DVAL vs IVV
DVAL vs IVV
BrandywineGLOBAL-Dynamic US Large Cap Value 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 | DVAL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.03% | |
| AUM | $71M | $865.2B | |
| Dividend Yield | 1.83% | 1.09% | |
| Holdings | 115 | 508 | |
| YTD Return | +15.01% | +13.80% | |
| 1Y Return | +20.24% | +23.70% | |
| 3Y Return (annualized) | +14.32% | +21.49% | |
| 5Y Return (annualized) | - | +13.43% | |
| Volatility (annualized) | 12.7% | 15.1% | |
| Max Drawdown | -15.9% | -56.5% | |
| Fund Family | Franklin Templeton Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Dec 27, 2006 | May 15, 2000 |
DVAL vs IVV Performance
BrandywineGLOBAL-Dynamic US Large Cap Value ETF (DVAL) is a ETF from Franklin Templeton Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DVAL returned +20.24% while IVV returned +23.70%. Year to date, DVAL is up 15.01% versus a gain of 13.80% for IVV.
Over three years, DVAL compounded at +14.32% per year against +21.49% for IVV. Across the full 4-year window we track, DVAL has the edge at +13.51% annualized vs +7.05%. 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 12.7% for DVAL. 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 -15.9% for DVAL 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DVAL charges 0.49% per year while IVV charges 0.03%. On a $10,000 position that is $49 vs $3 annually, a gap of $46 per year that compounds over a long holding period. On income, DVAL currently yields 1.83% against 1.09% for IVV.
Holdings Overlap
DVAL and IVV share 71 holdings out of 547 unique holdings combined, representing a 15.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DVAL | Weight in IVV | Difference |
|---|---|---|---|
| JPM:US | 4.39% | 1.43% | 2.96% |
| GE | 4.75% | 0.55% | 4.20% |
| CSCO | 4.52% | 0.69% | 3.83% |
| BAC | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| WFC | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| LMT | Pro | Pro | Pro |
| UPS | Pro | Pro | Pro |
See all 10 holdings DVAL shares with IVV Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, DVAL or IVV?
DVAL has an expense ratio of 0.49% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, DVAL or IVV?
Over the past year DVAL returned +20.24% vs +23.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), DVAL annualized +13.51% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, DVAL or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.7% for DVAL. Worst drawdown: DVAL -15.9% vs IVV -56.5%.
Should I hold both DVAL and IVV?
DVAL and IVV have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DVAL and IVV?
DVAL and IVV share 71 common holdings with a 15.5% weight overlap. Combined, they hold 547 unique securities.
Which pays a higher dividend, DVAL or IVV?
DVAL yields 1.83% while IVV yields 1.09%, so DVAL currently pays the higher dividend yield.
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