DIVL vs TVAL
Madison Dividend Value ETF vs T. Rowe Price Value ETF
Which is better, DIVL or TVAL?
TVAL has been ahead.
TVAL has a lower expense ratio. TVAL led over 1Y, 3Y and the full window. TVAL is less concentrated, with 29.8% of the fund in its ten largest positions against 41.2%.
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 | DIVL | TVAL |
|---|---|---|
| Expense Ratio | 0.65% | 0.33%Best |
| AUM | $61M | $1.1B |
| Dividend Yield | 1.83% | 0.97% |
| Holdings | 40 | 155 |
| YTD Return | +10.65% | +20.77%Best |
| 1Y Return | +12.67% | +27.42%Best |
| 3Y Return (annualized) | +12.06% | +20.43%Best |
| Volatility (annualized) | 12.0%Best | 12.2% |
| Max Drawdown | -14.1%Best | -15.8% |
| $10,000 over 3.2 years | $13,610 | $17,219Best |
| Top 10 Weight | 41.2% | 29.8%Best |
| Fund Family | Madison Funds | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Aug 14, 2023 | Jun 14, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Aug 15, 2023 to Oct 14, 2026 (3.2 years).
DIVL 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 3.2 years both funds cover.
DIVL vs TVAL Performance
Madison Dividend Value ETF (DIVL) is an ETF from Madison Funds and T. Rowe Price Value ETF (TVAL) is an ETF from T.Rowe Price. Over the past year DIVL returned +12.67% while TVAL returned +27.42%. Year to date, DIVL is up 10.65% versus a gain of 20.77% for TVAL.
Over three years, DIVL compounded at +12.06% per year against +20.43% for TVAL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TVAL has been the more volatile fund, with annualized monthly volatility of 12.2% compared with 12.0% for DIVL. 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 -14.1% for DIVL 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DIVL charges 0.65% per year while TVAL charges 0.33%. On a $10,000 position that is $65 vs $33 annually, a gap of $32 per year that compounds over a long holding period. On income, DIVL currently yields 1.83% against 0.97% for TVAL.
Holdings Overlap
65.8% of DIVL's money is in holdings TVAL also owns. 21.4% of TVAL's money is in holdings DIVL also owns.
The two portfolios partly overlap.
22 positions in common, counted across the 37 positions we hold weights for in DIVL and 148 in TVAL, against full books of 40 and 155.
What only one of them owns
Our book lists 118 positions for TVAL that do not appear in our book for DIVL (73.9% of the fund), and 14 for DIVL that do not appear in TVAL (32.8%).
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 DIVL | Weight in TVAL | Difference |
|---|---|---|---|
| JNJJohnson & Johnson - Common | 5.57% | 1.82% | 3.75% |
| XOMExxonmobil Corp. | 5.26% | 2.02% | 3.24% |
| CVXChevron Corp | 5.27% | 0.71% | 4.56% |
| COPConocophillips Common Stock USD 0.01 | 3.56% | 1.94% | 1.62% |
| PGProcter & Gamble Company | 3.38% | 1.59% | 1.79% |
| JPMJpmorgan Chase | 2.77% | 1.74% | 1.03% |
| ABBVAbbvie Inc. | 3.80% | 0.60% | 3.20% |
| ADIAnalog Devices, Inc. | 3.51% | 0.45% | 3.06% |
| CLColgate-Palmolive Co | 2.70% | 1.26% | 1.44% |
| NEENextera Energy Inc | 3.58% | 0.31% | 3.27% |
65.8% of DIVL is already inside TVAL.
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, DIVL or TVAL?
DIVL has an expense ratio of 0.65% while TVAL charges 0.33%. TVAL is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, DIVL or TVAL?
Over the past year DIVL returned +12.67% 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, DIVL or TVAL?
TVAL has been the more volatile fund at 12.2% annualized versus 12.0% for DIVL. Worst drawdown: DIVL -14.1% vs TVAL -15.8%.
Should I hold both DIVL and TVAL?
DIVL and TVAL have a monthly-return correlation of 0.85, 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 DIVL and TVAL?
65.8% of DIVL's money is in holdings TVAL also owns. 21.4% of TVAL's is in holdings DIVL also owns. They hold 22 positions in common, counted across the 37 positions we hold weights for in DIVL and 148 in TVAL.
Which pays a higher dividend, DIVL or TVAL?
DIVL yields 1.83% while TVAL yields 0.97%, so DIVL currently pays the higher dividend yield.
Is TVAL better than DIVL?
TVAL has a lower expense ratio. TVAL led over 1Y, 3Y and the full window. TVAL is less concentrated, with 29.8% of the fund in its ten largest positions against 41.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.