BKDV vs DFAL: Grades, Fees and Holdings Compared

BNY Mellon Dynamic Value ETF

BKDVBNYSE Arca

Dimensional US Large Cap Core Equity Market ETF

DFALACboe

Overlap

30.9%by weight

Expense ratio

DFAL −0.48pt a year

BKDV0.60%DFAL0.12%

Avg volume · 30D

BKDV 3.0×the volume

BKDV491KDFAL162K

BKDV vs DFAL Performance

Jul 31, 2026 – Oct 30, 2026

+2.1%BKDV+1.7%DFAL

Expense ratio: BKDV 0.60%; DFAL 0.12%, better
Fund size: BKDV $2.29B; DFAL $1.7B
1Y total return: BKDV +24.8%; DFAL No data
Yield (12M): BKDV 0.52%; DFAL No data
Holdings: BKDV 78; DFAL 531
Avg volume (30D): BKDV 491K sh, better; DFAL 162K sh
NAV per share: BKDV $34.69; DFAL $51.15
52W range

ETF.net Grade

Pillar letters and Scores for BKDV, DFAL, with each pillar’s weight
Pillar	BKDV	DFAL
Cost30% weight	C44	A93Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	B67Higher	B64
Tradability15% weight	A74Higher	A72
Holdings10% weight	B57	B61Higher
Durability5% weight	A75Higher	B59

Rank among US Active Contrarian Value funds

How we build Categories ›

Same Category. BKDV and DFAL are both graded against the same 8 US Active Contrarian Value funds, so their Grades compare head to head.

US Active Contrarian Value⁠

Category · 8 funds

See all 8 ›

DFAL ranks 1st and BKDV 4th of 8 funds in the US Active Contrarian Value Category.

Rank 1ADFALDimensional US Large Cap Core Equity Market ETFScore 76
Rank 2ATVALT. Rowe Price Value ETFScore 72
Rank 3BCSTKInvesco Comstock Contrarian Equity ETFScore 65
Rank 4BBKDVBNY Mellon Dynamic Value ETFScore 58
Rank 5CVSLUApplied Finance Valuation Large Cap ETFScore 49

Our read on each fund

ETF.net Research

BKDVBBNY Mellon Dynamic Value ETF

DFALADimensional US Large Cap Core Equity Market ETF

In short

BKDV BNY Mellon's 2024 swing at active value: roughly 90 hand-picked US stocks, priced below what the typical active equity fund charges. A young fund with a very old asset manager behind it.

DFAL No data

Stated mandate

BKDV The fund seeks long-term capital appreciation and invests principally in common stocks.

DFAL No data

Why people hold it

BKDV At 0.60% a year, it undercuts the 0.65% median for active US equity funds. Not index-cheap, but you aren't paying a premium for the stock picking.
Roughly 90 holdings, so every name has to earn its slot. This is a concentrated value book chasing long-term capital appreciation, not a closet index wearing a value label.
Sits in the top quartile of its active US equity peer group, helped by downside behavior that has been steadier than most rivals over its short life.
Already a billion-dollar-plus fund despite launching in 2024, backed by one of the oldest names in US asset management.

DFAL No data

Worth knowing

BKDV Launched November 2024. The risk picture rests on about a year of live data, and short records tell you less than long ones.
Systematic peers cost a fraction of this: DFAU charges 0.12%, AVLC 0.15%. The active premium here is several times their fee.
Moderately traded rather than one of the busiest tickers in the category, so spreads can run wider than on big index products.

DFAL No data

Full BKDV profile⁠

Full DFAL profile⁠

BKDV vs DFAL Holdings

How BKDV and DFAL differ

Overlap by weight

30.9%

Shared holdings make up 90.0% of BKDV and 36.5% of DFAL.

