DFLV vs ITAN: Grades, Fees and Holdings Compared

Dimensional US Large Cap Value ETF

DFLVANYSE Arca

Sparkline Intangible Value ETF

ITANBNYSE Arca

Overlap

27.0%by weight

Expense ratio

DFLV −0.29pt a year

DFLV0.21%ITAN0.50%

Avg volume · 30D

DFLV 59.4×the volume

DFLV658KITAN11.1K

3Y return · a year

ITAN +4.3pt

DFLV+21.8%ITAN+26.1%

DFLV vs ITAN Performance

Oct 31, 2025 – Nov 2, 2026

+29.6%DFLV+26.3%ITAN

Expense ratio: DFLV 0.21%, better; ITAN 0.50%
Fund size: DFLV $7.39B; ITAN $123M
1Y total return: DFLV +29.6%, better; ITAN +26.3%
Yield (12M): DFLV 1.35%, better; ITAN 0.98%
Holdings: DFLV 336; ITAN 152
Avg volume (30D): DFLV 658K sh, better; ITAN 11.1K sh
NAV per share: DFLV $41.86; ITAN $44.75
52W range

ETF.net Grade

Pillar letters and Scores for DFLV, ITAN, with each pillar’s weight
Pillar	DFLV	ITAN
Cost30% weight	A92Higher	B57
Mission25% weight	Not scored	Not scored
Risk15% weight	A72Higher	C43
Tradability15% weight	A82Higher	B60
Holdings10% weight	A78	A80Higher
Durability5% weight	A83Higher	B56

Rank among US Active Value funds

How we build Categories ›

Same Category. DFLV and ITAN 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 ITAN 25th 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 24BASLVAllspring Special Large Value ETFScore 58
Rank 25BITANSparkline Intangible Value ETFScore 57
Rank 25BLSVDLSV Disciplined Value ETFScore 57

Our read on each fund

ETF.net Research

DFLVADimensional US Large Cap Value ETF

ITANBSparkline Intangible 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.

ITAN Value investing rewritten for an asset-light economy. Patents, brands, talent and networks never show up on a balance sheet, so ITAN scores them with language models and then hunts for the ones priced too cheaply.

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.

ITAN The Fund pursues 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.

ITAN Book value misses patents, brands, talent and networks. Sparkline reads patents, job postings and earnings calls with natural language processing to price what accountants leave out.sparklinecapital.com
0.50% a year, below the median for its US value peer group. Unusual restraint for a boutique shop selling proprietary research.
Sits in the upper half of a crowded active US value field, with the portfolio construction its strongest feature.
Live since 2021 on a broad US large-cap opportunity set, measured against the Solactive GBS United States 1000. This is mainstream America seen through a different lens, not a micro-cap corner.

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.

ITAN Fully active, no index to hug. The holdings reflect one firm's model of intangible worth and can look nothing like a classic price-to-book screen.sparklinecapital.com
You pay for the research. Systematic value peers like AVLV (0.15%) and WTV (0.12%) charge a fraction for a rules-based version of the same style box.
A small, lightly traded boutique fund, so spreads can run wider than the household-name value ETFs.

Full DFLV profile⁠

Full ITAN profile⁠

DFLV vs ITAN Holdings

How DFLV and ITAN differ

Overlap by weight

27.0%

Shared holdings make up 65.8% of ITAN and 28.1% of DFLV.

Level by level

Holdings75 in both27.0%
Sector11 Sectors59.0%
Countryby domicile98.0%
Asset classEquity100%

Sector

Sector weights in DFLV and ITAN, widest gap first
Sector	More in DFLVMore in ITAN	DFLV	ITAN
Technology	ITAN +27.1 points	9.1%	36.2%
Financials	DFLV +17.5 points	21.7%	4.2%
Energy	DFLV +14.5 points	14.9%	0.4%
Consumer Discretionary	ITAN +5.7 points	8.4%	14.1%
Materials	DFLV +5.2 points	6.8%	1.6%
Communication	ITAN +4.1 points	7.0%	11.1%
Health Care	ITAN +4.1 points	14.0%	18.1%
Industrials	DFLV +2.4 points	12.9%	10.5%
Consumer Staples	DFLV +1.3 points	4.8%	3.5%
Utilities	Same weight	0.0%	0.0%
Real Estate	Same weight	0.4%	0.4%

