DFLV vs GMOV: Grades, Fees and Holdings Compared

Dimensional US Large Cap Value ETF

DFLVANYSE Arca

GMO US Value ETF

GMOVBNYSE Arca

Overlap

42.6%by weight

Expense ratio

DFLV −0.29pt a year

DFLV0.21%GMOV0.50%

Avg volume · 30D

DFLV 45.3×the volume

DFLV658KGMOV14.5K

DFLV vs GMOV Performance

Oct 31, 2025 – Oct 30, 2026

+29.3%DFLV+29.5%GMOV

Expense ratio: DFLV 0.21%, better; GMOV 0.50%
Fund size: DFLV $7.39B; GMOV $101M
1Y total return: DFLV +29.3%; GMOV +29.5%, better
Yield (12M): DFLV 1.35%; GMOV 1.83%, better
Holdings: DFLV 336; GMOV 167
Avg volume (30D): DFLV 658K sh, better; GMOV 14.5K sh
NAV per share: DFLV $41.80; GMOV $33.22
52W range

ETF.net Grade

Pillar letters and Scores for DFLV, GMOV, with each pillar’s weight
Pillar	DFLV	GMOV
Cost30% weight	A92Higher	B57
Mission25% weight	Not scored	B57
Risk15% weight	A76	A87Higher
Tradability15% weight	A83Higher	C54
Holdings10% weight	A78Higher	B66
Durability5% weight	A83Higher	C53

Rank among US Active Value funds

How we build Categories ›

Same Category. DFLV and GMOV 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 GMOV 17th 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 17BFSEVFidelity Enhanced Small Cap Value ETFScore 63
Rank 17BGMOVGMO US Value ETFScore 63
Rank 20BFLVAmerican Century Focused Large Cap Value ETFScore 62

Our read on each fund

ETF.net Research

DFLVADimensional US Large Cap Value ETF

GMOVBGMO US 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.

GMOV GMO's quant value playbook in an ETF wrapper: proprietary models and relative valuation analysis picking US stocks, priced below the typical active value fund. Launched in late 2024, so the live record is still short.

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.

GMOV The Fund seeks total return through an actively managed strategy focused primarily on U.S. equities. GMO applies proprietary quantitative methods and relative valuation analysis to select securities it believes have attractive return potential.

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.

GMOV Genuinely active, not an index in disguise: GMO uses proprietary quantitative methods and relative valuation to pick US equities it sees as attractively priced.
At 0.50%, it undercuts the median fee in its active US value cohort, which is unusual for a boutique manager's first-generation ETF.
Sits in the upper half of dozens of active US value ETFs, with one of the milder risk profiles measured in the group.
Pays on a quarterly schedule, the standard rhythm for a US equity fund.

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.

GMOV Thinly traded and modest in size, so spreads can be wide. Limit orders matter more here than with a mega-fund.
Systematic value rivals cost far less: AVLV and SEIV run 0.15%, DFLV 0.21%. You are paying up for human-plus-model stock selection.
Live since October 2024, so risk and behavior can only be read off about a year of trading, not a full cycle.

Full DFLV profile⁠

Full GMOV profile⁠

DFLV vs GMOV Holdings

How DFLV and GMOV differ

Overlap by weight

42.6%

Shared holdings make up 73.4% of GMOV and 58.9% of DFLV.

Level by level

Holdings103 in both42.6%
Countryby domicile99.1%
Asset classEquity100%

Sector

No Sector split for GMOV.

Country, concentration and asset class

Country by domicile

Country weights in DFLV and GMOV, widest gap first
Country	More in DFLVMore in GMOV	DFLV	GMOV
China	DFLV +0.5 points	0.8%	0.3%
Other countries (7)	GMOV +0.6 points	99.2%	99.8%

