DFLV vs DIVL
Dimensional US Large Cap Value ETF vs Madison Dividend Value ETF
Which is better, DFLV or DIVL?
DFLV has been ahead.
DFLV has a lower expense ratio. DFLV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.90. DFLV is less concentrated, with 25.0% of the fund in its ten largest positions against 41.2%.
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 | DFLV | DIVL |
|---|---|---|
| Expense Ratio | 0.22%Best | 0.65% |
| AUM | $7.2B | $61M |
| Dividend Yield | 1.41% | 1.83% |
| Holdings | 339 | 40 |
| YTD Return | +19.75%Best | +10.65% |
| 1Y Return | +27.39%Best | +12.67% |
| 3Y Return (annualized) | +20.43%Best | +12.06% |
| Volatility (annualized) | 12.6% | 12.0%Best |
| Max Drawdown | -16.8% | -14.1%Best |
| $10,000 over 3.2 years | $16,970Best | $13,610 |
| Top 10 Weight | 25.0%Best | 41.2% |
| Fund Family | Dimensional | Madison Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 6, 2022 | Aug 14, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Aug 15, 2023 to Oct 14, 2026 (3.2 years).
DFLV vs DIVL 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 3.2 years both funds cover.
DFLV vs DIVL Performance
Dimensional US Large Cap Value ETF (DFLV) is an ETF from Dimensional and Madison Dividend Value ETF (DIVL) is an ETF from Madison Funds. Over the past year DFLV returned +27.39% while DIVL returned +12.67%. Year to date, DFLV is up 19.75% versus a gain of 10.65% for DIVL.
Over three years, DFLV compounded at +20.43% per year against +12.06% for DIVL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFLV has been the more volatile fund, with annualized monthly volatility of 12.6% compared with 12.0% for DIVL. 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 -16.8% for DFLV and -14.1% for DIVL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DFLV charges 0.22% per year while DIVL charges 0.65%. On a $10,000 position that is $22 vs $65 annually, a gap of $43 per year that compounds over a long holding period. On income, DFLV currently yields 1.41% against 1.83% for DIVL.
Holdings Overlap
21.9% of DFLV's money is in holdings DIVL also owns. 56.7% of DIVL's money is in holdings DFLV also owns.
The two portfolios partly overlap.
20 positions in common, counted across the 335 positions we hold weights for in DFLV and 37 in DIVL, against full books of 339 and 40.
What only one of them owns
Our book lists 16 positions for DIVL that do not appear in our book for DFLV (41.9% of the fund), and 252 for DFLV that do not appear in DIVL (75.6%).
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 DFLV | Weight in DIVL | Difference |
|---|---|---|---|
| XOMExxonmobil Corp. | 3.69% | 5.26% | 1.57% |
| JNJJohnson & Johnson - Common | 2.34% | 5.57% | 3.23% |
| JPMJpmorgan Chase | 4.70% | 2.77% | 1.93% |
| CVXChevron Corp | 1.96% | 5.27% | 3.31% |
| PGProcter & Gamble Company | 1.20% | 3.38% | 2.18% |
| COPConocophillips Common Stock USD 0.01 | 1.00% | 3.56% | 2.56% |
| ADIAnalog Devices, Inc. | 0.70% | 3.51% | 2.81% |
| CMEC M E Group Inc. | 0.03% | 3.76% | 3.73% |
| BACBank of America Corp.: Financials | 0.88% | 2.64% | 1.76% |
| SLBSchlumberger Nv. | 0.83% | 2.57% | 1.74% |
56.7% of DIVL 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, DFLV or DIVL?
DFLV has an expense ratio of 0.22% while DIVL charges 0.65%. DFLV is the cheaper option, by $43 a year on a $10,000 investment.
Which performed better, DFLV or DIVL?
Over the past year DFLV returned +27.39% vs +12.67% for DIVL, so DFLV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFLV or DIVL?
DFLV has been the more volatile fund at 12.6% annualized versus 12.0% for DIVL. Worst drawdown: DFLV -16.8% vs DIVL -14.1%.
Should I hold both DFLV and DIVL?
DFLV and DIVL have a monthly-return correlation of 0.90, 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 DFLV and DIVL?
56.7% of DIVL's money is in holdings DFLV also owns. 56.7% of DIVL's is in holdings DFLV also owns. They hold 20 positions in common, counted across the 335 positions we hold weights for in DFLV and 37 in DIVL.
Which pays a higher dividend, DFLV or DIVL?
DFLV yields 1.41% while DIVL yields 1.83%, so DIVL currently pays the higher dividend yield.
Is DIVL better than DFLV?
DFLV has a lower expense ratio. DFLV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.90. DFLV is less concentrated, with 25.0% of the fund in its ten largest positions against 41.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.