DNP vs IVV
DNP Select Income Fund Inc. 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 | DNP | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.77% | 0.03% | |
| AUM | $3.7B | $907.0B | |
| Dividend Yield | 8.00% | 1.10% | |
| Holdings | 131 | 508 | |
| YTD Return | +14.68% | +12.96% | |
| 1Y Return | +19.77% | +20.70% | |
| 3Y Return (annualized) | +11.67% | +22.10% | |
| 5Y Return (annualized) | +8.37% | +13.40% | |
| Volatility (annualized) | 14.7% | 15.1% | |
| Max Drawdown | -54.8% | -56.5% | |
| Fund Family | Duff & Phelps Investment Management Co. | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jan 21, 1987 | May 15, 2000 |
DNP vs IVV Performance
DNP Select Income Fund Inc. (DNP) is a ETF from Duff & Phelps Investment Management Co. and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DNP returned +19.77% while IVV returned +20.70%. Year to date, DNP is up 14.68% versus a gain of 12.96% for IVV.
Over three years, DNP compounded at +11.67% per year against +22.10% for IVV; over five years the annualized figures are +8.37% and +13.40% respectively. Across the full 26-year window we track, IVV has the edge at +7.01% annualized vs +2.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.7% for DNP. 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 -54.8% for DNP 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 0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DNP charges 1.77% per year while IVV charges 0.03%. On a $10,000 position that is $177 vs $3 annually, a gap of $174 per year that compounds over a long holding period. On income, DNP currently yields 8.00% against 1.10% for IVV.
Holdings Overlap
DNP and IVV share 33 holdings out of 594 unique holdings combined, representing a 3.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DNP or IVV?
DNP has an expense ratio of 1.77% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $174 per year of difference.
Which performed better, DNP or IVV?
Over the past year DNP returned +19.77% vs +20.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (26 years), DNP annualized +2.03% vs +7.01% for IVV. Past performance does not guarantee future results.
Which is riskier, DNP or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 14.7% for DNP. Worst drawdown: DNP -54.8% vs IVV -56.5%.
Should I hold both DNP and IVV?
DNP and IVV have a monthly-return correlation of 0.37, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DNP and IVV?
DNP and IVV share 33 common holdings with a 3.0% weight overlap. Combined, they hold 594 unique securities.
Which pays a higher dividend, DNP or IVV?
DNP yields 8.00% while IVV yields 1.10%, so DNP currently pays the higher dividend yield.
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