Country, concentration and asset class

Country by domicile

Country weights in DFLV and ITAN, widest gap first
Country	More in DFLVMore in ITAN	DFLV	ITAN
United States	ITAN +1.7 points	98.0%	99.7%
Switzerland	DFLV +0.8 points	0.8%	0.0%
China	DFLV +0.8 points	0.8%	0.0%
Other countries (4)	DFLV +0.1 points	0.4%	0.3%

Concentration

Weight in the 10 largest Holdings

DFLV25.0%
ITAN20.3%

Securities held

DFLV335
ITAN151

Asset class

DFLV: Equity
ITAN: Equity

Holdings

Only in DFLV260
In both75
Only in ITAN76

Only in DFLV

260 securities, 71.8% of DFLV by weight

JPMorgan Chase & Co4.44%
Exxonmobil Holdings Corp4.20%
Chevron Corp.2.17%
Meta Platforms Inc2.05%
Berkshire Hathaway Cl-B2.02%
UnitedHealth Group Inc.1.59%
Procter & Gamble Co/The1.33%
New Linde PLC1.33%
Goldman Sachs Group Inc.1.30%
Conocophillips1.12%
Rtx Corp1.10%
Johnson & Johnson1.07%
Thermo Fisher Scientific.1.05%
Wells Fargo & Co.1.03%
Morgan Stanley0.93%
Eog Resources Inc.0.93%
Travelers Companies Inc.0.92%
Norfolk Southern Corp.0.88%
Newmont Corp0.84%
Deere & Co.0.83%
Csx Corp0.79%
Slb Ltd0.78%
Te Connectivity PLC0.75%
Analog Devices Inc.0.75%
Abbott Laboratories0.73%
Phillips 660.72%
Bank of America Corp0.71%
Cigna Group/The0.69%
Republic Services Inc0.67%
Occidental Petroleum Corp0.66%
Freeport-Mcmoran Inc.0.65%
Metlife Inc.0.64%
Emerson Elec Co0.62%
Valero Energy Corp0.61%
United Rentals Inc.0.60%
Baker Hughes Co0.57%
Crh PLC0.57%
Nucor Corp.0.56%
Oneok Inc0.56%
Mondelez Intl0.56%
Cummins Inc0.54%
Air Products & Chemicals0.50%
Bank of New York Mellon0.50%
Chubb Limited0.50%
Diamondback Energy Inc0.48%
Devon Energy Corp.0.48%
Ametek Inc0.45%
Hartford Insurance Group0.42%
Citigroup Inc.0.42%
U.s. Bancorp0.41%

Only in ITAN

76 securities, 34.1% of ITAN by weight

Adobe Inc1.28%
Lockheed Martin Corp1.27%
Boeing Co/The1.07%
Becton Dickinson & Co0.97%
Workday Inc0.87%
Block Inc0.85%
Dell Technologies Inc0.81%
eBay Inc0.80%
Atlassian Corp0.73%
NetApp Inc0.70%
Expedia Group Inc0.67%
HP Inc0.65%
Illumina Inc0.63%
Autodesk Inc0.63%
Stanley Black & Decker Inc0.55%
Roku Inc0.54%
Docusign Inc0.53%
Skyworks Solutions Inc0.53%
Gartner Inc0.50%
CACI International Inc0.48%
Nutanix Inc0.48%
Zebra Technologies Corp0.48%
Maplebear Inc0.47%
Fiserv Inc0.47%
Wayfair Inc0.46%
Booz Allen Hamilton Holding Corp0.45%
Baxter International Inc0.43%
Molina Healthcare Inc0.42%
Lululemon Athletica Inc0.42%
Jazz Pharmaceuticals PLC0.42%
Hasbro Inc0.42%
Viasat Inc0.41%
Davita Inc0.40%
Etsy Inc0.39%
Pinterest Inc0.38%
American Airlines Group Inc0.38%
Bio-Rad Laboratories Inc0.38%
Aecom0.38%
Dropbox Inc0.37%
CDW Corp/DE0.37%
News Corp0.36%
SentinelOne Inc0.35%
Neurocrine Biosciences Inc0.35%
Match Group Inc0.34%
UiPath Inc0.34%
Align Technology Inc0.34%
EPAM Systems Inc0.34%
Snap Inc0.33%
Elanco Animal Health Inc0.33%
Avery Dennison Corp0.33%

Weight gaps

All 75 Holdings in both funds, largest gap first.