Level by level

Holdings71 in both30.9%
Sector11 Sectors75.5%
Asset classEquity100%
Countryby domicile99.6%

Sector

Sector weights in BKDV and DFAL, widest gap first
Sector	More in BKDVMore in DFAL	BKDV	DFAL
Technology	DFAL +19.4 points	19.9%	39.3%
Health Care	BKDV +6.7 points	16.2%	9.5%
Financials	BKDV +6.2 points	18.2%	12.0%
Communication	DFAL +4.0 points	4.9%	8.9%
Energy	BKDV +3.3 points	7.6%	4.3%
Consumer Staples	BKDV +3.0 points	7.6%	4.6%
Materials	BKDV +2.2 points	4.3%	2.1%
Industrials	BKDV +1.4 points	9.7%	8.3%
Utilities	DFAL +1.1 points	0.9%	2.0%
Consumer Discretionary	BKDV +0.9 points	9.8%	8.9%
Real Estate	BKDV +0.8 points	1.0%	0.2%

Country, concentration and asset class

Country by domicile

Country weights in BKDV and DFAL, widest gap first
Country	More in BKDVMore in DFAL	BKDV	DFAL
United States	BKDV +0.1 points	99.4%	99.3%
Switzerland	BKDV +0.3 points	0.6%	0.3%
China	DFAL +0.2 points	0.0%	0.1%
United Kingdom	DFAL +0.1 points	0.0%	0.1%
Mexico	DFAL +0.1 points	0.0%	0.1%
Ireland	DFAL +0.1 points	0.0%	0.1%

Concentration

Weight in the 10 largest Holdings

BKDV34.8%
DFAL34.8%

Securities held

BKDV78
DFAL530

Asset class

BKDV: Equity
DFAL: Equity

Holdings

Only in BKDV7
In both71
Only in DFAL459

Only in BKDV

7 securities, 10.1% of BKDV by weight

Dreyfus Institutional Preferred Government Money M3.99%
Assurant Inc2.21%
Elevance Health Inc1.68%
Voya Financial Inc1.05%
Dolby Laboratories Inc-Cl A0.62%
Echostar Corp-A0.57%
Net Current Assets<0.01%

Only in DFAL

459 securities, 63.3% of DFAL by weight

NVIDIA Corp6.88%
Broadcom Inc2.30%
Alphabet Inc - Class A2.21%
Micron Technology Inc.1.92%
Alphabet Inc1.78%
Eli Lilly and Company1.69%
Tesla Inc1.63%
Exxonmobil Holdings Corp1.24%
Visa Inc1.18%
Walmart Inc.0.87%
Mastercard Inc - A0.79%
Chevron Corp.0.67%
Costco Wholesale Corp.0.57%
Home Depot Inc0.55%
Applied Materials Inc.0.49%
General Electric Company0.46%
Lam Research Corp0.45%
Palantir Technologies Inc0.45%
Bank of America Corp0.44%
Amgen Inc0.42%
Goldman Sachs Group Inc.0.42%
Caterpillar Inc.0.41%
Kla Corp0.40%
New Linde PLC0.36%
Wells Fargo & Co.0.34%
Conocophillips0.34%
Qualcomm Inc.0.32%
Amphenol Corp Class A0.32%
Palo Alto Networks Inc0.31%
American Express Co.0.30%
Salesforce Inc0.30%
Pepsico Inc.0.30%
Analog Devices Inc.0.30%
Union Pac Corp.0.29%
Arista Networks Inc0.29%
Seagate Technology Hold0.28%
Sandisk Corp/De0.25%
Ge Vernova Llc0.25%
Abbott Laboratories0.25%
Mcdonald's Corp.0.24%
Progressive Corp0.24%
Lockheed Martin Corp.0.23%
BlackRock Funding Inc/De0.23%
Oracle Corp.0.23%
The Charles Schwab Corp.0.23%
Dell Technologies Inc0.22%
Eog Resources Inc.0.22%
Accenture PLC0.22%
Travelers Companies Inc.0.22%
Western Digital0.21%

Weight gaps

All 71 Holdings in both funds, largest gap first.

