DCOR vs SPY
Dimensional US Core Equity 1 ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, DCOR or SPY?
Nearly the same fund. SPY costs less.
SPY has a lower expense ratio. DCOR led over 1Y, SPY over 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. DCOR is less concentrated, with 28.8% of the fund in its ten largest positions against 38.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DCOR | SPY |
|---|---|---|
| Expense Ratio | 0.14% | 0.09%Best |
| AUM | $44.9B | $811.2B |
| Dividend Yield | 0.91% | 0.98% |
| Holdings | 2,404 | 1,515 |
| YTD Return | +13.55%Best | +13.54% |
| 1Y Return | +16.68%Best | +16.25% |
| 3Y Return (annualized) | +22.15% | +23.72%Best |
| 5Y Return (annualized) | - | +13.95% |
| Volatility (annualized) | 12.3%Tie | 12.3%Tie |
| Max Drawdown | -19.1% | -18.8%Best |
| $10,000 over 3.1 years | $17,435 | $18,098Best |
| Top 10 Weight | 28.8%Best | 38.2% |
| Fund Family | Dimensional | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 15, 2005 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Sep 13, 2023 to Oct 2, 2026 (3.1 years).
DCOR vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.1 years both funds cover.
DCOR vs SPY Performance
Dimensional US Core Equity 1 ETF (DCOR) is an ETF from Dimensional and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year DCOR returned +16.68% while SPY returned +16.25%. Year to date, DCOR is up 13.55% versus a gain of 13.54% for SPY.
Over three years, DCOR compounded at +22.15% per year against +23.72% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DCOR and SPY have been equally volatile, both at 12.3% annualized.
The deepest peak-to-trough decline in our data was -19.1% for DCOR and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DCOR charges 0.14% per year while SPY charges 0.09%. On a $10,000 position that is $14 vs $9 annually, a gap of $5 per year that compounds over a long holding period. On income, DCOR currently yields 0.91% against 0.98% for SPY.
Holdings Overlap
79.7% of DCOR's money is in holdings SPY also owns. 97.2% of SPY's money is in holdings DCOR also owns.
Most of SPY is already inside DCOR. Owning both mostly buys the same companies twice.
463 positions in common, counted across the 2,394 positions we hold weights for in DCOR and 504 in SPY, against full books of 2,404 and 1,515.
What only one of them owns
Our book lists 39 positions for SPY that do not appear in our book for DCOR (2.2% of the fund), and 850 for DCOR that do not appear in SPY (16.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in DCOR | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 5.80% | 7.78% | 1.98% |
| AAPLApple, Inc | 6.03% | 7.45% | 1.42% |
| MSFTMicrosoft Corp | 4.44% | 5.71% | 1.27% |
| AMZNAmazon.Com Inc | 3.00% | 3.78% | 0.78% |
| GOOGLAlphabet Inc,class A | 1.69% | 3.12% | 1.43% |
| METAMeta Platforms Inc | 2.10% | 2.22% | 0.12% |
| AVGOBroadcom Inc | 1.59% | 2.48% | 0.89% |
| GOOGAlphabet Inc. C | 1.54% | 2.49% | 0.95% |
| JPMJpmorgan Chase | 1.39% | 1.43% | 0.04% |
| MUMicron Technology, Inc. | 1.21% | 1.59% | 0.38% |
97.2% of SPY is already inside DCOR.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DCOR or SPY?
DCOR has an expense ratio of 0.14% while SPY charges 0.09%. SPY is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, DCOR or SPY?
Over the past year DCOR returned +16.68% vs +16.25% for SPY, so DCOR leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DCOR or SPY?
DCOR and SPY have been equally volatile, both at 12.3% annualized. Worst drawdown: DCOR -19.1% vs SPY -18.8%.
Should I hold both DCOR and SPY?
DCOR and SPY have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DCOR and SPY?
97.2% of SPY's money is in holdings DCOR also owns. 97.2% of SPY's is in holdings DCOR also owns. They hold 463 positions in common, counted across the 2,394 positions we hold weights for in DCOR and 504 in SPY.
Which pays a higher dividend, DCOR or SPY?
DCOR yields 0.91% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than DCOR?
SPY has a lower expense ratio. DCOR led over 1Y, SPY over 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. DCOR is less concentrated, with 28.8% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.