DISV vs SPY
Dimensional International Small Cap Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, DISV or SPY?
Small Cap Value against Large Cap Blend.
SPY has a lower expense ratio. DISV led over 1Y, 3Y and the full window. DISV is less concentrated, with 7.0% 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 | DISV | SPY |
|---|---|---|
| Expense Ratio | 0.42% | 0.09%Best |
| AUM | $5.3B | $804.7B |
| Dividend Yield | 2.31% | 0.98% |
| Holdings | 1,628 | 505 |
| YTD Return | +15.28%Best | +13.81% |
| 1Y Return | +25.19%Best | +16.94% |
| 3Y Return (annualized) | +25.19%Best | +22.84% |
| 5Y Return (annualized) | - | +13.50% |
| Volatility (annualized) | 17.6% | 15.7%Best |
| Max Drawdown | -26.8% | -22.1%Best |
| $10,000 over 4.5 years | $19,592Best | $18,190 |
| Top 10 Weight | 7.0%Best | 37.8% |
| Fund Family | Dimensional | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Mar 23, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Mar 24, 2022 to Sep 22, 2026 (4.5 years).
DISV 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 4.5 years both funds cover.
DISV vs SPY Performance
Dimensional International Small Cap Value ETF (DISV) is an ETF from Dimensional and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year DISV returned +25.19% while SPY returned +16.94%. Year to date, DISV is up 15.28% versus a gain of 13.81% for SPY.
Over three years, DISV compounded at +25.19% per year against +22.84% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DISV has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 15.7% for SPY. 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 -26.8% for DISV and -22.1% 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 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DISV charges 0.42% per year while SPY charges 0.09%. On a $10,000 position that is $42 vs $9 annually, a gap of $33 per year that compounds over a long holding period. On income, DISV currently yields 2.31% against 0.98% for SPY.
Holdings Overlap
0.1% of DISV's money is in holdings SPY also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 1,597 positions we hold weights for in DISV and 504 in SPY, against full books of 1,628 and 505.
What only one of them owns
Our book lists 496 positions for SPY that do not appear in our book for DISV (99.3% of the fund), and 11 for DISV that do not appear in SPY (1.2%).
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 DISV | Weight in SPY | Difference |
|---|---|---|---|
| IPInternational Paper Co. | 0.15% | 0.03% | 0.12% |
You are not choosing between two funds in isolation.
Whichever of DISV and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DISV or SPY?
DISV has an expense ratio of 0.42% while SPY charges 0.09%. SPY is the cheaper option, by $33 a year on a $10,000 investment.
Which performed better, DISV or SPY?
Over the past year DISV returned +25.19% vs +16.94% for SPY, so DISV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DISV or SPY?
DISV has been the more volatile fund at 17.6% annualized versus 15.7% for SPY. Worst drawdown: DISV -26.8% vs SPY -22.1%.
Should I hold both DISV and SPY?
DISV and SPY have a monthly-return correlation of 0.68, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DISV or SPY?
DISV yields 2.31% while SPY yields 0.98%, so DISV currently pays the higher dividend yield.
Is SPY better than DISV?
SPY has a lower expense ratio. DISV led over 1Y, 3Y and the full window. DISV is less concentrated, with 7.0% 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.