DFLV vs. DFRA

Last updated Apr 2, 2026

Compare and contrast key facts about Dimensional US Large Cap Value ETF (DFLV) and Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA).

DFLV and DFRA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFLV is an actively managed fund by Dimensional. It was launched on Dec 6, 2022. DFRA is a passively managed fund by Donoghue Forlines that tracks the performance of the FCF Yield Enhanced Real Asset Index - Benchmark TR Net. It was launched on Dec 13, 2021.

Performance

DFLV vs. DFRA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional US Large Cap Value ETF (DFLV) and Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA). The values are adjusted to include any dividend payments, if applicable.

DFLV vs. DFRA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DFLV Dimensional US Large Cap Value ETF	5.00%	15.90%	12.88%	12.31%	-0.67%
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF	10.68%	6.64%	7.05%	18.89%	-0.09%

Returns By Period

In the year-to-date period, DFLV achieves a 5.00% return, which is significantly lower than DFRA's 10.68% return.

DFLV

• 1D: 0.22%
• 1M: -3.41%
• YTD: 5.00%
• 6M: 9.71%
• 1Y: 19.33%
• 3Y*: 15.35%
• 5Y*: —
• 10Y*: —

DFRA

• 1D: 1.52%
• 1M: -5.53%
• YTD: 10.68%
• 6M: 11.86%
• 1Y: 16.10%
• 3Y*: 13.99%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DFLV vs. DFRA - Expense Ratio Comparison

DFLV has a 0.22% expense ratio, which is lower than DFRA's 0.69% expense ratio.

DFRA

Donoghue Forlines Yield Enhanced Real Asset ETF

DFLV

Dimensional US Large Cap Value ETF

Return for Risk

DFLV vs. DFRA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFLV

DFLV Risk / Return Rank: 63
DFLV Sharpe Ratio Rank: 64
DFLV Sortino Ratio Rank: 63
DFLV Omega Ratio Rank: 66
DFLV Calmar Ratio Rank: 58
DFLV Martin Ratio Rank: 65

DFRA

DFRA Risk / Return Rank: 42
DFRA Sharpe Ratio Rank: 44
DFRA Sortino Ratio Rank: 43
DFRA Omega Ratio Rank: 44
DFRA Calmar Ratio Rank: 37
DFRA Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFLV vs. DFRA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional US Large Cap Value ETF (DFLV) and Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA). 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.

	DFLV	DFRA	Difference
Sharpe ratio Return per unit of total volatility	1.17	0.87	+0.29
Sortino ratio Return per unit of downside risk	1.67	1.28	+0.39
Omega ratio Gain probability vs. loss probability	1.25	1.18	+0.07
Calmar ratio Return relative to maximum drawdown	1.55	1.12	+0.44
Martin ratio Return relative to average drawdown	6.85	4.52	+2.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFLV vs. DFRA - Sharpe Ratio Comparison

The current DFLV Sharpe Ratio is 1.17, which is higher than the DFRA Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of DFLV and DFRA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DFLV	DFRA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	0.87	+0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.73	+0.23

Correlation

The correlation between DFLV and DFRA is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DFLV vs. DFRA - Dividend Comparison

DFLV's dividend yield for the trailing twelve months is around 1.55%, less than DFRA's 4.12% yield.

	TTM	2025	2024	2023	2022	2021
DFLV Dimensional US Large Cap Value ETF	1.55%	1.61%	1.65%	1.72%	0.11%	0.00%
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF	4.12%	2.86%	10.13%	4.70%	8.40%	0.08%

Drawdowns

DFLV vs. DFRA - Drawdown Comparison

The maximum DFLV drawdown since its inception was -16.80%, smaller than the maximum DFRA drawdown of -19.35%. Use the drawdown chart below to compare losses from any high point for DFLV and DFRA.

Drawdown Indicators

	DFLV	DFRA	Difference
Max Drawdown Largest peak-to-trough decline	-16.80%	-19.35%	+2.55%
Max Drawdown (1Y) Largest decline over 1 year	-12.26%	-14.67%	+2.41%
Current Drawdown Current decline from peak	-3.51%	-5.53%	+2.02%
Average Drawdown Average peak-to-trough decline	-3.21%	-3.91%	+0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	3.63%	-0.85%

Volatility

DFLV vs. DFRA - Volatility Comparison

The current volatility for Dimensional US Large Cap Value ETF (DFLV) is 3.97%, while Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA) has a volatility of 6.81%. This indicates that DFLV experiences smaller price fluctuations and is considered to be less risky than DFRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFLV	DFRA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	6.81%	-2.84%
Volatility (6M) Calculated over the trailing 6-month period	8.73%	11.88%	-3.15%
Volatility (1Y) Calculated over the trailing 1-year period	16.67%	18.56%	-1.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.41%	17.59%	-3.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.41%	17.59%	-3.18%