DFUV vs IWD: Grades, Fees and Holdings Compared

Dimensional US Marketwide Value ETF

DFUVBNYSE Arca

iShares Russell 1000 Value ETF

IWDANYSE Arca

Overlap

57.2%by weight

Expense ratio

IWD −0.03pt a year

DFUV0.21%IWD0.18%

Avg volume · 30D

IWD 5.7×the volume

DFUV355KIWD2.01M

3Y return · a year

IWD +0.8pt

DFUV+21.4%IWD+22.2%

DFUV vs IWD Performance

Oct 31, 2025 – Nov 2, 2026

+28.8%DFUV+28.8%IWD

Expense ratio: DFUV 0.21%; IWD 0.18%, better
Fund size: DFUV $15.6B; IWD $83.2B
1Y total return: DFUV +28.8%; IWD +28.8%
Yield (12M): DFUV 1.29%; IWD 1.36%, better
Holdings: DFUV 1312; IWD 874
Avg volume (30D): DFUV 355K sh; IWD 2.01M sh, better
NAV per share: DFUV $56.78; IWD $258.68
52W range

ETF.net Grade

Pillar letters and Scores for DFUV, IWD, with each pillar’s weight
Pillar	DFUV	IWD
Cost30% weight	C46	B59Higher
Mission25% weight	A95	A100Higher
Risk15% weight	B62	A79Higher
Tradability15% weight	B64	A97Higher
Holdings10% weight	C46Higher	C42
Durability5% weight	A74	A82Higher

Rank among US Value Index funds

How we build Categories ›

Same Category. DFUV and IWD are both graded against the same 40 US Value Index funds, so their Grades compare head to head.

US Value Index⁠

Category · 40 funds

See all 40 ›

IWD ranks 4th and DFUV 13th of 40 funds in the US Value Index Category.

Rank 1ASCHVSchwab U.S. Large-Cap Value ETFScore 84
Rank 2AVTVVanguard Morningstar Value ETFScore 83
Rank 3AIUSViShares Core S&P U.S. Value ETFScore 81
Rank 4AIWDiShares Russell 1000 Value ETFScore 77
Rank 4AVOEVanguard Morningstar Mid-Cap Value ETFScore 77
Rank 12BVIOVVanguard S&P Small-Cap 600 Value ETFScore 65
Rank 13BDFUVDimensional US Marketwide Value ETFScore 64
Rank 13BJVALJPMorgan U.S. Value Factor ETFScore 64

Our read on each fund

ETF.net Research

DFUVBDimensional US Marketwide Value ETF

IWDAiShares Russell 1000 Value ETF

In short

DFUV Dimensional's whole-market swing at value: roughly 1,300 cheap-priced US stocks reaching from mega-cap down to small, under a strategy running since 1998. Breadth first, headline names second.

IWD The original Russell 1000 Value tracker, live since 2000 and still one of the most traded ways to own the value half of US large caps. Roughly 900 stocks, followed closely, at a price that reflects the plumbing.

Stated mandate

DFUV The fund seeks long-term capital appreciation.

IWD The fund seeks to track an index of U.S. large- and mid-cap stocks that may be undervalued relative to comparable companies.

Why people hold it

DFUV Marketwide means marketwide: roughly 1,300 names across the size range, not the usual short roster of big-cap value stalwarts.
The strategy dates to 1998, older than most ETFs on the shelf, and it now runs as a multi-billion-dollar fund.
Sticks to its stated mandate of broad US value with little style drift, one of the tighter mandate-followers in a crowded value field.
Cash comes back on a quarterly cadence.

IWD Follows the Russell 1000 Value Index closely, one of the tightest index-following records among US value funds.
About 900 large- and mid-cap names, so no single stock or sector drives the result.
Trading since 2000 and actively traded, it is among the easier value ETFs to move in and out of, in size.

Worth knowing

DFUV At 0.21% a year it sits above the value-cohort median of 0.18%, and well above plain index routes like VTV (0.03%) or SCHV (0.04%).
It is a value fund by construction, so it behaves like one and can lag the broad market during stretches when growth names set the pace.
Trading activity is moderate rather than heavy, which can matter on large or hurried orders.

