BKDV vs DFLV
BNY Mellon Dynamic Value ETF vs Dimensional US Large Cap Value ETF
Which is better, BKDV or DFLV?
Nearly the same fund. DFLV costs less.
DFLV has a lower expense ratio. BKDV led over the full window, DFLV over 1Y. 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 33.5%.
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 | BKDV | DFLV |
|---|---|---|
| Expense Ratio | 0.60% | 0.22%Best |
| AUM | $2.2B | $7.2B |
| Dividend Yield | 0.53% | 1.41% |
| Holdings | 84 | 339 |
| YTD Return | +17.11% | +19.75%Best |
| 1Y Return | +23.83% | +27.39%Best |
| 3Y Return (annualized) | - | +20.43% |
| Volatility (annualized) | 11.8%Best | 12.0% |
| Max Drawdown | -15.5%Best | -16.8% |
| $10,000 over 1.9 years | $13,788Best | $13,740 |
| Top 10 Weight | 33.5% | 25.0%Best |
| Fund Family | BNY Mellon Investment Management | Dimensional |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 1, 2024 | Dec 6, 2022 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 4, 2024 to Oct 14, 2026 (1.9 years).
BKDV 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 1.9 years both funds cover.
BKDV vs DFLV Performance
BNY Mellon Dynamic Value ETF (BKDV) is an ETF from BNY Mellon Investment Management and Dimensional US Large Cap Value ETF (DFLV) is an ETF from Dimensional. Over the past year BKDV returned +23.83% while DFLV returned +27.39%. Year to date, BKDV is up 17.11% versus a gain of 19.75% for DFLV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFLV has been the more volatile fund, with annualized monthly volatility of 12.0% compared with 11.8% for BKDV. 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 -15.5% for BKDV 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
BKDV charges 0.60% per year while DFLV charges 0.22%. On a $10,000 position that is $60 vs $22 annually, a gap of $38 per year that compounds over a long holding period. On income, BKDV currently yields 0.53% against 1.41% for DFLV.
Holdings Overlap
68.4% of BKDV's money is in holdings DFLV also owns. 40.0% of DFLV's money is in holdings BKDV also owns.
The two portfolios partly overlap.
54 positions in common, counted across the 79 positions we hold weights for in BKDV and 335 in DFLV, against full books of 84 and 339.
What only one of them owns
Our book lists 220 positions for DFLV that do not appear in our book for BKDV (58.1% of the fund), and 25 for BKDV that do not appear in DFLV (31.5%).
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 BKDV | Weight in DFLV | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 6.02% | 4.34% | 1.68% |
| JPMJpmorgan Chase | 4.03% | 4.70% | 0.67% |
| JNJJohnson & Johnson - Common | 2.74% | 2.34% | 0.40% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 2.58% | 1.88% | 0.70% |
| UNHUnitedhealth Group Incorporated | 2.65% | 1.42% | 1.23% |
| SLBSchlumberger Nv. | 2.62% | 0.83% | 1.79% |
| TMOThermo Fisherscientific Inc. | 2.10% | 0.87% | 1.23% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.21% | 0.72% | 1.49% |
| METAMeta Platforms Inc | 0.79% | 2.08% | 1.29% |
| NEMNewmont Corp Common | 1.63% | 1.01% | 0.62% |
68.4% of BKDV 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, BKDV or DFLV?
BKDV has an expense ratio of 0.60% while DFLV charges 0.22%. DFLV is the cheaper option, by $38 a year on a $10,000 investment.
Which performed better, BKDV or DFLV?
Over the past year BKDV returned +23.83% vs +27.39% for DFLV, so DFLV leads on 1-year performance. Over the longest common window we track (2 years), BKDV annualized +18.42% vs +18.20% for DFLV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BKDV or DFLV?
DFLV has been the more volatile fund at 12.0% annualized versus 11.8% for BKDV. Worst drawdown: BKDV -15.5% vs DFLV -16.8%.
Should I hold both BKDV and DFLV?
BKDV 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 BKDV and DFLV?
68.4% of BKDV's money is in holdings DFLV also owns. 40.0% of DFLV's is in holdings BKDV also owns. They hold 54 positions in common, counted across the 79 positions we hold weights for in BKDV and 335 in DFLV.
Which pays a higher dividend, BKDV or DFLV?
BKDV yields 0.53% while DFLV yields 1.41%, so DFLV currently pays the higher dividend yield.
Is DFLV better than BKDV?
DFLV has a lower expense ratio. BKDV led over the full window, DFLV over 1Y. 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 33.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.