DFLV vs IWD
Dimensional US Large Cap Value ETF vs iShares Russell 1000 Value ETF
Which is better, DFLV or IWD?
Nearly the same fund. IWD costs less.
IWD has a lower expense ratio. DFLV led over 1Y, IWD over 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. DFLV is less concentrated, with 25.0% of the fund in its ten largest positions against 29.7%.
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 | IWD |
|---|---|---|
| Expense Ratio | 0.22% | 0.18%Best |
| AUM | $7.2B | $83.2B |
| Dividend Yield | 1.41% | 1.43% |
| Holdings | 339 | 869 |
| YTD Return | +19.75% | +21.07%Best |
| 1Y Return | +27.39%Best | +27.09% |
| 3Y Return (annualized) | +20.43% | +20.91%Best |
| 5Y Return (annualized) | - | +11.56% |
| Volatility (annualized) | 13.2% | 12.6%Best |
| Max Drawdown | -16.8% | -15.7%Best |
| $10,000 over 3.9 years | $17,816 | $17,942Best |
| Top 10 Weight | 25.0%Best | 29.7% |
| Fund Family | Dimensional | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 6, 2022 | May 22, 2000 |
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 IWD 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 IWD Performance
Dimensional US Large Cap Value ETF (DFLV) is an ETF from Dimensional and iShares Russell 1000 Value ETF (IWD) is an ETF from iShares by BlackRock (US). Over the past year DFLV returned +27.39% while IWD returned +27.09%. Year to date, DFLV is up 19.75% versus a gain of 21.07% for IWD.
Over three years, DFLV compounded at +20.43% per year against +20.91% for IWD. Across the full 4-year window we track, IWD has the edge at +16.17% annualized vs +15.96%.
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 12.6% for IWD. 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 -15.7% for IWD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. 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 IWD 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 IWD.
Holdings Overlap
91.7% of DFLV's money is in holdings IWD also owns. 57.3% of IWD's money is in holdings DFLV also owns.
Most of DFLV is already inside IWD. Owning both mostly buys the same companies twice.
303 positions in common, counted across the 335 positions we hold weights for in DFLV and 871 in IWD, against full books of 339 and 869.
What only one of them owns
Our book lists 495 positions for IWD that do not appear in our book for DFLV (41.4% of the fund), and 10 for DFLV that do not appear in IWD (4.9%).
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 IWD | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 4.34% | 6.06% | 1.72% |
| JPMJpmorgan Chase | 4.70% | 2.45% | 2.25% |
| XOMExxonmobil Corp. | 3.69% | 1.85% | 1.84% |
| JNJJohnson & Johnson - Common | 2.34% | 1.71% | 0.63% |
| CVXChevron Corp | 1.96% | 1.05% | 0.91% |
| METAMeta Platforms Inc | 2.08% | 0.80% | 1.28% |
| INTCIntel Corporation | 1.01% | 1.50% | 0.49% |
| UNHUnitedhealth Group Incorporated | 1.42% | 0.91% | 0.51% |
| MRKMerck & Company Inc | 1.20% | 0.98% | 0.22% |
| PGProcter & Gamble Company | 1.20% | 0.92% | 0.28% |
91.7% of DFLV is already inside IWD.
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 IWD?
DFLV has an expense ratio of 0.22% while IWD charges 0.18%. IWD is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, DFLV or IWD?
Over the past year DFLV returned +27.39% vs +27.09% for IWD, so DFLV leads on 1-year performance. Over the longest common window we track (4 years), DFLV annualized +15.96% vs +16.17% for IWD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFLV or IWD?
DFLV has been the more volatile fund at 13.2% annualized versus 12.6% for IWD. Worst drawdown: DFLV -16.8% vs IWD -15.7%.
Should I hold both DFLV and IWD?
DFLV and IWD have a monthly-return correlation of 0.97, 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 IWD?
91.7% of DFLV's money is in holdings IWD also owns. 57.3% of IWD's is in holdings DFLV also owns. They hold 303 positions in common, counted across the 335 positions we hold weights for in DFLV and 871 in IWD.
Which pays a higher dividend, DFLV or IWD?
DFLV yields 1.41% while IWD yields 1.43%, so IWD currently pays the higher dividend yield.
Is IWD better than DFLV?
IWD has a lower expense ratio. DFLV led over 1Y, IWD over 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. DFLV is less concentrated, with 25.0% of the fund in its ten largest positions against 29.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.