DFLV vs. DFUV

Last updated Aug 2, 2026

DFLV (Dimensional US Large Cap Value ETF) and DFUV (Dimensional US Marketwide Value ETF) are both Large Cap Value Equities funds from Dimensional. Both are actively managed. Over the past 3 years, DFLV returned 17.54%/yr vs 17.41%/yr for DFUV. Their 0.98 correlation means they have historically moved very closely together. DFLV charges 0.22%/yr vs 0.21%/yr for DFUV.

Performance

DFLV vs. DFUV - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with DFLV having a 19.79% return and DFUV slightly higher at 20.16%.

DFLV

• 1D: 0.32%
• 1M: 2.44%
• 6M: 14.18%
• YTD: 19.79%
• 1Y: 33.99%
• 3Y*: 17.54%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.47%

DFUV

• 1D: 0.22%
• 1M: 1.35%
• 6M: 14.55%
• YTD: 20.16%
• 1Y: 34.64%
• 3Y*: 17.41%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.13%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DFLV Dimensional US Large Cap Value ETF	$27.23M	$28.99M	$30.54M
DFUV Dimensional US Marketwide Value ETF	$24.58M	$21.37M	$22.37M

DFLV vs. DFUV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DFLV Dimensional US Large Cap Value ETF	19.79%	15.90%	12.88%	12.31%	-0.94%
DFUV Dimensional US Marketwide Value ETF	20.16%	15.77%	11.79%	13.25%	-1.04%

Correlation

The correlation between DFLV and DFUV is 0.98 - 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.	0.98
Correlation (3Y) Balances recent behavior with more history.	0.98
Correlation (All Time) Calculated using the full available price history since Dec 7, 2022	0.98

The correlation between DFLV and DFUV has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

DFLV vs. DFUV - Sectors Allocation Comparison

Sectors	DFLV	DFUV
Financial Services	22.2%	22.8%
Healthcare	14.5%	15.1%
Energy	14.4%	12.1%
Industrials	13.5%	12.8%
Technology	11.4%	13.6%
Consumer Cyclical	7.4%	7.5%
Basic Materials	6.8%	6.4%
Communication Services	4.7%	5.3%
Consumer Defensive	4.4%	3.6%
Real Estate	0.4%	0.3%
Utilities	-	0.1%

Return for Risk

DFLV vs. DFUV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DFLV

DFLV Risk / Return Rank: 95
DFLV Sharpe Ratio Rank: 96
DFLV Sortino Ratio Rank: 95
DFLV Omega Ratio Rank: 94
DFLV Calmar Ratio Rank: 96
DFLV Martin Ratio Rank: 95

DFUV

DFUV Risk / Return Rank: 95
DFUV Sharpe Ratio Rank: 95
DFUV Sortino Ratio Rank: 94
DFUV Omega Ratio Rank: 93
DFUV Calmar Ratio Rank: 95
DFUV Martin Ratio Rank: 95

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.

DFLV vs. DFUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional US Large Cap Value ETF (DFLV) and Dimensional US Marketwide Value ETF (DFUV). 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.

	DFLV	DFUV	Difference
Sharpe ratio: Return per unit of total volatility	2.87	2.74	+0.12
Sortino ratio: Return per unit of downside risk	3.96	3.82	+0.14
Omega ratio: Gain probability vs. loss probability	1.52	1.49	+0.03
Calmar ratio: Return relative to maximum drawdown	5.88	5.47	+0.40
Martin ratio: Return relative to average drawdown	21.75	20.64	+1.12

DFLV vs. DFUV - Sharpe Ratio Comparison

The current DFLV Sharpe Ratio is 2.87, which is comparable to the DFUV Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of DFLV and DFUV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DFLV vs. DFUV - Drawdown Comparison

The maximum DFLV drawdown since its inception was -16.80%, roughly equal to the maximum DFUV drawdown of -17.60%. Use the drawdown chart below to compare losses from any high point for DFLV and DFUV.

Drawdown Indicators

	DFLV	DFUV	Difference
Max Drawdown Largest peak-to-trough decline	-16.80%	-17.60%	+0.80%
Max Drawdown (1Y) Largest decline over 1 year	-5.48%	-6.01%	+0.53%
Max Drawdown (3Y) Largest decline over 3 years	-16.80%	-17.60%	+0.80%
Current Drawdown Current decline from peak	-0.46%	-0.38%	-0.08%
Average Drawdown Average peak-to-trough decline	-2.96%	-3.54%	+0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.48%	1.59%	-0.11%

Volatility

DFLV vs. DFUV - Volatility Comparison

The current volatility for Dimensional US Large Cap Value ETF (DFLV) is 2.31%, while Dimensional US Marketwide Value ETF (DFUV) has a volatility of 2.63%. This indicates that DFLV experiences smaller price fluctuations and is considered to be less risky than DFUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFLV	DFUV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.31%	2.63%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	8.00%	8.65%	-0.65%
Volatility (1Y) Calculated over the trailing 1-year period	11.28%	12.02%	-0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.07%	16.12%	-2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.07%	16.12%	-2.05%

DFLV vs. DFUV - Expense Ratio Comparison

DFLV has a 0.22% expense ratio, which is higher than DFUV's 0.21% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DFLV vs. DFUV - Dividend Comparison

DFLV's dividend yield for the trailing twelve months is around 1.36%, more than DFUV's 1.30% yield.

Position	TTM	2025	2024	2023	2022
DFLV Dimensional US Large Cap Value ETF	1.36%	1.61%	1.65%	1.72%	0.11%
DFUV Dimensional US Marketwide Value ETF	1.30%	1.55%	1.64%	1.72%	1.34%

Frequently Asked Questions

Can I hold both DFLV and DFUV in my portfolio?

With a correlation of 0.98, DFLV and DFUV 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.

Which is riskier, DFLV or DFUV?

DFUV has higher volatility (2.63%) compared to DFLV (2.31%). In terms of maximum drawdown, DFLV dropped -16.80% vs DFUV's -17.60%.

Which ETF is better, DFLV or DFUV?

On 3-year performance, DFLV leads with 17.54% vs 17.41% for DFUV. On fees, DFUV is cheaper at 0.21% per year. On volatility, DFLV has been the lower-risk option at 2.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFLV or DFUV?

Over the 3-year period, DFLV has performed better with a 17.54% return vs 17.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFLV or DFUV?

DFUV is cheaper with a 0.21% expense ratio, compared with 0.22% for DFLV.

Which ETF pays a higher dividend yield, DFLV or DFUV?

DFLV has the higher dividend yield at 1.36%, compared with 1.30% for DFUV.

What is the main difference between DFLV and DFUV?

Their fees differ too: 0.22% for DFLV and 0.21% for DFUV.

Which has better risk-adjusted returns?

DFLV currently has the higher Sharpe Ratio (2.87 vs 2.74), 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.