DFLV vs FELV
Dimensional US Large Cap Value ETF vs Fidelity Enhanced Large Cap Value ETF
Which is better, DFLV or FELV?
Nearly the same fund. FELV costs less.
FELV has a lower expense ratio. FELV 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 30.1%.
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 | FELV |
|---|---|---|
| Expense Ratio | 0.22% | 0.18%Best |
| AUM | $7.2B | $3.4B |
| Dividend Yield | 1.41% | 1.43% |
| Holdings | 339 | 364 |
| YTD Return | +19.75% | +22.64%Best |
| 1Y Return | +27.39% | +29.22%Best |
| 3Y Return (annualized) | +20.43% | +21.98%Best |
| Volatility (annualized) | 11.9% | 11.6%Best |
| Max Drawdown | -16.8% | -16.1%Best |
| $10,000 over 2.9 years | $17,066 | $17,793Best |
| Top 10 Weight | 25.0%Best | 30.1% |
| Fund Family | Dimensional | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 6, 2022 | Nov 20, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 20, 2023 to Oct 14, 2026 (2.9 years).
DFLV vs FELV 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 2.9 years both funds cover.
DFLV vs FELV Performance
Dimensional US Large Cap Value ETF (DFLV) is an ETF from Dimensional and Fidelity Enhanced Large Cap Value ETF (FELV) is an ETF from Fidelity Investments (US). Over the past year DFLV returned +27.39% while FELV returned +29.22%. Year to date, DFLV is up 19.75% versus a gain of 22.64% for FELV.
Over three years, DFLV compounded at +20.43% per year against +21.98% for FELV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFLV has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 11.6% for FELV. 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 -16.1% for FELV. 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
DFLV charges 0.22% per year while FELV charges 0.18%. On a $10,000 position that is $22 vs $18 annually, a gap of $4 per year that compounds over a long holding period. On income, DFLV currently yields 1.41% against 1.43% for FELV.
Holdings Overlap
75.9% of DFLV's money is in holdings FELV also owns. 58.7% of FELV's money is in holdings DFLV also owns.
Most of DFLV is already inside FELV. Owning both mostly buys the same companies twice.
166 positions in common, counted across the 335 positions we hold weights for in DFLV and 389 in FELV, against full books of 339 and 364.
What only one of them owns
Our book lists 186 positions for FELV that do not appear in our book for DFLV (39.7% of the fund), and 117 for DFLV that do not appear in FELV (21.1%).
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 DFLV | Weight in FELV | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 4.34% | 6.20% | 1.86% |
| JPMJpmorgan Chase | 4.70% | 2.62% | 2.08% |
| XOMExxonmobil Corp. | 3.69% | 1.91% | 1.78% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.88% | 3.04% | 1.16% |
| JNJJohnson & Johnson - Common | 2.34% | 1.29% | 1.05% |
| CVXChevron Corp | 1.96% | 1.21% | 0.75% |
| METAMeta Platforms Inc | 2.08% | 0.63% | 1.45% |
| UNHUnitedhealth Group Incorporated | 1.42% | 1.23% | 0.19% |
| INTCIntel Corporation | 1.01% | 1.44% | 0.43% |
| PGProcter & Gamble Company | 1.20% | 0.99% | 0.21% |
75.9% of DFLV is already inside FELV.
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 FELV?
DFLV has an expense ratio of 0.22% while FELV charges 0.18%. FELV is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, DFLV or FELV?
Over the past year DFLV returned +27.39% vs +29.22% for FELV, so FELV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFLV or FELV?
DFLV has been the more volatile fund at 11.9% annualized versus 11.6% for FELV. Worst drawdown: DFLV -16.8% vs FELV -16.1%.
Should I hold both DFLV and FELV?
DFLV and FELV 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 DFLV and FELV?
75.9% of DFLV's money is in holdings FELV also owns. 58.7% of FELV's is in holdings DFLV also owns. They hold 166 positions in common, counted across the 335 positions we hold weights for in DFLV and 389 in FELV.
Which pays a higher dividend, DFLV or FELV?
DFLV yields 1.41% while FELV yields 1.43%, so FELV currently pays the higher dividend yield.
Is FELV better than DFLV?
FELV has a lower expense ratio. FELV 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 30.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.