DFVX vs QLV
Dimensional US Large Cap Vector ETF vs Northern Trust US Quality Low Volatility ETF
Which is better, DFVX or QLV?
DFVX has been ahead.
QLV has a lower expense ratio. DFVX led over 1Y, 3Y and the full window. DFVX is less concentrated, with 33.1% of the fund in its ten largest positions against 36.8%.
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 | DFVX | QLV |
|---|---|---|
| Expense Ratio | 0.19% | 0.08%Best |
| AUM | $551M | $171M |
| Dividend Yield | 1.13% | 1.50% |
| Holdings | 325 | 125 |
| YTD Return | +14.81%Best | +13.30% |
| 1Y Return | +18.85%Best | +14.01% |
| 3Y Return (annualized) | +20.20%Best | +16.91% |
| 5Y Return (annualized) | - | +10.85% |
| Volatility (annualized) | 11.3% | 7.9%Best |
| Max Drawdown | -16.7% | -12.1%Best |
| $10,000 over 2.9 years | $17,050Best | $15,939 |
| Top 10 Weight | 33.1%Best | 36.8% |
| Fund Family | Dimensional | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 2, 2023 | Jul 15, 2019 |
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 QLV 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 QLV Performance
Dimensional US Large Cap Vector ETF (DFVX) is an ETF from Dimensional and Northern Trust US Quality Low Volatility ETF (QLV) is an ETF from Northern Trust Asset Management. Over the past year DFVX returned +18.85% while QLV returned +14.01%. Year to date, DFVX is up 14.81% versus a gain of 13.30% for QLV.
Over three years, DFVX compounded at +20.20% per year against +16.91% for QLV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFVX has been the more volatile fund, with annualized monthly volatility of 11.3% compared with 7.9% for QLV. 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 -12.1% for QLV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFVX charges 0.19% per year while QLV charges 0.08%. On a $10,000 position that is $19 vs $8 annually, a gap of $11 per year that compounds over a long holding period. On income, DFVX currently yields 1.13% against 1.50% for QLV.
Holdings Overlap
53.6% of DFVX's money is in holdings QLV also owns. 67.3% of QLV's money is in holdings DFVX also owns.
The two portfolios partly overlap.
58 positions in common, counted across the 325 positions we hold weights for in DFVX and 120 in QLV, against full books of 325 and 125.
What only one of them owns
Our book lists 56 positions for QLV that do not appear in our book for DFVX (30.1% of the fund), and 243 for DFVX that do not appear in QLV (45.5%).
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 QLV | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 6.35% | 6.58% | 0.23% |
| NVDANvidia Corp. | 1.22% | 6.86% | 5.64% |
| AMZNAmazon.Com Inc | 5.06% | 2.46% | 2.60% |
| JNJJohnson & Johnson - Common | 2.11% | 4.25% | 2.14% |
| METAMeta Platform Inc | 5.27% | 1.04% | 4.23% |
| AAPLApple, Inc | 0.04% | 6.09% | 6.05% |
| GOOGLAlphabet Inc-cl A | 2.94% | 1.94% | 1.00% |
| XOMExxon Mobil Corp. | 2.25% | 2.38% | 0.13% |
| GOOGAlphabet, Inc.- Cl C | 2.36% | 1.47% | 0.89% |
| VVisa Inc. 'A' | 1.55% | 2.15% | 0.60% |
67.3% of QLV is already inside DFVX.
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 QLV?
DFVX has an expense ratio of 0.19% while QLV charges 0.08%. QLV is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, DFVX or QLV?
Over the past year DFVX returned +18.85% vs +14.01% for QLV, 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 QLV?
DFVX has been the more volatile fund at 11.3% annualized versus 7.9% for QLV. Worst drawdown: DFVX -16.7% vs QLV -12.1%.
Should I hold both DFVX and QLV?
DFVX and QLV have a monthly-return correlation of 0.86, 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 DFVX and QLV?
67.3% of QLV's money is in holdings DFVX also owns. 67.3% of QLV's is in holdings DFVX also owns. They hold 58 positions in common, counted across the 325 positions we hold weights for in DFVX and 120 in QLV.
Which pays a higher dividend, DFVX or QLV?
DFVX yields 1.13% while QLV yields 1.50%, so QLV currently pays the higher dividend yield.
Is QLV better than DFVX?
QLV has a lower expense ratio. DFVX led over 1Y, 3Y and the full window. DFVX is less concentrated, with 33.1% of the fund in its ten largest positions against 36.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.