DFLV vs LSVD: Grades, Fees and Holdings Compared

Dimensional US Large Cap Value ETF

DFLVANYSE Arca

LSV Disciplined Value ETF

LSVDBNYSE Arca

Overlap

28.3%by weight

Expense ratio

DFLV −0.19pt a year

DFLV0.21%LSVD0.40%

Avg volume · 30D

DFLV 554.8×the volume

DFLV658KLSVD1.19K

DFLV vs LSVD Performance

Oct 31, 2025 – Oct 30, 2026

+29.3%DFLV+22.9%LSVD

Expense ratio: DFLV 0.21%, better; LSVD 0.40%
Fund size: DFLV $7.39B; LSVD $667M
1Y total return: DFLV +29.3%, better; LSVD +22.9%
Yield (12M): DFLV 1.35%; LSVD No data
Holdings: DFLV 336; LSVD 135
Avg volume (30D): DFLV 658K sh, better; LSVD 1.19K sh
NAV per share: DFLV $41.80; LSVD $35.98
52W range

ETF.net Grade

Pillar letters and Scores for DFLV, LSVD, with each pillar’s weight
Pillar	DFLV	LSVD
Cost30% weight	A92Higher	A72
Mission25% weight	Not scored	A78
Risk15% weight	A76Higher	C51
Tradability15% weight	A83Higher	D32
Holdings10% weight	A78Higher	B60
Durability5% weight	A83Higher	B60

Rank among US Active Value funds

How we build Categories ›

Same Category. DFLV and LSVD 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 LSVD 25th 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 25BITANSparkline Intangible Value ETFScore 57
Rank 25BLSVDLSV Disciplined Value ETFScore 57
Rank 27BLVDSJPMorgan Fundamental Data Science Large Value ETFScore 56

Our read on each fund

ETF.net Research

DFLVADimensional US Large Cap Value ETF

LSVDBLSV Disciplined 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.

LSVD An institutional quant value shop's process in an ETF wrapper: a model built on fundamental value measures picks the stocks, the fee sits under the active-value norm, and the yardstick is the S&P 500 rather than a value index.

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.

LSVD The Fund seeks long-term capital growth. It is an actively managed ETF that invests at least 80% of net assets in equity securities and uses a quantitative model based on fundamental value measures.

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.

LSVD Charges 0.40% a year, below the typical active US value ETF, which is unusual for a fund where a proprietary model, not an index, picks the names.
Measures itself against the S&P 500, not a value index. You can see whether the value tilt is earning its keep against the plain broad market.
The mandate is tight: at least 80% of net assets in equities, selected by a quantitative model built on fundamental value measures. Not much room for style drift.
Cheaper than other active funds benchmarked to the same S&P 500, including GSPY at 0.50% and VNSE at 1.34%.

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.

LSVD Thinly traded. Spreads and limit orders matter more here than with the category's household names.
Launched in December 2024, so there is no long live record to judge the model across a full market cycle.
Systematic value rivals run cheaper, with AVLV at 0.15% and DFLV at 0.21%, so this model carries a wider cost gap to close.

Full DFLV profile⁠

Full LSVD profile⁠

DFLV vs LSVD Holdings

How DFLV and LSVD differ

Overlap by weight

28.3%

Shared holdings make up 49.6% of LSVD and 42.2% of DFLV.

Level by level

Holdings64 in both28.3%
Sector11 Sectors58.4%
Countryby domicile98.8%
Asset classEquity100%

Sector

Sector weights in DFLV and LSVD, widest gap first
Sector	More in DFLVMore in LSVD	DFLV	LSVD
Technology	LSVD +32.3 points	9.1%	41.4%
Energy	DFLV +12.6 points	14.9%	2.3%
Financials	DFLV +10.7 points	21.7%	11.0%
Industrials	DFLV +8.1 points	12.9%	4.8%
Communication	LSVD +5.7 points	7.0%	12.7%
Materials	DFLV +5.3 points	6.8%	1.5%
Consumer Discretionary	LSVD +3.1 points	8.4%	11.5%
Health Care	DFLV +3.0 points	14.0%	11.0%
Consumer Staples	DFLV +1.9 points	4.8%	2.9%
Utilities	LSVD +0.3 points	0.0%	0.3%
Real Estate	LSVD +0.1 points	0.4%	0.5%

