DXIV vs SPY
Dimensional International Vector Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, DXIV or SPY?
Mid Cap Value against Large Cap Blend.
SPY has a lower expense ratio. DXIV led over 1Y and the full window. DXIV is less concentrated, with 6.3% 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 | DXIV | SPY |
|---|---|---|
| Expense Ratio | 0.30% | 0.09%Best |
| AUM | $222M | $804.7B |
| Dividend Yield | 2.28% | 0.98% |
| Holdings | 2,695 | 505 |
| YTD Return | +14.05%Best | +11.52% |
| 1Y Return | +23.61%Best | +17.48% |
| 3Y Return (annualized) | - | +20.62% |
| 5Y Return (annualized) | - | +12.73% |
| Volatility (annualized) | 12.2%Best | 12.7% |
| Max Drawdown | -13.7%Best | -18.8% |
| $10,000 over 2 years | $15,302Best | $13,891 |
| Top 10 Weight | 6.3%Best | 38.0% |
| Fund Family | Dimensional | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Sep 10, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Sep 12, 2024 to Sep 10, 2026 (2 years).
DXIV 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 2 years both funds cover.
DXIV vs SPY Performance
Dimensional International Vector Equity ETF (DXIV) is an ETF from Dimensional and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year DXIV returned +23.61% while SPY returned +17.48%. Year to date, DXIV is up 14.05% versus a gain of 11.52% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.7% compared with 12.2% for DXIV. 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 -13.7% for DXIV 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 0.48. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DXIV charges 0.30% per year while SPY charges 0.09%. On a $10,000 position that is $30 vs $9 annually, a gap of $21 per year that compounds over a long holding period. On income, DXIV currently yields 2.28% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 2,625 holdings in DXIV and 504 in SPY, totalling 96.1% and 100.0% of the two funds. That is not enough of SPY to divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 2,625 positions we hold weights for in DXIV and 504 in SPY, against full books of 2,695 and 505.
What only one of them owns
Our book lists 493 positions for SPY that do not appear in our book for DXIV (99.5% of the fund), and 30 for DXIV that do not appear in SPY (3.7%).
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 DXIV | Weight in SPY | Difference |
|---|---|---|---|
| PNRPentair Plc Ordinary Shares | 0.00% | 0.02% | 0.02% |
You are not choosing between two funds in isolation.
Whichever of DXIV 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, DXIV or SPY?
DXIV has an expense ratio of 0.30% while SPY charges 0.09%. SPY is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, DXIV or SPY?
Over the past year DXIV returned +23.61% vs +17.48% for SPY, so DXIV leads on 1-year performance. Over the longest common window we track (2 years), DXIV annualized +23.70% vs +17.86% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DXIV or SPY?
SPY has been the more volatile fund at 12.7% annualized versus 12.2% for DXIV. Worst drawdown: DXIV -13.7% vs SPY -18.8%.
Should I hold both DXIV and SPY?
DXIV and SPY have a monthly-return correlation of 0.48, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DXIV or SPY?
DXIV yields 2.28% while SPY yields 0.98%, so DXIV currently pays the higher dividend yield.
Is SPY better than DXIV?
SPY has a lower expense ratio. DXIV led over 1Y and the full window. DXIV is less concentrated, with 6.3% 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.