DPG vs IVV
Duff & Phelps Utility and Infrastructure 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 505 holdings.
Side-by-Side Comparison
| Metric | DPG | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 2.26% | 0.03% | |
| AUM | $595M | $865.2B | |
| Dividend Yield | 5.15% | 1.09% | |
| Holdings | 56 | 508 | |
| YTD Return | +16.48% | +13.80% | |
| 1Y Return | +20.90% | +23.70% | |
| 3Y Return (annualized) | +23.46% | +21.49% | |
| 5Y Return (annualized) | +9.30% | +13.43% | |
| Volatility (annualized) | 20.0% | 15.1% | |
| Max Drawdown | -76.0% | -56.5% | |
| Fund Family | Duff & Phelps Investment Management Co. | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jul 29, 2011 | May 15, 2000 |
DPG vs IVV Performance
Duff & Phelps Utility and Infrastructure Fund Inc (DPG) 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 DPG returned +20.90% while IVV returned +23.70%. Year to date, DPG is up 16.48% versus a gain of 13.80% for IVV.
Over three years, DPG compounded at +23.46% per year against +21.49% for IVV; over five years the annualized figures are +9.30% and +13.43% respectively. Across the full 15-year window we track, IVV has the edge at +7.05% annualized vs +1.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DPG has been the more volatile fund, with annualized monthly volatility of 20.0% 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 -76.0% for DPG 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DPG charges 2.26% per year while IVV charges 0.03%. On a $10,000 position that is $226 vs $3 annually, a gap of $223 per year that compounds over a long holding period. On income, DPG currently yields 5.15% against 1.09% for IVV.
Holdings Overlap
DPG and IVV share 27 holdings out of 531 unique holdings combined, representing a 2.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DPG or IVV?
DPG has an expense ratio of 2.26% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $223 per year of difference.
Which performed better, DPG or IVV?
Over the past year DPG returned +20.90% vs +23.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (15 years), DPG annualized +1.03% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, DPG or IVV?
DPG has been the more volatile fund at 20.0% annualized versus 15.1% for IVV. Worst drawdown: DPG -76.0% vs IVV -56.5%.
Should I hold both DPG and IVV?
DPG and IVV have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DPG and IVV?
DPG and IVV share 27 common holdings with a 2.6% weight overlap. Combined, they hold 531 unique securities.
Which pays a higher dividend, DPG or IVV?
DPG yields 5.15% while IVV yields 1.09%, so DPG currently pays the higher dividend yield.
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