DVY vs IVV
DVY vs IVV
iShares Select Dividend 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 | DVY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.03% | |
| AUM | $23.8B | $865.2B | |
| Dividend Yield | 3.37% | 1.09% | |
| Holdings | 105 | 508 | |
| YTD Return | +14.69% | +13.13% | |
| 1Y Return | +22.30% | +22.90% | |
| 3Y Return (annualized) | +15.50% | +21.08% | |
| 5Y Return (annualized) | +10.24% | +13.27% | |
| Volatility (annualized) | 14.8% | 15.1% | |
| Max Drawdown | -65.2% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 3, 2003 | May 15, 2000 |
DVY vs IVV Performance
iShares Select Dividend ETF (DVY) is a ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DVY returned +22.30% while IVV returned +22.90%. Year to date, DVY is up 14.69% versus a gain of 13.13% for IVV.
Over three years, DVY compounded at +15.50% per year against +21.08% for IVV; over five years the annualized figures are +10.24% and +13.27% respectively. Across the full 23-year window we track, IVV has the edge at +7.02% annualized vs +6.10%. 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 14.8% for DVY. 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 -65.2% for DVY 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DVY charges 0.38% per year while IVV charges 0.03%. On a $10,000 position that is $38 vs $3 annually, a gap of $35 per year that compounds over a long holding period. On income, DVY currently yields 3.37% against 1.09% for IVV.
Holdings Overlap
DVY and IVV share 68 holdings out of 537 unique holdings combined, representing a 8.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DVY | Weight in IVV | Difference |
|---|---|---|---|
| MO | 2.22% | 0.19% | 2.03% |
| TROW | 2.30% | 0.04% | 2.26% |
| PRU | 2.10% | 0.06% | 2.04% |
| PFE | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
| XOM | Pro | Pro | Pro |
| OKE | Pro | Pro | Pro |
| KMB | Pro | Pro | Pro |
| HPQ | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
See all 10 holdings DVY 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, DVY or IVV?
DVY has an expense ratio of 0.38% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, DVY or IVV?
Over the past year DVY returned +22.30% vs +22.90% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (23 years), DVY annualized +6.10% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, DVY or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 14.8% for DVY. Worst drawdown: DVY -65.2% vs IVV -56.5%.
Should I hold both DVY and IVV?
DVY and IVV have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DVY and IVV?
DVY and IVV share 68 common holdings with a 8.4% weight overlap. Combined, they hold 537 unique securities.
Which pays a higher dividend, DVY or IVV?
DVY yields 3.37% while IVV yields 1.09%, so DVY currently pays the higher dividend yield.
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