DSTL vs SSPY
Distillate US Fundamental Stability & Value ETF vs Stratified LargeCap Index ETF
Which is better, DSTL or SSPY?
Each has led over a different period.
DSTL has a lower expense ratio. DSTL led over 1Y, 5Y and the full window, SSPY over 3Y. The two have moved almost in lockstep, correlation 0.94. SSPY is less concentrated, with 8.9% of the fund in its ten largest positions against 18.3%.
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 | DSTL | SSPY |
|---|---|---|
| Expense Ratio | 0.39%Best | 0.45% |
| AUM | $2.0B | $129M |
| Dividend Yield | 1.14% | 1.25% |
| Holdings | 300 | 1,013 |
| YTD Return | +13.34%Best | +12.63% |
| 1Y Return | +16.45%Best | +15.52% |
| 3Y Return (annualized) | +15.03% | +15.71%Best |
| 5Y Return (annualized) | +10.92%Best | +8.93% |
| Volatility (annualized) | 16.9%Tie | 16.9%Tie |
| Max Drawdown | -33.1%Best | -36.7% |
| $10,000 over 5 years | $16,790Best | $15,337 |
| Top 10 Weight | 18.3% | 8.9%Best |
| Fund Family | Distillate Capital Etfs | Syntax Stratified |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Oct 23, 2018 | Jan 2, 2019 |
Volatility and max drawdown are measured over the window both funds cover: Jan 4, 2019 to Oct 14, 2026 (7.8 years).
DSTL vs SSPY 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 7.8 years both funds cover.
DSTL vs SSPY Performance
Distillate US Fundamental Stability & Value ETF (DSTL) is an ETF from Distillate Capital Etfs and Stratified LargeCap Index ETF (SSPY) is an ETF from Syntax Stratified. Over the past year DSTL returned +16.45% while SSPY returned +15.52%. Year to date, DSTL is up 13.34% versus a gain of 12.63% for SSPY.
Over three years, DSTL compounded at +15.03% per year against +15.71% for SSPY; over five years the annualized figures are +10.92% and +8.93% respectively. Across the full 8-year window we track, DSTL has the edge at +15.68% annualized vs +13.36%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DSTL and SSPY have been equally volatile, both at 16.9% annualized.
The deepest peak-to-trough decline in our data was -33.1% for DSTL and -36.7% for SSPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DSTL charges 0.39% per year while SSPY charges 0.45%. On a $10,000 position that is $39 vs $45 annually, a gap of $6 per year that compounds over a long holding period. On income, DSTL currently yields 1.14% against 1.25% for SSPY.
Holdings Overlap
73.8% of DSTL's money is in holdings SSPY also owns. 14.6% of SSPY's money is in holdings DSTL also owns.
Most of DSTL is already inside SSPY. Owning both mostly buys the same companies twice.
68 positions in common, counted across the 101 positions we hold weights for in DSTL and 504 in SSPY, against full books of 300 and 1,013.
What only one of them owns
Our book lists 428 positions for SSPY that do not appear in our book for DSTL (83.8% of the fund), and 32 for DSTL that do not appear in SSPY (25.3%).
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 DSTL | Weight in SSPY | Difference |
|---|---|---|---|
| MPCMarathon Petroleum Corp | 1.84% | 0.54% | 1.30% |
| UNHUnited Health Group Inc. | 1.98% | 0.38% | 1.60% |
| ACNAccenture Plc, Class a | 1.97% | 0.37% | 1.60% |
| MRKMerck & Co Inc Common Stock Usd 0.5 | 2.00% | 0.31% | 1.69% |
| CMCSAComcast Corp. Class A(cmcsa) | 1.75% | 0.52% | 1.23% |
| ABBVAbbvie Inc. | 1.95% | 0.29% | 1.66% |
| CRMSalesforce.Com Inc | 2.11% | 0.12% | 1.99% |
| MOAltria Group Inc | 1.43% | 0.36% | 1.07% |
| SYYSysco Corp. | 0.98% | 0.80% | 0.18% |
| BKNGPriceline.com, Inc. | 1.64% | 0.08% | 1.56% |
73.8% of DSTL is already inside SSPY.
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, DSTL or SSPY?
DSTL has an expense ratio of 0.39% while SSPY charges 0.45%. DSTL is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, DSTL or SSPY?
Over the past year DSTL returned +16.45% vs +15.52% for SSPY, so DSTL leads on 1-year performance. Over the longest common window we track (8 years), DSTL annualized +15.68% vs +13.36% for SSPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DSTL or SSPY?
DSTL and SSPY have been equally volatile, both at 16.9% annualized. Worst drawdown: DSTL -33.1% vs SSPY -36.7%.
Should I hold both DSTL and SSPY?
DSTL and SSPY have a monthly-return correlation of 0.94, 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 DSTL and SSPY?
73.8% of DSTL's money is in holdings SSPY also owns. 14.6% of SSPY's is in holdings DSTL also owns. They hold 68 positions in common, counted across the 101 positions we hold weights for in DSTL and 504 in SSPY.
Which pays a higher dividend, DSTL or SSPY?
DSTL yields 1.14% while SSPY yields 1.25%, so SSPY currently pays the higher dividend yield.
Is SSPY better than DSTL?
DSTL has a lower expense ratio. DSTL led over 1Y, 5Y and the full window, SSPY over 3Y. The two have moved almost in lockstep, correlation 0.94. SSPY is less concentrated, with 8.9% of the fund in its ten largest positions against 18.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.