DXIV vs SPY
Dimensional International Vector Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. DXIV delivered stronger 1-year returns. DXIV offers more diversification with 2,695 holdings.
Side-by-Side Comparison
| Metric | DXIV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.09% | |
| AUM | $217M | $821.1B | |
| Dividend Yield | 2.36% | 1.01% | |
| Holdings | 2,695 | 505 | |
| YTD Return | +14.89% | +12.22% | |
| 1Y Return | +26.08% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 12.2% | 15.3% | |
| Max Drawdown | -13.7% | -56.5% | |
| Fund Family | Dimensional | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 10, 2024 | Jan 22, 1993 |
DXIV vs SPY Performance
Dimensional International Vector Equity ETF (DXIV) is a ETF from Dimensional and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DXIV returned +26.08% while SPY returned +20.83%. Year to date, DXIV is up 14.89% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -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 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
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 2.36% against 1.01% for SPY.
Holdings Overlap
DXIV and SPY share 1 holdings out of 3130 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DXIV | Weight in SPY | Difference |
|---|---|---|---|
| PNR | 0.00% | 0.02% | 0.02% |
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. On a $10,000 investment, that is $21 per year of difference.
Which performed better, DXIV or SPY?
Over the past year DXIV returned +26.08% vs +20.83% for SPY, so DXIV leads on 1-year performance. Over the longest common window we track (2 years), DXIV annualized +24.96% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, DXIV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.2% for DXIV. Worst drawdown: DXIV -13.7% vs SPY -56.5%.
Should I hold both DXIV and SPY?
DXIV and SPY have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DXIV and SPY?
DXIV and SPY share 1 common holdings with a 0.0% weight overlap. Combined, they hold 3130 unique securities.
Which pays a higher dividend, DXIV or SPY?
DXIV yields 2.36% while SPY yields 1.01%, so DXIV currently pays the higher dividend yield.
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