DNL vs IVV
WisdomTree Global ex-US Quality Growth Fund vs iShares Core S&P 500 ETF
Which is better, DNL or IVV?
Large Cap Growth against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. DNL is less concentrated, with 37.7% of the fund in its ten largest positions against 37.9%.
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 | DNL | IVV |
|---|---|---|
| Expense Ratio | 0.42% | 0.03%Best |
| AUM | $503M | $886.7B |
| Dividend Yield | 1.32% | 1.10% |
| Holdings | 202 | 508 |
| YTD Return | +10.20% | +12.70%Best |
| 1Y Return | +17.48% | +19.36%Best |
| 3Y Return (annualized) | +11.35% | +21.16%Best |
| 5Y Return (annualized) | +3.55% | +12.75%Best |
| Volatility (annualized) | 16.4% | 15.3%Best |
| Max Drawdown | -46.9%Best | -56.5% |
| $10,000 over 5 years | $11,906 | $18,221Best |
| Top 10 Weight | 37.7%Best | 37.9% |
| Fund Family | WisdomTree Investments | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | 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 8, 2026 (20.2 years).
DNL 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.
DNL vs IVV Performance
WisdomTree Global ex-US Quality Growth Fund (DNL) 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 DNL returned +17.48% while IVV returned +19.36%. Year to date, DNL is up 10.20% versus a gain of 12.70% for IVV.
Over three years, DNL compounded at +11.35% per year against +21.16% for IVV; over five years the annualized figures are +3.55% and +12.75% respectively. Across the full 20-year window we track, IVV has the edge at +9.79% annualized vs +3.70%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DNL has been the more volatile fund, with annualized monthly volatility of 16.4% compared with 15.3% 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 -46.9% for DNL 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DNL charges 0.42% per year while IVV charges 0.03%. On a $10,000 position that is $42 vs $3 annually, a gap of $39 per year that compounds over a long holding period. On income, DNL currently yields 1.32% against 1.10% for IVV.
Holdings Overlap
0.4% of DNL's money is in holdings IVV also owns. 0.1% of IVV's money is in holdings DNL 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 201 positions we hold weights for in DNL and 504 in IVV, against full books of 202 and 508.
What only one of them owns
Our book lists 493 positions for IVV that do not appear in our book for DNL (99.2% of the fund), and 7 for DNL that do not appear in IVV (3.1%).
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 DNL | Weight in IVV | Difference |
|---|---|---|---|
| UMG:ASUniversal Music Group NV | 0.36% | 0.06% | 0.30% |
You are not choosing between two funds in isolation.
Whichever of DNL and IVV 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, DNL or IVV?
DNL has an expense ratio of 0.42% while IVV charges 0.03%. IVV is the cheaper option, by $39 a year on a $10,000 investment.
Which performed better, DNL or IVV?
Over the past year DNL returned +17.48% vs +19.36% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (20 years), DNL annualized +3.70% vs +9.79% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DNL or IVV?
DNL has been the more volatile fund at 16.4% annualized versus 15.3% for IVV. Worst drawdown: DNL -46.9% vs IVV -56.5%.
Should I hold both DNL and IVV?
DNL and IVV have a monthly-return correlation of 0.81, 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, DNL or IVV?
DNL yields 1.32% while IVV yields 1.10%, so DNL currently pays the higher dividend yield.
Is IVV better than DNL?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. DNL is less concentrated, with 37.7% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.