DSTX vs SPY
Distillate International Fundamental Stability and Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. DSTX delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | DSTX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.09% | |
| AUM | $58M | $789.1B | |
| Dividend Yield | 2.75% | 1.01% | |
| Holdings | 105 | 505 | |
| YTD Return | +14.89% | +13.39% | |
| 1Y Return | +30.79% | +22.52% | |
| 3Y Return (annualized) | +19.73% | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 13.8% | 15.3% | |
| Max Drawdown | -13.3% | -56.5% | |
| Fund Family | Distillate Capital Etfs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 14, 2020 | Jan 22, 1993 |
DSTX vs SPY Performance
Distillate International Fundamental Stability and Value ETF (DSTX) 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 DSTX returned +30.79% while SPY returned +22.52%. Year to date, DSTX is up 14.89% versus a gain of 13.39% for SPY.
Over three years, DSTX compounded at +19.73% per year against +21.36% for SPY. Across the full 3-year window we track, DSTX has the edge at +19.20% annualized vs +8.84%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.8% for DSTX. 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 -13.3% for DSTX 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 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DSTX 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, DSTX currently yields 2.75% against 1.01% for SPY.
Holdings Overlap
DSTX and SPY share 0 holdings out of 605 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, DSTX or SPY?
DSTX 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, DSTX or SPY?
Over the past year DSTX returned +30.79% vs +22.52% for SPY, so DSTX leads on 1-year performance. Over the longest common window we track (3 years), DSTX annualized +19.20% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, DSTX or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.8% for DSTX. Worst drawdown: DSTX -13.3% vs SPY -56.5%.
Should I hold both DSTX and SPY?
DSTX and SPY have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DSTX and SPY?
DSTX and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 605 unique securities.
Which pays a higher dividend, DSTX or SPY?
DSTX yields 2.75% while SPY yields 1.01%, so DSTX currently pays the higher dividend yield.
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