DVND vs TVAL
Touchstone Dividend Select ETF vs T. Rowe Price Value ETF
Which is better, DVND or TVAL?
TVAL has been ahead.
TVAL has a lower expense ratio. TVAL led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. DVND is less concentrated, with 28.8% of the fund in its ten largest positions against 29.8%.
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 | DVND | TVAL |
|---|---|---|
| Expense Ratio | 0.50% | 0.33%Best |
| AUM | $54M | $1.1B |
| Dividend Yield | 1.81% | 0.97% |
| Holdings | 112 | 155 |
| YTD Return | +11.56% | +20.77%Best |
| 1Y Return | +14.57% | +27.42%Best |
| 3Y Return (annualized) | +17.34% | +20.43%Best |
| Volatility (annualized) | 11.1%Best | 12.2% |
| Max Drawdown | -14.6%Best | -15.8% |
| $10,000 over 3.3 years | $15,517 | $17,223Best |
| Top 10 Weight | 28.8%Best | 29.8% |
| Fund Family | Touchstone Investments | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Aug 2, 2022 | Jun 14, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Jun 15, 2023 to Oct 14, 2026 (3.3 years).
DVND 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 3.3 years both funds cover.
DVND vs TVAL Performance
Touchstone Dividend Select ETF (DVND) is an ETF from Touchstone Investments and T. Rowe Price Value ETF (TVAL) is an ETF from T.Rowe Price. Over the past year DVND returned +14.57% while TVAL returned +27.42%. Year to date, DVND is up 11.56% versus a gain of 20.77% for TVAL.
Over three years, DVND compounded at +17.34% 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 11.1% for DVND. 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 -14.6% for DVND 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DVND charges 0.50% per year while TVAL charges 0.33%. On a $10,000 position that is $50 vs $33 annually, a gap of $17 per year that compounds over a long holding period. On income, DVND currently yields 1.81% against 0.97% for TVAL.
Holdings Overlap
62.5% of DVND's money is in holdings TVAL also owns. 46.8% of TVAL's money is in holdings DVND also owns.
The two portfolios partly overlap.
33 positions in common, counted across the 56 positions we hold weights for in DVND and 148 in TVAL, against full books of 112 and 155.
What only one of them owns
Our book lists 107 positions for TVAL that do not appear in our book for DVND (48.5% of the fund), and 23 for DVND that do not appear in TVAL (37.4%).
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 DVND | Weight in TVAL | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.29% | 5.15% | 0.14% |
| AAPLApple, Inc | 3.10% | 5.78% | 2.68% |
| AMZNAmazon.Com Inc | 1.74% | 6.50% | 4.76% |
| XOMExxonmobil Corp. | 2.46% | 2.02% | 0.44% |
| JNJJohnson & Johnson - Common | 1.98% | 1.82% | 0.16% |
| PGProcter & Gamble Company | 1.98% | 1.59% | 0.39% |
| JPMJpmorgan Chase | 1.74% | 1.74% | 0.00% |
| PMPhilip Morris International Inc. | 2.11% | 1.33% | 0.78% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.00% | 1.43% | 0.57% |
| SCHWSchwab Strategic T | 1.64% | 1.69% | 0.05% |
62.5% of DVND 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, DVND or TVAL?
DVND has an expense ratio of 0.50% while TVAL charges 0.33%. TVAL is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, DVND or TVAL?
Over the past year DVND returned +14.57% 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, DVND or TVAL?
TVAL has been the more volatile fund at 12.2% annualized versus 11.1% for DVND. Worst drawdown: DVND -14.6% vs TVAL -15.8%.
Should I hold both DVND and TVAL?
DVND and TVAL 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 DVND and TVAL?
62.5% of DVND's money is in holdings TVAL also owns. 46.8% of TVAL's is in holdings DVND also owns. They hold 33 positions in common, counted across the 56 positions we hold weights for in DVND and 148 in TVAL.
Which pays a higher dividend, DVND or TVAL?
DVND yields 1.81% while TVAL yields 0.97%, so DVND currently pays the higher dividend yield.
Is TVAL better than DVND?
TVAL has a lower expense ratio. TVAL led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. DVND is less concentrated, with 28.8% of the fund in its ten largest positions against 29.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.