Country, concentration and asset class

Country by domicile

Country weights in DFLV and LSVD, widest gap first
Country	More in DFLVMore in LSVD	DFLV	LSVD
China	DFLV +0.8 points	0.8%	0.0%
Sweden	LSVD +0.5 points	0.0%	0.5%
Other countries (7)	LSVD +0.3 points	99.2%	99.5%

Concentration

Weight in the 10 largest Holdings

DFLV25.0%
LSVD32.7%

Securities held

DFLV335
LSVD134

Asset class

DFLV: Equity
LSVD: Equity

Holdings

Only in DFLV271
In both64
Only in LSVD70

Only in DFLV

271 securities, 57.7% of DFLV by weight

Chevron Corp.2.12%
Procter & Gamble Co/The1.31%
New Linde PLC1.29%
Rtx Corp1.09%
Conocophillips1.09%
Thermo Fisher Scientific.1.07%
Hewlett-Packard Enterpris0.96%
Travelers Companies Inc.0.92%
Eog Resources Inc.0.90%
Intel Corp0.88%
Norfolk Southern Corp.0.87%
Deere & Co.0.81%
Csx Corp0.79%
Te Connectivity PLC0.78%
Slb Ltd0.78%
Analog Devices Inc.0.77%
Abbott Laboratories0.72%
Phillips 660.70%
Freeport-Mcmoran Inc.0.69%
Cigna Group/The0.69%
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%
Valero Energy Corp0.59%
Northrop Grumman Corp.0.58%
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%
General Dynamics Corp.0.49%
Chubb Limited0.49%
Air Products & Chemicals0.49%
Medtronic PLC0.48%
International Business Ma0.47%
Diamondback Energy Inc0.47%
Ametek Inc0.47%
Hartford Insurance Group0.42%
U.s. Bancorp0.41%
Agilent Technologies Inc0.40%
Capital One Financial0.40%
Paccar Inc.0.40%
Kinder Morgan Inc.0.40%

Only in LSVD

70 securities, 50.3% of LSVD by weight

NVIDIA Corp6.33%
Apple Inc5.96%
Microsoft Corp3.46%
Dell Technologies -C1.75%
Applied Materials Inc1.52%
Adobe Inc1.28%
Skyworks Solutions Inc1.16%
Broadcom Inc1.08%
Ebay Inc1.04%
Netapp Inc0.97%
Gilead Sciences Inc0.96%
Expedia Group Inc0.93%
Ringcentral Inc-Class A0.81%
Cirrus Logic Inc0.73%
Lockheed Martin Corp0.72%
Altria Group Inc0.71%
Lam Research Corp0.69%
Advanced Micro Devices0.68%
Western Digital Corp0.65%
Amgen Inc0.64%
Jabil Inc0.60%
Chubb Ltd0.60%
Maplebear Inc0.58%
Host Hotels & Resorts Inc0.55%
Hca Healthcare Inc0.53%
Exelixis Inc0.52%
Dropbox Inc-Class A0.51%
Mueller Industries Inc0.48%
Elevance Health Inc0.47%
Popular Inc0.46%
Freshworks Inc-Cl A0.46%
Visa Inc-Class A Shares0.46%
Hp Inc0.45%
Oshkosh Corp0.43%
Pepsico Inc0.43%
First American Treasury Obligations Fund0.41%
Gen Digital Inc0.40%
Harley-Davidson Inc0.39%
Genpact Ltd0.38%
Godaddy Inc - Class A0.37%
Abm Industries Inc0.37%
Halozyme Therapeutics Inc0.36%
Match Group Inc0.36%
Harmony Biosciences Holdings0.36%
Eversource Energy0.35%
Universal Display Corp0.34%
Owens Corning0.34%
Albertsons Cos Inc - Class A0.34%
Newmarket Corp0.33%
Pegasystems Inc0.33%

Weight gaps

All 64 Holdings in both funds, largest gap first.

