DFLV vs DFVX: Grades, Fees and Holdings Compared

Dimensional US Large Cap Value ETF

DFLVANYSE Arca

Dimensional US Large Cap Vector ETF

DFVXANYSE Arca

Overlap

49.2%by weight

Expense ratio

DFVX −0.03pt a year

DFLV0.21%DFVX0.18%

Avg volume · 30D

DFLV 64.5×the volume

DFLV658KDFVX10.2K

3Y return · a year

DFLV +2.1pt

DFLV+21.8%DFVX+19.7%

DFLV vs DFVX Performance

Oct 31, 2025 – Nov 2, 2026

+29.6%DFLV+17.2%DFVX

Expense ratio: DFLV 0.21%; DFVX 0.18%, better
Fund size: DFLV $7.39B; DFVX $549M
1Y total return: DFLV +29.6%, better; DFVX +17.2%
Yield (12M): DFLV 1.35%, better; DFVX 1.12%
Holdings: DFLV 336; DFVX 340
Avg volume (30D): DFLV 658K sh, better; DFVX 10.2K sh
NAV per share: DFLV $41.86; DFVX $84.53
52W range

ETF.net Grade

Pillar letters and Scores for DFLV, DFVX, with each pillar’s weight
Pillar	DFLV	DFVX
Cost30% weight	A92	A95Higher
Mission25% weight	Not scored	A84
Risk15% weight	A72Higher	B58
Tradability15% weight	A82Higher	A72
Holdings10% weight	A78Higher	A70
Durability5% weight	A83Higher	A76

Rank among US Active Value funds

How we build Categories ›

Same Category. DFLV and DFVX are both graded against the same 64 US Active Value funds, so their Grades compare head to head.

US Active Value⁠

Category · 64 funds

See all 64 ›

DFLV ranks 4th and DFVX 6th of 64 funds in the US Active Value Category.

Rank 1AAVLVAvantis U.S. Large Cap Value ETFScore 86
Rank 2ASEIVSEI QiM U.S. Large Cap Value Active ETFScore 85
Rank 2AWTVWisdomTree U.S. Value FundScore 85
Rank 4ADFLVDimensional US Large Cap Value ETFScore 83
Rank 5AAVMVAvantis U.S. Mid Cap Value ETFScore 79
Rank 6ADFVXDimensional US Large Cap Vector ETFScore 78
Rank 7AAVUVAvantis U.S. Small Cap Value ETFScore 77

Our read on each fund

ETF.net Research

DFLVADimensional US Large Cap Value ETF

DFVXADimensional US Large Cap Vector ETF

In short

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.

DFVX Dimensional's value playbook with the dial turned up: roughly 300 large-cap US stocks, leaning toward the cheaper, more profitable, smaller end of the field. 0.18% net of a waiver through February 28, 2027.

Stated mandate

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.

DFVX The fund seeks long-term capital appreciation.

Why people hold it

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.

DFVX Costs 0.18% net of a waiver through February 28, 2027 (0.19% gross), below the category median and under sibling DFLV at 0.21%.
No fixed index to hug. The prospectus lets managers overweight or underweight eligible names on market cap, relative price and profitability.sec.gov
Roughly 300 holdings, with the prospectus design spreading risk across companies and sectors rather than concentrating in a handful of cheap bets.sec.gov
Stands in the top quartile of a crowded US value field on our review, one of the stronger builds among dozens of rivals.

Worth knowing

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.

DFVX The tilts cut both ways: a basket skewed smaller and cheaper can move well apart from the S&P 500 in either direction.sec.gov
Trades lightly next to the category's giants, so limit orders and a glance at the spread are worth the extra click.
Launched in 2023, so the live record is short. Income shows up quarterly, not monthly.

Full DFLV profile⁠

Full DFVX profile⁠

DFLV vs DFVX Holdings

How DFLV and DFVX differ

Overlap by weight

49.2%

Shared holdings make up 88.6% of DFLV and 65.4% of DFVX.