Holding weights in DFLV and ITAN, widest gap first
Holding	More in DFLVMore in ITAN	DFLV	ITAN
Qualcomm Inc.QCOM	ITAN +1.68 points	0.04%	1.72%
International Business MaIBM	ITAN +1.62 points	0.48%	2.10%
Cisco Systems Inc.CSCO	ITAN +1.46 points	0.21%	1.67%
Accenture PLCACN	ITAN +1.33 points	0.36%	1.69%
Intel CorpINTC	ITAN +1.24 points	0.63%	1.87%
Capital One FinancialCOF	ITAN +1.04 points	0.39%	1.43%
Salesforce IncCRM	ITAN +1.02 points	0.75%	1.77%
Medtronic PLCMDT	ITAN +1.01 points	0.48%	1.49%
Merck & Company IncMRK	ITAN +1.00 points	0.79%	1.79%
Cvs Health CorpCVS	ITAN +0.98 points	0.42%	1.40%
Honeywell International IHON	ITAN +0.96 points	0.09%	1.05%
Walt Disney Co/TheDIS	ITAN +0.92 points	0.39%	1.31%
T-Mobile Us IncTMUS	ITAN +0.83 points	0.37%	1.20%
Uber Technologies IncUBER	ITAN +0.79 points	0.31%	1.10%
Intuit Inc.INTU	ITAN +0.79 points	0.07%	0.86%
Pfizer Inc.PFE	ITAN +0.72 points	0.93%	1.65%
AT&T Inc.T	ITAN +0.71 points	0.74%	1.45%
Biogen IncBIIB	ITAN +0.69 points	0.10%	0.79%
Okta IncOKTA	ITAN +0.64 points	0.07%	0.71%
Centene CorpCNC	ITAN +0.64 points	0.10%	0.74%
Dow IncDOW	ITAN +0.61 points	0.07%	0.68%
Nike Inc. Class BNKE	ITAN +0.59 points	0.33%	0.92%
Best Buy Co. Inc.BBY	ITAN +0.56 points	0.03%	0.59%
Viatris IncVTRS	ITAN +0.52 points	0.08%	0.60%
Leidos HoldingsLDOS	ITAN +0.52 points	0.07%	0.59%
Zoom Communications IncZM	ITAN +0.51 points	0.08%	0.59%
Humana IncorporatedHUM	ITAN +0.51 points	0.32%	0.83%
Bristol-Myers Squibb Co.BMY	ITAN +0.52 points	0.76%	1.28%
Comcast Corp New Class ACMCSA	ITAN +0.51 points	0.62%	1.13%
Northrop Grumman Corp.NOC	ITAN +0.51 points	0.58%	1.09%
L3HARRIS Technologies IncLHX	ITAN +0.49 points	0.25%	0.74%
Charter CommunicationsCHTR	ITAN +0.49 points	<0.01%	0.49%
PayPal Holdings IncPYPL	ITAN +0.47 points	0.41%	0.88%
Twilio IncTWLO	ITAN +0.47 points	0.09%	0.56%
Jones Lang Lasalle Inc.JLL	ITAN +0.47 points	<0.01%	0.48%
Kraft Heinz Co/TheKHC	ITAN +0.46 points	0.09%	0.55%
Jacobs Solutions IncJ	ITAN +0.46 points	0.06%	0.52%
Alphabet Inc - Class AGOOGL	DFLV +0.45 points	0.67%	0.22%
Labcorp Holdings IncLH	ITAN +0.43 points	0.22%	0.65%
Cognizant Tech SolutionsCTSH	ITAN +0.42 points	0.29%	0.71%
Verizon CommunicationsVZ	ITAN +0.42 points	1.09%	1.51%
Iqvia Holdings IncIQV	ITAN +0.40 points	0.35%	0.75%
Zimmer Biomet HoldingsZBH	ITAN +0.40 points	0.04%	0.44%
Akamai Technologies Inc.AKAM	ITAN +0.41 points	0.04%	0.45%
Arrow Electronics IncARW	ITAN +0.40 points	<0.01%	0.40%
Rivian Automotive IncRIVN	ITAN +0.39 points	0.03%	0.41%
Trimble Navigation Ltd.TRMB	ITAN +0.38 points	0.01%	0.39%
Ford Motor CoF	ITAN +0.37 points	0.52%	0.89%
General Mills IncGIS	ITAN +0.37 points	0.03%	0.40%
Citizens Financial GroupCFG	ITAN +0.37 points	0.08%	0.45%
Target Corp.TGT	ITAN +0.35 points	0.73%	1.08%
Alphabet IncGOOG	DFLV +0.35 points	0.57%	0.22%
Unity Software IncU	ITAN +0.34 points	<0.01%	0.34%
Ally Financial IncALLY	ITAN +0.33 points	<0.01%	0.34%
Dupont De Nemours IncDD	ITAN +0.33 points	0.08%	0.41%
Biomarin PharmaceuticalBMRN	ITAN +0.32 points	<0.01%	0.32%
United Airlines HoldingsUAL	ITAN +0.32 points	0.36%	0.68%
Textron IncTXT	ITAN +0.31 points	0.08%	0.39%
Autoliv IncALV	ITAN +0.30 points	<0.01%	0.30%
Molson CoorsTAP	ITAN +0.28 points	<0.01%	0.28%
Fedex CorpFDX	ITAN +0.27 points	0.77%	1.04%
Quest Diagnostics Inc.DGX	ITAN +0.27 points	0.31%	0.58%
Southwest AirlinesLUV	ITAN +0.27 points	0.18%	0.45%
Halliburton CoHAL	ITAN +0.27 points	0.27%	0.54%
F5 IncFFIV	ITAN +0.26 points	0.10%	0.36%
Nxp Semiconductors NVNXPI	ITAN +0.26 points	0.66%	0.92%
Borg-Warner Inc.BWA	ITAN +0.24 points	0.01%	0.25%
General MotorsGM	ITAN +0.23 points	0.89%	1.12%
Ppg Industries IncPPG	ITAN +0.22 points	0.28%	0.50%
Hewlett-Packard EnterprisHPE	DFLV +0.13 points	0.90%	0.77%
Kroger Co.KR	ITAN +0.11 points	0.46%	0.57%
Amazon.com Inc.AMZN	DFLV +0.07 points	4.62%	4.55%
General Dynamics Corp.GD	DFLV +0.06 points	0.50%	0.44%
Allstate Corp.ALL	ITAN +0.04 points	0.73%	0.77%
Delta Air Lines Inc.DAL	ITAN +0.03 points	0.62%	0.65%

