DFLV vs TVAL
Dimensional US Large Cap Value ETF vs T. Rowe Price Value ETF
Which is better, DFLV or TVAL?
Nearly the same fund. DFLV costs less.
DFLV has a lower expense ratio. TVAL led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. 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 | TVAL |
|---|---|---|
| Expense Ratio | 0.22%Best | 0.33% |
| AUM | $7.2B | $1.1B |
| Dividend Yield | 1.41% | 0.97% |
| Holdings | 339 | 155 |
| YTD Return | +19.75% | +20.77%Best |
| 1Y Return | +27.39% | +27.42%Best |
| 3Y Return (annualized) | +20.43%Tie | +20.43%Tie |
| Volatility (annualized) | 12.6% | 12.2%Best |
| Max Drawdown | -16.8% | -15.8%Best |
| $10,000 over 3.3 years | $17,103 | $17,223Best |
| Top 10 Weight | 25.0%Best | 29.8% |
| Fund Family | Dimensional | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 6, 2022 | Jun 14, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Jun 15, 2023 to Oct 14, 2026 (3.3 years).
DFLV vs TVAL 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 3.3 years both funds cover.
DFLV vs TVAL Performance
Dimensional US Large Cap Value ETF (DFLV) is an ETF from Dimensional and T. Rowe Price Value ETF (TVAL) is an ETF from T.Rowe Price. Over the past year DFLV returned +27.39% while TVAL returned +27.42%. Year to date, DFLV is up 19.75% versus a gain of 20.77% for TVAL.
Over three years, DFLV compounded at +20.43% per year against +20.43% for TVAL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFLV has been the more volatile fund, with annualized monthly volatility of 12.6% compared with 12.2% for TVAL. 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 -15.8% for TVAL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. 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 TVAL 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 0.97% for TVAL.
Holdings Overlap
56.1% of DFLV's money is in holdings TVAL also owns. 58.2% of TVAL's money is in holdings DFLV also owns.
The two portfolios partly overlap.
81 positions in common, counted across the 335 positions we hold weights for in DFLV and 148 in TVAL, against full books of 339 and 155.
What only one of them owns
Our book lists 60 positions for TVAL that do not appear in our book for DFLV (37.4% of the fund), and 194 for DFLV that do not appear in TVAL (41.4%).
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 TVAL | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 4.34% | 6.50% | 2.16% |
| JPMJpmorgan Chase | 4.70% | 1.74% | 2.96% |
| XOMExxonmobil Corp. | 3.69% | 2.02% | 1.67% |
| JNJJohnson & Johnson - Common | 2.34% | 1.82% | 0.52% |
| COPConocophillips Common Stock USD 0.01 | 1.00% | 1.94% | 0.94% |
| PGProcter & Gamble Company | 1.20% | 1.59% | 0.39% |
| METAMeta Platforms Inc | 2.08% | 0.63% | 1.45% |
| CVXChevron Corp | 1.96% | 0.71% | 1.25% |
| UNHUnitedhealth Group Incorporated | 1.42% | 1.25% | 0.17% |
| LINLinde Plc Ordinary Shares | 1.21% | 1.29% | 0.08% |
58.2% of TVAL 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 TVAL?
DFLV has an expense ratio of 0.22% while TVAL charges 0.33%. DFLV is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, DFLV or TVAL?
Over the past year DFLV returned +27.39% vs +27.42% for TVAL, so TVAL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFLV or TVAL?
DFLV has been the more volatile fund at 12.6% annualized versus 12.2% for TVAL. Worst drawdown: DFLV -16.8% vs TVAL -15.8%.
Should I hold both DFLV and TVAL?
DFLV and TVAL have a monthly-return correlation of 0.96, 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 TVAL?
58.2% of TVAL's money is in holdings DFLV also owns. 58.2% of TVAL's is in holdings DFLV also owns. They hold 81 positions in common, counted across the 335 positions we hold weights for in DFLV and 148 in TVAL.
Which pays a higher dividend, DFLV or TVAL?
DFLV yields 1.41% while TVAL yields 0.97%, so DFLV currently pays the higher dividend yield.
Is TVAL better than DFLV?
DFLV has a lower expense ratio. TVAL led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. 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.