DMXF vs SPY
iShares ESG Advanced MSCI EAFE ETF 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 | DMXF | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.09% | |
| AUM | $972M | $821.1B | |
| Dividend Yield | 4.18% | 1.01% | |
| Holdings | 422 | 505 | |
| YTD Return | +14.58% | +12.22% | |
| 1Y Return | +19.73% | +20.83% | |
| 3Y Return (annualized) | +19.27% | +21.70% | |
| 5Y Return (annualized) | +8.41% | +12.98% | |
| Volatility (annualized) | 16.0% | 15.3% | |
| Max Drawdown | -34.5% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 16, 2020 | Jan 22, 1993 |
DMXF vs SPY Performance
iShares ESG Advanced MSCI EAFE ETF (DMXF) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DMXF returned +19.73% while SPY returned +20.83%. Year to date, DMXF is up 14.58% versus a gain of 12.22% for SPY.
Over three years, DMXF compounded at +19.27% per year against +21.70% for SPY; over five years the annualized figures are +8.41% and +12.98% respectively. Across the full 6-year window we track, DMXF has the edge at +12.20% annualized vs +8.79%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DMXF has been the more volatile fund, with annualized monthly volatility of 16.0% compared with 15.3% 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 -34.5% for DMXF and -56.5% for SPY. 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DMXF charges 0.12% per year while SPY charges 0.09%. On a $10,000 position that is $12 vs $9 annually, a gap of $3 per year that compounds over a long holding period. On income, DMXF currently yields 4.18% against 1.01% for SPY.
Holdings Overlap
DMXF and SPY share 1 holdings out of 906 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DMXF | Weight in SPY | Difference |
|---|---|---|---|
| MRK | 0.19% | 0.47% | 0.28% |
Frequently Asked Questions
Which is cheaper, DMXF or SPY?
DMXF has an expense ratio of 0.12% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, DMXF or SPY?
Over the past year DMXF returned +19.73% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), DMXF annualized +12.20% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, DMXF or SPY?
DMXF has been the more volatile fund at 16.0% annualized versus 15.3% for SPY. Worst drawdown: DMXF -34.5% vs SPY -56.5%.
Should I hold both DMXF and SPY?
DMXF and SPY have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DMXF and SPY?
DMXF and SPY share 1 common holdings with a 0.2% weight overlap. Combined, they hold 906 unique securities.
Which pays a higher dividend, DMXF or SPY?
DMXF yields 4.18% while SPY yields 1.01%, so DMXF currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.