DFLV vs IVV
Dimensional US Large Cap Value ETF vs iShares Core S&P 500 ETF
Which is better, DFLV or IVV?
Large Cap Value against Large Cap Blend.
IVV has a lower expense ratio. DFLV led over 1Y, IVV over 3Y and the full window. DFLV is less concentrated, with 25.0% of the fund in its ten largest positions against 38.1%.
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 | IVV |
|---|---|---|
| Expense Ratio | 0.21% | 0.03%Best |
| AUM | $7.0B | $882.6B |
| Dividend Yield | 1.33% | 1.06% |
| Holdings | 339 | 508 |
| YTD Return | +19.86%Best | +14.84% |
| 1Y Return | +28.61%Best | +18.70% |
| 3Y Return (annualized) | +20.49% | +22.93%Best |
| 5Y Return (annualized) | - | +13.91% |
| Volatility (annualized) | 13.2% | 12.4%Best |
| Max Drawdown | -16.8%Best | -18.8% |
| $10,000 over 3.8 years | $17,577 | $20,712Best |
| Top 10 Weight | 25.0%Best | 38.1% |
| Fund Family | Dimensional | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Dec 6, 2022 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Dec 7, 2022 to Oct 13, 2026 (3.8 years).
DFLV vs IVV 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 3.8 years both funds cover.
DFLV vs IVV Performance
Dimensional US Large Cap Value ETF (DFLV) is an ETF from Dimensional and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year DFLV returned +28.61% while IVV returned +18.70%. Year to date, DFLV is up 19.86% versus a gain of 14.84% for IVV.
Over three years, DFLV compounded at +20.49% per year against +22.93% for IVV. Across the full 4-year window we track, IVV has the edge at +21.12% annualized vs +16.00%.
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 12.4% for IVV. 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 -18.8% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFLV charges 0.21% per year while IVV charges 0.03%. On a $10,000 position that is $21 vs $3 annually, a gap of $18 per year that compounds over a long holding period. On income, DFLV currently yields 1.33% against 1.06% for IVV.
Holdings Overlap
95.3% of DFLV's money is in holdings IVV also owns. 38.3% of IVV's money is in holdings DFLV also owns.
Most of DFLV is already inside IVV. Owning both mostly buys the same companies twice.
249 positions in common, counted across the 335 positions we hold weights for in DFLV and 505 in IVV, against full books of 339 and 508.
What only one of them owns
Our book lists 250 positions for IVV that do not appear in our book for DFLV (61.0% of the fund), and 48 for DFLV that do not appear in IVV (2.6%).
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 IVV | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 4.34% | 3.80% | 0.54% |
| JPMJpmorgan Chase | 4.70% | 1.44% | 3.26% |
| XOMExxon Mobil Corp. | 3.69% | 1.04% | 2.65% |
| METAMeta Platforms Inc | 2.08% | 2.15% | 0.07% |
| JNJJohnson & Johnson - Common | 2.34% | 0.97% | 1.37% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.88% | 1.42% | 0.46% |
| MUMicron Technology, Inc. | 1.37% | 1.66% | 0.29% |
| CVXChevron Corp | 1.96% | 0.61% | 1.35% |
| UNHUnitedhealth Group Incorporated | 1.42% | 0.52% | 0.90% |
| INTCIntel Corporation | 1.01% | 0.77% | 0.24% |
95.3% of DFLV is already inside IVV.
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 IVV?
DFLV has an expense ratio of 0.21% while IVV charges 0.03%. IVV is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, DFLV or IVV?
Over the past year DFLV returned +28.61% vs +18.70% for IVV, so DFLV leads on 1-year performance. Over the longest common window we track (4 years), DFLV annualized +16.00% vs +21.12% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFLV or IVV?
DFLV has been the more volatile fund at 13.2% annualized versus 12.4% for IVV. Worst drawdown: DFLV -16.8% vs IVV -18.8%.
Should I hold both DFLV and IVV?
DFLV and IVV have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DFLV and IVV?
95.3% of DFLV's money is in holdings IVV also owns. 38.3% of IVV's is in holdings DFLV also owns. They hold 249 positions in common, counted across the 335 positions we hold weights for in DFLV and 505 in IVV.
Which pays a higher dividend, DFLV or IVV?
DFLV yields 1.33% while IVV yields 1.06%, so DFLV currently pays the higher dividend yield.
Is IVV better than DFLV?
IVV has a lower expense ratio. DFLV led over 1Y, IVV over 3Y and the full window. DFLV is less concentrated, with 25.0% of the fund in its ten largest positions against 38.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.