DFVX vs QQQ
DFVX vs QQQ
Dimensional US Large Cap Vector ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. DFVX offers more diversification with 314 holdings.
Side-by-Side Comparison
| Metric | DFVX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.18% | |
| AUM | $519M | $455.8B | |
| Dividend Yield | 1.16% | 0.41% | |
| Holdings | 331 | 108 | |
| YTD Return | +15.52% | +18.20% | |
| 1Y Return | +24.69% | +27.63% | |
| 3Y Return (annualized) | - | +25.54% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 11.5% | 30.6% | |
| Max Drawdown | -16.7% | -83.0% | |
| Fund Family | Dimensional | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 2, 2023 | Mar 10, 1999 |
DFVX vs QQQ Performance
Dimensional US Large Cap Vector ETF (DFVX) is a ETF from Dimensional and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DFVX returned +24.69% while QQQ returned +27.63%. Year to date, DFVX is up 15.52% versus a gain of 18.20% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 11.5% for DFVX. 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 -16.7% for DFVX 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFVX charges 0.19% per year while QQQ charges 0.18%. On a $10,000 position that is $19 vs $18 annually, a gap of $1 per year that compounds over a long holding period. On income, DFVX currently yields 1.16% against 0.41% for QQQ.
Holdings Overlap
DFVX and QQQ share 53 holdings out of 364 unique holdings combined, representing a 36.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DFVX | Weight in QQQ | Difference |
|---|---|---|---|
| MSFT | 4.83% | 4.65% | 0.18% |
| AMZN | 5.02% | 4.26% | 0.76% |
| NVDA | 0.60% | 7.88% | 7.28% |
| META | Pro | Pro | Pro |
| AAPL | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
See all 10 holdings DFVX 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, DFVX or QQQ?
DFVX has an expense ratio of 0.19% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, DFVX or QQQ?
Over the past year DFVX returned +24.69% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), DFVX annualized +21.97% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, DFVX or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 11.5% for DFVX. Worst drawdown: DFVX -16.7% vs QQQ -83.0%.
Should I hold both DFVX and QQQ?
DFVX and QQQ have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DFVX and QQQ?
DFVX and QQQ share 53 common holdings with a 36.8% weight overlap. Combined, they hold 364 unique securities.
Which pays a higher dividend, DFVX or QQQ?
DFVX yields 1.16% while QQQ yields 0.41%, so DFVX currently pays the higher dividend yield.
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