DYFI vs SPY
DYFI vs SPY
IDX Dynamic Fixed Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | DYFI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.12% | 0.09% | |
| AUM | $56M | $789.1B | |
| Dividend Yield | 4.61% | 1.01% | |
| Holdings | 17 | 505 | |
| YTD Return | +0.22% | +13.28% | |
| 1Y Return | +2.25% | +23.94% | |
| 3Y Return (annualized) | - | +21.07% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 3.0% | 15.3% | |
| Max Drawdown | -4.5% | -56.5% | |
| Fund Family | IDX Funds | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jan 10, 2024 | Jan 22, 1993 |
DYFI vs SPY Performance
IDX Dynamic Fixed Income ETF (DYFI) is a ETF from IDX Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DYFI returned +2.25% while SPY returned +23.94%. Year to date, DYFI is up 0.22% versus a gain of 13.28% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 3.0% for DYFI. 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 -4.5% for DYFI and -56.5% for SPY. 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DYFI charges 1.12% per year while SPY charges 0.09%. On a $10,000 position that is $112 vs $9 annually, a gap of $103 per year that compounds over a long holding period. On income, DYFI currently yields 4.61% against 1.01% for SPY.
Holdings Overlap
DYFI and SPY share 0 holdings out of 514 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, DYFI or SPY?
DYFI has an expense ratio of 1.12% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $103 per year of difference.
Which performed better, DYFI or SPY?
Over the past year DYFI returned +2.25% vs +23.94% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), DYFI annualized +1.13% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, DYFI or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 3.0% for DYFI. Worst drawdown: DYFI -4.5% vs SPY -56.5%.
Should I hold both DYFI and SPY?
DYFI and SPY have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DYFI and SPY?
DYFI and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, DYFI or SPY?
DYFI yields 4.61% while SPY yields 1.01%, so DYFI currently pays the higher dividend yield.
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