DFLV vs FBCV: Grades, Fees and Holdings Compared

Dimensional US Large Cap Value ETF

DFLVANYSE Arca

Fidelity Blue Chip Value ETF

FBCVCCboe

Overlap

28.9%by weight

Expense ratio

DFLV −0.36pt a year

DFLV0.21%FBCV0.57%

Avg volume · 30D

DFLV 40.7×the volume

DFLV658KFBCV16.2K

3Y return · a year

DFLV +2.7pt

DFLV+22.7%FBCV+20.0%

DFLV vs FBCV Performance

Oct 31, 2025 – Oct 30, 2026

+29.3%DFLV+29.6%FBCV

Expense ratio: DFLV 0.21%, better; FBCV 0.57%
Fund size: DFLV $7.39B; FBCV $184M
1Y total return: DFLV +29.3%; FBCV +29.6%, better
Yield (12M): DFLV 1.35%; FBCV 2.30%, better
Holdings: DFLV 336; FBCV 114
Avg volume (30D): DFLV 658K sh, better; FBCV 16.2K sh
NAV per share: DFLV $41.80; FBCV $43.70
52W range

ETF.net Grade

Pillar letters and Scores for DFLV, FBCV, with each pillar’s weight
Pillar	DFLV	FBCV
Cost30% weight	A92Higher	C41
Mission25% weight	Not scored	Not scored
Risk15% weight	A76Higher	A75
Tradability15% weight	A83Higher	C44
Holdings10% weight	A78Higher	B61
Durability5% weight	A83Higher	B69

Rank among US Active Value funds

How we build Categories ›

Same Category. DFLV and FBCV 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 FBCV 31st of 64 funds in the US Active Value Category.

Rank 1AAVLVAvantis U.S. Large Cap Value ETFScore 86
Rank 1AWTVWisdomTree U.S. Value FundScore 86
Rank 3ASEIVSEI QiM U.S. Large Cap Value Active ETFScore 85
Rank 4ADFLVDimensional US Large Cap Value ETFScore 84
Rank 5AAVMVAvantis U.S. Mid Cap Value ETFScore 79
Rank 30CTALVTransamerica Large Value Active ETFScore 53
Rank 31CFBCVFidelity Blue Chip Value ETFScore 52
Rank 32CGSPYGotham Enhanced 500 ETFScore 51

Our read on each fund

ETF.net Research

DFLVADimensional US Large Cap Value ETF

FBCVCFidelity Blue Chip 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.

FBCV A stock-picker's value fund, not a screen. Fidelity's managers run a concentrated book of large caps they judge to be trading well below what the businesses are worth, in an aisle crowded with cheap rules-based rivals.

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.

FBCV The fund seeks capital appreciation through a concentrated, large-cap value strategy focused on companies trading meaningfully below estimated intrinsic value and offering a margin of safety.

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.

FBCV Genuinely active: a concentrated portfolio of large caps the managers judge to be trading meaningfully below intrinsic value, with a margin of safety, rather than a rules-based screen.fidelity.com
Holdings quality and risk profile both land in the upper half of its active US value peer group.
Live since 2020, so there's a real record to judge instead of a backtest, and the fund pays out quarterly.

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.

FBCV 0.57% is active pricing. Systematic value rivals in the same peer group charge a fraction (AVLV 0.15%, WTV 0.12%), a gap the stock picking has to cover.
Trades lightly and stays modest in size, so bid-ask spreads can run wider than at the category's household names.
Concentrated by design: individual stock calls move results more than they would in a broad value index.

Full DFLV profile⁠

Full FBCV profile⁠

DFLV vs FBCV Holdings

How DFLV and FBCV differ

Overlap by weight

28.9%

Shared holdings make up 55.4% of FBCV and 32.5% of DFLV.

