DFLV vs VMAX
Dimensional US Large Cap Value ETF vs Hartford US Value ETF
Which is better, DFLV or VMAX?
Nearly the same fund. DFLV costs less.
DFLV has a lower expense ratio. DFLV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. VMAX is less concentrated, with 19.0% of the fund in its ten largest positions against 25.0%.
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 | VMAX |
|---|---|---|
| Expense Ratio | 0.22%Best | 0.29% |
| AUM | $7.2B | $3M |
| Dividend Yield | 1.41% | 2.17% |
| Holdings | 339 | 127 |
| YTD Return | +19.75%Best | +16.66% |
| 1Y Return | +27.39%Best | +21.02% |
| 3Y Return (annualized) | +20.43% | - |
| Volatility (annualized) | 11.7%Best | 12.2% |
| Max Drawdown | -16.8%Best | -19.1% |
| $10,000 over 2.9 years | $17,009Best | $16,927 |
| Top 10 Weight | 25.0% | 19.0%Best |
| Fund Family | Dimensional | Hartford Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 6, 2022 | Dec 5, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Dec 6, 2023 to Oct 14, 2026 (2.9 years).
DFLV vs VMAX 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 2.9 years both funds cover.
DFLV vs VMAX Performance
Dimensional US Large Cap Value ETF (DFLV) is an ETF from Dimensional and Hartford US Value ETF (VMAX) is an ETF from Hartford Funds. Over the past year DFLV returned +27.39% while VMAX returned +21.02%. Year to date, DFLV is up 19.75% versus a gain of 16.66% for VMAX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VMAX has been the more volatile fund, with annualized monthly volatility of 12.2% compared with 11.7% for DFLV. 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 -19.1% for VMAX. 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 VMAX charges 0.29%. On a $10,000 position that is $22 vs $29 annually, a gap of $7 per year that compounds over a long holding period. On income, DFLV currently yields 1.41% against 2.17% for VMAX.
Holdings Overlap
49.8% of DFLV's money is in holdings VMAX also owns. 62.9% of VMAX's money is in holdings DFLV also owns.
The two portfolios partly overlap.
69 positions in common, counted across the 335 positions we hold weights for in DFLV and 125 in VMAX, against full books of 339 and 127.
What only one of them owns
Our book lists 54 positions for VMAX that do not appear in our book for DFLV (36.0% of the fund), and 205 for DFLV that do not appear in VMAX (48.4%).
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 VMAX | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 4.70% | 0.97% | 3.73% |
| AMZNAmazon.Com Inc | 4.34% | 0.59% | 3.75% |
| XOMExxonmobil Corp. | 3.69% | 1.06% | 2.63% |
| METAMeta Platforms Inc | 2.08% | 1.98% | 0.10% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.88% | 1.86% | 0.02% |
| JNJJohnson & Johnson - Common | 2.34% | 0.89% | 1.45% |
| EOGEog Resources Inc | 0.82% | 2.01% | 1.19% |
| TGTTARGET CORP | 0.72% | 1.93% | 1.21% |
| UNHUnitedhealth Group, Inc. | 1.42% | 1.13% | 0.29% |
| BMYBristol-Myers Squibb Co. | 0.64% | 1.91% | 1.27% |
62.9% of VMAX 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 VMAX?
DFLV has an expense ratio of 0.22% while VMAX charges 0.29%. DFLV is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, DFLV or VMAX?
Over the past year DFLV returned +27.39% vs +21.02% for VMAX, so DFLV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFLV or VMAX?
VMAX has been the more volatile fund at 12.2% annualized versus 11.7% for DFLV. Worst drawdown: DFLV -16.8% vs VMAX -19.1%.
Should I hold both DFLV and VMAX?
DFLV and VMAX 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 VMAX?
62.9% of VMAX's money is in holdings DFLV also owns. 62.9% of VMAX's is in holdings DFLV also owns. They hold 69 positions in common, counted across the 335 positions we hold weights for in DFLV and 125 in VMAX.
Which pays a higher dividend, DFLV or VMAX?
DFLV yields 1.41% while VMAX yields 2.17%, so VMAX currently pays the higher dividend yield.
Is VMAX better than DFLV?
DFLV has a lower expense ratio. DFLV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. VMAX is less concentrated, with 19.0% of the fund in its ten largest positions against 25.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.