Concentration

Weight in the 10 largest Holdings

DFLV25.0%
GMOV31.7%

Securities held

DFLV335
GMOV166

Asset class

DFLV: Equity
GMOV: Equity

Holdings

Only in DFLV232
In both103
Only in GMOV63

Only in DFLV

232 securities, 41.0% of DFLV by weight

New Linde PLC1.29%
Rtx Corp1.09%
Thermo Fisher Scientific.1.07%
Hewlett-Packard Enterpris0.96%
Morgan Stanley0.95%
Intel Corp0.88%
Norfolk Southern Corp.0.87%
Newmont Corp0.87%
Deere & Co.0.81%
Csx Corp0.79%
Slb Ltd0.78%
Analog Devices Inc.0.77%
Salesforce Inc0.75%
Freeport-Mcmoran Inc.0.69%
Alphabet Inc - Class A0.68%
Republic Services Inc0.64%
Emerson Elec Co0.63%
Delta Air Lines Inc.0.62%
United Rentals Inc.0.61%
Valero Energy Corp0.59%
Alphabet Inc0.57%
Crh PLC0.56%
Cummins Inc0.56%
Baker Hughes Co0.56%
Oneok Inc0.55%
Bank of New York Mellon0.50%
General Dynamics Corp.0.49%
Air Products & Chemicals0.49%
Diamondback Energy Inc0.47%
Ametek Inc0.47%
Agilent Technologies Inc0.40%
Paccar Inc.0.40%
Vulcan Materials Co.0.40%
Steel Dynamics Inc0.38%
Wabtec Corp0.38%
United Airlines Holdings0.37%
Iqvia Holdings Inc0.36%
Garmin Ltd0.35%
T-Mobile Us Inc0.35%
Carnival Corp Ltd0.34%
Accenture PLC0.34%
Williams Cos. Inc.0.33%
Elevance Health Inc0.33%
Raymond James Financial0.33%
Vertex Pharmaceuticals0.31%
Becton Dickinson & Co0.31%
Uber Technologies Inc0.31%
Quest Diagnostics Inc.0.31%
Johnson Controls Intl0.29%
Danaher Corp.0.29%

Only in GMOV

63 securities, 26.6% of GMOV by weight

Microsoft Corp7.30%
Adobe Inc1.39%
Elevance Health Inc1.24%
Pepsico Inc1.20%
Booz Allen Hamilton Holdings1.02%
Match Group Inc0.73%
Macy’s Inc0.71%
Apa Corp0.71%
American Express Co0.69%
H+r Block Inc0.58%
Hp Inc0.53%
Ebay Inc0.53%
State Str Instl Invt Tr0.51%
Lear Corp0.49%
Ameriprise Financial Inc0.43%
Radian Group Inc0.40%
Gap Inc/The0.36%
Crh PLC0.36%
Signet Jewelers Ltd0.34%
Academy Sports & Outdoors In0.32%
Mgic Investment Corp0.32%
Eastman Chemical Co0.32%
Avnet Inc0.30%
Kb Home0.29%
Ingredion Inc0.29%
Abercrombie & Fitch Co Class A0.28%
Oshkosh Corp0.28%
Fortune Brands Innovations I0.23%
Lowe’s Cos Inc0.23%
Mattel Inc0.21%
Agco Corp0.21%
Kimberly Clark Corp0.20%
Kbr Inc0.19%
Albertsons Cos Inc Class A0.19%
Bath & Body Works Inc0.18%
Colgate Palmolive Co0.17%
Meritage Homes Corp0.16%
Lincoln National Corp0.15%
Robert Half Inc0.15%
Bread Financial Holdings Inc0.15%
Vici Properties Inc0.15%
Lkq Corp0.14%
Slm Corp0.13%
Genpact Ltd0.13%
Commercial Metals Co0.13%
Becton Dickinson and Co0.12%
Yeti Holdings Inc0.12%
Group 1 Automotive Inc0.12%
Netapp Inc0.12%
Kohls Corp0.11%

Weight gaps

The 100 widest of 103 Holdings in both funds.