Holding weights in DFLV and LSVD, widest gap first
Holding	More in DFLVMore in LSVD	DFLV	LSVD
Exxonmobil Holdings CorpXOM	DFLV +3.53 points	4.09%	0.56%
JPMorgan Chase & CoJPM	DFLV +2.88 points	4.50%	1.62%
Alphabet Inc - Class AGOOGL	LSVD +2.37 points	0.68%	3.04%
Alphabet IncGOOG	LSVD +2.03 points	0.57%	2.60%
Micron Technology Inc.MU	LSVD +1.86 points	0.03%	1.89%
Berkshire Hathaway Cl-BBRK.B	DFLV +1.39 points	2.00%	0.61%
Cisco Systems Inc.CSCO	LSVD +1.39 points	0.21%	1.60%
Qualcomm Inc.QCOM	LSVD +1.25 points	0.04%	1.29%
Marathon Petroleum Corp.MPC	LSVD +1.09 points	<0.01%	1.09%
Amazon.com Inc.AMZN	DFLV +1.04 points	4.66%	3.62%
UnitedHealth Group Inc.UNH	DFLV +0.86 points	1.60%	0.74%
Salesforce IncCRM	LSVD +0.72 points	0.75%	1.47%
Walt Disney Co/TheDIS	LSVD +0.69 points	0.39%	1.08%
Wells Fargo & Co.WFC	DFLV +0.67 points	1.04%	0.37%
Deckers Outdoor CorpDECK	LSVD +0.61 points	<0.01%	0.61%
Twilio IncTWLO	LSVD +0.60 points	0.11%	0.71%
Borg-Warner Inc.BWA	LSVD +0.58 points	0.01%	0.59%
Morgan StanleyMS	DFLV +0.56 points	0.95%	0.39%
State Street Corp.STT	LSVD +0.55 points	0.35%	0.90%
Autoliv IncALV	LSVD +0.50 points	<0.01%	0.50%
Biogen IncBIIB	LSVD +0.48 points	0.10%	0.58%
Verizon CommunicationsVZ	DFLV +0.44 points	1.06%	0.62%
Goldman Sachs Group Inc.GS	DFLV +0.44 points	1.34%	0.90%
Textron IncTXT	LSVD +0.42 points	0.08%	0.50%
Crown Holdings IncCCK	LSVD +0.40 points	<0.01%	0.41%
Fox Corp - Class AFOXA	LSVD +0.40 points	0.14%	0.54%
Unum GroupUNM	LSVD +0.39 points	0.03%	0.42%
Incyte CorpINCY	LSVD +0.38 points	0.20%	0.58%
Merck & Company IncMRK	LSVD +0.37 points	0.77%	1.14%
Regeneron PharmaceuticalsREGN	LSVD +0.38 points	0.26%	0.64%
Oracle Corp.ORCL	LSVD +0.36 points	0.03%	0.39%
Meta Platforms IncMETA	LSVD +0.35 points	2.07%	2.42%
AT&T Inc.T	DFLV +0.34 points	0.72%	0.38%
Zoom Communications IncZM	LSVD +0.34 points	0.08%	0.42%
Johnson & JohnsonJNJ	DFLV +0.33 points	1.07%	0.74%
Globe Life IncGL	LSVD +0.31 points	0.02%	0.33%
Citigroup Inc.C	LSVD +0.31 points	0.42%	0.73%
Bank of America CorpBAC	DFLV +0.29 points	0.72%	0.43%
Citizens Financial GroupCFG	LSVD +0.28 points	0.09%	0.37%
Sandisk Corp/DeSNDK	LSVD +0.28 points	0.00%	0.28%
General MotorsGM	LSVD +0.28 points	0.87%	1.15%
Newmont CorpNEM	DFLV +0.25 points	0.87%	0.62%
F5 IncFFIV	LSVD +0.25 points	0.10%	0.35%
Allstate Corp.ALL	DFLV +0.24 points	0.71%	0.47%
Molson CoorsTAP	LSVD +0.23 points	<0.01%	0.23%
Synchrony FinancialSYF	LSVD +0.15 points	0.28%	0.43%
PayPal Holdings IncPYPL	LSVD +0.15 points	0.41%	0.56%
Steel Dynamics IncSTLD	LSVD +0.15 points	0.38%	0.53%
T-Mobile Us IncTMUS	LSVD +0.14 points	0.35%	0.49%
Devon Energy Corp.DVN	LSVD +0.13 points	0.47%	0.60%
Southwest AirlinesLUV	LSVD +0.12 points	0.19%	0.31%
Ge Healthcare TechnologieGEHC	DFLV +0.10 points	0.36%	0.26%
Comcast Corp New Class ACMCSA	DFLV +0.09 points	0.59%	0.50%
Fedex Freight Holding CoFDXF	DFLV +0.09 points	0.09%	<0.01%
Kroger Co.KR	DFLV +0.08 points	0.45%	0.37%
United Airlines HoldingsUAL	DFLV +0.08 points	0.37%	0.29%
Cvs Health CorpCVS	LSVD +0.07 points	0.42%	0.49%
Fedex CorpFDX	DFLV +0.07 points	0.75%	0.68%
Target Corp.TGT	DFLV +0.06 points	0.71%	0.65%
Bristol-Myers Squibb Co.BMY	DFLV +0.04 points	0.75%	0.71%
Uber Technologies IncUBER	DFLV +0.03 points	0.31%	0.28%
American Int'l GroupAIG	DFLV +0.02 points	0.37%	0.35%
Cognizant Tech SolutionsCTSH	DFLV +0.01 points	0.28%	0.27%
Pfizer Inc.PFE	DFLV +0.01 points	0.91%	0.90%

