DFVX vs. SPY
Compare and contrast key facts about Dimensional US Large Cap Vector ETF (DFVX) and SPDR S&P 500 ETF (SPY).
DFVX and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFVX is an actively managed fund by Dimensional. It was launched on Nov 1, 2023. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFVX or SPY.
Key characteristics
| DFVX | SPY | |
|---|---|---|
| YTD Return | 15.68% | 19.22% |
| Daily Std Dev | 11.05% | 12.59% |
| Max Drawdown | -6.66% | -55.19% |
| Current Drawdown | 0.00% | -0.32% |
Correlation
The correlation between DFVX and SPY is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DFVX vs. SPY - Performance Comparison
In the year-to-date period, DFVX achieves a 15.68% return, which is significantly lower than SPY's 19.22% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DFVX vs. SPY - Expense Ratio Comparison
DFVX has a 0.22% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
DFVX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional US Large Cap Vector ETF (DFVX) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Not enough dataDividends
DFVX vs. SPY - Dividend Comparison
DFVX's dividend yield for the trailing twelve months is around 1.08%, more than SPY's 0.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFVX Dimensional US Large Cap Vector ETF | 1.08% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.93% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
DFVX vs. SPY - Drawdown Comparison
The maximum DFVX drawdown since its inception was -6.66%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DFVX and SPY. For additional features, visit the drawdowns tool.
Volatility
DFVX vs. SPY - Volatility Comparison
The current volatility for Dimensional US Large Cap Vector ETF (DFVX) is 3.52%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.94%. This indicates that DFVX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.