DNL vs IVV
WisdomTree Global ex-US Quality Growth 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 508 holdings.
Side-by-Side Comparison
| Metric | DNL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.42% | 0.03% | |
| AUM | $505M | $907.0B | |
| Dividend Yield | 1.32% | 1.10% | |
| Holdings | 202 | 508 | |
| YTD Return | +11.75% | +13.22% | |
| 1Y Return | +20.19% | +21.62% | |
| 3Y Return (annualized) | +12.15% | +22.17% | |
| 5Y Return (annualized) | +4.62% | +13.42% | |
| Volatility (annualized) | 16.4% | 15.1% | |
| Max Drawdown | -46.9% | -56.5% | |
| Fund Family | WisdomTree Investments | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jun 16, 2006 | May 15, 2000 |
DNL vs IVV Performance
WisdomTree Global ex-US Quality Growth Fund (DNL) is a ETF from WisdomTree Investments and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DNL returned +20.19% while IVV returned +21.62%. Year to date, DNL is up 11.75% versus a gain of 13.22% for IVV.
Over three years, DNL compounded at +12.15% per year against +22.17% for IVV; over five years the annualized figures are +4.62% and +13.42% respectively. Across the full 20-year window we track, IVV has the edge at +7.02% annualized vs +3.78%. 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 15.1% 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 -46.9% for DNL 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 0.81. 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
DNL and IVV share 0 holdings out of 707 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, DNL or IVV?
DNL has an expense ratio of 0.42% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $39 per year of difference.
Which performed better, DNL or IVV?
Over the past year DNL returned +20.19% vs +21.62% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (20 years), DNL annualized +3.78% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, DNL or IVV?
DNL has been the more volatile fund at 16.4% annualized versus 15.1% 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 combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DNL and IVV?
DNL and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 707 unique securities.
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.
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