DFLV vs PJFV
Dimensional US Large Cap Value ETF vs PGIM Jennison Focused Value ETF
Which is better, DFLV or PJFV?
PJFV has been ahead.
DFLV has a lower expense ratio. PJFV led over 1Y, 3Y and the full window. DFLV is less concentrated, with 25.0% of the fund in its ten largest positions against 41.1%.
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 | PJFV |
|---|---|---|
| Expense Ratio | 0.22%Best | 0.33% |
| AUM | $7.2B | $183M |
| Dividend Yield | 1.41% | 0.57% |
| Holdings | 339 | 37 |
| YTD Return | +19.75% | +20.68%Best |
| 1Y Return | +27.39% | +27.75%Best |
| 3Y Return (annualized) | +20.43% | +24.90%Best |
| Volatility (annualized) | 13.2% | 11.7%Best |
| Max Drawdown | -16.8%Best | -18.1% |
| $10,000 over 3.8 years | $17,433 | $20,686Best |
| Top 10 Weight | 25.0%Best | 41.1% |
| Fund Family | Dimensional | PGIM Investments |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 6, 2022 | Dec 12, 2022 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Dec 14, 2022 to Oct 14, 2026 (3.8 years).
DFLV vs PJFV 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 PJFV Performance
Dimensional US Large Cap Value ETF (DFLV) is an ETF from Dimensional and PGIM Jennison Focused Value ETF (PJFV) is an ETF from PGIM Investments. Over the past year DFLV returned +27.39% while PJFV returned +27.75%. Year to date, DFLV is up 19.75% versus a gain of 20.68% for PJFV.
Over three years, DFLV compounded at +20.43% per year against +24.90% for PJFV. Across the full 4-year window we track, PJFV has the edge at +21.08% annualized vs +15.75%.
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 11.7% for PJFV. 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 -18.1% for PJFV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFLV charges 0.22% per year while PJFV charges 0.33%. On a $10,000 position that is $22 vs $33 annually, a gap of $11 per year that compounds over a long holding period. On income, DFLV currently yields 1.41% against 0.57% for PJFV.
Holdings Overlap
21.4% of DFLV's money is in holdings PJFV also owns. 40.8% of PJFV's money is in holdings DFLV also owns.
The two portfolios partly overlap.
15 positions in common, counted across the 335 positions we hold weights for in DFLV and 35 in PJFV, against full books of 339 and 37.
What only one of them owns
Our book lists 16 positions for PJFV that do not appear in our book for DFLV (48.1% of the fund), and 257 for DFLV that do not appear in PJFV (76.0%).
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 PJFV | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 4.34% | 4.67% | 0.33% |
| JPMJpmorgan Chase | 4.70% | 4.28% | 0.42% |
| XOMExxonmobil Corp. | 3.69% | 4.01% | 0.32% |
| METAMeta Platforms Inc | 2.08% | 2.38% | 0.30% |
| WFCWells Fargo & Co. | 1.12% | 2.69% | 1.57% |
| TOLToll Bros Inc | 0.02% | 3.20% | 3.18% |
| METMetlife Inc. | 0.64% | 2.55% | 1.91% |
| GSGoldman Sachs Group Inc/The | 1.11% | 2.07% | 0.96% |
| BACBank of America Corp.: Financials | 0.88% | 2.21% | 1.33% |
| GMGeneral Motors Co | 0.86% | 2.23% | 1.37% |
40.8% of PJFV 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.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DFLV or PJFV?
DFLV has an expense ratio of 0.22% while PJFV charges 0.33%. DFLV is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, DFLV or PJFV?
Over the past year DFLV returned +27.39% vs +27.75% for PJFV, so PJFV leads on 1-year performance. Over the longest common window we track (4 years), DFLV annualized +15.75% vs +21.08% for PJFV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFLV or PJFV?
DFLV has been the more volatile fund at 13.2% annualized versus 11.7% for PJFV. Worst drawdown: DFLV -16.8% vs PJFV -18.1%.
Should I hold both DFLV and PJFV?
DFLV and PJFV have a monthly-return correlation of 0.87, 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 PJFV?
40.8% of PJFV's money is in holdings DFLV also owns. 40.8% of PJFV's is in holdings DFLV also owns. They hold 15 positions in common, counted across the 335 positions we hold weights for in DFLV and 35 in PJFV.
Which pays a higher dividend, DFLV or PJFV?
DFLV yields 1.41% while PJFV yields 0.57%, so DFLV currently pays the higher dividend yield.
Is PJFV better than DFLV?
DFLV has a lower expense ratio. PJFV led over 1Y, 3Y and the full window. DFLV is less concentrated, with 25.0% of the fund in its ten largest positions against 41.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.