DVAL vs IUS
BrandywineGLOBAL-Dynamic US Large Cap Value ETF vs Invesco RAFI Strategic US ETF
Which is better, DVAL or IUS?
IUS has been ahead.
IUS has a lower expense ratio. IUS led over 1Y, 3Y and the full window. IUS is less concentrated, with 27.7% of the fund in its ten largest positions against 34.9%.
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 | DVAL | IUS |
|---|---|---|
| Expense Ratio | 0.49% | 0.19%Best |
| AUM | $61M | $989M |
| Dividend Yield | 1.83% | 1.27% |
| Holdings | 199 | 1,082 |
| YTD Return | +10.61% | +22.93%Best |
| 1Y Return | +14.02% | +29.11%Best |
| 3Y Return (annualized) | +14.06% | +22.62%Best |
| 5Y Return (annualized) | - | +15.16% |
| Volatility (annualized) | 12.8% | 11.9%Best |
| Max Drawdown | -15.9% | -15.2%Best |
| $10,000 over 4 years | $15,584 | $20,875Best |
| Top 10 Weight | 34.9% | 27.7%Best |
| Fund Family | Franklin Templeton Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 27, 2006 | Sep 12, 2018 |
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Oct 31, 2022 to Oct 14, 2026 (4 years).
DVAL vs IUS 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 4 years both funds cover.
DVAL vs IUS Performance
BrandywineGLOBAL-Dynamic US Large Cap Value ETF (DVAL) is an ETF from Franklin Templeton Investments (US) and Invesco RAFI Strategic US ETF (IUS) is an ETF from Invesco (US). Over the past year DVAL returned +14.02% while IUS returned +29.11%. Year to date, DVAL is up 10.61% versus a gain of 22.93% for IUS.
Over three years, DVAL compounded at +14.06% per year against +22.62% for IUS. Across the full 4-year window we track, IUS has the edge at +20.20% annualized vs +11.73%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DVAL has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 11.9% for IUS. 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 -15.9% for DVAL and -15.2% for IUS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DVAL charges 0.49% per year while IUS charges 0.19%. On a $10,000 position that is $49 vs $19 annually, a gap of $30 per year that compounds over a long holding period. On income, DVAL currently yields 1.83% against 1.27% for IUS.
Holdings Overlap
72.0% of DVAL's money is in holdings IUS also owns. 25.6% of IUS's money is in holdings DVAL also owns.
Most of DVAL is already inside IUS. Owning both mostly buys the same companies twice.
62 positions in common, counted across the 98 positions we hold weights for in DVAL and 507 in IUS, against full books of 199 and 1,082.
What only one of them owns
Our book lists 433 positions for IUS that do not appear in our book for DVAL (72.2% of the fund), and 34 for DVAL that do not appear in IUS (29.1%).
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 DVAL | Weight in IUS | Difference |
|---|---|---|---|
| AAPLApple, Inc | 3.24% | 4.28% | 1.04% |
| MSFTMicrosoft Corp | 2.56% | 4.15% | 1.59% |
| AMZNAmazon.Com Inc | 3.18% | 2.65% | 0.53% |
| CSCOCisco Systems Inc. - Ordinary Shares | 4.29% | 0.53% | 3.76% |
| VZVerizon Communic | 3.04% | 1.00% | 2.04% |
| UPSUnited Parcel Service, Inc | 3.69% | 0.33% | 3.36% |
| GEGeneral Electric Co. | 3.59% | 0.36% | 3.23% |
| CICigna Corp. | 3.12% | 0.62% | 2.50% |
| TAT&T Inc. | 2.49% | 1.05% | 1.44% |
| CMCSAComcast Corp. Class A | 2.59% | 0.79% | 1.80% |
72.0% of DVAL is already inside IUS.
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, DVAL or IUS?
DVAL has an expense ratio of 0.49% while IUS charges 0.19%. IUS is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, DVAL or IUS?
Over the past year DVAL returned +14.02% vs +29.11% for IUS, so IUS leads on 1-year performance. Over the longest common window we track (4 years), DVAL annualized +11.73% vs +20.20% for IUS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DVAL or IUS?
DVAL has been the more volatile fund at 12.8% annualized versus 11.9% for IUS. Worst drawdown: DVAL -15.9% vs IUS -15.2%.
Should I hold both DVAL and IUS?
DVAL and IUS have a monthly-return correlation of 0.87, 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 DVAL and IUS?
72.0% of DVAL's money is in holdings IUS also owns. 25.6% of IUS's is in holdings DVAL also owns. They hold 62 positions in common, counted across the 98 positions we hold weights for in DVAL and 507 in IUS.
Which pays a higher dividend, DVAL or IUS?
DVAL yields 1.83% while IUS yields 1.27%, so DVAL currently pays the higher dividend yield.
Is IUS better than DVAL?
IUS has a lower expense ratio. IUS led over 1Y, 3Y and the full window. IUS is less concentrated, with 27.7% of the fund in its ten largest positions against 34.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.