DFLV vs FBCV
Dimensional US Large Cap Value ETF vs Fidelity Blue Chip Value ETF
Which is better, DFLV or FBCV?
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 0.93. DFLV is less concentrated, with 25.0% of the fund in its ten largest positions against 33.3%.
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 | DFLV | FBCV |
|---|---|---|
| Expense Ratio | 0.22%Best | 0.57% |
| AUM | $7.2B | $184M |
| Dividend Yield | 1.41% | 1.25% |
| Holdings | 339 | 127 |
| YTD Return | +19.75%Best | +18.42% |
| 1Y Return | +27.39%Best | +24.20% |
| 3Y Return (annualized) | +20.43%Best | +16.61% |
| 5Y Return (annualized) | - | +10.11% |
| Volatility (annualized) | 13.2% | 11.1%Best |
| Max Drawdown | -16.8% | -14.3%Best |
| $10,000 over 3.9 years | $17,816Best | $15,765 |
| Top 10 Weight | 25.0%Best | 33.3% |
| Fund Family | Dimensional | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 6, 2022 | Jun 2, 2020 |
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).
DFLV vs FBCV 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.
DFLV vs FBCV Performance
Dimensional US Large Cap Value ETF (DFLV) is an ETF from Dimensional and Fidelity Blue Chip Value ETF (FBCV) is an ETF from Fidelity Investments (US). Over the past year DFLV returned +27.39% while FBCV returned +24.20%. Year to date, DFLV is up 19.75% versus a gain of 18.42% for FBCV.
Over three years, DFLV compounded at +20.43% per year against +16.61% for FBCV. Across the full 4-year window we track, DFLV has the edge at +15.96% annualized vs +12.38%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFLV has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 11.1% for FBCV. 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 -14.3% for FBCV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. 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 FBCV charges 0.57%. On a $10,000 position that is $22 vs $57 annually, a gap of $35 per year that compounds over a long holding period. On income, DFLV currently yields 1.41% against 1.25% for FBCV.
Holdings Overlap
39.5% of DFLV's money is in holdings FBCV also owns. 58.3% of FBCV's money is in holdings DFLV also owns.
The two portfolios partly overlap.
The two holdings books were reported 46 days apart, DFLV as of Sep 15, 2026 and FBCV as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
72 positions in common, counted across the 335 positions we hold weights for in DFLV and 133 in FBCV, against full books of 339 and 127.
What only one of them owns
Our book lists 48 positions for FBCV that do not appear in our book for DFLV (32.9% of the fund), and 207 for DFLV that do not appear in FBCV (58.7%).
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 FBCV | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 4.34% | 7.46% | 3.12% |
| XOMExxonmobil Corp. | 3.69% | 3.37% | 0.32% |
| BACBank of America Corp.: Financials | 0.88% | 2.64% | 1.76% |
| MRKMerck & Company Inc | 1.20% | 2.30% | 1.10% |
| METAMeta Platforms Inc | 2.08% | 1.04% | 1.04% |
| TRVThe Travelers Cos, Inc. | 0.86% | 2.10% | 1.24% |
| UNHUnitedhealth Group Incorporated | 1.42% | 1.45% | 0.03% |
| COPConocophillips Common Stock USD 0.01 | 1.00% | 1.79% | 0.79% |
| WFCWells Fargo & Co. | 1.12% | 1.31% | 0.19% |
| PGProcter & Gamble Company | 1.20% | 1.11% | 0.09% |
58.3% of FBCV 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.
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Frequently Asked Questions
Which is cheaper, DFLV or FBCV?
DFLV has an expense ratio of 0.22% while FBCV charges 0.57%. DFLV is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, DFLV or FBCV?
Over the past year DFLV returned +27.39% vs +24.20% for FBCV, so DFLV leads on 1-year performance. Over the longest common window we track (4 years), DFLV annualized +15.96% vs +12.38% for FBCV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFLV or FBCV?
DFLV has been the more volatile fund at 13.2% annualized versus 11.1% for FBCV. Worst drawdown: DFLV -16.8% vs FBCV -14.3%.
Should I hold both DFLV and FBCV?
DFLV and FBCV have a monthly-return correlation of 0.93, 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 FBCV?
58.3% of FBCV's money is in holdings DFLV also owns. 58.3% of FBCV's is in holdings DFLV also owns. They hold 72 positions in common, counted across the 335 positions we hold weights for in DFLV and 133 in FBCV.
Which pays a higher dividend, DFLV or FBCV?
DFLV yields 1.41% while FBCV yields 1.25%, so DFLV currently pays the higher dividend yield.
Is FBCV 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 0.93. DFLV is less concentrated, with 25.0% of the fund in its ten largest positions against 33.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.