DFLV vs VUSV: Grades, Fees and Holdings Compared

Dimensional US Large Cap Value ETF

DFLVANYSE Arca

Vanguard Wellington U.S. Value Active ETF

VUSVBCboe

Overlap

22.2%by weight

Expense ratio

DFLV −0.09pt a year

DFLV0.21%VUSV0.30%

Avg volume · 30D

DFLV 40.6×the volume

DFLV658KVUSV16.2K

DFLV vs VUSV Performance

Dec 31, 2025 – Oct 30, 2026

+23.6%DFLV+15.2%VUSV

Expense ratio: DFLV 0.21%, better; VUSV 0.30%
Fund size: DFLV $7.39B; VUSV $93M
1Y total return: DFLV +29.3%; VUSV No data
Yield (12M): DFLV 1.35%; VUSV No data
Holdings: DFLV 336; VUSV 83
Avg volume (30D): DFLV 658K sh, better; VUSV 16.2K sh
NAV per share: DFLV $41.80; VUSV $72.15
52W range

ETF.net Grade

Pillar letters and Scores for DFLV, VUSV, with each pillar’s weight
Pillar	DFLV	VUSV
Cost30% weight	A92Higher	A83
Mission25% weight	Not scored	Not scored
Risk15% weight	A76Higher	B58
Tradability15% weight	A83Higher	C44
Holdings10% weight	A78Higher	B69
Durability5% weight	A83Higher	C44

Rank among US Active Value funds

How we build Categories ›

Same Category. DFLV and VUSV 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 VUSV 13th 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 11BNSIVNorth Square Disciplined Value ETFScore 68
Rank 13BVUSVVanguard Wellington U.S. Value Active ETFScore 65
Rank 14BCGVVCapital Group U.S. Large Value ETFScore 64

Our read on each fund

ETF.net Research

DFLVADimensional US Large Cap Value ETF

VUSVBVanguard Wellington U.S. Value Active 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.

VUSV 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.

VUSV 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.

VUSV 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.

VUSV No data

Full DFLV profile⁠

Full VUSV profile⁠

DFLV vs VUSV Holdings

How DFLV and VUSV differ

Overlap by weight

22.2%

Shared holdings make up 52.1% of VUSV and 26.4% of DFLV.

Level by level

Holdings38 in both22.2%
Countryby domicile98.0%
Asset classEquity100%

Sector

No Sector split for VUSV.

Country, concentration and asset class

Country by domicile

Country weights in DFLV and VUSV, widest gap first
Country	More in DFLVMore in VUSV	DFLV	VUSV
United States	VUSV +2.0 points	98.0%	100.0%
Switzerland	DFLV +0.8 points	0.8%	0.0%
China	DFLV +0.8 points	0.8%	0.0%
Other countries (3)	DFLV +0.4 points	0.4%	0.0%

Concentration

Weight in the 10 largest Holdings

DFLV25.0%
VUSV28.7%

Securities held

DFLV335
VUSV81

Asset class

DFLV: Equity
VUSV: Equity

Holdings

Only in DFLV297
In both38
Only in VUSV43

Only in DFLV

297 securities, 73.6% of DFLV by weight

JPMorgan Chase & Co4.50%
Chevron Corp.2.12%
Meta Platforms Inc2.07%
Goldman Sachs Group Inc.1.34%
Procter & Gamble Co/The1.31%
New Linde PLC1.29%
Rtx Corp1.09%
Conocophillips1.09%
Johnson & Johnson1.07%
Thermo Fisher Scientific.1.07%
Verizon Communications1.06%
Hewlett-Packard Enterpris0.96%
Travelers Companies Inc.0.92%
Pfizer Inc.0.91%
Eog Resources Inc.0.90%
Intel Corp0.88%
Norfolk Southern Corp.0.87%
Newmont Corp0.87%
Csx Corp0.79%
Te Connectivity PLC0.78%
Analog Devices Inc.0.77%
Fedex Corp0.75%
Salesforce Inc0.75%
Bristol-Myers Squibb Co.0.75%
AT&T Inc.0.72%
Bank of America Corp0.72%
Abbott Laboratories0.72%
Target Corp.0.71%
Allstate Corp.0.71%
Phillips 660.70%
Cigna Group/The0.69%
Occidental Petroleum Corp0.65%
Republic Services Inc0.64%
Delta Air Lines Inc.0.62%
United Rentals Inc.0.61%
Comcast Corp New Class A0.59%
Valero Energy Corp0.59%
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%
General Dynamics Corp.0.49%
Air Products & Chemicals0.49%
Medtronic PLC0.48%
International Business Ma0.47%

