DFLV vs. FCTDX

Last updated Jun 4, 2026

DFLV (Dimensional US Large Cap Value ETF) and FCTDX (Strategic Advisers Fidelity U.S. Total Stock Fund) are both funds - DFLV is a Large Cap Value Equities fund actively managed by Dimensional, while FCTDX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 3 years, DFLV returned 19.43%/yr vs 22.08%/yr for FCTDX. A 0.68 correlation means they provide meaningful diversification when combined. DFLV charges 0.22%/yr vs 0.61%/yr for FCTDX.

Performance

DFLV vs. FCTDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional US Large Cap Value ETF (DFLV) and Strategic Advisers Fidelity U.S. Total Stock Fund (FCTDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFLV achieves a 16.07% return, which is significantly higher than FCTDX's 13.26% return.

DFLV

• 1D: -0.03%
• 1M: 5.16%
• YTD: 16.07%
• 6M: 17.79%
• 1Y: 33.56%
• 3Y*: 19.43%
• 5Y*: —
• 10Y*: —

FCTDX

• 1D: 0.27%
• 1M: 5.64%
• YTD: 13.26%
• 6M: 14.00%
• 1Y: 27.94%
• 3Y*: 22.08%
• 5Y*: 13.04%
• 10Y*: —

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

DFLV vs. FCTDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DFLV Dimensional US Large Cap Value ETF	16.07%	15.90%	12.88%	12.31%	-0.67%
FCTDX Strategic Advisers Fidelity U.S. Total Stock Fund	13.26%	15.63%	23.13%	26.72%	-1.91%

Correlation

The correlation between DFLV and FCTDX is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (All Time) Calculated using the full available price history since Dec 8, 2022	0.68

The correlation between DFLV and FCTDX shifts across timeframes, from 0.53 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DFLV vs. FCTDX — Risk / Return Rank

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

DFLV

DFLV Risk / Return Rank: 89
DFLV Sharpe Ratio Rank: 88
DFLV Sortino Ratio Rank: 89
DFLV Omega Ratio Rank: 86
DFLV Calmar Ratio Rank: 92
DFLV Martin Ratio Rank: 90

FCTDX

FCTDX Risk / Return Rank: 82
FCTDX Sharpe Ratio Rank: 83
FCTDX Sortino Ratio Rank: 78
FCTDX Omega Ratio Rank: 74
FCTDX Calmar Ratio Rank: 84
FCTDX Martin Ratio Rank: 90

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. FCTDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional US Large Cap Value ETF (DFLV) and Strategic Advisers Fidelity U.S. Total Stock Fund (FCTDX). 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	FCTDX	Difference
Sharpe ratio: Return per unit of total volatility	3.01	2.67	+0.34
Sortino ratio: Return per unit of downside risk	4.19	3.70	+0.50
Omega ratio: Gain probability vs. loss probability	1.54	1.49	+0.05
Calmar ratio: Return relative to maximum drawdown	6.15	3.89	+2.26
Martin ratio: Return relative to average drawdown	21.61	18.24	+3.37
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. FCTDX - Sharpe Ratio Comparison

The current DFLV Sharpe Ratio is 3.01, which is comparable to the FCTDX Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of DFLV and FCTDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DFLV	FCTDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.01	2.67	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	0.79	+0.37

Drawdowns

DFLV vs. FCTDX - Drawdown Comparison

The maximum DFLV drawdown since its inception was -16.80%, smaller than the maximum FCTDX drawdown of -34.51%. Use the drawdown chart below to compare losses from any high point for DFLV and FCTDX.

Drawdown Indicators

	DFLV	FCTDX	Difference
Max Drawdown Largest peak-to-trough decline	-16.80%	-34.51%	+17.71%
Max Drawdown (1Y) Largest decline over 1 year	-5.48%	-8.96%	+3.48%
Max Drawdown (3Y) Largest decline over 3 years	-16.80%	-19.08%	+2.28%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.92%	—
Current Drawdown Current decline from peak	-0.03%	0.00%	-0.03%
Average Drawdown Average peak-to-trough decline	-3.08%	-5.19%	+2.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	1.99%	-0.43%

Volatility

DFLV vs. FCTDX - Volatility Comparison

The current volatility for Dimensional US Large Cap Value ETF (DFLV) is 2.68%, while Strategic Advisers Fidelity U.S. Total Stock Fund (FCTDX) has a volatility of 3.27%. This indicates that DFLV experiences smaller price fluctuations and is considered to be less risky than FCTDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFLV	FCTDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.68%	3.27%	-0.59%
Volatility (6M) Calculated over the trailing 6-month period	8.08%	10.41%	-2.33%
Volatility (1Y) Calculated over the trailing 1-year period	11.22%	13.04%	-1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.21%	17.49%	-3.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.21%	19.67%	-5.46%

DFLV vs. FCTDX - Expense Ratio Comparison

DFLV has a 0.22% expense ratio, which is lower than FCTDX's 0.61% expense ratio.

Dividends

DFLV vs. FCTDX - Dividend Comparison

DFLV's dividend yield for the trailing twelve months is around 1.40%, less than FCTDX's 1.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DFLV Dimensional US Large Cap Value ETF	1.40%	1.61%	1.65%	1.72%	0.11%	0.00%	0.00%	0.00%	0.00%
FCTDX Strategic Advisers Fidelity U.S. Total Stock Fund	1.68%	1.90%	4.33%	2.26%	5.75%	7.90%	2.73%	2.89%	2.38%

Frequently Asked Questions

Can I hold both DFLV and FCTDX in my portfolio?

DFLV and FCTDX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFLV or FCTDX?

FCTDX has higher volatility (3.27%) compared to DFLV (2.68%). In terms of maximum drawdown, DFLV dropped -16.80% vs FCTDX's -34.51%.

Which has better risk-adjusted returns?

DFLV currently has the higher Sharpe Ratio (3.01 vs 2.67), 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.