All 343 DFLV holdings⁠All 154 ITAN 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 ITAN Cost

Overpaying ITAN vs DFLV

$5,622

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

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

Amount$10,000

Years30 years

Cost over time

DFLV 0.21%
ITAN 0.50%
Overpaying

Year by year

Year	DFLV	ITAN	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%ITAN

DFLV0.21%ITAN0.50%

0.12%1.25%

Middle half of US Active Value funds
Median 0.55%

DFLV 6th cheapest of 64 funds

ITAN 26th cheapest of 64 funds

DFLV vs ITAN Dividends

Last 12 months to Nov 2, 2026

Yield (12M): DFLV 1.35%, better; ITAN 0.98%
Payout (12M): DFLV $0.57; ITAN $0.44
Last payment: DFLV $0.16; ITAN $0.14
Ex-dividend: DFLV Sep 22, 2026; ITAN Sep 28, 2026
Paid on: DFLV Sep 24, 2026; ITAN Sep 30, 2026
Frequency: DFLV Quarterly; ITAN Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

DFLVQuarterly · 16 paymentsAll DFLV payments⁠

ITANQuarterly · 18 paymentsAll ITAN payments⁠

DFLV vs ITAN 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%, betterITAN 14.0%
Return per unit of riskSharpe ratio, 3 years: DFLV 1.38ITAN 1.48, better
Worst fallMax drawdown, 5 years: DFLV −16.8%since Dec 2022ITAN −30.4%
Market sensitivityBeta, 5 years: DFLV 0.80ITAN 1.09; Market = 1

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