Only in VUSV

43 securities, 46.3% of VUSV by weight

Microsoft Corp6.79%
Apple Inc1.93%
Asml Holding Nv-Ny Reg Shs1.87%
James Hardie Industries PLC1.65%
Prologis Inc1.43%
Cencora Inc1.31%
Equinix Inc1.29%
Canadian Natural Resources Ltd1.28%
Boeing Co/The1.21%
Tradeweb Markets Inc1.21%
Dynatrace Inc1.18%
CACI International Inc1.17%
Sempra1.15%
Unilever Plc-Sponsored Adr1.14%
Icon PLC1.10%
Fabrinet1.09%
KKR & Co Inc1.03%
CMS Energy Corp1.03%
Pinnacle Financial Partners Inc1.02%
NVIDIA Corp1.01%
AstraZeneca PLC1.01%
Canadian National Railway Co0.98%
Haleon Plc-Adr0.96%
MACOM Technology Solutions Holdings Inc0.90%
Exelon Corp0.87%
TransUnion0.86%
Pool Corp0.82%
Nutrien Ltd0.78%
Airbnb Inc0.75%
Dick's Sporting Goods Inc0.71%
UDR Inc0.71%
Shin-Etsu Chem-Unspon Adr0.69%
Morningstar Inc0.67%
Vivmark Residential0.66%
Flowserve Corp0.65%
EchoStar Corp0.61%
Credo Technology Group Holding Ltd0.56%
Live Nation Entertainment Inc0.52%
Cooper Cos Inc/The0.46%
Builders FirstSource Inc0.44%
Techtronic Industries-Sp Adr0.37%
Broadcom Inc0.27%
HCA Healthcare Inc0.13%

Weight gaps

All 38 Holdings in both funds, largest gap first.

