DMA vs IVV
Destra Multi-Alternative Fund vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DMA | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 3.69% | 0.03% | |
| AUM | $80M | $865.2B | |
| Dividend Yield | 13.39% | 1.09% | |
| Holdings | 181 | 508 | |
| YTD Return | -5.96% | +13.72% | |
| 1Y Return | +2.78% | +21.64% | |
| 3Y Return (annualized) | +23.75% | +21.55% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 21.4% | 15.1% | |
| Max Drawdown | -38.9% | -56.5% | |
| Fund Family | Destra Capital Investment LLC | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 13, 2022 | May 15, 2000 |
DMA vs IVV Performance
Destra Multi-Alternative Fund (DMA) is a ETF from Destra Capital Investment LLC and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DMA returned +2.78% while IVV returned +21.64%. Year to date, DMA is down 5.96% versus a gain of 13.72% for IVV.
Over three years, DMA compounded at +23.75% per year against +21.55% for IVV. Across the full 5-year window we track, IVV has the edge at +7.04% annualized vs +5.15%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DMA has been the more volatile fund, with annualized monthly volatility of 21.4% 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 -38.9% for DMA 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 0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DMA charges 3.69% per year while IVV charges 0.03%. On a $10,000 position that is $369 vs $3 annually, a gap of $366 per year that compounds over a long holding period. On income, DMA currently yields 13.39% against 1.09% for IVV.
Holdings Overlap
DMA and IVV share 39 holdings out of 529 unique holdings combined, representing a 7.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DMA or IVV?
DMA has an expense ratio of 3.69% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $366 per year of difference.
Which performed better, DMA or IVV?
Over the past year DMA returned +2.78% vs +21.64% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), DMA annualized +5.15% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, DMA or IVV?
DMA has been the more volatile fund at 21.4% annualized versus 15.1% for IVV. Worst drawdown: DMA -38.9% vs IVV -56.5%.
Should I hold both DMA and IVV?
DMA and IVV have a monthly-return correlation of 0.27, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DMA and IVV?
DMA and IVV share 39 common holdings with a 7.2% weight overlap. Combined, they hold 529 unique securities.
Which pays a higher dividend, DMA or IVV?
DMA yields 13.39% while IVV yields 1.09%, so DMA currently pays the higher dividend yield.
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