Level by level

Holdings227 in both49.2%
Sector11 Sectors79.0%
Countryby domicile98.5%
Asset classEquity100%

Sector

Sector weights in DFLV and DFVX, widest gap first
Sector	More in DFLVMore in DFVX	DFLV	DFVX
Technology	DFVX +11.2 points	9.1%	20.3%
Financials	DFLV +8.9 points	21.7%	12.8%
Energy	DFLV +5.8 points	14.9%	9.1%
Communication	DFVX +4.5 points	7.0%	11.5%
Materials	DFLV +3.1 points	6.8%	3.7%
Health Care	DFLV +2.9 points	14.0%	11.1%
Consumer Staples	DFVX +2.5 points	4.8%	7.3%
Consumer Discretionary	DFVX +2.2 points	8.4%	10.6%
Utilities	DFVX +0.3 points	0.0%	0.3%
Industrials	DFVX +0.3 points	12.9%	13.2%
Real Estate	DFLV +0.3 points	0.4%	0.1%

Country, concentration and asset class

Country by domicile

Country weights in DFLV and DFVX, widest gap first
Country	More in DFLVMore in DFVX	DFLV	DFVX
United States	DFVX +1.4 points	98.0%	99.4%
Switzerland	DFLV +0.6 points	0.8%	0.2%
China	DFLV +0.5 points	0.8%	0.3%
Other countries (3)	DFLV +0.2 points	0.4%	0.1%

Concentration

Weight in the 10 largest Holdings

DFLV25.0%
DFVX31.1%

Securities held

DFLV335
DFVX339

Asset class

DFLV: Equity
DFVX: Equity

Holdings

Only in DFLV108
In both227
Only in DFVX112

Only in DFLV

108 securities, 11.4% of DFLV by weight

Berkshire Hathaway Cl-B2.02%
Bank of America Corp0.71%
Chubb Limited0.50%
Medtronic PLC0.48%
Citigroup Inc.0.42%
U.s. Bancorp0.41%
Kinder Morgan Inc.0.40%
Walt Disney Co/The0.39%
Wabtec Corp0.37%
State Street Corp.0.35%
Regeneron Pharmaceuticals0.30%
Danaher Corp.0.29%
L3HARRIS Technologies Inc0.25%
Truist Financial Corp0.23%
Pnc Financial Services Gr0.21%
Vylor Spinco0.20%
Ingersoll Rand Inc0.17%
Keurig Dr Pepper Inc0.17%
BlackRock Funding Inc/De0.16%
Block Inc0.16%
Synopsys Inc0.15%
Qnity Electronics Inc0.14%
Archer-Daniels-Midland Co0.13%
Smurfit Westrock PLC0.13%
M & T Bank Corp.0.13%
Boston Scientific Corp.0.13%
Arthur J Gallagher & Co0.11%
Roper Technologies Inc0.11%
Fortive Corporation0.11%
Teledyne Technologies Inc0.10%
Biogen Inc0.10%
Twilio Inc0.09%
Loews Corp.0.09%
Kraft Heinz Co/The0.09%
Xylem Inc.0.09%
Citizens Financial Group0.08%
Liberty Media Corp-C0.08%
Dupont De Nemours Inc0.08%
Zoom Communications Inc0.08%
Keycorp0.08%
Coherent Corp0.07%
Entegris Inc0.07%
Okta Inc0.07%
Tyson Foods Inc. Class A0.06%
Global Payments Inc0.06%
Royal Gold Inc0.06%
Intl Flavors & Fragrance0.06%
Ptc Inc0.05%
Copart Inc0.05%
Lennar Corp.0.04%

