AVLV vs DFLV
Avantis US Large Cap Value ETF vs Dimensional US Large Cap Value ETF
Which is better, AVLV or DFLV?
Nearly the same fund. AVLV costs less.
AVLV has a lower expense ratio. AVLV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.96. DFLV is less concentrated, with 25.0% of the fund in its ten largest positions against 27.2%.
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 | AVLV | DFLV |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.22% |
| AUM | $22.1B | $7.2B |
| Dividend Yield | 1.14% | 1.41% |
| Holdings | 601 | 339 |
| YTD Return | +21.50%Best | +19.75% |
| 1Y Return | +30.84%Best | +27.39% |
| 3Y Return (annualized) | +22.16%Best | +20.43% |
| 5Y Return (annualized) | +14.42% | - |
| Volatility (annualized) | 13.6% | 13.2%Best |
| Max Drawdown | -19.5% | -16.8%Best |
| $10,000 over 3.9 years | $19,380Best | $17,816 |
| Top 10 Weight | 27.2% | 25.0%Best |
| Fund Family | Avantis Investors | Dimensional |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 21, 2021 | Dec 6, 2022 |
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Dec 7, 2022 to Oct 14, 2026 (3.9 years).
AVLV vs DFLV 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 3.9 years both funds cover.
AVLV vs DFLV Performance
Avantis US Large Cap Value ETF (AVLV) is an ETF from Avantis Investors and Dimensional US Large Cap Value ETF (DFLV) is an ETF from Dimensional. Over the past year AVLV returned +30.84% while DFLV returned +27.39%. Year to date, AVLV is up 21.50% versus a gain of 19.75% for DFLV.
Over three years, AVLV compounded at +22.16% per year against +20.43% for DFLV. Across the full 4-year window we track, AVLV has the edge at +18.49% annualized vs +15.96%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVLV has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 13.2% for DFLV. 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 -19.5% for AVLV and -16.8% for DFLV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AVLV charges 0.15% per year while DFLV charges 0.22%. On a $10,000 position that is $15 vs $22 annually, a gap of $7 per year that compounds over a long holding period. On income, AVLV currently yields 1.14% against 1.41% for DFLV.
Holdings Overlap
60.8% of AVLV's money is in holdings DFLV also owns. 51.1% of DFLV's money is in holdings AVLV also owns.
The two portfolios partly overlap.
118 positions in common, counted across the 304 positions we hold weights for in AVLV and 335 in DFLV, against full books of 601 and 339.
What only one of them owns
Our book lists 173 positions for DFLV that do not appear in our book for AVLV (46.9% of the fund), and 167 for AVLV that do not appear in DFLV (39.1%).
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 AVLV | Weight in DFLV | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 2.61% | 4.70% | 2.09% |
| AMZNAmazon.Com Inc | 2.93% | 4.34% | 1.41% |
| XOMExxonmobil Corp. | 2.42% | 3.69% | 1.27% |
| METAMeta Platforms Inc | 3.48% | 2.08% | 1.40% |
| MUMicron Technology, Inc. | 3.45% | 1.37% | 2.08% |
| VZVerizon Communic | 1.60% | 1.24% | 0.36% |
| CVXChevron Corp | 0.87% | 1.96% | 1.09% |
| MSMorgan Stanley | 1.43% | 1.10% | 0.33% |
| WFCWells Fargo & Co. | 1.32% | 1.12% | 0.20% |
| COPConocophillips Common Stock USD 0.01 | 1.13% | 1.00% | 0.13% |
60.8% of AVLV is already inside DFLV.
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, AVLV or DFLV?
AVLV has an expense ratio of 0.15% while DFLV charges 0.22%. AVLV is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, AVLV or DFLV?
Over the past year AVLV returned +30.84% vs +27.39% for DFLV, so AVLV leads on 1-year performance. Over the longest common window we track (4 years), AVLV annualized +18.49% vs +15.96% for DFLV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVLV or DFLV?
AVLV has been the more volatile fund at 13.6% annualized versus 13.2% for DFLV. Worst drawdown: AVLV -19.5% vs DFLV -16.8%.
Should I hold both AVLV and DFLV?
AVLV and DFLV have a monthly-return correlation of 0.96, 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 AVLV and DFLV?
60.8% of AVLV's money is in holdings DFLV also owns. 51.1% of DFLV's is in holdings AVLV also owns. They hold 118 positions in common, counted across the 304 positions we hold weights for in AVLV and 335 in DFLV.
Which pays a higher dividend, AVLV or DFLV?
AVLV yields 1.14% while DFLV yields 1.41%, so DFLV currently pays the higher dividend yield.
Is DFLV better than AVLV?
AVLV has a lower expense ratio. AVLV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.96. DFLV is less concentrated, with 25.0% of the fund in its ten largest positions against 27.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.