All 343 DFLV holdings⁠All 135 LSVD 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 LSVD Cost

Overpaying LSVD vs DFLV

$3,733

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

DFLV 0.21%
$4,357
LSVD 0.40%
$8,090

Amount$10,000

Years30 years

Cost over time

DFLV 0.21%
LSVD 0.40%
Overpaying

Year by year

Year	DFLV	LSVD	Overpaying
10	$383	$723	$340
20	$1,491	$2,793	$1,302
30	$4,357	$8,090	$3,733

Expense ratio

0.21%DFLV, cheaper
0.40%LSVD

DFLV0.21%LSVD0.40%

0.12%1.25%

Middle half of US Active Value funds
Median 0.54%

DFLV 6th cheapest of 64 funds

LSVD 19th cheapest of 64 funds

DFLV vs LSVD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFLV 1.35%; LSVD No data
Payout (12M): DFLV $0.57; LSVD No data
Last payment: DFLV $0.16; LSVD $0.10
Ex-dividend: DFLV Sep 22, 2026; LSVD Dec 30, 2025
Paid on: DFLV Sep 24, 2026; LSVD Jan 7, 2026
Frequency: DFLV Quarterly; LSVD Irregular

Distribution history

Per share, 2022 to 2026, same scale for both

DFLVQuarterly · 16 paymentsAll DFLV payments⁠

LSVDIrregular · 1 paymentAll LSVD payments⁠

DFLV vs LSVD 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%LSVD 12.6%since May 2025
Return per unit of riskSharpe ratio, 3 years: DFLV 1.38LSVD 2.10since May 2025
Worst fallMax drawdown, 5 years: DFLV −16.8%since Dec 2022LSVD −8.1%since Apr 2025
Market sensitivityBeta, 5 years: DFLV 0.80LSVD 1.05; Market = 1

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