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DFIV vs. IVLU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DFIV vs. IVLU

Last updated Aug 2, 2026
Documentation

DFIV (Dimensional International Value ETF) and IVLU (iShares MSCI International Value Factor ETF) are both Foreign Large Cap Equities funds. DFIV is actively managed, while IVLU is passively managed. Over the past 3 years, DFIV returned 23.26%/yr vs 23.41%/yr for IVLU. Their 0.97 correlation means they have historically moved very closely together. DFIV charges 0.27%/yr vs 0.30%/yr for IVLU.

Performance

DFIV vs. IVLU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional International Value ETF (DFIV) and iShares MSCI International Value Factor ETF (IVLU). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with DFIV having a 16.68% return and IVLU slightly lower at 16.33%.

DFIV

1D
-0.47%
1M
4.37%
6M
10.06%
YTD
16.68%
1Y
37.44%
3Y*
23.26%
5Y*
—
10Y*
—
ALL TIME*
16.12%

IVLU

1D
-0.55%
1M
2.86%
6M
9.29%
YTD
16.33%
1Y
37.00%
3Y*
23.41%
5Y*
15.79%
10Y*
11.54%
ALL TIME*
8.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DFIV

Dimensional International Value ETF
$76.53M$67.72M$67.89M

IVLU

iShares MSCI International Value Factor ETF
$37.29M$34.10M$39.51M

DFIV vs. IVLU - Yearly Performance Comparison

2026 (YTD)20252024202320222021
DFIV
Dimensional International Value ETF		16.68%45.36%7.26%17.75%-3.70%0.50%
IVLU
iShares MSCI International Value Factor ETF		16.33%46.09%6.76%20.07%-5.73%-0.12%

Correlation

The correlation between DFIV and IVLU is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.97

Correlation (3Y)
Balances recent behavior with more history.

0.97

Correlation (All Time)
Calculated using the full available price history since Sep 13, 2021

0.97

The correlation between DFIV and IVLU has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

DFIV vs. IVLU - Sectors Allocation Comparison

Sectors
DFIV
IVLU

Financial Services

34.3%
29.4%

Energy

14.1%
5.6%

Basic Materials

10.5%
7.2%

Industrials

9.8%
17.2%

Consumer Cyclical

9.7%
7.1%

Healthcare

5.4%
9.8%

Consumer Defensive

5.2%
6.0%

Communication Services

4.0%
3.4%

Technology

3.1%
8.8%

Utilities

2.3%
3.6%

Real Estate

1.7%
1.4%

Financial Services

DFIV
34.3%
IVLU
29.4%

Energy

DFIV
14.1%
IVLU
5.6%

Basic Materials

DFIV
10.5%
IVLU
7.2%

Industrials

DFIV
9.8%
IVLU
17.2%

Consumer Cyclical

DFIV
9.7%
IVLU
7.1%

Healthcare

DFIV
5.4%
IVLU
9.8%

Consumer Defensive

DFIV
5.2%
IVLU
6.0%

Communication Services

DFIV
4.0%
IVLU
3.4%

Technology

DFIV
3.1%
IVLU
8.8%

Utilities

DFIV
2.3%
IVLU
3.6%

Real Estate

DFIV
1.7%
IVLU
1.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Dimensional International Value ETF

iShares MSCI International Value Factor ETF

Often compared with DFIV:
DFIV vs. FNDFDFIV vs. AVIVDFIV vs. VYMIDFIV vs. DFVIXDFIV vs. IWVL.LDFIV vs. AVDEDFIV vs. AVDVX
Often compared with IVLU:
IVLU vs. FIVAIVLU vs. VXUSIVLU vs. IDMOIVLU vs. DISVIVLU vs. IEFAIVLU vs. SFNNXIVLU vs. INTF

Return for Risk

DFIV vs. IVLU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
DFIV
DFIV Risk / Return Rank: 9393
Overall Rank
DFIV Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
DFIV Sortino Ratio Rank: 9494
Sortino Ratio Rank
DFIV Omega Ratio Rank: 9393
Omega Ratio Rank
DFIV Calmar Ratio Rank: 9090
Calmar Ratio Rank
DFIV Martin Ratio Rank: 9191
Martin Ratio Rank
IVLU
IVLU Risk / Return Rank: 8989
Overall Rank
IVLU Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
IVLU Sortino Ratio Rank: 9191
Sortino Ratio Rank
IVLU Omega Ratio Rank: 9090
Omega Ratio Rank
IVLU Calmar Ratio Rank: 8484
Calmar Ratio Rank
IVLU Martin Ratio Rank: 8686
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DFIV vs. IVLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional International Value ETF (DFIV) and iShares MSCI International Value Factor ETF (IVLU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

