DMMKI vs SPY
BlackRock Government Money Market V. I. Fund Class I vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DMMKI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.09% | |
| AUM | $211M | $821.1B | |
| Dividend Yield | 0.84% | 1.01% | |
| Holdings | 143 | 505 | |
| YTD Return | - | +12.22% | |
| 1Y Return | - | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | - | -56.5% | |
| Fund Family | BlackRock, Inc. (US) | State Street Investment Management | |
| Category | Money Market | Equity | |
| Inception | Feb 20, 1992 | Jan 22, 1993 |
DMMKI vs SPY Performance
BlackRock Government Money Market V. I. Fund Class I (DMMKI) is a ETF from BlackRock, Inc. (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management.
Fees and Cost Over Time
DMMKI charges 0.30% per year while SPY charges 0.09%. On a $10,000 position that is $30 vs $9 annually, a gap of $21 per year that compounds over a long holding period. On income, DMMKI currently yields 0.84% against 1.01% for SPY.
Holdings Overlap
DMMKI and SPY share 0 holdings out of 525 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, DMMKI or SPY?
DMMKI has an expense ratio of 0.30% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
What is the holdings overlap between DMMKI and SPY?
DMMKI and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 525 unique securities.
Which pays a higher dividend, DMMKI or SPY?
DMMKI yields 0.84% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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