DFLV vs NSIV: Grades, Fees and Holdings Compared

Dimensional US Large Cap Value ETF

DFLVANYSE Arca

North Square Disciplined Value ETF

NSIVBNYSE Arca

Overlap

23.2%by weight

Expense ratio

DFLV −0.17pt a year

DFLV0.21%NSIV0.38%

Avg volume · 30D

DFLV 13.1×the volume

DFLV645KNSIV49.4K

DFLV vs NSIV Performance

Aug 5, 2026 – Nov 5, 2026

−0.1%DFLV−1.8%NSIV

Expense ratio: DFLV 0.21%, better; NSIV 0.38%
Fund size: DFLV $7.28B; NSIV $75M
1Y total return: DFLV +27.5%; NSIV No data
Yield (12M): DFLV 1.37%; NSIV No data
Holdings: DFLV 336; NSIV 55
Avg volume (30D): DFLV 645K sh, better; NSIV 49.4K sh
NAV per share: DFLV $41.14; NSIV $26.44
52W range

ETF.net Grade

Pillar letters and Scores for DFLV, NSIV, with each pillar’s weight
Pillar	DFLV	NSIV
Cost30% weight	A92Higher	A75
Mission25% weight	Not scored	Not scored
Risk15% weight	A80Higher	A75
Tradability15% weight	A82Higher	A74
Holdings10% weight	A78Higher	B57
Durability5% weight	A83Higher	F19

Rank among US Active Value funds

How we build Categories ›

Same Category. DFLV and NSIV 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 3rd and NSIV 12th 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 3ADFLVDimensional US Large Cap Value ETFScore 85
Rank 4ASEIVSEI QiM U.S. Large Cap Value Active ETFScore 83
Rank 10BBVALBluemonte Large Cap Value ETFScore 69
Rank 12BNSIVNorth Square Disciplined Value ETFScore 68
Rank 13BVUSVVanguard Wellington U.S. Value Active ETFScore 67

Our read on each fund

ETF.net Research

DFLVADimensional US Large Cap Value ETF

NSIVBNorth Square 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.

NSIV No data

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.

NSIV No data

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.

NSIV No data

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.

NSIV No data

Full DFLV profile⁠

Full NSIV profile⁠

DFLV vs NSIV Holdings

How DFLV and NSIV differ

Overlap by weight

23.2%

Shared holdings make up 65.2% of NSIV and 27.9% of DFLV.

Level by level

Holdings35 in both23.2%
Sector11 Sectors81.9%
Countryby domicile95.8%
Asset classStocks100%

Sector

Sector weights in DFLV and NSIV, widest gap first
Sector	Gap	DFLV	NSIV
Technology	NSIV +11.4 points	9.1%	20.5%
Energy	DFLV +6.1 points	14.9%	8.8%
Materials	DFLV +4.5 points	6.8%	2.3%
Industrials	DFLV +4.1 points	12.9%	8.8%
Utilities	NSIV +2.5 points	0.0%	2.5%
Real Estate	NSIV +2.3 points	0.4%	2.7%
Consumer Discretionary	DFLV +2.0 points	8.4%	6.4%
Consumer Staples	NSIV +1.9 points	4.8%	6.7%
Financials	DFLV +1.4 points	21.7%	20.3%
Communication	DFLV +0.2 points	7.0%	6.8%
Health Care	Same weight	14.0%	14.0%

Country, concentration and asset class

Country by domicile

Country weights in DFLV and NSIV, widest gap first
Country	Gap	DFLV	NSIV
United Kingdom	NSIV +4.2 points	0.2%	4.4%
United States	DFLV +2.4 points	98.0%	95.6%
Switzerland	DFLV +0.8 points	0.8%	0.0%
China	DFLV +0.8 points	0.8%	0.0%
Other countries (2)	DFLV +0.2 points	0.2%	0.0%

