DSTL vs TCV
Distillate US Fundamental Stability & Value ETF vs Towle Small-Cap Value ETF
Which is better, DSTL or TCV?
TCV has been ahead.
DSTL has a lower expense ratio. TCV led over 1Y and the full window. DSTL is less concentrated, with 18.3% of the fund in its ten largest positions against 27.7%.
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 | DSTL | TCV |
|---|---|---|
| Expense Ratio | 0.39%Best | 0.85% |
| AUM | $2.0B | $202M |
| Dividend Yield | 1.14% | 0.59% |
| Holdings | 300 | 105 |
| YTD Return | +13.34% | +23.99%Best |
| 1Y Return | +16.45% | +27.95%Best |
| 3Y Return (annualized) | +15.03% | - |
| 5Y Return (annualized) | +10.92% | - |
| Volatility (annualized) | 15.2%Best | 16.4% |
| Max Drawdown | -8.6%Best | -12.2% |
| $10,000 over 1.2 years | $12,000 | $12,949Best |
| Top 10 Weight | 18.3%Best | 27.7% |
| Fund Family | Distillate Capital Etfs | Towle |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Oct 23, 2018 | Jul 16, 2025 |
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Jul 17, 2025 to Oct 14, 2026 (1.2 years).
DSTL vs TCV 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 1.2 years both funds cover.
DSTL vs TCV Performance
Distillate US Fundamental Stability & Value ETF (DSTL) is an ETF from Distillate Capital Etfs and Towle Small-Cap Value ETF (TCV) is an ETF from Towle. Over the past year DSTL returned +16.45% while TCV returned +27.95%. Year to date, DSTL is up 13.34% versus a gain of 23.99% for TCV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TCV has been the more volatile fund, with annualized monthly volatility of 16.4% compared with 15.2% for DSTL. 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 -8.6% for DSTL and -12.2% for TCV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.55. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DSTL charges 0.39% per year while TCV charges 0.85%. On a $10,000 position that is $39 vs $85 annually, a gap of $46 per year that compounds over a long holding period. On income, DSTL currently yields 1.14% against 0.59% for TCV.
Holdings Overlap
0.9% of DSTL's money is in holdings TCV also owns. 3.8% of TCV's money is in holdings DSTL also owns.
TCV and DSTL share little of their money.
2 positions in common, counted across the 101 positions we hold weights for in DSTL and 51 in TCV, against full books of 300 and 105.
What only one of them owns
Our book lists 47 positions for TCV that do not appear in our book for DSTL (92.4% of the fund), and 98 for DSTL that do not appear in TCV (98.2%).
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.
You are not choosing between two funds in isolation.
Whichever of DSTL and TCV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DSTL or TCV?
DSTL has an expense ratio of 0.39% while TCV charges 0.85%. DSTL is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, DSTL or TCV?
Over the past year DSTL returned +16.45% vs +27.95% for TCV, so TCV leads on 1-year performance. Over the longest common window we track (1 years), DSTL annualized +16.41% vs +24.03% for TCV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DSTL or TCV?
TCV has been the more volatile fund at 16.4% annualized versus 15.2% for DSTL. Worst drawdown: DSTL -8.6% vs TCV -12.2%.
Should I hold both DSTL and TCV?
DSTL and TCV have a monthly-return correlation of 0.55, 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 DSTL and TCV?
3.8% of TCV's money is in holdings DSTL also owns. 3.8% of TCV's is in holdings DSTL also owns. They hold 2 positions in common, counted across the 101 positions we hold weights for in DSTL and 51 in TCV.
Which pays a higher dividend, DSTL or TCV?
DSTL yields 1.14% while TCV yields 0.59%, so DSTL currently pays the higher dividend yield.
Is TCV better than DSTL?
DSTL has a lower expense ratio. TCV led over 1Y and the full window. DSTL is less concentrated, with 18.3% of the fund in its ten largest positions against 27.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.