DFVX vs RECS
Dimensional US Large Cap Vector ETF vs Columbia Research Enhanced Core ETF
Which is better, DFVX or RECS?
Each has led over a different period.
RECS has a lower expense ratio. DFVX led over 1Y, RECS over 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. DFVX is less concentrated, with 33.1% of the fund in its ten largest positions against 42.0%.
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 | DFVX | RECS |
|---|---|---|
| Expense Ratio | 0.19% | 0.15%Best |
| AUM | $551M | $6.2B |
| Dividend Yield | 1.13% | 1.01% |
| Holdings | 325 | 718 |
| YTD Return | +14.81%Best | +11.16% |
| 1Y Return | +18.85%Best | +15.54% |
| 3Y Return (annualized) | +20.20% | +22.44%Best |
| 5Y Return (annualized) | - | +13.81% |
| Volatility (annualized) | 11.3% | 10.9%Best |
| Max Drawdown | -16.7%Best | -18.6% |
| $10,000 over 2.9 years | $17,050 | $18,434Best |
| Top 10 Weight | 33.1%Best | 42.0% |
| Fund Family | Dimensional | Columbia Threadneedle Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 2, 2023 | Sep 25, 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 RECS 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 RECS Performance
Dimensional US Large Cap Vector ETF (DFVX) is an ETF from Dimensional and Columbia Research Enhanced Core ETF (RECS) is an ETF from Columbia Threadneedle Investments. Over the past year DFVX returned +18.85% while RECS returned +15.54%. Year to date, DFVX is up 14.81% versus a gain of 11.16% for RECS.
Over three years, DFVX compounded at +20.20% per year against +22.44% for RECS.
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 10.9% for RECS. 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 -18.6% for RECS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. 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 RECS 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 1.01% for RECS.
Holdings Overlap
31.9% of DFVX's money is in holdings RECS also owns. 66.0% of RECS's money is in holdings DFVX also owns.
The two portfolios partly overlap.
110 positions in common, counted across the 325 positions we hold weights for in DFVX and 353 in RECS, against full books of 325 and 718.
What only one of them owns
Our book lists 229 positions for RECS that do not appear in our book for DFVX (32.8% of the fund), and 197 for DFVX that do not appear in RECS (67.1%).
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 RECS | Difference |
|---|---|---|---|
| NVDANvidia Corp | 1.22% | 12.01% | 10.79% |
| AAPLApple, Inc | 0.04% | 11.96% | 11.92% |
| METAMeta Platforms Inc | 5.27% | 4.79% | 0.48% |
| MUMicron Technology Inc Mu Uw Equity Us Usd | 2.78% | 2.28% | 0.50% |
| CVXChevron Corp | 0.85% | 1.60% | 0.75% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.96% | 1.05% | 0.09% |
| BMYBristol-Myers Squibb Co. | 0.75% | 1.09% | 0.34% |
| TJXTjx Cos., Inc. | 0.35% | 1.24% | 0.89% |
| KLACKla-tencor | 0.86% | 0.42% | 0.44% |
| GILDGilead Sciences | 0.96% | 0.26% | 0.70% |
66.0% of RECS 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.
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Frequently Asked Questions
Which is cheaper, DFVX or RECS?
DFVX has an expense ratio of 0.19% while RECS charges 0.15%. RECS is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, DFVX or RECS?
Over the past year DFVX returned +18.85% vs +15.54% for RECS, 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 RECS?
DFVX has been the more volatile fund at 11.3% annualized versus 10.9% for RECS. Worst drawdown: DFVX -16.7% vs RECS -18.6%.
Should I hold both DFVX and RECS?
DFVX and RECS have a monthly-return correlation of 0.92, 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 RECS?
66.0% of RECS's money is in holdings DFVX also owns. 66.0% of RECS's is in holdings DFVX also owns. They hold 110 positions in common, counted across the 325 positions we hold weights for in DFVX and 353 in RECS.
Which pays a higher dividend, DFVX or RECS?
DFVX yields 1.13% while RECS yields 1.01%, so DFVX currently pays the higher dividend yield.
Is RECS better than DFVX?
RECS has a lower expense ratio. DFVX led over 1Y, RECS over 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. DFVX is less concentrated, with 33.1% of the fund in its ten largest positions against 42.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.