Level by level

Holdings53 in both28.9%
Sector11 Sectors83.3%
Countryby domicile91.5%
Asset classEquity100%

Sector

Sector weights in DFLV and FBCV, widest gap first
Sector	More in DFLVMore in FBCV	DFLV	FBCV
Energy	DFLV +6.7 points	14.9%	8.2%
Technology	FBCV +5.9 points	9.1%	15.0%
Communication	DFLV +3.9 points	7.0%	3.1%
Consumer Discretionary	FBCV +3.7 points	8.4%	12.1%
Consumer Staples	FBCV +3.5 points	4.8%	8.3%
Financials	DFLV +2.2 points	21.7%	19.5%
Materials	DFLV +2.0 points	6.8%	4.8%
Industrials	DFLV +1.9 points	12.9%	11.0%
Health Care	FBCV +1.9 points	14.0%	15.9%
Utilities	FBCV +1.5 points	0.0%	1.5%
Real Estate	FBCV +0.2 points	0.4%	0.6%

Country, concentration and asset class

Country by domicile

Country weights in DFLV and FBCV, widest gap first
Country	More in DFLVMore in FBCV	DFLV	FBCV
United States	DFLV +8.1 points	98.0%	89.9%
United Kingdom	FBCV +5.9 points	0.2%	6.1%
Canada	FBCV +1.4 points	0.0%	1.4%
Switzerland	FBCV +0.7 points	0.8%	1.5%
Taiwan	FBCV +0.5 points	0.0%	0.5%
Other countries (3)	DFLV +0.5 points	1.0%	0.5%

Concentration

Weight in the 10 largest Holdings

DFLV25.0%
FBCV33.4%

Securities held

DFLV335
FBCV114

Asset class

DFLV: Equity
FBCV: Equity

Holdings

Only in DFLV282
In both53
Only in FBCV61

Only in DFLV

282 securities, 67.4% of DFLV by weight

JPMorgan Chase & Co4.50%
Berkshire Hathaway Cl-B2.00%
Goldman Sachs Group Inc.1.34%
New Linde PLC1.29%
Rtx Corp1.09%
Johnson & Johnson1.07%
Verizon Communications1.06%
Hewlett-Packard Enterpris0.96%
Morgan Stanley0.95%
Pfizer Inc.0.91%
Eog Resources Inc.0.90%
Intel Corp0.88%
Norfolk Southern Corp.0.87%
General Motors0.87%
Csx Corp0.79%
Slb Ltd0.78%
Analog Devices Inc.0.77%
Fedex Corp0.75%
AT&T Inc.0.72%
Abbott Laboratories0.72%
Allstate Corp.0.71%
Phillips 660.70%
Freeport-Mcmoran Inc.0.69%
Alphabet Inc - Class A0.68%
Nxp Semiconductors NV0.67%
Metlife Inc.0.65%
Occidental Petroleum Corp0.65%
Republic Services Inc0.64%
Emerson Elec Co0.63%
Delta Air Lines Inc.0.62%
United Rentals Inc.0.61%
Comcast Corp New Class A0.59%
Valero Energy Corp0.59%
Northrop Grumman Corp.0.58%
Alphabet Inc0.57%
Nucor Corp.0.56%
Crh PLC0.56%
Cummins Inc0.56%
Baker Hughes Co0.56%
Oneok Inc0.55%
Mondelez Intl0.54%
Ford Motor Co0.52%
Bank of New York Mellon0.50%
Chubb Limited0.49%
Air Products & Chemicals0.49%
Medtronic PLC0.48%
International Business Ma0.47%
Diamondback Energy Inc0.47%
Ametek Inc0.47%
Devon Energy Corp.0.47%

