DSMC vs SPY
Distillate Small/Mid Cash Flow ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, DSMC or SPY?
Small Cap Value against Large Cap Blend.
SPY has a lower expense ratio. DSMC led over 1Y, SPY over 3Y and the full window. DSMC is less concentrated, with 11.8% of the fund in its ten largest positions against 37.8%.
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 | DSMC | SPY |
|---|---|---|
| Expense Ratio | 0.55% | 0.09%Best |
| AUM | $178M | $804.7B |
| Dividend Yield | 1.05% | 0.98% |
| Holdings | 152 | 505 |
| YTD Return | +21.80%Best | +12.22% |
| 1Y Return | +20.99%Best | +16.97% |
| 3Y Return (annualized) | +13.45% | +21.16%Best |
| 5Y Return (annualized) | - | +13.00% |
| Volatility (annualized) | 16.9% | 12.8%Best |
| Max Drawdown | -28.6% | -18.8%Best |
| $10,000 over 3.1 years | $14,103 | $17,735Best |
| Top 10 Weight | 11.8%Best | 37.8% |
| Fund Family | Distillate Capital Etfs | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Oct 5, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Aug 9, 2023 to Sep 17, 2026 (3.1 years).
DSMC vs SPY 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 3.1 years both funds cover.
DSMC vs SPY Performance
Distillate Small/Mid Cash Flow ETF (DSMC) is an ETF from Distillate Capital Etfs and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year DSMC returned +20.99% while SPY returned +16.97%. Year to date, DSMC is up 21.80% versus a gain of 12.22% for SPY.
Over three years, DSMC compounded at +13.45% per year against +21.16% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DSMC has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 12.8% 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 -28.6% for DSMC and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.63. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DSMC charges 0.55% per year while SPY charges 0.09%. On a $10,000 position that is $55 vs $9 annually, a gap of $46 per year that compounds over a long holding period. On income, DSMC currently yields 1.05% against 0.98% for SPY.
Holdings Overlap
10.8% of DSMC's money is in holdings SPY also owns. 0.2% of SPY's money is in holdings DSMC also owns.
DSMC and SPY share little of their money.
11 positions in common, counted across the 151 positions we hold weights for in DSMC and 504 in SPY, against full books of 152 and 505.
What only one of them owns
Our book lists 486 positions for SPY that do not appear in our book for DSMC (99.1% of the fund), and 136 for DSMC that do not appear in SPY (86.8%).
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 DSMC | Weight in SPY | Difference |
|---|---|---|---|
| IVZInvesco Plc | 1.23% | 0.02% | 1.21% |
| CDWCDW Corporation | 1.22% | 0.03% | 1.19% |
| ITGartner Inc. | 1.18% | 0.02% | 1.16% |
| APAApa Corp | 1.14% | 0.02% | 1.12% |
| GDDYGodaddy Inc. Class A | 1.04% | 0.02% | 1.02% |
| MASMasco Corp. | 0.92% | 0.02% | 0.90% |
| FDSFactset Research Systems Inc. | 0.89% | 0.02% | 0.87% |
| UHSUniversal Health Services Inc. | 0.89% | 0.01% | 0.88% |
| SWKSSkyworks Solutions Inc. | 0.86% | 0.02% | 0.84% |
| HRLHormel Foods Corp. | 0.74% | 0.01% | 0.73% |
You are not choosing between two funds in isolation.
Whichever of DSMC and SPY 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, DSMC or SPY?
DSMC has an expense ratio of 0.55% while SPY charges 0.09%. SPY is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, DSMC or SPY?
Over the past year DSMC returned +20.99% vs +16.97% for SPY, so DSMC leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DSMC or SPY?
DSMC has been the more volatile fund at 16.9% annualized versus 12.8% for SPY. Worst drawdown: DSMC -28.6% vs SPY -18.8%.
Should I hold both DSMC and SPY?
DSMC and SPY have a monthly-return correlation of 0.63, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DSMC and SPY?
10.8% of DSMC's money is in holdings SPY also owns. 0.2% of SPY's is in holdings DSMC also owns. They hold 11 positions in common, counted across the 151 positions we hold weights for in DSMC and 504 in SPY.
Which pays a higher dividend, DSMC or SPY?
DSMC yields 1.05% while SPY yields 0.98%, so DSMC currently pays the higher dividend yield.
Is SPY better than DSMC?
SPY has a lower expense ratio. DSMC led over 1Y, SPY over 3Y and the full window. DSMC is less concentrated, with 11.8% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.