DFLV vs IVV
DFLV vs IVV
Dimensional US Large Cap Value ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. DFLV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DFLV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.21% | 0.03% | |
| AUM | $6.7B | $865.2B | |
| Dividend Yield | 1.40% | 1.09% | |
| Holdings | 342 | 508 | |
| YTD Return | +20.75% | +13.80% | |
| 1Y Return | +35.67% | +23.70% | |
| 3Y Return (annualized) | +18.69% | +21.49% | |
| 5Y Return (annualized) | - | +13.43% | |
| Volatility (annualized) | 13.2% | 15.1% | |
| Max Drawdown | -16.8% | -56.5% | |
| Fund Family | Dimensional | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Dec 6, 2022 | May 15, 2000 |
DFLV vs IVV Performance
Dimensional US Large Cap Value ETF (DFLV) is a ETF from Dimensional and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DFLV returned +35.67% while IVV returned +23.70%. Year to date, DFLV is up 20.75% versus a gain of 13.80% for IVV.
Over three years, DFLV compounded at +18.69% per year against +21.49% for IVV. Across the full 4-year window we track, DFLV has the edge at +17.10% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.2% for DFLV. 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 -16.8% for DFLV and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFLV charges 0.21% per year while IVV charges 0.03%. On a $10,000 position that is $21 vs $3 annually, a gap of $18 per year that compounds over a long holding period. On income, DFLV currently yields 1.40% against 1.09% for IVV.
Holdings Overlap
DFLV and IVV share 252 holdings out of 590 unique holdings combined, representing a 33.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DFLV | Weight in IVV | Difference |
|---|---|---|---|
| AMZN | 3.19% | 3.75% | 0.56% |
| JPM:US | 4.78% | 1.43% | 3.35% |
| MU | 3.76% | 1.69% | 2.07% |
| XOM | Pro | Pro | Pro |
| JNJ | Pro | Pro | Pro |
| BRK.B | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| UNH | Pro | Pro | Pro |
See all 10 holdings DFLV shares with IVV Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, DFLV or IVV?
DFLV has an expense ratio of 0.21% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
Which performed better, DFLV or IVV?
Over the past year DFLV returned +35.67% vs +23.70% for IVV, so DFLV leads on 1-year performance. Over the longest common window we track (4 years), DFLV annualized +17.10% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, DFLV or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 13.2% for DFLV. Worst drawdown: DFLV -16.8% vs IVV -56.5%.
Should I hold both DFLV and IVV?
DFLV and IVV have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DFLV and IVV?
DFLV and IVV share 252 common holdings with a 33.5% weight overlap. Combined, they hold 590 unique securities.
Which pays a higher dividend, DFLV or IVV?
DFLV yields 1.40% while IVV yields 1.09%, so DFLV currently pays the higher dividend yield.
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