Only in FBCV

61 securities, 44.6% of FBCV by weight

Microsoft Corp6.01%
Apple Inc4.21%
Shell PLC ADR1.96%
Gilead Sciences Inc1.80%
Astrazeneca PLC (United States)1.53%
Chubb Ltd1.46%
Gsk PLC Adr1.23%
Visa Inc Class A1.08%
British American Tobacco PLC ADR1.04%
Kimberly-Clark Corp1.02%
S&P Global Inc1.01%
Lowe’s Cos Inc0.96%
Elevance Health Inc0.80%
Gen Digital Inc0.79%
Warner Bros Discovery Inc0.79%
Moody’s Corp0.79%
Imperial Oil Ltd (United States)0.79%
Marsh & McLennan Cos Inc0.79%
Skyworks Solutions Inc0.78%
Colgate-Palmolive Co0.76%
GoDaddy Inc Class A0.72%
Acuity Inc0.69%
Eversource Energy0.64%
PG&E Corp0.61%
Ameriprise Financial Inc0.59%
Tetra Tech Inc0.58%
Nutrien Ltd (United States)0.58%
ExlService Holdings Inc0.55%
Ross Stores Inc0.54%
Willis Towers Watson PLC0.52%
H&R Block Inc0.51%
Unilever PLC ADR0.50%
AerCap Holdings NV0.49%
Annaly Capital Management Inc0.46%
Allison Transmission Holdings Inc0.44%
Domino’s Pizza Inc0.43%
Cooper Cos Inc/The0.43%
Taiwan Semiconductor Manufacturing Co Ltd ADR0.43%
Henry Schein Inc0.39%
Sprouts Farmers Market Inc0.39%
NewMarket Corp0.31%
Pentair PLC0.31%
National Grid PLC ADR0.30%
Maximus Inc0.29%
Paycom Software Inc0.28%
PVH Corp0.28%
Rush Enterprises Inc Class A0.27%
UGI Corp0.26%
Lithia Motors Inc0.26%
Cabot Corp0.25%

Weight gaps

All 53 Holdings in both funds, largest gap first.

Holding weights in DFLV and FBCV, widest gap first
Holding	More in DFLVMore in FBCV	DFLV	FBCV
Chevron Corp.CVX	DFLV +1.92 points	2.12%	0.20%
Amazon.com Inc.AMZN	FBCV +1.92 points	4.66%	6.58%
Keurig Dr Pepper IncKDP	FBCV +1.86 points	0.16%	2.02%
Merck & Company IncMRK	FBCV +1.77 points	0.77%	2.54%
Bank of America CorpBAC	FBCV +1.67 points	0.72%	2.39%
M & T Bank Corp.MTB	FBCV +1.16 points	0.13%	1.29%
Travelers Companies Inc.TRV	FBCV +1.14 points	0.92%	2.06%
The Charles Schwab Corp.SCHW	FBCV +1.06 points	0.10%	1.16%
Corteva IncCTVA	FBCV +0.97 points	0.03%	1.00%
ConocophillipsCOP	FBCV +0.84 points	1.09%	1.93%
Boston Scientific Corp.BSX	FBCV +0.76 points	0.13%	0.89%
Textron IncTXT	FBCV +0.74 points	0.08%	0.82%
Biogen IncBIIB	FBCV +0.72 points	0.10%	0.82%
Bristol-Myers Squibb Co.BMY	DFLV +0.66 points	0.75%	0.09%
Coeur Mining IncCDE	FBCV +0.61 points	<0.01%	0.61%
Crown Holdings IncCCK	FBCV +0.60 points	<0.01%	0.61%
Capital One FinancialCOF	FBCV +0.53 points	0.40%	0.93%
Salesforce IncCRM	FBCV +0.52 points	0.75%	1.27%
Td Synnex CorpSNX	FBCV +0.51 points	0.09%	0.60%
SS&C TechnologiesSSNC	FBCV +0.50 points	0.13%	0.63%
Omnicom Group Inc.OMC	FBCV +0.47 points	0.13%	0.60%
Deere & Co.DE	FBCV +0.45 points	0.81%	1.26%
L3HARRIS Technologies IncLHX	FBCV +0.45 points	0.25%	0.70%
U.s. BancorpUSB	FBCV +0.45 points	0.41%	0.86%
Exxonmobil Holdings CorpXOM	DFLV +0.43 points	4.09%	3.66%
Newmont CorpNEM	FBCV +0.42 points	0.87%	1.29%
Labcorp Holdings IncLH	FBCV +0.40 points	0.22%	0.62%
Global Payments IncGPN	FBCV +0.38 points	0.05%	0.43%
Wabtec CorpWAB	FBCV +0.37 points	0.38%	0.75%
Ferguson Enterprises IncFERG	FBCV +0.36 points	<0.01%	0.37%
Viatris IncVTRS	FBCV +0.36 points	0.08%	0.44%
Mohawk Industries IncMHK	FBCV +0.35 points	<0.01%	0.35%
Thermo Fisher Scientific.TMO	FBCV +0.34 points	1.07%	1.41%
Jones Lang Lasalle Inc.JLL	FBCV +0.33 points	<0.01%	0.34%
Expeditors Intl Wash IncEXPD	FBCV +0.32 points	<0.01%	0.32%
Northern Trust CorpNTRS	FBCV +0.30 points	0.29%	0.59%
Deckers Outdoor CorpDECK	FBCV +0.29 points	<0.01%	0.29%
Kroger Co.KR	FBCV +0.29 points	0.45%	0.74%
General Dynamics Corp.GD	FBCV +0.28 points	0.49%	0.77%
Cigna Group/TheCI	FBCV +0.26 points	0.69%	0.95%
Toll Brothers IncTOL	FBCV +0.26 points	0.02%	0.28%
Fidelity National FinanciFNF	FBCV +0.24 points	<0.01%	0.24%
Leidos HoldingsLDOS	FBCV +0.23 points	0.07%	0.30%
Dover CorpDOV	FBCV +0.24 points	0.26%	0.50%
Te Connectivity PLCTEL	DFLV +0.22 points	0.78%	0.56%
UnitedHealth Group Inc.UNH	DFLV +0.22 points	1.60%	1.38%
Hartford Insurance GroupHIG	FBCV +0.21 points	0.42%	0.63%
Cvs Health CorpCVS	FBCV +0.20 points	0.42%	0.62%
Wells Fargo & Co.WFC	FBCV +0.20 points	1.04%	1.24%
Meta Platforms IncMETA	DFLV +0.13 points	2.07%	1.94%
Target Corp.TGT	FBCV +0.06 points	0.71%	0.77%
Ups Inc. Class BUPS	FBCV +0.05 points	0.38%	0.43%
Procter & Gamble Co/ThePG	FBCV +0.04 points	1.31%	1.35%