DFIVIVLUDifference
Sharpe ratioReturn per unit of total volatility
2.69
2.37

+0.31

Sortino ratioReturn per unit of downside risk
3.65
3.23

+0.42

Omega ratioGain probability vs. loss probability

1.48

1.42

+0.06

Calmar ratioReturn relative to maximum drawdown

3.86

3.16

+0.70

Martin ratioReturn relative to average drawdown

14.96

12.11

+2.85

DFIV vs. IVLU - Sharpe Ratio Comparison

The current DFIV Sharpe Ratio is 2.69, which is comparable to the IVLU Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of DFIV and IVLU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DFIV vs. IVLU - Drawdown Comparison

The maximum DFIV drawdown since its inception was -25.42%, smaller than the maximum IVLU drawdown of -41.85%. Use the drawdown chart below to compare losses from any high point for DFIV and IVLU.

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Drawdown Indicators

DFIVIVLUDifference

Max Drawdown

Largest peak-to-trough decline

-25.42%

-41.85%

+16.43%

Max Drawdown (1Y)

Largest decline over 1 year

-9.66%

-11.69%

+2.03%

Max Drawdown (3Y)

Largest decline over 3 years

-14.72%

-15.48%

+0.76%

Max Drawdown (5Y)

Largest decline over 5 years

—

-26.04%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.85%

—

Current Drawdown

Current decline from peak

-0.47%

-0.55%

+0.08%

Average Drawdown

Average peak-to-trough decline

-4.37%

-8.49%

+4.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.49%

3.05%

-0.56%

Volatility

DFIV vs. IVLU - Volatility Comparison

The current volatility for Dimensional International Value ETF (DFIV) is 3.89%, while iShares MSCI International Value Factor ETF (IVLU) has a volatility of 4.95%. This indicates that DFIV experiences smaller price fluctuations and is considered to be less risky than IVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DFIVIVLUDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.89%

4.95%

-1.06%

Volatility (6M)

Calculated over the trailing 6-month period

11.59%

13.38%

-1.79%

Volatility (1Y)

Calculated over the trailing 1-year period

13.91%

15.63%

-1.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.55%

16.53%

+0.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.55%

17.40%

-0.85%

DFIV vs. IVLU - Expense Ratio Comparison

DFIV has a 0.27% expense ratio, which is lower than IVLU's 0.30% expense ratio.

Dividends

DFIV vs. IVLU - Dividend Comparison

DFIV's dividend yield for the trailing twelve months is around 2.58%, less than IVLU's 3.23% yield.

PositionTTM20252024202320222021202020192018201720162015
DFIV
Dimensional International Value ETF		2.58%2.92%3.88%3.93%3.84%2.30%0.00%0.00%0.00%0.00%0.00%0.00%
IVLU
iShares MSCI International Value Factor ETF		3.23%3.71%4.46%4.69%3.59%3.47%2.05%3.53%2.82%2.87%2.53%0.93%

Frequently Asked Questions

With a correlation of 0.97, DFIV and IVLU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

IVLU has higher volatility (4.95%) compared to DFIV (3.89%). In terms of maximum drawdown, DFIV dropped -25.42% vs IVLU's -41.85%.

On 3-year performance, IVLU leads with 23.41% vs 23.26% for DFIV. On fees, DFIV is cheaper at 0.27% per year. On volatility, DFIV has been the lower-risk option at 3.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, IVLU has performed better with a 23.41% return vs 23.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DFIV is cheaper with a 0.27% expense ratio, compared with 0.30% for IVLU.

IVLU has the higher dividend yield at 3.23%, compared with 2.58% for DFIV.

They also come from different issuers: Dimensional and iShares. Their fees differ too: 0.27% for DFIV and 0.30% for IVLU.

DFIV currently has the higher Sharpe Ratio (2.69 vs 2.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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