Category Review
US multifactor funds ran 30 points apart
DoubleLine Fortune 500 Equal Weight ETF
$35.70+0.09 (+0.25%)
- 0.20%
- $45M
- +18.5%
- 1.37%
- 0M sh
- $35.55
- low $30.10high $39.71
The ETF.net DFVE Grade
B
Score 63 out of 100
- 5 of 9
Score 63 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B62 out of 100Rank 3 of 9Mission
Whether the fund did what it promised, tested against its stated mandate.A96 out of 100Rank 4 of 7Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D38 out of 100Rank 9 of 9Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F23 out of 100Rank 8 of 9Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A100 out of 100Rank 1 of 9Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D33 out of 100Rank 8 of 9
Our read on DFVE
BMost equal-weight funds start with a market-cap index. This one starts with the Fortune 500, a ranking by revenue, then splits money evenly across the members that are public, US-incorporated and liquid enough to trade.
The fund seeks to track the investment results of the Barclays Fortune 500 Equal Weighted Total Return Index, using equal investments across eligible public companies in the annual Fortune 500 list.
Why people hold it
- Revenue picks the roster, not market cap. The Fortune 500 list minus private firms, non-NYSE/Nasdaq listings, MLPs, foreign-incorporated names and illiquid ones.doubleline.com
- Every holding gets the same slice at the annual reconstitution and each quarterly rebalance, so the trillion-dollar giants carry no more weight than the smallest member.doubleline.com
- It has stuck tightly to its Barclays index rather than drifting, and the portfolio spreads risk across hundreds of large US companies with no concentrated bets.
- A plain 1940 Act stock fund with quarterly distributions. No swaps-only wrapper, no K-1, no leverage dressing up the exposure.
Worth knowing
- 0.20% is the middle of the equal-weight pack. GSEW and EUSA run 0.09% for broad equal-weight US large caps, though neither uses the Fortune 500 roster.
- Small and lightly traded next to the household-name equal-weight funds, which tends to mean wider spreads on the way in and out.
- Launched in 2024, so the track record is short and the fund is still building scale.prnewswire.com
DFVE Holdings
- Stocks
- 467
- 3%
- Hewlett Packard Enterprise Co
Sectors
- Industrials17.7%
- Consumer Discretionary16.0%
- Financials15.1%
- Technology12.0%
- Health Care10.3%
- Consumer Staples8.1%
- Energy6.0%
- Utilities5.3%
- Materials4.3%
- Communication3.9%
- Real Estate1.3%
DFVE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
DFVE$11,851
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | DFVE |
|---|---|
| Year to date | +12.6% |
| 1 month | −2.3% |
| 3 months | −1.2% |
| 1 year | +18.5% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DFVE |
|---|---|---|
| 2026 YTD | +12.6% | |
| 2025 | +14.5% | |
| 2024 | +13.7% |
DFVE in the news
DFVE Dividends
- 1.37%
- $0.49
- $0.12 per share
- Quarterly
Distribution history
DFVE Risk
- 13.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.71
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −19.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.81
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DFVE Cost
0.20%
DFVE0.20%
- The middle half of US Equal Weight funds
- Median 0.20%
3 of the 9 US Equal Weight funds charge less.
Other funds in US Equal Weight
- AEQALInvesco Russell 1000 Equal Weight ETFExpense ratio 0.20%1 year return +16.9%
- BEQLALPS Equal Sector Weight ETFExpense ratio 0.19%1 year return +16.3%
- BEQWLInvesco S&P 100 Equal Weight ETFExpense ratio 0.30%1 year return +18.4%
- CQEWInvesco QQQ Equal Weight ETFExpense ratio 0.25%1 year return —
- CEDOWFirst Trust Dow 30 Equal Weight ETFExpense ratio 0.50%1 year return +17.5%