Concentration

Weight in the 10 largest Holdings

DFLV25.2%
NSIV31.9%

Securities held

DFLV335
NSIV55

Asset class

DFLV: Stocks
NSIV: Stocks

Holdings

Only in DFLV300
In both35
Only in NSIV20

Only in DFLV

300 securities, 72.0% of DFLV by weight

Exxonmobil Holdings Corp3.75%
Berkshire Hathaway Cl-B2.13%
Meta Platforms Inc2.07%
UnitedHealth Group Inc.1.58%
Procter & Gamble Co/The1.36%
New Linde PLC1.34%
Rtx Corp1.08%
Johnson & Johnson1.07%
Wells Fargo & Co.1.07%
Thermo Fisher Scientific.1.06%
Conocophillips0.99%
Morgan Stanley0.97%
Travelers Companies Inc.0.94%
Newmont Corp0.91%
Norfolk Southern Corp.0.87%
Deere & Co.0.82%
Hewlett-Packard Enterpris0.81%
Fedex Corp0.80%
Abbott Laboratories0.79%
Merck & Company Inc0.78%
Csx Corp0.78%
Te Connectivity PLC0.77%
Target Corp.0.76%
AT&T Inc.0.75%
Alphabet Inc - Class A0.75%
Allstate Corp.0.74%
Slb Ltd0.74%
Bank of America Corp0.72%
Analog Devices Inc.0.72%
Republic Services Inc0.66%
Phillips 660.66%
Comcast Corp New Class A0.65%
Freeport-Mcmoran Inc.0.65%
Emerson Elec Co0.63%
Crh PLC0.61%
Occidental Petroleum Corp0.58%
Mondelez Intl0.57%
Intel Corp0.55%
Northrop Grumman Corp.0.54%
Ford Motor Co0.52%
Medtronic PLC0.52%
Oneok Inc0.50%
Baker Hughes Co0.50%
Chubb Limited0.50%
Air Products & Chemicals0.50%
International Business Ma0.46%
Ametek Inc0.44%
PayPal Holdings Inc0.43%
Cbre Group Inc0.42%
Vulcan Materials Co.0.42%

Only in NSIV

20 securities, 34.8% of NSIV by weight

Microsoft Corporation4.72%
Altria Group, Inc.2.93%
AbbVie, Inc.2.89%
Shell plc2.84%
Bbh Sweep Vehicle2.82%
Apple, Inc.2.44%
Ameriprise Financial, Inc.2.33%
Simon Property Group, Inc.1.84%
Elevance Health, Inc.1.62%
Edison International1.47%
Coca-Cola Europacific Partners plc1.45%
Avnet, Inc.1.17%
NVIDIA Corporation1.11%
Exelon Corporation1.04%
Tapestry, Inc.0.98%
NetApp, Inc.0.89%
VICI Properties, Inc.0.88%
Caterpillar, Inc.0.77%
Dell Technologies, Inc.0.58%
Receivables/Payables0.06%

Weight gaps

All 35 Holdings in both funds, largest gap first.

