DSL vs IVV
DSL vs IVV
DoubleLine Income Solutions Fund 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 | DSL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 3.20% | 0.03% | |
| AUM | $1.3B | $865.2B | |
| Dividend Yield | 11.46% | 1.09% | |
| Holdings | 512 | 508 | |
| YTD Return | +2.29% | +13.52% | |
| 1Y Return | -1.04% | +23.63% | |
| 3Y Return (annualized) | +6.42% | +21.26% | |
| 5Y Return (annualized) | +0.84% | +13.52% | |
| Volatility (annualized) | 15.7% | 15.1% | |
| Max Drawdown | -58.7% | -56.5% | |
| Fund Family | DoubleLine Funds | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 26, 2013 | May 15, 2000 |
DSL vs IVV Performance
DoubleLine Income Solutions Fund (DSL) 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 DSL returned -1.04% while IVV returned +23.63%. Year to date, DSL is up 2.29% versus a gain of 13.52% for IVV.
Over three years, DSL compounded at +6.42% per year against +21.26% for IVV; over five years the annualized figures are +0.84% and +13.52% respectively. Across the full 13-year window we track, IVV has the edge at +7.04% annualized vs -1.88%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DSL has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 15.1% for IVV. 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 -58.7% for DSL 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DSL charges 3.20% per year while IVV charges 0.03%. On a $10,000 position that is $320 vs $3 annually, a gap of $317 per year that compounds over a long holding period. On income, DSL currently yields 11.46% against 1.09% for IVV.
Holdings Overlap
DSL 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, DSL or IVV?
DSL has an expense ratio of 3.20% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $317 per year of difference.
Which performed better, DSL or IVV?
Over the past year DSL returned -1.04% vs +23.63% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (13 years), DSL annualized -1.88% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, DSL or IVV?
DSL has been the more volatile fund at 15.7% annualized versus 15.1% for IVV. Worst drawdown: DSL -58.7% vs IVV -56.5%.
Should I hold both DSL and IVV?
DSL and IVV have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DSL and IVV?
DSL and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, DSL or IVV?
DSL yields 11.46% while IVV yields 1.09%, so DSL currently pays the higher dividend yield.
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