IWD At 0.18% a year, it costs more than several broad value rivals (VTV 0.03%, SCHV 0.04%, IUSV 0.04%). The extra buys the Russell index and the trading depth.
Holding roughly 900 names out of a 1,000-stock parent index, the value tilt is wide and mild, not a concentrated deep-value bet.ishares.com
Distributions land quarterly, and the amount rides on what the underlying companies pay.

Full DFUV profile⁠

Full IWD profile⁠

DFUV vs IWD Holdings

How DFUV and IWD differ

Overlap by weight

57.2%

Shared holdings make up 90.7% of DFUV and 63.1% of IWD.

Level by level

Holdings551 in both57.2%
Sector11 Sectors82.0%
Countryby domicile99.2%
Asset classEquity100%

Sector

Sector weights in DFUV and IWD, widest gap first
Sector	More in DFUVMore in IWD	DFUV	IWD
Technology	IWD +5.9 points	14.3%	20.2%
Energy	DFUV +5.8 points	12.5%	6.7%
Consumer Staples	IWD +4.0 points	3.6%	7.6%
Utilities	IWD +3.4 points	0.1%	3.5%
Communication	DFUV +3.3 points	6.2%	2.9%
Financials	DFUV +3.0 points	21.3%	18.3%
Real Estate	IWD +3.0 points	0.3%	3.3%
Materials	DFUV +2.1 points	5.6%	3.5%
Health Care	DFUV +2.0 points	15.5%	13.5%
Consumer Discretionary	IWD +1.8 points	8.4%	10.2%
Industrials	DFUV +1.7 points	12.2%	10.5%

Country, concentration and asset class

Country by domicile

Country weights in DFUV and IWD, widest gap first
Country	More in DFUVMore in IWD	DFUV	IWD
United States	IWD +0.6 points	98.5%	99.1%
Other countries (13)	DFUV +0.6 points	1.5%	0.9%

Concentration

Weight in the 10 largest Holdings

DFUV26.8%
IWD29.3%

Securities held

DFUV1,311
IWD871

Asset class

DFUV: Equity
IWD: Equity

Holdings

Only in DFUV760
In both551
Only in IWD320

Only in DFUV

760 securities, 9.1% of DFUV by weight

Micron Technology Inc.1.95%
Te Connectivity PLC0.35%
Nxp Semiconductors NV0.30%
Crh PLC0.27%
Doordash Inc0.17%
Microchip Technology Inc0.07%
Umb Financial Corp0.06%
Life Time Group Holdings0.05%
Jackson Financial Inc0.05%
Autoliv Inc0.05%
Healthequity Inc0.05%
Urban Outfitters Inc0.05%
Old National Bancorp/In0.04%
U-Haul Holding Co0.04%
Valley National Bancorp0.04%
Moog Inc0.04%
Brightspring Health Servi0.04%
Commercial Metals Co0.04%
Victoria's Secret & Co0.04%
Matson Inc0.04%
Essent Group Ltd0.04%
United Bankshares Inc/Wv0.04%
Federal Signal Corp0.04%
Gatx Corp0.04%
Fluor Corp.0.03%
Hancock Whitney Corp0.03%
Enersys0.03%
Abercrombie & Fitch Co0.03%
Alkermes PLC0.03%
Home Bancshares Inc/Ar0.03%
Herc Holdings Inc0.03%
Glacier Bancorp Inc0.03%
Aci Worldwide Inc0.03%
Ameris Bancorp0.03%
Ormat Technologies Inc0.03%
Haemonetics Corp.0.03%
Selective Insurance Group0.03%
Archrock Inc0.03%
Enpro Inc0.03%
Viasat Inc0.03%
Magnolia Oil & Gas Corp0.03%
Cno Financial Group Inc0.03%
Plexus Corp0.03%
Fabrinet0.03%
Pricesmart Inc0.03%
Granite Construction Inc0.03%
Insight Enterprises Inc0.03%
Axos Financial Inc0.03%
Terex Corp0.03%
New Jersey Resources Corp0.03%