Holding weights in DFLV and GMOV, widest gap first
Holding	More in DFLVMore in GMOV	DFLV	GMOV
Amazon.com Inc.AMZN	DFLV +3.85 points	4.66%	0.81%
Meta Platforms IncMETA	GMOV +2.67 points	2.07%	4.74%
Berkshire Hathaway Cl-BBRK.B	DFLV +1.84 points	2.00%	0.16%
Merck & Company IncMRK	GMOV +1.75 points	0.77%	2.52%
JPMorgan Chase & CoJPM	DFLV +1.66 points	4.50%	2.84%
Progressive CorpPGR	GMOV +1.65 points	0.07%	1.72%
Pfizer Inc.PFE	GMOV +1.50 points	0.91%	2.41%
Regeneron PharmaceuticalsREGN	GMOV +1.49 points	0.26%	1.75%
Qualcomm Inc.QCOM	GMOV +1.36 points	0.04%	1.40%
Goldman Sachs Group Inc.GS	DFLV +1.24 points	1.34%	0.10%
Bristol-Myers Squibb Co.BMY	GMOV +1.23 points	0.75%	1.98%
Verizon CommunicationsVZ	GMOV +1.22 points	1.06%	2.28%
Capital One FinancialCOF	GMOV +1.12 points	0.40%	1.52%
Intuit Inc.INTU	GMOV +1.04 points	0.07%	1.11%
Cigna Group/TheCI	GMOV +0.99 points	0.69%	1.68%
Cvs Health CorpCVS	GMOV +0.97 points	0.42%	1.39%
Bank of America CorpBAC	GMOV +0.92 points	0.72%	1.64%
International Business MaIBM	GMOV +0.89 points	0.47%	1.36%
Medtronic PLCMDT	GMOV +0.67 points	0.48%	1.15%
U.s. BancorpUSB	GMOV +0.65 points	0.41%	1.06%
Allstate Corp.ALL	GMOV +0.65 points	0.71%	1.36%
Te Connectivity PLCTEL	DFLV +0.63 points	0.78%	0.15%
PayPal Holdings IncPYPL	GMOV +0.62 points	0.41%	1.03%
Citigroup Inc.C	GMOV +0.60 points	0.42%	1.02%
Pnc Financial Services GrPNC	GMOV +0.56 points	0.21%	0.77%
AT&T Inc.T	GMOV +0.56 points	0.72%	1.28%
General MotorsGM	DFLV +0.53 points	0.87%	0.34%
Nxp Semiconductors NVNXPI	DFLV +0.52 points	0.67%	0.15%
Chevron Corp.CVX	DFLV +0.50 points	2.12%	1.62%
Chubb LimitedCB	GMOV +0.49 points	0.49%	0.98%
Abbott LaboratoriesABT	DFLV +0.47 points	0.72%	0.25%
Ups Inc. Class BUPS	GMOV +0.46 points	0.38%	0.84%
Eog Resources Inc.EOG	GMOV +0.45 points	0.90%	1.35%
Phillips 66PSX	DFLV +0.39 points	0.70%	0.31%
UnitedHealth Group Inc.UNH	DFLV +0.37 points	1.60%	1.23%
Truist Financial CorpTFC	GMOV +0.35 points	0.23%	0.58%
Devon Energy Corp.DVN	GMOV +0.33 points	0.47%	0.80%
Kinder Morgan Inc.KMI	DFLV +0.34 points	0.40%	0.06%
Travelers Companies Inc.TRV	DFLV +0.32 points	0.92%	0.60%
Walt Disney Co/TheDIS	GMOV +0.32 points	0.39%	0.71%
Archer-Daniels-Midland CoADM	GMOV +0.30 points	0.13%	0.43%
American Int'l GroupAIG	GMOV +0.30 points	0.37%	0.67%
Comcast Corp New Class ACMCSA	GMOV +0.29 points	0.59%	0.88%
Autoliv IncALV	GMOV +0.29 points	<0.01%	0.29%
Fedex CorpFDX	DFLV +0.27 points	0.75%	0.48%
Target Corp.TGT	GMOV +0.27 points	0.71%	0.98%
Northrop Grumman Corp.NOC	GMOV +0.27 points	0.58%	0.85%
Wells Fargo & Co.WFC	DFLV +0.26 points	1.04%	0.78%
Cbre Group IncCBRE	DFLV +0.26 points	0.38%	0.12%
Occidental Petroleum CorpOXY	DFLV +0.25 points	0.65%	0.40%
M & T Bank Corp.MTB	GMOV +0.23 points	0.13%	0.36%
Cognizant Tech SolutionsCTSH	GMOV +0.23 points	0.28%	0.51%
Arch Capital Group LtdACGL	DFLV +0.22 points	0.33%	0.11%
Procter & Gamble Co/ThePG	GMOV +0.22 points	1.31%	1.53%
Dollar General Corp.DG	DFLV +0.22 points	0.27%	0.05%
ConocophillipsCOP	DFLV +0.22 points	1.09%	0.87%
Ge Healthcare TechnologieGEHC	DFLV +0.21 points	0.36%	0.15%
Franklin Templeton IncBEN	GMOV +0.20 points	<0.01%	0.20%
Zoom Communications IncZM	GMOV +0.20 points	0.08%	0.28%
Nike Inc. Class BNKE	DFLV +0.20 points	0.33%	0.13%
D.r. Horton Inc.DHI	GMOV +0.20 points	0.30%	0.50%
Humana IncorporatedHUM	GMOV +0.18 points	0.32%	0.50%
Aflac IncAFL	DFLV +0.18 points	0.37%	0.19%
General Mills IncGIS	GMOV +0.18 points	0.03%	0.21%
Mondelez IntlMDLZ	DFLV +0.17 points	0.54%	0.37%
Universal Health ServicesUHS	GMOV +0.16 points	<0.01%	0.16%
Hartford Insurance GroupHIG	GMOV +0.15 points	0.42%	0.57%
Resmed IncRMD	DFLV +0.14 points	0.25%	0.11%
Nucor Corp.NUE	DFLV +0.13 points	0.56%	0.43%
Brown-Forman Corp - BBF.B	GMOV +0.13 points	<0.01%	0.13%
State Street Corp.STT	GMOV +0.13 points	0.35%	0.48%
T. Rowe Price Group Inc.TROW	GMOV +0.13 points	0.12%	0.25%
Best Buy Co. Inc.BBY	GMOV +0.12 points	0.03%	0.15%
Metlife Inc.MET	DFLV +0.12 points	0.65%	0.53%
Leidos HoldingsLDOS	GMOV +0.11 points	0.07%	0.18%
Ppg Industries IncPPG	DFLV +0.11 points	0.28%	0.17%
Exxonmobil Holdings CorpXOM	GMOV +0.11 points	4.09%	4.20%
Halliburton CoHAL	DFLV +0.11 points	0.27%	0.16%
Incyte CorpINCY	DFLV +0.11 points	0.20%	0.09%
Prudential Financial IncPRU	GMOV +0.11 points	0.21%	0.32%
Borg-Warner Inc.BWA	GMOV +0.10 points	0.01%	0.11%
Expand Energy CorpEXE	DFLV +0.11 points	0.17%	0.06%
Marathon Petroleum Corp.MPC	GMOV +0.10 points	<0.01%	0.10%
Kenvue IncKVUE	GMOV +0.08 points	0.36%	0.44%
Fox Corp - Class AFOXA	DFLV +0.09 points	0.14%	0.05%
Roper Technologies IncROP	GMOV +0.09 points	0.10%	0.19%
Lennar Corp.LEN	GMOV +0.07 points	0.04%	0.11%
Omnicom Group Inc.OMC	DFLV +0.07 points	0.13%	0.06%
Ford Motor CoF	DFLV +0.06 points	0.52%	0.46%
Fox Corp - Class BFOX	GMOV +0.05 points	0.10%	0.15%
Cisco Systems Inc.CSCO	DFLV +0.05 points	0.21%	0.16%
Solventum CorpSOLV	GMOV +0.05 points	<0.01%	0.05%
Johnson & JohnsonJNJ	GMOV +0.05 points	1.07%	1.12%
Unum GroupUNM	GMOV +0.05 points	0.03%	0.08%
Toll Brothers IncTOL	GMOV +0.04 points	0.02%	0.06%
Globe Life IncGL	GMOV +0.04 points	0.02%	0.06%
Synchrony FinancialSYF	DFLV +0.03 points	0.28%	0.25%
Kraft Heinz Co/TheKHC	DFLV +0.03 points	0.09%	0.06%
Kroger Co.KR	DFLV +0.02 points	0.45%	0.43%
Pulte Group Inc.PHM	DFLV +0.02 points	0.23%	0.21%

