CAMX vs DFLV

CAMXDCambiar Aggressive Value ETF

DFLVADimensional US Large Cap Value ETF

In short

CAMX Cambiar's active swing at US value: large-cap leaning but unconstrained by size or sector, measured against the Russell 1000 Value. A small, young fund that treats value as a stock-picker's job rather than an index to copy.

DFLV Dimensional's value playbook in an ETF wrapper: large-cap value that also screens for profitability, spread across roughly 300 names, run by research rather than an index. Active by design, index-fund cheap in practice.

Stated mandate

CAMX The Fund seeks long-term capital appreciation. It primarily invests in U.S. equity securities, generally emphasizing large-capitalization companies while remaining unconstrained by market capitalization or sector.

DFLV The ETF seeks long-term capital appreciation. Its investment approach combines research, portfolio design, portfolio management, and trading, emphasizing long-term expected-return drivers and broad diversification.

Why people hold it

• CAMX The mandate is unboxed: US equities with a large-cap lean, but free to own any market cap or sector when the value case shows up there.
• What it owns lines up with what it advertises. This is a real value portfolio held to the Russell 1000 Value yardstick, not a label.
• Its 0.59% fee sits right alongside other active funds benchmarked to the same index, such as OAKM at 0.59% and BUSA and PZLV at 0.60%.

• DFLV Costs 0.21% a year, well under half the 0.55% median for US value funds in its peer group. Active management without the active price tag.
• Cheap alone doesn't get you in. The portfolio screens on value and profitability together, a filter aimed at cut-rate stocks that actually earn money.
• No index to shadow. Dimensional can trade on its own schedule and spreads the money across about 300 large-cap names instead of a handful of bets.
• Sits in the top tier of the US value funds we grade, and it is a multi-billion-dollar fund that trades actively, so getting in and out is rarely the hard part.

Worth knowing

• CAMX Thinly traded on a modest asset base, so spreads can run wider and a large order can push the price more than in a giant fund.
• That 0.59% is above the typical fund in its value cohort, and rules-based rivals on the same Russell 1000 Value benchmark charge far less (WTV at 0.12%).
• Launched in 2023, so the record is short. Distributions land once or twice a year, not quarterly.

• DFLV Not the cheapest seat in the room: AVLV and SEIV run 0.15%, WTV 0.12%. You're paying a bit more for Dimensional's process.
• Being benchmark-free cuts both ways. With no index to measure against, there is no tracking-error scoreboard, and outcomes ride on the manager's judgment.
• Launched in December 2022, so the ETF's own record is short, and a value tilt behaves differently from the broad market. It pays quarterly.

Full CAMX profile⁠

Full DFLV profile⁠