Only in DFVX

112 securities, 34.6% of DFVX by weight

Microsoft Corp6.31%
Visa Inc1.76%
Home Depot Inc1.30%
Walmart Inc.1.29%
NVIDIA Corp1.19%
Gilead Sciences Inc1.10%
Amgen Inc1.02%
Costco Wholesale Corp.0.93%
Coca Cola Co.0.92%
American Express Co.0.76%
Union Pac Corp.0.74%
Pepsico Inc.0.67%
Kla Corp0.64%
Texas Instruments Inc.0.63%
Caterpillar Inc.0.61%
Lockheed Martin Corp.0.56%
Broadcom Inc0.52%
Amphenol Corp Class A0.44%
AbbVie Inc.0.39%
Tjx Companies Inc.0.36%
Ross Stores Inc.0.35%
General Electric Company0.34%
Illinois Tool Works Inc.0.33%
Applied Materials Inc.0.33%
Lam Research Corp0.33%
Sherwin-Williams Co0.32%
Waste Management Inc.0.31%
Targa Resources Corp0.31%
Aon PLC0.30%
Automatic Data Processing0.29%
Ecolab Inc0.28%
Eli Lilly and Company0.28%
Marsh & Mclennan Cos Inc0.27%
Ameriprise Financial Inc0.27%
Moody's Corporation0.26%
3M Co.0.26%
Cencora Inc0.26%
Netapp Inc.0.25%
Grainger W.w. Inc.0.25%
Trane Technologies PLC0.25%
Ebay Inc.0.25%
Cintas Corp.0.25%
Netflix.com Inc.0.24%
Vistra Energy Corp0.20%
Ulta Beauty Inc0.19%
Sysco Corp.0.19%
Darden Restaurant Inc.0.19%
Fastenal Co.0.18%
Comfort Systems Usa Inc0.18%
Motorola Solutions Inc.0.18%

Weight gaps

The 100 widest of 227 Holdings in both funds.