Holding weights in DFLV and VUSV, widest gap first
Holding	More in DFLVMore in VUSV	DFLV	VUSV
Exxonmobil Holdings CorpXOM	DFLV +3.46 points	4.09%	0.63%
Merck & Company IncMRK	VUSV +1.97 points	0.77%	2.74%
Intercontinental ExchangeICE	VUSV +1.71 points	0.18%	1.89%
Chubb LimitedCB	VUSV +1.69 points	0.49%	2.18%
Reliance IncRS	VUSV +1.55 points	0.12%	1.67%
M & T Bank Corp.MTB	VUSV +1.47 points	0.13%	1.60%
Walt Disney Co/TheDIS	VUSV +1.30 points	0.39%	1.69%
Agilent Technologies IncA	VUSV +1.29 points	0.40%	1.69%
Dover CorpDOV	VUSV +1.26 points	0.26%	1.52%
Emerson Elec CoEMR	VUSV +1.16 points	0.63%	1.79%
Amazon.com Inc.AMZN	VUSV +1.13 points	4.66%	5.79%
Waters Corp.WAT	VUSV +1.13 points	0.16%	1.29%
Morgan StanleyMS	VUSV +1.10 points	0.95%	2.05%
Hyatt Hotels CorpH	VUSV +0.95 points	<0.01%	0.96%
Steris PLCSTE	VUSV +0.95 points	0.16%	1.11%
Alphabet Inc - Class AGOOGL	VUSV +0.89 points	0.68%	1.57%
KeycorpKEY	VUSV +0.83 points	0.08%	0.91%
Freeport-Mcmoran Inc.FCX	VUSV +0.79 points	0.69%	1.48%
Kroger Co.KR	VUSV +0.77 points	0.45%	1.22%
Roper Technologies IncROP	VUSV +0.76 points	0.10%	0.86%
Diamondback Energy IncFANG	VUSV +0.67 points	0.47%	1.14%
Keurig Dr Pepper IncKDP	VUSV +0.67 points	0.16%	0.83%
Honeywell International IHON	VUSV +0.66 points	0.09%	0.75%
Raymond James FinancialRJF	VUSV +0.65 points	0.33%	0.98%
Tyson Foods Inc. Class ATSN	VUSV +0.65 points	0.06%	0.71%
Becton Dickinson & CoBDX	VUSV +0.62 points	0.31%	0.93%
Slb LtdSLB	VUSV +0.57 points	0.78%	1.35%
Berkshire Hathaway Cl-BBRK.B	DFLV +0.48 points	2.00%	1.52%
Nxp Semiconductors NVNXPI	VUSV +0.44 points	0.67%	1.11%
Ally Financial IncALLY	VUSV +0.41 points	<0.01%	0.42%
Northrop Grumman Corp.NOC	VUSV +0.41 points	0.58%	0.99%
General MotorsGM	VUSV +0.40 points	0.87%	1.27%
Constellation Brands Inc.STZ	VUSV +0.39 points	0.18%	0.57%
Williams Cos. Inc.WMB	VUSV +0.38 points	0.33%	0.71%
Metlife Inc.MET	VUSV +0.25 points	0.65%	0.90%
UnitedHealth Group Inc.UNH	DFLV +0.17 points	1.60%	1.43%
Wells Fargo & Co.WFC	DFLV +0.03 points	1.04%	1.01%
Deere & Co.DE	VUSV +0.03 points	0.81%	0.84%

All 343 DFLV holdings⁠All VUSV 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 VUSV Cost

Overpaying VUSV vs DFLV

$1,792

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

DFLV 0.21%
$4,357
VUSV 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

DFLV 0.21%
VUSV 0.30%
Overpaying

Year by year

Year	DFLV	VUSV	Overpaying
10	$383	$545	$162
20	$1,491	$2,113	$622
30	$4,357	$6,149	$1,792

Expense ratio

0.21%DFLV, cheaper
0.30%VUSV

DFLV0.21%VUSV0.30%

0.12%1.25%

Middle half of US Active Value funds
Median 0.54%

DFLV 6th cheapest of 64 funds

VUSV 11th cheapest of 64 funds

DFLV vs VUSV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFLV 1.35%; VUSV No data
Payout (12M): DFLV $0.57; VUSV No data
Last payment: DFLV $0.16; VUSV $0.12
Ex-dividend: DFLV Sep 22, 2026; VUSV Dec 23, 2025
Paid on: DFLV Sep 24, 2026; VUSV No data
Frequency: DFLV Quarterly; VUSV Irregular

Distribution history

Per share, 2022 to 2026, same scale for both

DFLVQuarterly · 16 paymentsAll DFLV payments⁠

VUSVIrregular · 1 paymentAll VUSV payments⁠

DFLV vs VUSV 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%VUSV No data
Return per unit of riskSharpe ratio, 3 years: DFLV 1.38VUSV No data
Worst fallMax drawdown, 5 years: DFLV −16.8%since Dec 2022VUSV No data
Market sensitivityBeta, 5 years: DFLV 0.80VUSV 0.64; Market = 1

DFLV and VUSV in the news

All news⁠

ETF Filings
Vanguard files for a U.S. small-mid cap active ETF after last year’s three reached $161 million
Sep 21, 2026VUSV

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DFLV vs VUSV

In short

Stated mandate

Why people hold it

Worth knowing

How DFLV and VUSV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFLV

Only in VUSV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Vanguard files for a U.S. small-mid cap active ETF after last year’s three reached $161 million