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Data as of Nov 4, 2026.

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DLMY vs IVV: Differences, Returns & Fees

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DLMY and IVV are measured over different days, and IVV charges 0.03% to DLMY's 0.85%.

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Net assets on Nov 3, 2026: $12m for FT Vest U.S. Equity Dual Directional Buffer ETF - May and $872.0bn for iShares Core S&P 500 ETF.

DLMY on its own →IVV on its own →
At a glance
+3.6%
DLMY total return, since launch, May 18, 2026
+14.8%
IVV total return, 1 year
0.85%
DLMY expense ratio
0.03%
IVV expense ratio

Pair scorecard

IVV costs 0.82 points a year less; IVV is far larger, $872.0bn against $12m.

DLMY vs IVV: Differences, Returns & Fees
MeasureDLMYIVV
Return
Total return, 1 yearnot published+14.8%
Drawdown
Index fall to the buffer3.6%
Fund price fall to the buffer4.5%
Benchmark
What it tracksSPYS&P 500
The outcome period
Room to the cap9.0%
Buffer left, in index points10.0% of 10.0%
Days left in the period198
Period endsMay 21, 2027
Cost and size
Expense ratio0.85%0.03%
Net assets, as of Nov 3, 2026$12m$872.0bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight100%
Top ten holdings, share of the fund37.3%

Method

Side by side

DLMY FT Vest U.S. Equity Dual Directional Buffer ETF - May IVV iShares Core S&P 500 ETF
Where it sits Buffer ETF Stock ETF
Issuer First Trust iShares
What it is Defined outcome, 10% on SPY Tracks the S&P 500
Total return, 1 year +3.6% (since launch, May 18, 2026) +14.8%
Its benchmark over the same days +3.8% (SPY) (since launch, May 18, 2026) +14.8% (SPY)
Gap to its benchmark −0.2 pts vs SPY (since launch, May 18, 2026) 0.0 pts vs SPY
Expense ratio 0.85% 0.03%
Holdings not read by ETFIQ 505
Net assets, as of Nov 3, 2026 $12m $872.0bn

DLMY and IVV on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

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About each fund
DLMY

From its price on Nov 4, 2026, the fund can gain about 9.0% more before it reaches its cap. The fund's price can fall 4.5% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 3.6% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level. 198 days remained on Nov 4, 2026. On May 21, 2027 the period ends and a new cap is set.

IVV

IVV tracks the S&P 500. Over the year to Nov 4, 2026 it returned +14.8% with distributions reinvested, against +14.8% for its benchmark, the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Nov 3, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 37.3%.

Questions people ask

Are DLMY and IVV in the same category?
DLMY is a buffer ETF and IVV is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which is cheaper, DLMY or IVV?
IVV is cheaper, by 0.82 percentage points a year. That is about $82 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
DLMY vs SPYDLMY vs VOODLMY vs SPYMHAUG vs IVVIVV vs PQVHMAY vs IVVIVV vs MAYCIVV vs JULC
Where to next
State Street® SPDR® S&P 500® ETF Trust →DLMY on its own →IVV on its own →Hold both: look the portfolio through →Rankings →IVV dividend history →IVV holdings →Standards and sources →
Sources and dates
DLMY filings on SEC EDGAR ↗
First Trust page for DLMY ↗
IVV filings on SEC EDGAR ↗
IVV prospectus with the expense ratio (SEC) ↗
iShares page for IVV ↗

Links are sources, not endorsements. A comparison is not a recommendation.

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ETFIQ, DLMY against IVV, data as of Nov 4, 2026. https://etfiq.com/compare/any/dlmy-vs-ivv

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