DCRE vs IVV
DCRE vs IVV
DoubleLine Commercial Real Estate Debt ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DCRE | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $458M | $865.2B | |
| Dividend Yield | 4.74% | 1.09% | |
| Holdings | 259 | 508 | |
| YTD Return | +1.45% | +11.54% | |
| 1Y Return | +3.55% | +21.48% | |
| 3Y Return (annualized) | +5.86% | +20.86% | |
| 5Y Return (annualized) | - | +13.02% | |
| Volatility (annualized) | 1.4% | 15.1% | |
| Max Drawdown | -0.8% | -56.5% | |
| Fund Family | DoubleLine Funds | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 31, 2023 | May 15, 2000 |
DCRE vs IVV Performance
DoubleLine Commercial Real Estate Debt ETF (DCRE) is a ETF from DoubleLine Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DCRE returned +3.55% while IVV returned +21.48%. Year to date, DCRE is up 1.45% versus a gain of 11.54% for IVV.
Over three years, DCRE compounded at +5.86% per year against +20.86% for IVV. Across the full 3-year window we track, IVV has the edge at +6.97% annualized vs +5.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 1.4% for DCRE. 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 -0.8% for DCRE and -56.5% for IVV. 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 0.33. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DCRE charges 0.39% per year while IVV charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, DCRE currently yields 4.74% against 1.09% for IVV.
Holdings Overlap
DCRE and IVV share 0 holdings out of 586 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DCRE or IVV?
DCRE has an expense ratio of 0.39% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, DCRE or IVV?
Over the past year DCRE returned +3.55% vs +21.48% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), DCRE annualized +5.86% vs +6.97% for IVV. Past performance does not guarantee future results.
Which is riskier, DCRE or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 1.4% for DCRE. Worst drawdown: DCRE -0.8% vs IVV -56.5%.
Should I hold both DCRE and IVV?
DCRE and IVV have a monthly-return correlation of 0.33, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DCRE and IVV?
DCRE and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 586 unique securities.
Which pays a higher dividend, DCRE or IVV?
DCRE yields 4.74% while IVV yields 1.09%, so DCRE currently pays the higher dividend yield.
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