DFVX vs LCTU
Dimensional US Large Cap Vector ETF vs iShares US Carbon Transition Readiness Aware Active ETF
Which is better, DFVX or LCTU?
Each has led over a different period.
LCTU has a lower expense ratio. DFVX led over 1Y, LCTU over 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. DFVX is less concentrated, with 33.1% of the fund in its ten largest positions against 35.5%.
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 | DFVX | LCTU |
|---|---|---|
| Expense Ratio | 0.19% | 0.15%Best |
| AUM | $551M | $1.2B |
| Dividend Yield | 1.13% | 0.97% |
| Holdings | 325 | 334 |
| YTD Return | +14.81%Best | +11.76% |
| 1Y Return | +18.85%Best | +15.34% |
| 3Y Return (annualized) | +20.20% | +21.21%Best |
| 5Y Return (annualized) | - | +11.70% |
| Volatility (annualized) | 11.3%Best | 11.7% |
| Max Drawdown | -16.7%Best | -19.8% |
| $10,000 over 2.9 years | $17,050 | $17,928Best |
| Top 10 Weight | 33.1%Best | 35.5% |
| Fund Family | Dimensional | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 2, 2023 | Apr 6, 2021 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 2, 2023 to Oct 14, 2026 (2.9 years).
DFVX vs LCTU 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.
DFVX vs LCTU Performance
Dimensional US Large Cap Vector ETF (DFVX) is an ETF from Dimensional and iShares US Carbon Transition Readiness Aware Active ETF (LCTU) is an ETF from iShares by BlackRock (US). Over the past year DFVX returned +18.85% while LCTU returned +15.34%. Year to date, DFVX is up 14.81% versus a gain of 11.76% for LCTU.
Over three years, DFVX compounded at +20.20% per year against +21.21% for LCTU.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LCTU has been the more volatile fund, with annualized monthly volatility of 11.7% compared with 11.3% for DFVX. 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 -16.7% for DFVX and -19.8% for LCTU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DFVX charges 0.19% per year while LCTU charges 0.15%. On a $10,000 position that is $19 vs $15 annually, a gap of $4 per year that compounds over a long holding period. On income, DFVX currently yields 1.13% against 0.97% for LCTU.
Holdings Overlap
77.1% of DFVX's money is in holdings LCTU also owns. 72.3% of LCTU's money is in holdings DFVX also owns.
Most of DFVX is already inside LCTU. Owning both mostly buys the same companies twice.
166 positions in common, counted across the 325 positions we hold weights for in DFVX and 331 in LCTU, against full books of 325 and 334.
What only one of them owns
Our book lists 147 positions for LCTU that do not appear in our book for DFVX (27.0% of the fund), and 142 for DFVX that do not appear in LCTU (21.9%).
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 DFVX | Weight in LCTU | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 6.35% | 4.94% | 1.41% |
| NVDANvidia Corp | 1.22% | 8.16% | 6.94% |
| AMZNAmazon.Com Inc | 5.06% | 3.08% | 1.98% |
| METAMeta Platforms Inc | 5.27% | 2.43% | 2.84% |
| AAPLApple, Inc | 0.04% | 7.17% | 7.13% |
| GOOGLAlphabet Inc | 2.94% | 2.49% | 0.45% |
| MUMicron Technology Inc Mu Uw Equity Us Usd | 2.78% | 1.66% | 1.12% |
| GOOGAlphabet Inc. C | 2.36% | 1.91% | 0.45% |
| JPMJpmorgan Chase | 2.41% | 1.09% | 1.32% |
| XOMExxonmobil Corp. | 2.25% | 0.62% | 1.63% |
77.1% of DFVX is already inside LCTU.
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, DFVX or LCTU?
DFVX has an expense ratio of 0.19% while LCTU charges 0.15%. LCTU is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, DFVX or LCTU?
Over the past year DFVX returned +18.85% vs +15.34% for LCTU, so DFVX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFVX or LCTU?
LCTU has been the more volatile fund at 11.7% annualized versus 11.3% for DFVX. Worst drawdown: DFVX -16.7% vs LCTU -19.8%.
Should I hold both DFVX and LCTU?
DFVX and LCTU have a monthly-return correlation of 0.91, 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 DFVX and LCTU?
77.1% of DFVX's money is in holdings LCTU also owns. 72.3% of LCTU's is in holdings DFVX also owns. They hold 166 positions in common, counted across the 325 positions we hold weights for in DFVX and 331 in LCTU.
Which pays a higher dividend, DFVX or LCTU?
DFVX yields 1.13% while LCTU yields 0.97%, so DFVX currently pays the higher dividend yield.
Is LCTU better than DFVX?
LCTU has a lower expense ratio. DFVX led over 1Y, LCTU over 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. DFVX is less concentrated, with 33.1% of the fund in its ten largest positions against 35.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.