Holding weights in BKDV and DFAL, widest gap first
Holding	More in BKDVMore in DFAL	BKDV	DFAL
Apple IncAAPL	DFAL +3.60 points	3.38%	6.98%
Slb LtdSLB	BKDV +2.54 points	2.70%	0.16%
Berkshire Hathaway Inc-Cl BBRK.B	BKDV +2.32 points	3.66%	1.34%
JPMorgan Chase & CoJPM	BKDV +2.12 points	3.54%	1.42%
Fifth Third BancorpFITB	BKDV +2.02 points	2.11%	0.09%
Thermo Fisher Scientific IncTMO	BKDV +1.91 points	2.22%	0.31%
UnitedHealth Group IncUNH	BKDV +1.80 points	2.35%	0.55%
Vulcan Materials CoVMC	BKDV +1.61 points	1.69%	0.08%
Devon Energy CorpDVN	BKDV +1.61 points	1.71%	0.10%
Newmont CorpNEM	BKDV +1.51 points	1.75%	0.24%
Colgate-Palmolive CoCL	BKDV +1.50 points	1.64%	0.14%
Philip Morris InternationalPM	BKDV +1.48 points	1.91%	0.43%
Amazon.com IncAMZN	BKDV +1.47 points	4.95%	3.48%
Coca-Cola Co/TheKO	BKDV +1.37 points	1.86%	0.49%
Packaging Corp of AmericaPKG	BKDV +1.36 points	1.41%	0.05%
Delta Air Lines IncDAL	BKDV +1.34 points	1.46%	0.12%
Meta Platforms Inc-Class AMETA	DFAL +1.26 points	0.72%	1.98%
Deere & CoDE	BKDV +1.24 points	1.48%	0.24%
Agilent Technologies IncA	BKDV +1.20 points	1.30%	0.10%
Johnson & JohnsonJNJ	BKDV +1.11 points	2.03%	0.92%
Omnicom GroupOMC	BKDV +1.09 points	1.13%	0.04%
Walt Disney Co/TheDIS	BKDV +1.08 points	1.33%	0.25%
Cisco Systems IncCSCO	BKDV +1.02 points	1.63%	0.61%
Occidental Petroleum CorpOXY	BKDV +1.02 points	1.17%	0.15%
Diamondback Energy IncFANG	BKDV +0.99 points	1.11%	0.12%
Rtx CorpRTX	BKDV +0.99 points	1.33%	0.34%
Danaher CorpDHR	BKDV +0.92 points	1.12%	0.20%
Texas Instruments IncTXN	BKDV +0.89 points	1.34%	0.45%
Procter & Gamble Co/ThePG	BKDV +0.89 points	1.46%	0.57%
Capital One Financial CorpCOF	BKDV +0.89 points	1.06%	0.17%
AbbVie IncABBV	BKDV +0.85 points	1.54%	0.69%
Constellation EnergyCEG	BKDV +0.81 points	0.92%	0.11%
Advanced Micro DevicesAMD	DFAL +0.80 points	0.49%	1.29%
Aon Plc-Class AAON	BKDV +0.79 points	0.93%	0.14%
Gilead Sciences IncGILD	BKDV +0.78 points	1.13%	0.35%
General Motors CoGM	BKDV +0.77 points	1.05%	0.28%
Lowe's Cos IncLOW	BKDV +0.74 points	0.89%	0.15%
Medtronic PLCMDT	BKDV +0.68 points	0.85%	0.17%
Merck & Co. Inc.MRK	BKDV +0.65 points	1.15%	0.50%
Veralto CorpVLTO	BKDV +0.62 points	0.67%	0.05%
Estee Lauder Companies-Cl AEL	BKDV +0.57 points	0.63%	0.06%
American International GroupAIG	BKDV +0.57 points	0.66%	0.09%
Csx CorpCSX	BKDV +0.56 points	0.73%	0.17%
Honeywell International IncHON	BKDV +0.55 points	0.67%	0.12%
Target CorpTGT	BKDV +0.53 points	0.68%	0.15%
Nutanix Inc - ANTNX	BKDV +0.52 points	0.55%	0.03%
Ferguson Enterprises IncFERG	BKDV +0.51 points	0.62%	0.11%
Vylor IncVYLR	BKDV +0.51 points	0.60%	0.09%
Freeport-Mcmoran IncFCX	BKDV +0.51 points	0.64%	0.13%
Netapp IncNTAP	BKDV +0.50 points	0.59%	0.09%
International Paper CoIP	BKDV +0.50 points	0.53%	0.03%
Eqt CorpEQT	BKDV +0.49 points	0.56%	0.07%
Synopsys IncSNPS	BKDV +0.47 points	0.65%	0.18%
Royal Caribbean Cruises LtdRCL	BKDV +0.46 points	0.65%	0.19%
Verizon Communications IncVZ	BKDV +0.44 points	0.77%	0.33%
Hubbell IncHUBB	BKDV +0.43 points	0.48%	0.05%
Chubb LtdCB	BKDV +0.42 points	0.59%	0.17%
Biogen IncBIIB	BKDV +0.42 points	0.49%	0.07%
Citigroup IncC	BKDV +0.42 points	0.70%	0.28%
Intl Business Machines CorpIBM	BKDV +0.40 points	0.84%	0.44%
Morgan StanleyMS	BKDV +0.40 points	0.74%	0.34%
T-Mobile Us IncTMUS	BKDV +0.39 points	0.53%	0.14%
Phillips 66PSX	BKDV +0.38 points	0.55%	0.17%
Microsoft CorpMSFT	BKDV +0.30 points	5.84%	5.54%
Bristol-Myers Squibb CoBMY	BKDV +0.30 points	0.52%	0.22%
Nextera Energy IncNEE	BKDV +0.28 points	0.51%	0.23%
Akamai Technologies IncAKAM	BKDV +0.27 points	0.28%	<0.01%
Marvell Technology IncMRVL	BKDV +0.27 points	0.45%	0.18%
Pfizer IncPFE	BKDV +0.26 points	0.52%	0.26%
Marathon Petroleum CorpMPC	BKDV +0.25 points	0.48%	0.23%
Intel CorpINTC	BKDV +0.24 points	0.76%	0.52%