Holding weights in DFLV and DFVX, widest gap first
Holding	More in DFLVMore in DFVX	DFLV	DFVX
Meta Platforms IncMETA	DFVX +2.34 points	2.05%	4.39%
Micron Technology Inc.MU	DFVX +2.32 points	0.03%	2.35%
JPMorgan Chase & CoJPM	DFLV +2.02 points	4.44%	2.42%
Alphabet Inc - Class AGOOGL	DFVX +1.70 points	0.67%	2.37%
Exxonmobil Holdings CorpXOM	DFLV +1.64 points	4.20%	2.56%
Alphabet IncGOOG	DFVX +1.34 points	0.57%	1.91%
UnitedHealth Group Inc.UNH	DFLV +1.31 points	1.59%	0.28%
Chevron Corp.CVX	DFLV +1.19 points	2.17%	0.98%
Johnson & JohnsonJNJ	DFVX +1.14 points	1.07%	2.21%
Thermo Fisher Scientific.TMO	DFLV +1.04 points	1.05%	<0.01%
Wells Fargo & Co.WFC	DFLV +1.02 points	1.03%	<0.01%
Merck & Company IncMRK	DFVX +0.80 points	0.79%	1.59%
Salesforce IncCRM	DFLV +0.74 points	0.75%	0.01%
Hewlett-Packard EnterprisHPE	DFLV +0.70 points	0.90%	0.20%
Cisco Systems Inc.CSCO	DFVX +0.68 points	0.21%	0.89%
New Linde PLCLIN	DFLV +0.67 points	1.33%	0.66%
Oracle Corp.ORCL	DFVX +0.65 points	0.03%	0.68%
Norfolk Southern Corp.NSC	DFLV +0.64 points	0.88%	0.24%
Qualcomm Inc.QCOM	DFVX +0.64 points	0.04%	0.68%
Intel CorpINTC	DFLV +0.63 points	0.63%	<0.01%
Rtx CorpRTX	DFLV +0.60 points	1.10%	0.50%
Goldman Sachs Group Inc.GS	DFLV +0.58 points	1.30%	0.72%
Comcast Corp New Class ACMCSA	DFLV +0.53 points	0.62%	0.09%
Marathon Petroleum Corp.MPC	DFVX +0.53 points	<0.01%	0.53%
Slb LtdSLB	DFLV +0.51 points	0.78%	0.27%
ConocophillipsCOP	DFLV +0.49 points	1.12%	0.63%
Te Connectivity PLCTEL	DFLV +0.49 points	0.75%	0.26%
Abbott LaboratoriesABT	DFLV +0.49 points	0.73%	0.24%
Pfizer Inc.PFE	DFLV +0.46 points	0.93%	0.47%
Fedex CorpFDX	DFLV +0.45 points	0.77%	0.32%
Newmont CorpNEM	DFLV +0.43 points	0.84%	0.41%
Analog Devices Inc.ADI	DFLV +0.42 points	0.75%	0.33%
Phillips 66PSX	DFLV +0.41 points	0.72%	0.31%
Cvs Health CorpCVS	DFLV +0.41 points	0.42%	<0.01%
Eog Resources Inc.EOG	DFLV +0.41 points	0.93%	0.52%
General MotorsGM	DFLV +0.40 points	0.89%	0.49%
Freeport-Mcmoran Inc.FCX	DFLV +0.37 points	0.65%	0.28%
Nxp Semiconductors NVNXPI	DFLV +0.37 points	0.66%	0.29%
Allstate Corp.ALL	DFLV +0.36 points	0.73%	0.37%
International Business MaIBM	DFVX +0.35 points	0.48%	0.83%
Cigna Group/TheCI	DFLV +0.35 points	0.69%	0.34%
Royal Caribbean CruisesRCL	DFVX +0.35 points	0.09%	0.44%
Emerson Elec CoEMR	DFLV +0.34 points	0.62%	0.28%
Northrop Grumman Corp.NOC	DFLV +0.33 points	0.58%	0.25%
Republic Services IncRSG	DFLV +0.33 points	0.67%	0.34%
Travelers Companies Inc.TRV	DFLV +0.33 points	0.92%	0.59%
Baker Hughes CoBKR	DFLV +0.33 points	0.57%	0.24%
Target Corp.TGT	DFLV +0.33 points	0.73%	0.40%
Nike Inc. Class BNKE	DFLV +0.33 points	0.33%	<0.01%
Verizon CommunicationsVZ	DFLV +0.33 points	1.09%	0.76%
Aflac IncAFL	DFLV +0.33 points	0.38%	0.05%
Delta Air Lines Inc.DAL	DFLV +0.32 points	0.62%	0.30%
General Dynamics Corp.GD	DFLV +0.31 points	0.50%	0.19%
Crh PLCCRHCF	DFLV +0.31 points	0.57%	0.26%
Humana IncorporatedHUM	DFLV +0.31 points	0.32%	<0.01%
Cheniere Energy IncLNG	DFVX +0.31 points	0.10%	0.41%
Oneok IncOKE	DFLV +0.30 points	0.56%	0.26%
Csx CorpCSX	DFLV +0.30 points	0.79%	0.49%
Occidental Petroleum CorpOXY	DFLV +0.30 points	0.66%	0.36%
Capital One FinancialCOF	DFLV +0.29 points	0.39%	0.10%
Progressive CorpPGR	DFVX +0.29 points	0.07%	0.36%
Nucor Corp.NUE	DFLV +0.29 points	0.56%	0.27%
Mondelez IntlMDLZ	DFLV +0.29 points	0.56%	0.27%
Air Products & ChemicalsAPD	DFLV +0.29 points	0.50%	0.21%
Elevance Health IncELV	DFLV +0.27 points	0.33%	0.06%
AT&T Inc.T	DFLV +0.27 points	0.74%	0.47%
Metlife Inc.MET	DFLV +0.26 points	0.64%	0.38%
Morgan StanleyMS	DFLV +0.27 points	0.93%	0.66%
Cbre Group IncCBRE	DFLV +0.27 points	0.39%	0.12%
Ford Motor CoF	DFLV +0.26 points	0.52%	0.26%
Vulcan Materials Co.VMC	DFLV +0.25 points	0.40%	0.15%
Ametek IncAME	DFLV +0.25 points	0.45%	0.20%
Ferguson Enterprises IncFERG	DFVX +0.24 points	<0.01%	0.25%
Cummins IncCMI	DFLV +0.23 points	0.54%	0.31%
Diamondback Energy IncFANG	DFLV +0.23 points	0.48%	0.25%
Ge Healthcare TechnologieGEHC	DFLV +0.22 points	0.36%	0.14%
Deere & Co.DE	DFLV +0.23 points	0.83%	0.60%
United Rentals Inc.URI	DFLV +0.23 points	0.60%	0.37%
Valero Energy CorpVLO	DFLV +0.22 points	0.61%	0.39%
Agilent Technologies IncA	DFLV +0.21 points	0.39%	0.18%
The Charles Schwab Corp.SCHW	DFVX +0.21 points	0.10%	0.31%
Hartford Insurance GroupHIG	DFLV +0.20 points	0.42%	0.22%
Paccar Inc.PCAR	DFLV +0.20 points	0.40%	0.20%
Eaton Corp PLCETN	DFVX +0.19 points	0.06%	0.25%
PayPal Holdings IncPYPL	DFLV +0.19 points	0.41%	0.22%
On Semiconductor CorpON	DFLV +0.19 points	0.21%	0.02%
American Int'l GroupAIG	DFLV +0.19 points	0.37%	0.18%
Kenvue IncKVUE	DFLV +0.18 points	0.35%	0.17%
Steel Dynamics IncSTLD	DFLV +0.18 points	0.38%	0.20%
Johnson Controls IntlJCI	DFLV +0.18 points	0.28%	0.10%
Garmin LtdGRMN	DFLV +0.17 points	0.34%	0.17%
Intercontinental ExchangeICE	DFLV +0.18 points	0.19%	0.01%
Kroger Co.KR	DFLV +0.17 points	0.46%	0.29%
Raymond James FinancialRJF	DFLV +0.17 points	0.32%	0.15%
United Airlines HoldingsUAL	DFLV +0.17 points	0.36%	0.19%
Edwards Lifescience Corp.EW	DFLV +0.17 points	0.25%	0.08%
Arch Capital Group LtdACGL	DFLV +0.17 points	0.34%	0.17%
Becton Dickinson & CoBDX	DFLV +0.17 points	0.31%	0.14%
Vertex PharmaceuticalsVRTX	DFLV +0.17 points	0.33%	0.16%
Nasdaq IncNDAQ	DFVX +0.17 points	0.01%	0.18%