All 343 DFLV holdings⁠All FBCV 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 FBCV Cost

Overpaying FBCV vs DFLV

$6,914

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

DFLV 0.21%
$4,357
FBCV 0.57%
$11,271

Amount$10,000

Years30 years

Cost over time

DFLV 0.21%
FBCV 0.57%
Overpaying

Year by year

Year	DFLV	FBCV	Overpaying
10	$383	$1,023	$640
20	$1,491	$3,921	$2,430
30	$4,357	$11,271	$6,914

Expense ratio

0.21%DFLV, cheaper
0.57%FBCV

DFLV0.21%FBCV0.57%

0.12%1.25%

Middle half of US Active Value funds
Median 0.54%

DFLV 6th cheapest of 64 funds

FBCV 41st cheapest of 64 funds

DFLV vs FBCV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFLV 1.35%; FBCV 2.30%, better
Payout (12M): DFLV $0.57; FBCV $1.01
Last payment: DFLV $0.16; FBCV $0.12
Ex-dividend: DFLV Sep 22, 2026; FBCV Sep 18, 2026
Paid on: DFLV Sep 24, 2026; FBCV Sep 22, 2026
Frequency: DFLV Quarterly; FBCV Quarterly

Distribution history

Per share, 2020 to 2026, same scale for both

DFLVQuarterly · 16 paymentsAll DFLV payments⁠

FBCVQuarterly · 26 paymentsAll FBCV payments⁠

DFLV vs FBCV 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%FBCV 11.1%, better
Return per unit of riskSharpe ratio, 3 years: DFLV 1.38, betterFBCV 1.30
Worst fallMax drawdown, 5 years: DFLV −16.8%since Dec 2022FBCV −15.5%
Market sensitivityBeta, 5 years: DFLV 0.80FBCV 0.61; Market = 1

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