All 343 DFLV holdings⁠All GMOV 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 GMOV Cost

Overpaying GMOV vs DFLV

$5,622

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

DFLV 0.21%
$4,357
GMOV 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

DFLV 0.21%
GMOV 0.50%
Overpaying

Year by year

Year	DFLV	GMOV	Overpaying
10	$383	$900	$517
20	$1,491	$3,460	$1,969
30	$4,357	$9,979	$5,622

Expense ratio

0.21%DFLV, cheaper
0.50%GMOV

DFLV0.21%GMOV0.50%

0.12%1.25%

Middle half of US Active Value funds
Median 0.54%

DFLV 6th cheapest of 64 funds

GMOV 26th cheapest of 64 funds

DFLV vs GMOV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFLV 1.35%; GMOV 1.83%, better
Payout (12M): DFLV $0.57; GMOV $0.61
Last payment: DFLV $0.16; GMOV $0.17
Ex-dividend: DFLV Sep 22, 2026; GMOV Sep 30, 2026
Paid on: DFLV Sep 24, 2026; GMOV Oct 1, 2026
Frequency: DFLV Quarterly; GMOV Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

DFLVQuarterly · 16 paymentsAll DFLV payments⁠

GMOVQuarterly · 8 paymentsAll GMOV payments⁠

DFLV vs GMOV 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%GMOV 12.6%since Nov 2024
Return per unit of riskSharpe ratio, 3 years: DFLV 1.38GMOV 1.10since Nov 2024
Worst fallMax drawdown, 5 years: DFLV −16.8%since Dec 2022GMOV −16.7%since Oct 2024
Market sensitivityBeta, 5 years: DFLV 0.80GMOV 0.65; Market = 1

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