Only in IWD

320 securities, 36.7% of IWD by weight

Apple6.03%
Microsoft5.12%
Walmart1.31%
AbbVie1.27%
Philip Morris International0.86%
Coca-Cola0.85%
Costco Wholesale Corp0.67%
Gilead Sciences0.56%
Mcdonalds Corp0.48%
Nextera Energy0.46%
Welltower0.45%
Union Pacific0.44%
Pepsico0.44%
S&P Global0.36%
Progressive0.36%
Charles Schwab0.35%
Altria Group Inc0.34%
Eaton PLC0.32%
Prologis Reit0.32%
American Express0.31%
Lowes Companies Inc0.31%
Parker-Hannifin0.30%
Dell Technologies Inc Class C0.30%
Southern0.28%
Equinix Reit0.26%
Duke Energy Corp0.26%
Marsh0.26%
Home Depot0.23%
Tjx0.22%
Moderna0.21%
Constellation Energy Corp0.21%
3M0.20%
Ecolab0.20%
Automatic Data Processing Inc0.20%
Amgen Inc0.19%
Oreilly Automotive Inc0.19%
American Electric Power Inc0.19%
Hca Healthcare0.18%
Digital Realty Trust Reit0.18%
Aon PLC Class A0.18%
Waste Management Inc0.17%
Crh Public Limited PLC0.16%
Dominion Energy0.15%
Illinois Tool Inc0.15%
Sempra0.15%
Sherwin Williams0.15%
Starbucks Corp0.14%
Realty Income Reit0.14%
Entergy Corp0.14%
Motorola Solutions Inc0.13%

Weight gaps

The 100 widest of 551 Holdings in both funds.

