DFAW vs IVV
DFAW vs IVV
Dimensional World Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. DFAW delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DFAW | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.24% | 0.03% | |
| AUM | $1.6B | $865.2B | |
| Dividend Yield | 1.23% | 1.09% | |
| Holdings | 6 | 508 | |
| YTD Return | +15.60% | +13.80% | |
| 1Y Return | +26.85% | +23.70% | |
| 3Y Return (annualized) | - | +21.49% | |
| 5Y Return (annualized) | - | +13.43% | |
| Volatility (annualized) | 12.1% | 15.1% | |
| Max Drawdown | -16.9% | -56.5% | |
| Fund Family | Dimensional | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Sep 26, 2023 | May 15, 2000 |
DFAW vs IVV Performance
Dimensional World Equity ETF (DFAW) is a ETF from Dimensional and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DFAW returned +26.85% while IVV returned +23.70%. Year to date, DFAW is up 15.60% versus a gain of 13.80% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.1% for DFAW. 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 -16.9% for DFAW 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DFAW charges 0.24% per year while IVV charges 0.03%. On a $10,000 position that is $24 vs $3 annually, a gap of $21 per year that compounds over a long holding period. On income, DFAW currently yields 1.23% against 1.09% for IVV.
Holdings Overlap
DFAW and IVV share 0 holdings out of 510 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, DFAW or IVV?
DFAW has an expense ratio of 0.24% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, DFAW or IVV?
Over the past year DFAW returned +26.85% vs +23.70% for IVV, so DFAW leads on 1-year performance. Over the longest common window we track (3 years), DFAW annualized +22.91% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, DFAW or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.1% for DFAW. Worst drawdown: DFAW -16.9% vs IVV -56.5%.
Should I hold both DFAW and IVV?
DFAW and IVV have a monthly-return correlation of 0.93, 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 DFAW and IVV?
DFAW and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, DFAW or IVV?
DFAW yields 1.23% while IVV yields 1.09%, so DFAW currently pays the higher dividend yield.
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