All 343 DFLV holdings⁠All 348 DFVX 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.

DFLV vs DFVX Cost

Overpaying DFLV vs DFVX

$608

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

DFLV 0.21%
$4,357
DFVX 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

DFLV 0.21%
DFVX 0.18%
Overpaying

Year by year

Year	DFLV	DFVX	Overpaying
10	$383	$328	$55
20	$1,491	$1,281	$210
30	$4,357	$3,749	$608

Expense ratio

0.21%DFLV
0.18%DFVX, cheaper

DFVX0.18%DFLV0.21%

0.12%1.25%

Middle half of US Active Value funds
Median 0.55%

DFVX 4th cheapest of 64 funds

DFLV 6th cheapest of 64 funds

DFLV vs DFVX Dividends

Last 12 months to Nov 2, 2026

Yield (12M): DFLV 1.35%, better; DFVX 1.12%
Payout (12M): DFLV $0.57; DFVX $0.94
Last payment: DFLV $0.16; DFVX $0.25
Ex-dividend: DFLV Sep 22, 2026; DFVX Sep 22, 2026
Paid on: DFLV Sep 24, 2026; DFVX Sep 24, 2026
Frequency: DFLV Quarterly; DFVX Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

DFLVQuarterly · 16 paymentsAll DFLV payments⁠

DFVXQuarterly · 12 paymentsAll DFVX payments⁠

DFLV vs DFVX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DFLV 12.3%DFVX 11.3%since Dec 2023
Return per unit of riskSharpe ratio, 3 years: DFLV 1.38DFVX 1.18since Dec 2023
Worst fallMax drawdown, 5 years: DFLV −16.8%since Dec 2022DFVX −16.7%since Nov 2023
Market sensitivityBeta, 5 years: DFLV 0.80DFVX 0.90; Market = 1

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