Holding weights in DFLV and NSIV, widest gap first
Holding	Gap	DFLV	NSIV
U.s. BancorpUSB	NSIV +2.95 points	0.41%	3.36%
Amazon.com Inc.AMZN	DFLV +2.52 points	5.05%	2.53%
Hartford Insurance GroupHIG	NSIV +2.46 points	0.44%	2.90%
Pfizer Inc.PFE	NSIV +2.41 points	0.92%	3.33%
Verizon CommunicationsVZ	NSIV +2.41 points	1.11%	3.52%
Citigroup Inc.C	NSIV +2.20 points	0.42%	2.62%
Synchrony FinancialSYF	NSIV +2.06 points	0.27%	2.33%
JPMorgan Chase & CoJPM	DFLV +2.00 points	4.58%	2.58%
General Dynamics Corp.GD	NSIV +1.88 points	0.48%	2.36%
SS&C TechnologiesSSNC	NSIV +1.85 points	0.13%	1.98%
Cigna Group/TheCI	NSIV +1.68 points	0.70%	2.38%
Cummins IncCMI	NSIV +1.50 points	0.51%	2.01%
General MotorsGM	NSIV +1.46 points	0.93%	2.39%
Delta Air Lines Inc.DAL	NSIV +1.38 points	0.68%	2.06%
Eog Resources Inc.EOG	NSIV +1.37 points	0.81%	2.18%
Alphabet IncGOOG	NSIV +1.34 points	0.67%	2.01%
Regeneron PharmaceuticalsREGN	NSIV +1.32 points	0.30%	1.62%
Dollar General Corp.DG	NSIV +1.27 points	0.29%	1.56%
Fox Corp - Class AFOXA	NSIV +1.16 points	0.15%	1.31%
Arrow Electronics IncARW	NSIV +1.14 points	<0.01%	1.14%
Goldman Sachs Group Inc.GS	NSIV +1.11 points	1.33%	2.44%
Zoom Communications IncZM	NSIV +1.09 points	0.07%	1.16%
Bristol-Myers Squibb Co.BMY	NSIV +1.02 points	0.77%	1.79%
Salesforce IncCRM	NSIV +0.93 points	0.73%	1.66%
Intuit Inc.INTU	NSIV +0.86 points	0.07%	0.93%
Nucor Corp.NUE	NSIV +0.81 points	0.54%	1.35%
Nxp Semiconductors NVNXPI	NSIV +0.71 points	0.66%	1.37%
Bank of New York MellonBNY	NSIV +0.70 points	0.51%	1.21%
Micron Technology Inc.MU	NSIV +0.68 points	0.03%	0.71%
Metlife Inc.MET	NSIV +0.64 points	0.65%	1.29%
United Rentals Inc.URI	NSIV +0.61 points	0.56%	1.17%
Cf Industries HoldingsCF	NSIV +0.47 points	0.11%	0.58%
Valero Energy CorpVLO	NSIV +0.39 points	0.55%	0.94%
Chevron Corp.CVX	DFLV +0.20 points	1.98%	1.78%
Kroger Co.KR	NSIV +0.16 points	0.47%	0.63%

All 343 DFLV holdings⁠All NSIV 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 NSIV Cost

Overpaying NSIV vs DFLV

$3,349

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

DFLV 0.21%
$4,357
NSIV 0.38%
$7,706

Amount$10,000

Years30 years

Cost over time

DFLV 0.21%
NSIV 0.38%
Overpaying

Year by year

Year	DFLV	NSIV	Overpaying
10	$383	$688	$305
20	$1,491	$2,658	$1,167
30	$4,357	$7,706	$3,349

Expense ratio

0.21%DFLV, cheaper
0.38%NSIV

DFLV0.21%NSIV0.38%

0.12%1.25%

Middle half of US Active Value funds
Median 0.55%

DFLV 6th cheapest of 64 funds

NSIV 16th cheapest of 64 funds

DFLV vs NSIV Dividends

Last 12 months to Nov 5, 2026

Yield (12M): DFLV 1.37%; NSIV No data
Payout (12M): DFLV $0.57; NSIV None
Last payment: DFLV $0.16; NSIV No data
Ex-dividend: DFLV Sep 22, 2026; NSIV No data
Paid on: DFLV Sep 24, 2026; NSIV No data
Frequency: DFLV Quarterly; NSIV No data

Distribution history

Per share, 2022 to 2026, same scale for both

DFLVQuarterly · 16 paymentsAll DFLV payments⁠

NSIVAll NSIV payments⁠

No distribution history available.

DFLV vs NSIV 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%NSIV No data
Return per unit of riskSharpe ratio, 3 years: DFLV 1.38NSIV No data
Worst fallMax drawdown, 5 years: DFLV −16.8%since Dec 2022NSIV No data
Market sensitivityBeta, 5 years: DFLV 0.80NSIV 0.04; Market = 1

DFLV and NSIV in the news

All news⁠

ETF Filings
Lone Peak SMID and international value ETFs dated at a 0.70% unitary fee
Sep 10, 2026NSIV

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DFLV vs NSIV

In short

Stated mandate

Why people hold it

Worth knowing

How DFLV and NSIV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFLV

Only in NSIV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Lone Peak SMID and international value ETFs dated at a 0.70% unitary fee