Holding weights in DFUV and IWD, widest gap first
Holding	More in DFUVMore in IWD	DFUV	IWD
Exxonmobil Holdings CorpXOM	DFUV +2.10 points	4.14%	2.04%
JPMorgan Chase & CoJPM	DFUV +1.85 points	4.23%	2.38%
Amazon.com Inc.AMZN	IWD +1.28 points	4.36%	5.64%
Chevron Corp.CVX	DFUV +1.21 points	2.36%	1.15%
Meta Platforms IncMETA	DFUV +0.88 points	1.53%	0.65%
Johnson & JohnsonJNJ	DFUV +0.63 points	2.37%	1.74%
New Linde PLCLIN	DFUV +0.62 points	1.25%	0.63%
UnitedHealth Group Inc.UNH	DFUV +0.61 points	1.58%	0.97%
Verizon CommunicationsVZ	DFUV +0.56 points	1.05%	0.49%
ConocophillipsCOP	DFUV +0.55 points	1.05%	0.50%
BlackRock Funding Inc/DeBLK	IWD +0.46 points	<0.01%	0.46%
Qualcomm Inc.QCOM	IWD +0.46 points	<0.01%	0.46%
Pfizer Inc.PFE	DFUV +0.45 points	0.91%	0.46%
AT&T Inc.T	DFUV +0.44 points	0.82%	0.38%
Analog Devices Inc.ADI	DFUV +0.40 points	0.90%	0.50%
Deere & Co.DE	DFUV +0.38 points	0.82%	0.44%
Newmont CorpNEM	DFUV +0.35 points	0.65%	0.30%
Valero Energy CorpVLO	DFUV +0.35 points	0.62%	0.27%
Bristol-Myers Squibb Co.BMY	DFUV +0.33 points	0.67%	0.34%
Berkshire Hathaway Cl-BBRK.B	DFUV +0.33 points	3.00%	2.67%
Eog Resources Inc.EOG	DFUV +0.29 points	0.52%	0.23%
Goldman Sachs Group Inc.GS	DFUV +0.28 points	0.96%	0.68%
Wells Fargo & Co.WFC	DFUV +0.27 points	0.94%	0.67%
Rtx CorpRTX	DFUV +0.27 points	0.98%	0.71%
Travelers Companies Inc.TRV	DFUV +0.26 points	0.48%	0.22%
International Business MaIBM	IWD +0.26 points	0.38%	0.64%
General MotorsGM	DFUV +0.26 points	0.46%	0.20%
Freeport-Mcmoran Inc.FCX	DFUV +0.24 points	0.48%	0.24%
Thermo Fisher Scientific.TMO	DFUV +0.24 points	0.92%	0.68%
Procter & Gamble Co/ThePG	IWD +0.23 points	0.76%	0.99%
Accenture PLCACN	IWD +0.23 points	0.19%	0.42%
Salesforce IncCRM	DFUV +0.22 points	0.70%	0.48%
Occidental Petroleum CorpOXY	DFUV +0.22 points	0.34%	0.12%
Morgan StanleyMS	IWD +0.22 points	0.33%	0.55%
Slb LtdSLB	DFUV +0.22 points	0.43%	0.21%
Metlife Inc.MET	DFUV +0.21 points	0.35%	0.14%
Vertex PharmaceuticalsVRTX	DFUV +0.20 points	0.58%	0.38%
Fedex CorpFDX	DFUV +0.21 points	0.39%	0.18%
Emerson Elec CoEMR	DFUV +0.21 points	0.45%	0.24%
Mondelez IntlMDLZ	DFUV +0.20 points	0.42%	0.22%
Abbott LaboratoriesABT	DFUV +0.20 points	0.69%	0.49%
Diamondback Energy IncFANG	DFUV +0.19 points	0.31%	0.12%
Cigna Group/TheCI	DFUV +0.19 points	0.40%	0.21%
Norfolk Southern Corp.NSC	DFUV +0.20 points	0.40%	0.20%
Cme Group Inc.CME	IWD +0.19 points	0.10%	0.29%
Target Corp.TGT	DFUV +0.18 points	0.37%	0.18%
Allstate Corp.ALL	DFUV +0.18 points	0.36%	0.18%
Comcast Corp New Class ACMCSA	DFUV +0.18 points	0.40%	0.22%
Arthur J Gallagher & CoAJG	IWD +0.19 points	<0.01%	0.19%
Medtronic PLCMDT	DFUV +0.19 points	0.50%	0.31%
Cisco Systems Inc.CSCO	DFUV +0.18 points	1.27%	1.09%
Ups Inc. Class BUPS	DFUV +0.18 points	0.39%	0.21%
Delta Air Lines Inc.DAL	DFUV +0.18 points	0.30%	0.12%
General Dynamics Corp.GD	DFUV +0.18 points	0.43%	0.25%
Honeywell International IHON	IWD +0.17 points	<0.01%	0.18%
Uber Technologies IncUBER	DFUV +0.18 points	0.48%	0.30%
Northrop Grumman Corp.NOC	DFUV +0.17 points	0.37%	0.20%
Elevance Health IncELV	DFUV +0.17 points	0.41%	0.24%
Phillips 66PSX	DFUV +0.17 points	0.45%	0.28%
Devon Energy Corp.DVN	DFUV +0.16 points	0.32%	0.16%
Citigroup Inc.C	DFUV +0.16 points	0.62%	0.46%
T-Mobile Us IncTMUS	DFUV +0.16 points	0.36%	0.20%
Nucor Corp.NUE	DFUV +0.16 points	0.32%	0.16%
Johnson Controls IntlJCI	DFUV +0.16 points	0.38%	0.22%
Air Products & ChemicalsAPD	DFUV +0.15 points	0.33%	0.18%
Baker Hughes CoBKR	DFUV +0.14 points	0.28%	0.14%
Williams Cos. Inc.WMB	DFUV +0.14 points	0.38%	0.24%
Walt Disney Co/TheDIS	DFUV +0.14 points	0.65%	0.51%
Bank of America CorpBAC	DFUV +0.14 points	0.94%	0.80%
Kinder Morgan Inc.KMI	DFUV +0.14 points	0.31%	0.17%
Garmin LtdGRMN	DFUV +0.13 points	0.25%	0.12%
Ford Motor CoF	DFUV +0.13 points	0.26%	0.13%
Hewlett-Packard EnterprisHPE	DFUV +0.13 points	0.32%	0.19%
Bank of New York MellonBNY	DFUV +0.12 points	0.37%	0.25%
Kkr & Co IncKKR	IWD +0.12 points	0.01%	0.13%
Carnival Corp LtdCCL	DFUV +0.11 points	0.21%	0.10%
Kroger Co.KR	DFUV +0.11 points	0.21%	0.10%
United Rentals Inc.URI	DFUV +0.11 points	0.26%	0.15%
Chubb LimitedCB	DFUV +0.11 points	0.45%	0.34%
Oneok IncOKE	DFUV +0.11 points	0.27%	0.16%
Aflac IncAFL	DFUV +0.11 points	0.26%	0.15%
United Airlines HoldingsUAL	DFUV +0.11 points	0.19%	0.08%
Hartford Insurance GroupHIG	DFUV +0.11 points	0.20%	0.09%
Cummins IncCMI	DFUV +0.11 points	0.21%	0.10%
Cvs Health CorpCVS	DFUV +0.10 points	0.41%	0.31%
Nike Inc. Class BNKE	IWD +0.10 points	0.02%	0.12%
Intercontinental ExchangeICE	IWD +0.10 points	0.15%	0.25%
U.s. BancorpUSB	DFUV +0.11 points	0.34%	0.24%
Steel Dynamics IncSTLD	DFUV +0.10 points	0.18%	0.08%
Paccar Inc.PCAR	DFUV +0.10 points	0.24%	0.14%
Marathon Petroleum Corp.MPC	IWD +0.09 points	0.08%	0.17%
Iqvia Holdings IncIQV	DFUV +0.09 points	0.21%	0.12%
Northern Trust CorpNTRS	DFUV +0.09 points	0.17%	0.08%
Stryker CorpSYK	IWD +0.09 points	0.18%	0.27%
Cognizant Tech SolutionsCTSH	DFUV +0.09 points	0.17%	0.08%
Royal Caribbean CruisesRCL	IWD +0.09 points	<0.01%	0.09%
Cbre Group IncCBRE	DFUV +0.09 points	0.18%	0.09%
Cf Industries HoldingsCF	DFUV +0.09 points	0.14%	0.05%
Sunbelt Rentals HoldingsSUNB	IWD +0.09 points	<0.01%	0.09%
Regeneron PharmaceuticalsREGN	DFUV +0.09 points	0.33%	0.24%

