DFLV vs ECML

DFLVADimensional US Large Cap Value ETF

ECMLDEuclidean Fundamental Value 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.

ECML Value investing run through deep neural networks: Euclidean's models hunt cheap NYSE and Nasdaq names, screen out the ones likely to stay cheap, and hold 60 to 70 of them. Boutique quant, boutique price.

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.

ECML The Fund seeks long-term capital appreciation through an actively managed, quantitative and systematic strategy investing in U.S. equity securities that the Sub-Adviser considers undervalued and under-appreciated.

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.

• ECML Two-sided machine learning: models estimate what a company is worth, and separately flag cheap stocks likely to keep disappointing, so value traps get screened out.euclideanetf.com
• Concentrated by design, generally 60 to 70 US stocks. Each name carries real weight instead of being diluted across hundreds of holdings.euclideanetf.com
• Fully systematic and rules-driven, so the process does not hinge on one manager's gut call. Financials are excluded from the universe altogether.euclideanetf.com

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.

• ECML At 0.95% a year, it costs well above the roughly 0.55% typical for active US value ETFs, and many times what systematic peers like AVLV (0.15%) or DFLV (0.21%) charge.
• A small, thinly traded fund. Spreads can be wide, so limit orders matter more here than in a mega-cap index product.
• Concentration plus a financials exclusion means results can wander far from broad value benchmarks in either direction, and the fund has only traded since 2023.euclideanetf.com

Full DFLV profile⁠

Full ECML profile⁠