DFLV vs. IWX
DFLV (Dimensional US Large Cap Value ETF) and IWX (iShares Russell Top 200 Value ETF) are both Large Cap Value Equities funds. DFLV is actively managed, while IWX is passively managed. Over the past 3 years, DFLV returned 17.54%/yr vs 18.98%/yr for IWX. Their correlation of 0.94 means they have usually moved in the same direction. DFLV charges 0.22%/yr vs 0.20%/yr for IWX.
Performance
DFLV vs. IWX - Performance Comparison
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Returns By Period
In the year-to-date period, DFLV achieves a 19.79% return, which is significantly lower than IWX's 20.90% return.
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%
IWX
- 1D
- 0.74%
- 1M
- 2.59%
- 6M
- 15.57%
- YTD
- 20.90%
- 1Y
- 34.92%
- 3Y*
- 18.98%
- 5Y*
- 12.65%
- 10Y*
- 12.13%
- ALL TIME*
- 11.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $27.23M | $28.99M | $30.54M | |
| $55.11M | $49.72M | $33.93M |
DFLV vs. IWX - 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% |
IWX iShares Russell Top 200 Value ETF | 20.90% | 18.23% | 14.89% | 10.45% | -0.33% |
Correlation
The correlation between DFLV and IWX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2022 | 0.94 |
The correlation between DFLV and IWX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
DFLV vs. IWX - Sectors Allocation Comparison
Sectors
DFLV
IWX
Financial Services
Healthcare
Energy
Industrials
Technology
Consumer Cyclical
Basic Materials
Communication Services
Consumer Defensive
Real Estate
Utilities
-
Financial Services
DFLV
IWX
Healthcare
DFLV
IWX
Energy
DFLV
IWX
Industrials
DFLV
IWX
Technology
DFLV
IWX
Consumer Cyclical
DFLV
IWX
Basic Materials
DFLV
IWX
Communication Services
DFLV
IWX
Consumer Defensive
DFLV
IWX
Real Estate
DFLV
IWX
Utilities
DFLV
-
IWX
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Return for Risk
DFLV vs. IWX — Risk / Return Rank
DFLV
IWX
DFLV vs. IWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional US Large Cap Value ETF (DFLV) and iShares Russell Top 200 Value ETF (IWX). 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 | IWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.55 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.88 | 5.05 | +0.83 |
| Martin ratioReturn relative to average drawdown | 21.75 | 22.22 | -0.46 |
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Drawdowns
DFLV vs. IWX - Drawdown Comparison
The maximum DFLV drawdown since its inception was -16.80%, smaller than the maximum IWX drawdown of -35.76%. Use the drawdown chart below to compare losses from any high point for DFLV and IWX.
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Drawdown Indicators
| DFLV | IWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.80% | -35.76% | +18.96% |
Max Drawdown (1Y)Largest decline over 1 year | -5.48% | -6.59% | +1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -16.80% | -13.37% | -3.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.13% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.76% | — |
Current DrawdownCurrent decline from peak | -0.46% | 0.00% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -2.96% | -3.79% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 1.50% | -0.02% |
Volatility
DFLV vs. IWX - Volatility Comparison
The current volatility for Dimensional US Large Cap Value ETF (DFLV) is 2.31%, while iShares Russell Top 200 Value ETF (IWX) has a volatility of 3.10%. This indicates that DFLV experiences smaller price fluctuations and is considered to be less risky than IWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFLV | IWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 3.10% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 8.00% | 8.46% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.28% | 10.81% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.07% | 13.89% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.07% | 16.48% | -2.41% |
DFLV vs. IWX - Expense Ratio Comparison
DFLV has a 0.22% expense ratio, which is higher than IWX's 0.20% 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. IWX - Dividend Comparison
DFLV's dividend yield for the trailing twelve months is around 1.36%, less than IWX's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFLV Dimensional US Large Cap Value ETF | 1.36% | 1.61% | 1.65% | 1.72% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWX iShares Russell Top 200 Value ETF | 1.39% | 1.59% | 1.97% | 2.13% | 2.07% | 1.79% | 2.12% | 2.60% | 2.66% | 2.12% | 2.22% | 2.77% |
Frequently Asked Questions
With a correlation of 0.91, DFLV and IWX 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.
IWX has higher volatility (3.10%) compared to DFLV (2.31%). In terms of maximum drawdown, DFLV dropped -16.80% vs IWX's -35.76%.
On 3-year performance, IWX leads with 18.98% vs 17.54% for DFLV. On fees, IWX is cheaper at 0.20% 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.
Over the 3-year period, IWX has performed better with a 18.98% return vs 17.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWX is cheaper with a 0.20% expense ratio, compared with 0.22% for DFLV.
IWX has the higher dividend yield at 1.39%, compared with 1.36% for DFLV.
They also come from different issuers: Dimensional and iShares. Their fees differ too: 0.22% for DFLV and 0.20% for IWX.
IWX currently has the higher Sharpe Ratio (3.10 vs 2.87), 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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