DFLV vs JAVA
Dimensional US Large Cap Value ETF vs JPMorgan Active Value ETF
Which is better, DFLV or JAVA?
Nearly the same fund. DFLV costs less.
DFLV has a lower expense ratio. DFLV led over 1Y, 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 29.8%.
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 | JAVA |
|---|---|---|
| Expense Ratio | 0.22%Best | 0.44% |
| AUM | $7.2B | $7.4B |
| Dividend Yield | 1.41% | 1.19% |
| Holdings | 339 | 153 |
| YTD Return | +19.75%Best | +13.15% |
| 1Y Return | +27.39%Best | +20.54% |
| 3Y Return (annualized) | +20.43%Best | +18.31% |
| 5Y Return (annualized) | - | +11.63% |
| Volatility (annualized) | 13.2% | 12.3%Best |
| Max Drawdown | -16.8% | -16.5%Best |
| $10,000 over 3.9 years | $17,816Best | $16,721 |
| Top 10 Weight | 25.0%Best | 29.8% |
| Fund Family | Dimensional | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 6, 2022 | Oct 4, 2021 |
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 JAVA 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 JAVA Performance
Dimensional US Large Cap Value ETF (DFLV) is an ETF from Dimensional and JPMorgan Active Value ETF (JAVA) is an ETF from J.P. Morgan Asset Management. Over the past year DFLV returned +27.39% while JAVA returned +20.54%. Year to date, DFLV is up 19.75% versus a gain of 13.15% for JAVA.
Over three years, DFLV compounded at +20.43% per year against +18.31% for JAVA. Across the full 4-year window we track, DFLV has the edge at +15.96% annualized vs +14.09%.
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 12.3% for JAVA. 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 -16.5% for JAVA. 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 JAVA charges 0.44%. On a $10,000 position that is $22 vs $44 annually, a gap of $22 per year that compounds over a long holding period. On income, DFLV currently yields 1.41% against 1.19% for JAVA.
Holdings Overlap
48.4% of DFLV's money is in holdings JAVA also owns. 58.4% of JAVA's money is in holdings DFLV also owns.
The two portfolios partly overlap.
78 positions in common, counted across the 335 positions we hold weights for in DFLV and 151 in JAVA, against full books of 339 and 153.
What only one of them owns
Our book lists 72 positions for JAVA that do not appear in our book for DFLV (41.3% of the fund), and 197 for DFLV that do not appear in JAVA (49.1%).
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 JAVA | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 4.34% | 7.63% | 3.29% |
| XOMExxon Mobil Corp | 3.69% | 0.65% | 3.04% |
| METAMeta Platforms, Inc. | 2.08% | 1.60% | 0.48% |
| JNJJohnson & Johnson - Common | 2.34% | 1.26% | 1.08% |
| WFCWells Fargo And Co Preferred Stock Var | 1.12% | 2.13% | 1.01% |
| CVXChevron Corp | 1.96% | 1.21% | 0.75% |
| BACBank Amer Secs Inc | 0.88% | 2.19% | 1.31% |
| COPConocophillips | 1.00% | 1.77% | 0.77% |
| UNHUnitedhealth Group Inc. | 1.42% | 1.18% | 0.24% |
| MSMorgan Stanley | 1.10% | 1.26% | 0.16% |
58.4% of JAVA 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 JAVA?
DFLV has an expense ratio of 0.22% while JAVA charges 0.44%. DFLV is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, DFLV or JAVA?
Over the past year DFLV returned +27.39% vs +20.54% for JAVA, so DFLV leads on 1-year performance. Over the longest common window we track (4 years), DFLV annualized +15.96% vs +14.09% for JAVA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFLV or JAVA?
DFLV has been the more volatile fund at 13.2% annualized versus 12.3% for JAVA. Worst drawdown: DFLV -16.8% vs JAVA -16.5%.
Should I hold both DFLV and JAVA?
DFLV and JAVA 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 JAVA?
58.4% of JAVA's money is in holdings DFLV also owns. 58.4% of JAVA's is in holdings DFLV also owns. They hold 78 positions in common, counted across the 335 positions we hold weights for in DFLV and 151 in JAVA.
Which pays a higher dividend, DFLV or JAVA?
DFLV yields 1.41% while JAVA yields 1.19%, so DFLV currently pays the higher dividend yield.
Is JAVA 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 0.97. DFLV is less concentrated, with 25.0% of the fund in its ten largest positions against 29.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.