All 79 BKDV holdings⁠All DFAL holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BKDV vs DFAL Cost

Overpaying BKDV vs DFAL

$9,297

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BKDV 0.60%
$11,817
DFAL 0.12%
$2,520

Amount$10,000

Years30 years

Cost over time

BKDV 0.60%
DFAL 0.12%
Overpaying

Year by year

Year	BKDV	DFAL	Overpaying
10	$1,076	$220	$856
20	$4,116	$859	$3,257
30	$11,817	$2,520	$9,297

Expense ratio

0.60%BKDV
0.12%DFAL, cheaper

DFAL0.12%BKDV0.60%

0.12%0.85%

Middle half of US Active Contrarian Value funds
Median 0.54%

DFAL cheapest of 8 funds

BKDV 5th cheapest of 8 funds

BKDV vs DFAL Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BKDV 0.52%; DFAL No data
Payout (12M): BKDV $0.18; DFAL No data
Last payment: BKDV $0.18; DFAL $0.09
Ex-dividend: BKDV Dec 29, 2025; DFAL Sep 22, 2026
Paid on: BKDV Jan 2, 2026; DFAL Sep 24, 2026
Frequency: BKDV Annual; DFAL Irregular

Distribution history

Per share, 2024 to 2026, same scale for both

BKDVAnnual · 2 paymentsAll BKDV payments⁠

DFALIrregular · 1 paymentAll DFAL payments⁠

BKDV vs DFAL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BKDV 11.9%since Dec 2024DFAL No data
Return per unit of riskSharpe ratio, 3 years: BKDV 0.94since Dec 2024DFAL No data
Worst fallMax drawdown, 5 years: BKDV −15.5%since Nov 2024DFAL No data
Market sensitivityBeta, 5 years: BKDV 0.73DFAL 0.90; Market = 1

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