.1% for DGCB 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DGCB 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, DGCB currently yields 3.98% against 1.09% for IVV.
Holdings Overlap
DGCB and IVV share 0 holdings out of 1223 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DGCB or IVV?
DGCB 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, DGCB or IVV?
Over the past year DGCB returned +3.08% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), DGCB annualized +7.60% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, DGCB or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 4.4% for DGCB. Worst drawdown: DGCB -3.1% vs IVV -56.5%.
Should I hold both DGCB and IVV?
DGCB and IVV have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DGCB and IVV?
DGCB and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1223 unique securities.
Which pays a higher dividend, DGCB or IVV?
DGCB yields 3.98% while IVV yields 1.09%, so DGCB currently pays the higher dividend yield.
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