DXUV vs SPY
Dimensional US Vector Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. DXUV delivered stronger 1-year returns. DXUV offers more diversification with 2,030 holdings.
Side-by-Side Comparison
| Metric | DXUV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.09% | |
| AUM | $580M | $821.1B | |
| Dividend Yield | 0.97% | 1.01% | |
| Holdings | 2,030 | 505 | |
| YTD Return | +15.89% | +12.22% | |
| 1Y Return | +24.11% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 12.9% | 15.3% | |
| Max Drawdown | -21.1% | -56.5% | |
| Fund Family | Dimensional | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 13, 2024 | Jan 22, 1993 |
DXUV vs SPY Performance
Dimensional US Vector Equity ETF (DXUV) 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 DXUV returned +24.11% while SPY returned +20.83%. Year to date, DXUV is up 15.89% 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 12.9% for DXUV. 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 -21.1% for DXUV 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DXUV charges 0.25% per year while SPY charges 0.09%. On a $10,000 position that is $25 vs $9 annually, a gap of $16 per year that compounds over a long holding period. On income, DXUV currently yields 0.97% against 1.01% for SPY.
Holdings Overlap
DXUV and SPY share 400 holdings out of 2117 unique holdings combined, representing a 53.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, DXUV or SPY?
DXUV has an expense ratio of 0.25% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, DXUV or SPY?
Over the past year DXUV returned +24.11% vs +20.83% for SPY, so DXUV leads on 1-year performance. Over the longest common window we track (2 years), DXUV annualized +18.94% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, DXUV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.9% for DXUV. Worst drawdown: DXUV -21.1% vs SPY -56.5%.
Should I hold both DXUV and SPY?
DXUV and SPY have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between DXUV and SPY?
DXUV and SPY share 400 common holdings with a 53.0% weight overlap. Combined, they hold 2117 unique securities.
Which pays a higher dividend, DXUV or SPY?
DXUV yields 0.97% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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