DFLV vs QQQ
DFLV vs QQQ
Dimensional US Large Cap Value ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. DFLV delivered stronger 1-year returns. DFLV offers more diversification with 337 holdings.
Side-by-Side Comparison
| Metric | DFLV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.21% | 0.18% | |
| AUM | $6.7B | $455.8B | |
| Dividend Yield | 1.40% | 0.41% | |
| Holdings | 342 | 108 | |
| YTD Return | +20.38% | +18.34% | |
| 1Y Return | +35.00% | +28.94% | |
| 3Y Return (annualized) | +18.46% | +25.28% | |
| 5Y Return (annualized) | - | +15.22% | |
| Volatility (annualized) | 13.2% | 30.6% | |
| Max Drawdown | -16.8% | -83.0% | |
| Fund Family | Dimensional | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 6, 2022 | Mar 10, 1999 |
DFLV vs QQQ Performance
Dimensional US Large Cap Value ETF (DFLV) is a ETF from Dimensional and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DFLV returned +35.00% while QQQ returned +28.94%. Year to date, DFLV is up 20.38% versus a gain of 18.34% for QQQ.
Over three years, DFLV compounded at +18.46% per year against +25.28% for QQQ. Across the full 4-year window we track, DFLV has the edge at +17.05% annualized vs +13.12%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% 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 -83.0% for QQQ. 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 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DFLV charges 0.21% per year while QQQ charges 0.18%. On a $10,000 position that is $21 vs $18 annually, a gap of $3 per year that compounds over a long holding period. On income, DFLV currently yields 1.40% against 0.41% for QQQ.
Holdings Overlap
DFLV and QQQ share 33 holdings out of 407 unique holdings combined, representing a 16.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DFLV | Weight in QQQ | Difference |
|---|---|---|---|
| MU | 3.76% | 4.67% | 0.91% |
| AMZN | 3.19% | 4.26% | 1.07% |
| CSCO | 2.07% | 2.08% | 0.01% |
| META | Pro | Pro | Pro |
| INTC | Pro | Pro | Pro |
| LIN | Pro | Pro | Pro |
| ADI | Pro | Pro | Pro |
| TMUS | Pro | Pro | Pro |
| CSX | Pro | Pro | Pro |
| SNDK | Pro | Pro | Pro |
See all 10 holdings DFLV shares with QQQ 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 QQQ?
DFLV has an expense ratio of 0.21% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, DFLV or QQQ?
Over the past year DFLV returned +35.00% vs +28.94% for QQQ, so DFLV leads on 1-year performance. Over the longest common window we track (4 years), DFLV annualized +17.05% vs +13.12% for QQQ. Past performance does not guarantee future results.
Which is riskier, DFLV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 13.2% for DFLV. Worst drawdown: DFLV -16.8% vs QQQ -83.0%.
Should I hold both DFLV and QQQ?
DFLV and QQQ have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DFLV and QQQ?
DFLV and QQQ share 33 common holdings with a 16.6% weight overlap. Combined, they hold 407 unique securities.
Which pays a higher dividend, DFLV or QQQ?
DFLV yields 1.40% while QQQ yields 0.41%, so DFLV currently pays the higher dividend yield.
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