DWLD vs SPY
Davis Select Worldwide ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, DWLD or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. DWLD is less concentrated, with 25.8% of the fund in its ten largest positions against 38.0%.
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 | DWLD | SPY |
|---|---|---|
| Expense Ratio | 0.62% | 0.09%Best |
| AUM | $607M | $814.4B |
| Dividend Yield | 0.87% | 1.01% |
| Holdings | 40 | 505 |
| YTD Return | -0.55% | +12.71%Best |
| 1Y Return | +6.74% | +19.36%Best |
| 3Y Return (annualized) | +18.91% | +21.09%Best |
| 5Y Return (annualized) | +9.57% | +12.69%Best |
| Volatility (annualized) | 18.6% | 15.6%Best |
| Max Drawdown | -39.3% | -34.1%Best |
| $10,000 over 5 years | $15,793 | $18,173Best |
| Top 10 Weight | 25.8%Best | 38.0% |
| Fund Family | Davis ETFs | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 11, 2017 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jan 12, 2017 to Sep 8, 2026 (9.7 years).
DWLD 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 9.7 years both funds cover.
DWLD vs SPY Performance
Davis Select Worldwide ETF (DWLD) is an ETF from Davis ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year DWLD returned +6.74% while SPY returned +19.36%. Year to date, DWLD is down 0.55% versus a gain of 12.71% for SPY.
Over three years, DWLD compounded at +18.91% per year against +21.09% for SPY; over five years the annualized figures are +9.57% and +12.69% respectively. Across the full 10-year window we track, SPY has the edge at +14.33% annualized vs +10.42%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DWLD has been the more volatile fund, with annualized monthly volatility of 18.6% compared with 15.6% 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 -39.3% for DWLD and -34.1% 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DWLD charges 0.62% per year while SPY charges 0.09%. On a $10,000 position that is $62 vs $9 annually, a gap of $53 per year that compounds over a long holding period. On income, DWLD currently yields 0.87% against 1.01% for SPY.
Holdings Overlap
66.4% of DWLD's money is in holdings SPY also owns. 96.9% of SPY's money is in holdings DWLD also owns.
Most of SPY is already inside DWLD. Owning both mostly buys the same companies twice.
427 positions in common, counted across the 1,427 positions we hold weights for in DWLD and 503 in SPY, against full books of 40 and 505.
What only one of them owns
Our book lists 71 positions for SPY that do not appear in our book for DWLD (2.9% of the fund), and 63 for DWLD that do not appear in SPY (1.8%).
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 DWLD | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 5.13% | 7.71% | 2.58% |
| AAPLApple Inc Ord | 4.63% | 6.83% | 2.20% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 3.79% | 5.50% | 1.71% |
| AMZNAmazon.Com Inc | 2.78% | 4.08% | 1.30% |
| GOOGL Alphabet Inc. Class A | 2.28% | 3.33% | 1.05% |
| AVGOBroadcom Inc | 2.01% | 2.97% | 0.96% |
| GOOGAlphabet, Inc., Class C | 1.85% | 2.67% | 0.82% |
| METAMeta Platform Inc | 1.33% | 1.94% | 0.61% |
| MUMicron Technology, Inc. | 1.04% | 1.51% | 0.47% |
| JPMJpmorgan Chase & Co. | 1.00% | 1.44% | 0.44% |
96.9% of SPY is already inside DWLD.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DWLD or SPY?
DWLD has an expense ratio of 0.62% while SPY charges 0.09%. SPY is the cheaper option, by $53 a year on a $10,000 investment.
Which performed better, DWLD or SPY?
Over the past year DWLD returned +6.74% vs +19.36% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (10 years), DWLD annualized +10.42% vs +14.33% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DWLD or SPY?
DWLD has been the more volatile fund at 18.6% annualized versus 15.6% for SPY. Worst drawdown: DWLD -39.3% vs SPY -34.1%.
Should I hold both DWLD and SPY?
DWLD and SPY have a monthly-return correlation of 0.79, 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 DWLD and SPY?
96.9% of SPY's money is in holdings DWLD also owns. 96.9% of SPY's is in holdings DWLD also owns. They hold 427 positions in common, counted across the 1,427 positions we hold weights for in DWLD and 503 in SPY.
Which pays a higher dividend, DWLD or SPY?
DWLD yields 0.87% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Is SPY better than DWLD?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. DWLD is less concentrated, with 25.8% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.