DHLX vs SPY
Diamond Hill Large Cap Concentrated ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | DHLX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.09% | |
| AUM | $71M | $789.1B | |
| Dividend Yield | 0.68% | 1.01% | |
| Holdings | 21 | 505 | |
| YTD Return | +5.59% | +13.68% | |
| 1Y Return | - | +21.53% | |
| 3Y Return (annualized) | - | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -8.4% | -56.5% | |
| Fund Family | Diamond Hill Capital Management Inc. | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 26, 2021 | Jan 22, 1993 |
DHLX vs SPY Performance
Diamond Hill Large Cap Concentrated ETF (DHLX) is a ETF from Diamond Hill Capital Management Inc. and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, DHLX is up 5.59% versus a gain of 13.68% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -8.4% for DHLX and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
DHLX charges 0.55% per year while SPY charges 0.09%. On a $10,000 position that is $55 vs $9 annually, a gap of $46 per year that compounds over a long holding period. On income, DHLX currently yields 0.68% against 1.01% for SPY.
Holdings Overlap
DHLX and SPY share 17 holdings out of 507 unique holdings combined, representing a 11.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DHLX or SPY?
DHLX has an expense ratio of 0.55% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
What is the holdings overlap between DHLX and SPY?
DHLX and SPY share 17 common holdings with a 11.6% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, DHLX or SPY?
DHLX yields 0.68% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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