DIEM vs IVV
Franklin Emerging Market Core Dividend Tilt Index ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. DIEM delivered stronger 1-year returns. DIEM offers more diversification with 604 holdings.
Side-by-Side Comparison
| Metric | DIEM | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.03% | |
| AUM | $93M | $907.0B | |
| Dividend Yield | 2.96% | 1.10% | |
| Holdings | 604 | 508 | |
| YTD Return | +26.14% | +12.71% | |
| 1Y Return | +42.44% | +21.89% | |
| 3Y Return (annualized) | +27.50% | +22.08% | |
| 5Y Return (annualized) | +12.24% | +12.96% | |
| Volatility (annualized) | 15.7% | 15.1% | |
| Max Drawdown | -44.4% | -56.5% | |
| Fund Family | Franklin Templeton Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jun 1, 2016 | May 15, 2000 |
DIEM vs IVV Performance
Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) is a ETF from Franklin Templeton Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DIEM returned +42.44% while IVV returned +21.89%. Year to date, DIEM is up 26.14% versus a gain of 12.71% for IVV.
Over three years, DIEM compounded at +27.50% per year against +22.08% for IVV; over five years the annualized figures are +12.24% and +12.96% respectively. Across the full 10-year window we track, DIEM has the edge at +7.37% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DIEM has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 15.1% for IVV. 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 -44.4% for DIEM 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DIEM 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, DIEM currently yields 2.96% against 1.10% for IVV.
Holdings Overlap
DIEM and IVV share 0 holdings out of 1012 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, DIEM or IVV?
DIEM has an expense ratio of 0.19% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, DIEM or IVV?
Over the past year DIEM returned +42.44% vs +21.89% for IVV, so DIEM leads on 1-year performance. Over the longest common window we track (10 years), DIEM annualized +7.37% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, DIEM or IVV?
DIEM has been the more volatile fund at 15.7% annualized versus 15.1% for IVV. Worst drawdown: DIEM -44.4% vs IVV -56.5%.
Should I hold both DIEM and IVV?
DIEM and IVV have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DIEM and IVV?
DIEM and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1012 unique securities.
Which pays a higher dividend, DIEM or IVV?
DIEM yields 2.96% while IVV yields 1.10%, so DIEM currently pays the higher dividend yield.
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