All 1,308 DFUV holdings⁠All 871 IWD 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.

DFUV vs IWD Cost

Overpaying DFUV vs IWD

$608

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

DFUV 0.21%
$4,357
IWD 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

DFUV 0.21%
IWD 0.18%
Overpaying

Year by year

Year	DFUV	IWD	Overpaying
10	$383	$328	$55
20	$1,491	$1,281	$210
30	$4,357	$3,749	$608

Expense ratio

0.21%DFUV
0.18%IWD, cheaper

IWD0.18%DFUV0.21%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

IWD 16th cheapest of 40 funds

DFUV 22nd cheapest of 40 funds

DFUV vs IWD Dividends

Last 12 months to Nov 2, 2026

Yield (12M): DFUV 1.29%; IWD 1.36%, better
Payout (12M): DFUV $0.73; IWD $3.53
Last payment: DFUV $0.21; IWD $0.93
Ex-dividend: DFUV Sep 22, 2026; IWD Sep 15, 2026
Paid on: DFUV Sep 24, 2026; IWD Sep 18, 2026
Frequency: DFUV Quarterly; IWD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DFUVQuarterly · 18 paymentsAll DFUV payments⁠

IWDQuarterly · 39 paymentsAll IWD payments⁠

DFUV vs IWD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DFUV 12.7%IWD 12.1%, better
Return per unit of riskSharpe ratio, 3 years: DFUV 1.32IWD 1.42, better
Worst fallMax drawdown, 5 years: DFUV −17.6%since May 2022IWD −19.0%
Market sensitivityBeta, 5 years: DFUV 0.80IWD 0.85; Market = 1

DFUV and IWD in the news

All news⁠

Best ETFs
Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list
Updated Nov 2, 2026IWD
Head-to-Head
IWD vs VBR: a lower fee does not buy the other value portfolio
18 hours agoIWD
Category Review
U.S. value funds beat the S&P 500 over the past year, but the funds did not move together
Updated Oct 21, 2026IWD
New ETFs
Avantis Investors' Avantis U.S. Core Equity ETF AVUC overlaps a fund it already runs
Oct 16, 2026IWD
Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026IWD
Category Review
One US value fund returned 68% with Micron at 22.5%. The median returned 22%
Updated Sep 23, 2026IWD

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DFUV vs IWD

In short

Stated mandate

Why people hold it