DLN vs IVV
WisdomTree US LargeCap Dividend Fund vs iShares Core S&P 500 ETF
Which is better, DLN or IVV?
Large Cap Value against Large Cap Blend.
IVV has a lower expense ratio. DLN led over 1Y and the full window, IVV over 3Y and 5Y. The two have moved almost in lockstep, correlation 0.95. DLN is less concentrated, with 25.3% 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 | DLN | IVV |
|---|---|---|
| Expense Ratio | 0.28% | 0.03%Best |
| AUM | $6.3B | $876.4B |
| Dividend Yield | 1.74% | 1.06% |
| Holdings | 312 | 508 |
| YTD Return | +13.38%Best | +11.51% |
| 1Y Return | +17.59%Best | +15.96% |
| 3Y Return (annualized) | +18.28% | +21.01%Best |
| 5Y Return (annualized) | +12.34% | +12.66%Best |
| Volatility (annualized) | 14.2%Best | 15.3% |
| Max Drawdown | -57.8% | -56.5%Best |
| $10,000 over 5 years | $17,893 | $18,149Best |
| Top 10 Weight | 25.3%Best | 37.8% |
| Fund Family | WisdomTree Investments | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jun 16, 2006 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Jun 16, 2006 to Sep 15, 2026 (20.2 years).
DLN vs IVV 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 20.2 years both funds cover.
DLN vs IVV Performance
WisdomTree US LargeCap Dividend Fund (DLN) is an ETF from WisdomTree Investments and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year DLN returned +17.59% while IVV returned +15.96%. Year to date, DLN is up 13.38% versus a gain of 11.51% for IVV.
Over three years, DLN compounded at +18.28% per year against +21.01% for IVV; over five years the annualized figures are +12.34% and +12.66% respectively. Across the full 20-year window we track, DLN has the edge at +9.82% annualized vs +9.72%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.2% for DLN. 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 -57.8% for DLN and -56.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DLN charges 0.28% per year while IVV charges 0.03%. On a $10,000 position that is $28 vs $3 annually, a gap of $25 per year that compounds over a long holding period. On income, DLN currently yields 1.74% against 1.06% for IVV.
Holdings Overlap
97.8% of DLN's money is in holdings IVV also owns. 76.0% of IVV's money is in holdings DLN also owns.
Most of DLN is already inside IVV. Owning both mostly buys the same companies twice.
278 positions in common, counted across the 308 positions we hold weights for in DLN and 490 in IVV, against full books of 312 and 508.
What only one of them owns
Our book lists 204 positions for IVV that do not appear in our book for DLN (22.6% of the fund), and 27 for DLN that do not appear in IVV (1.9%).
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 DLN | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.72% | 8.07% | 4.35% |
| MSFTMicrosoft Corp | 4.78% | 5.69% | 0.91% |
| AAPLApple, Inc | 2.22% | 7.02% | 4.80% |
| AVGOBroadcom Inc | 2.33% | 2.65% | 0.32% |
| JPMJpmorgan Chase | 3.03% | 1.44% | 1.59% |
| GOOGLAlphabet Inc,class A | 1.39% | 3.00% | 1.61% |
| METAMeta Platforms Inc | 1.81% | 1.90% | 0.09% |
| GOOGAlphabet Inc | 1.27% | 2.39% | 1.12% |
| XOMExxon Mobil Corp. | 2.06% | 1.01% | 1.05% |
| JNJJohnson & Johnson - Common | 2.00% | 0.97% | 1.03% |
97.8% of DLN is already inside IVV.
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, DLN or IVV?
DLN has an expense ratio of 0.28% while IVV charges 0.03%. IVV is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, DLN or IVV?
Over the past year DLN returned +17.59% vs +15.96% for IVV, so DLN leads on 1-year performance. Over the longest common window we track (20 years), DLN annualized +9.82% vs +9.72% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DLN or IVV?
IVV has been the more volatile fund at 15.3% annualized versus 14.2% for DLN. Worst drawdown: DLN -57.8% vs IVV -56.5%.
Should I hold both DLN and IVV?
DLN and IVV have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DLN and IVV?
97.8% of DLN's money is in holdings IVV also owns. 76.0% of IVV's is in holdings DLN also owns. They hold 278 positions in common, counted across the 308 positions we hold weights for in DLN and 490 in IVV.
Which pays a higher dividend, DLN or IVV?
DLN yields 1.74% while IVV yields 1.06%, so DLN currently pays the higher dividend yield.
Is IVV better than DLN?
IVV has a lower expense ratio. DLN led over 1Y and the full window, IVV over 3Y and 5Y. The two have moved almost in lockstep, correlation 0.95. DLN is less concentrated, with 25.3% 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.