DSMC vs SPY
Distillate Small/Mid Cash Flow ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. DSMC delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | DSMC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.09% | |
| AUM | $140M | $789.1B | |
| Dividend Yield | 1.13% | 1.01% | |
| Holdings | 152 | 505 | |
| YTD Return | +22.07% | +13.68% | |
| 1Y Return | +25.61% | +21.53% | |
| 3Y Return (annualized) | +12.59% | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 17.0% | 15.3% | |
| Max Drawdown | -28.6% | -56.5% | |
| Fund Family | Distillate Capital Etfs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 5, 2022 | Jan 22, 1993 |
DSMC vs SPY Performance
Distillate Small/Mid Cash Flow ETF (DSMC) is a ETF from Distillate Capital Etfs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DSMC returned +25.61% while SPY returned +21.53%. Year to date, DSMC is up 22.07% versus a gain of 13.68% for SPY.
Over three years, DSMC compounded at +12.59% per year against +21.44% for SPY. Across the full 3-year window we track, DSMC has the edge at +12.22% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DSMC has been the more volatile fund, with annualized monthly volatility of 17.0% compared with 15.3% 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 -56.5% for SPY. 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.13% against 1.01% for SPY.
Holdings Overlap
DSMC and SPY share 7 holdings out of 647 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $46 per year of difference.
Which performed better, DSMC or SPY?
Over the past year DSMC returned +25.61% vs +21.53% for SPY, so DSMC leads on 1-year performance. Over the longest common window we track (3 years), DSMC annualized +12.22% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, DSMC or SPY?
DSMC has been the more volatile fund at 17.0% annualized versus 15.3% for SPY. Worst drawdown: DSMC -28.6% vs SPY -56.5%.
Should I hold both DSMC and SPY?
DSMC and SPY have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DSMC and SPY?
DSMC and SPY share 7 common holdings with a 0.1% weight overlap. Combined, they hold 647 unique securities.
Which pays a higher dividend, DSMC or SPY?
DSMC yields 1.13% while SPY yields 1.01%, so DSMC currently pays the higher dividend yield.
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