DGLO vs SPY
First Trust RBA Deglobalization ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, DGLO or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y and the full window. DGLO is less concentrated, with 21.9% 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 | DGLO | SPY |
|---|---|---|
| Expense Ratio | 0.70% | 0.09%Best |
| AUM | $4M | $804.7B |
| Dividend Yield | 0.58% | 0.98% |
| Holdings | 228 | 505 |
| YTD Return | +10.22% | +12.99%Best |
| 1Y Return | +12.11% | +16.73%Best |
| 3Y Return (annualized) | - | +22.52% |
| 5Y Return (annualized) | - | +13.07% |
| Volatility (annualized) | 12.1%Best | 12.8% |
| Max Drawdown | -8.8%Best | -8.9% |
| $10,000 over 1.1 years | $11,512 | $12,216Best |
| Top 10 Weight | 21.9%Best | 37.8% |
| Fund Family | First Trust Portfolios (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 6, 2025 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Aug 7, 2025 to Sep 23, 2026 (1.1 years).
DGLO 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 1.1 years both funds cover.
DGLO vs SPY Performance
First Trust RBA Deglobalization ETF (DGLO) is an ETF from First Trust Portfolios (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year DGLO returned +12.11% while SPY returned +16.73%. Year to date, DGLO is up 10.22% versus a gain of 12.99% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 12.1% for DGLO. 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 -8.8% for DGLO and -8.9% 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 0.32. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DGLO charges 0.70% per year while SPY charges 0.09%. On a $10,000 position that is $70 vs $9 annually, a gap of $61 per year that compounds over a long holding period. On income, DGLO currently yields 0.58% against 0.98% for SPY.
Holdings Overlap
34.3% of DGLO's money is in holdings SPY also owns. 2.7% of SPY's money is in holdings DGLO also owns.
The two portfolios partly overlap.
28 positions in common, counted across the 113 positions we hold weights for in DGLO and 504 in SPY, against full books of 228 and 505.
What only one of them owns
Our book lists 469 positions for SPY that do not appear in our book for DGLO (96.7% of the fund), and 84 for DGLO that do not appear in SPY (63.0%).
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 DGLO | Weight in SPY | Difference |
|---|---|---|---|
| GDGeneral Dynamics Corp. | 3.00% | 0.14% | 2.86% |
| CSXCsx Corp. | 2.35% | 0.14% | 2.21% |
| EOGEog Resources Inc | 2.25% | 0.12% | 2.13% |
| COPConocophillips Common Stock USD 0.01 | 2.11% | 0.25% | 1.86% |
| PKGPackaging Corp. Of America | 2.20% | 0.03% | 2.17% |
| GEGeneral Electric Co. | 1.44% | 0.53% | 0.91% |
| LMTLockheed Martin Corp | 1.36% | 0.17% | 1.19% |
| PSXPhillips 66 | 1.38% | 0.15% | 1.23% |
| MPCMarathon Petroleum Corp | 1.34% | 0.17% | 1.17% |
| NOCNorthrop Grumman Corp. | 1.39% | 0.11% | 1.28% |
34.3% of DGLO is already inside SPY.
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, DGLO or SPY?
DGLO has an expense ratio of 0.70% while SPY charges 0.09%. SPY is the cheaper option, by $61 a year on a $10,000 investment.
Which performed better, DGLO or SPY?
Over the past year DGLO returned +12.11% vs +16.73% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), DGLO annualized +13.66% vs +19.96% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DGLO or SPY?
SPY has been the more volatile fund at 12.8% annualized versus 12.1% for DGLO. Worst drawdown: DGLO -8.8% vs SPY -8.9%.
Should I hold both DGLO and SPY?
DGLO and SPY have a monthly-return correlation of 0.32, 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 DGLO and SPY?
34.3% of DGLO's money is in holdings SPY also owns. 2.7% of SPY's is in holdings DGLO also owns. They hold 28 positions in common, counted across the 113 positions we hold weights for in DGLO and 504 in SPY.
Which pays a higher dividend, DGLO or SPY?
DGLO yields 0.58% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than DGLO?
SPY has a lower expense ratio. SPY led over 1Y and the full window. DGLO is less concentrated, with 21.9% 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.