DXUV vs SPY
Dimensional US Vector Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, DXUV or SPY?
Mid Cap Value against Large Cap Blend.
SPY has a lower expense ratio. DXUV led over 1Y, SPY over the full window. The two have moved almost in lockstep, correlation 0.91. DXUV is less concentrated, with 23.4% 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 | DXUV | SPY |
|---|---|---|
| Expense Ratio | 0.25% | 0.09%Best |
| AUM | $575M | $804.7B |
| Dividend Yield | 0.97% | 0.98% |
| Holdings | 2,030 | 505 |
| YTD Return | +14.25%Best | +11.52% |
| 1Y Return | +19.11%Best | +17.48% |
| 3Y Return (annualized) | - | +20.62% |
| 5Y Return (annualized) | - | +12.73% |
| Volatility (annualized) | 12.8% | 12.7%Best |
| Max Drawdown | -21.1% | -18.8%Best |
| $10,000 over 2 years | $13,806 | $13,891Best |
| Top 10 Weight | 23.4%Best | 38.0% |
| Fund Family | Dimensional | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Sep 13, 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).
DXUV 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.
DXUV vs SPY Performance
Dimensional US Vector Equity ETF (DXUV) 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 DXUV returned +19.11% while SPY returned +17.48%. Year to date, DXUV is up 14.25% versus a gain of 11.52% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DXUV has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 12.7% 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 -21.1% for DXUV 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 0.91. 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 0.98% for SPY.
Holdings Overlap
66.2% of DXUV's money is in holdings SPY also owns. 87.9% of SPY's money is in holdings DXUV also owns.
Most of SPY is already inside DXUV. Owning both mostly buys the same companies twice.
402 positions in common, counted across the 2,030 positions we hold weights for in DXUV and 504 in SPY, against full books of 2,030 and 505.
What only one of them owns
Our book lists 98 positions for SPY that do not appear in our book for DXUV (11.9% of the fund), and 1,007 for DXUV that do not appear in SPY (31.1%).
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 DXUV | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 4.84% | 7.71% | 2.87% |
| AAPLApple, Inc | 4.24% | 6.83% | 2.59% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.92% | 5.50% | 0.58% |
| AMZNAmazon.Com Inc | 2.57% | 4.08% | 1.51% |
| GOOGLAlphabet A Usd 0.001 | 1.27% | 3.33% | 2.06% |
| METAMeta Platforms, Inc. | 1.87% | 1.94% | 0.07% |
| AVGOBroadcom Inc | 0.82% | 2.97% | 2.15% |
| GOOGAlphabet Inc | 1.08% | 2.67% | 1.59% |
| MUMicron Technology, Inc. | 0.95% | 1.51% | 0.56% |
| JPMJpmorgan Chase & Co. | 0.75% | 1.44% | 0.69% |
87.9% of SPY is already inside DXUV.
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, DXUV or SPY?
DXUV has an expense ratio of 0.25% while SPY charges 0.09%. SPY is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, DXUV or SPY?
Over the past year DXUV returned +19.11% vs +17.48% for SPY, so DXUV leads on 1-year performance. Over the longest common window we track (2 years), DXUV annualized +17.50% vs +17.86% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DXUV or SPY?
DXUV has been the more volatile fund at 12.8% annualized versus 12.7% for SPY. Worst drawdown: DXUV -21.1% vs SPY -18.8%.
Should I hold both DXUV and SPY?
DXUV and SPY have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DXUV and SPY?
87.9% of SPY's money is in holdings DXUV also owns. 87.9% of SPY's is in holdings DXUV also owns. They hold 402 positions in common, counted across the 2,030 positions we hold weights for in DXUV and 504 in SPY.
Which pays a higher dividend, DXUV or SPY?
DXUV yields 0.97% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than DXUV?
SPY has a lower expense ratio. DXUV led over 1Y, SPY over the full window. The two have moved almost in lockstep, correlation 0.91. DXUV is less concentrated, with 23.4% 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.