DFLV vs VOO
DFLV vs VOO
Dimensional US Large Cap Value ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. DFLV delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DFLV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.21% | 0.03% | |
| AUM | $6.7B | $979.0B | |
| Dividend Yield | 1.40% | 1.09% | |
| Holdings | 342 | 509 | |
| YTD Return | +20.75% | +13.80% | |
| 1Y Return | +35.67% | +23.71% | |
| 3Y Return (annualized) | +18.69% | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 13.2% | 14.1% | |
| Max Drawdown | -16.8% | -34.3% | |
| Fund Family | Dimensional | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 6, 2022 | Sep 7, 2010 |
DFLV vs VOO Performance
Dimensional US Large Cap Value ETF (DFLV) is a ETF from Dimensional and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DFLV returned +35.67% while VOO returned +23.71%. Year to date, DFLV is up 20.75% versus a gain of 13.80% for VOO.
Over three years, DFLV compounded at +18.69% per year against +21.50% for VOO. Across the full 4-year window we track, DFLV has the edge at +17.10% annualized vs +13.58%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFLV charges 0.21% per year while VOO 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 VOO.
Holdings Overlap
DFLV and VOO share 254 holdings out of 588 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 VOO | Difference |
|---|---|---|---|
| AMZN | 3.19% | 3.62% | 0.43% |
| JPM:US | 4.78% | 1.26% | 3.52% |
| MU | 3.76% | 2.02% | 1.74% |
| XOM | Pro | Pro | Pro |
| JNJ | Pro | Pro | Pro |
| BRK.B | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| UNH | Pro | Pro | Pro |
See all 10 holdings DFLV shares with VOO 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 VOO?
DFLV has an expense ratio of 0.21% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
Which performed better, DFLV or VOO?
Over the past year DFLV returned +35.67% vs +23.71% for VOO, so DFLV leads on 1-year performance. Over the longest common window we track (4 years), DFLV annualized +17.10% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, DFLV or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 13.2% for DFLV. Worst drawdown: DFLV -16.8% vs VOO -34.3%.
Should I hold both DFLV and VOO?
DFLV and VOO have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DFLV and VOO?
DFLV and VOO share 254 common holdings with a 33.5% weight overlap. Combined, they hold 588 unique securities.
Which pays a higher dividend, DFLV or VOO?
DFLV yields 1.40% while VOO yields 1.09%, so DFLV currently pays the higher dividend yield.
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