DVYE vs SPY
iShares Emerging Markets Dividend ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. DVYE delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DVYE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $1.2B | $821.1B | |
| Dividend Yield | 4.79% | 1.01% | |
| Holdings | 142 | 505 | |
| YTD Return | +11.94% | +13.17% | |
| 1Y Return | +24.27% | +21.53% | |
| 3Y Return (annualized) | +22.88% | +22.06% | |
| 5Y Return (annualized) | +6.90% | +13.35% | |
| Volatility (annualized) | 17.2% | 15.3% | |
| Max Drawdown | -55.4% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 23, 2012 | Jan 22, 1993 |
DVYE vs SPY Performance
iShares Emerging Markets Dividend ETF (DVYE) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DVYE returned +24.27% while SPY returned +21.53%. Year to date, DVYE is up 11.94% versus a gain of 13.17% for SPY.
Over three years, DVYE compounded at +22.88% per year against +22.06% for SPY; over five years the annualized figures are +6.90% and +13.35% respectively. Across the full 15-year window we track, SPY has the edge at +8.82% annualized vs -0.08%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DVYE has been the more volatile fund, with annualized monthly volatility of 17.2% 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 -55.4% for DVYE 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DVYE charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, DVYE currently yields 4.79% against 1.01% for SPY.
Holdings Overlap
DVYE and SPY share 0 holdings out of 612 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, DVYE or SPY?
DVYE has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, DVYE or SPY?
Over the past year DVYE returned +24.27% vs +21.53% for SPY, so DVYE leads on 1-year performance. Over the longest common window we track (15 years), DVYE annualized -0.08% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, DVYE or SPY?
DVYE has been the more volatile fund at 17.2% annualized versus 15.3% for SPY. Worst drawdown: DVYE -55.4% vs SPY -56.5%.
Should I hold both DVYE and SPY?
DVYE and SPY have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DVYE and SPY?
DVYE and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 612 unique securities.
Which pays a higher dividend, DVYE or SPY?
DVYE yields 4.79% while SPY yields 1.01%, so DVYE currently pays the higher dividend yield.
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