DFLV vs FLCV
Dimensional US Large Cap Value ETF vs Federated Hermes MDT Large Cap Value ETF
Which is better, DFLV or FLCV?
Each has led over a different period.
DFLV has a lower expense ratio. DFLV led over 1Y, FLCV over the full window. The two have moved almost in lockstep, correlation 0.91. DFLV is less concentrated, with 25.0% of the fund in its ten largest positions against 31.0%.
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 | FLCV |
|---|---|---|
| Expense Ratio | 0.22%Best | 0.32% |
| AUM | $7.2B | $211M |
| Dividend Yield | 1.41% | 0.72% |
| Holdings | 339 | 252 |
| YTD Return | +19.75%Best | +18.52% |
| 1Y Return | +27.39%Best | +23.69% |
| 3Y Return (annualized) | +20.43% | - |
| Volatility (annualized) | 11.6%Tie | 11.6%Tie |
| Max Drawdown | -16.8% | -15.9%Best |
| $10,000 over 2.2 years | $14,028 | $14,646Best |
| Top 10 Weight | 25.0%Best | 31.0% |
| Fund Family | Dimensional | Federated Hermes |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 6, 2022 | Jul 30, 2024 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 31, 2024 to Oct 14, 2026 (2.2 years).
DFLV vs FLCV 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 2.2 years both funds cover.
DFLV vs FLCV Performance
Dimensional US Large Cap Value ETF (DFLV) is an ETF from Dimensional and Federated Hermes MDT Large Cap Value ETF (FLCV) is an ETF from Federated Hermes. Over the past year DFLV returned +27.39% while FLCV returned +23.69%. Year to date, DFLV is up 19.75% versus a gain of 18.52% for FLCV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFLV and FLCV have been equally volatile, both at 11.6% annualized.
The deepest peak-to-trough decline in our data was -16.8% for DFLV and -15.9% for FLCV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. 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 FLCV charges 0.32%. On a $10,000 position that is $22 vs $32 annually, a gap of $10 per year that compounds over a long holding period. On income, DFLV currently yields 1.41% against 0.72% for FLCV.
Holdings Overlap
42.3% of DFLV's money is in holdings FLCV also owns. 54.9% of FLCV's money is in holdings DFLV also owns.
The two portfolios partly overlap.
63 positions in common, counted across the 335 positions we hold weights for in DFLV and 126 in FLCV, against full books of 339 and 252.
What only one of them owns
Our book lists 63 positions for FLCV that do not appear in our book for DFLV (45.1% of the fund), and 213 for DFLV that do not appear in FLCV (55.2%).
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 FLCV | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 4.34% | 5.80% | 1.46% |
| JPMJpmorgan Chase | 4.70% | 1.78% | 2.92% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 3.69% | 1.65% | 2.04% |
| JNJJohnson & Johnson - Common | 2.34% | 1.59% | 0.75% |
| TRVThe Travelers Cos, Inc. | 0.86% | 2.01% | 1.15% |
| CVXChevron Corp | 1.96% | 0.62% | 1.34% |
| RTXRaytheon Co. | 1.05% | 1.44% | 0.39% |
| UNHUnitedhealth Group Incorporated | 1.42% | 0.99% | 0.43% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.72% | 1.58% | 0.86% |
| STTState Street Corp. | 0.40% | 1.90% | 1.50% |
54.9% of FLCV 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 FLCV?
DFLV has an expense ratio of 0.22% while FLCV charges 0.32%. DFLV is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, DFLV or FLCV?
Over the past year DFLV returned +27.39% vs +23.69% for FLCV, so DFLV leads on 1-year performance. Over the longest common window we track (2 years), DFLV annualized +16.63% vs +18.94% for FLCV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFLV or FLCV?
DFLV and FLCV have been equally volatile, both at 11.6% annualized. Worst drawdown: DFLV -16.8% vs FLCV -15.9%.
Should I hold both DFLV and FLCV?
DFLV and FLCV have a monthly-return correlation of 0.91, 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 FLCV?
54.9% of FLCV's money is in holdings DFLV also owns. 54.9% of FLCV's is in holdings DFLV also owns. They hold 63 positions in common, counted across the 335 positions we hold weights for in DFLV and 126 in FLCV.
Which pays a higher dividend, DFLV or FLCV?
DFLV yields 1.41% while FLCV yields 0.72%, so DFLV currently pays the higher dividend yield.
Is FLCV better than DFLV?
DFLV has a lower expense ratio. DFLV led over 1Y, FLCV over the full window. The two have moved almost in lockstep, correlation 0.91. DFLV is less concentrated, with 25.0% of the fund in its ten largest positions against 31.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.