DFUS vs. FIDLX

Last updated Apr 1, 2026

Compare and contrast key facts about Dimensional U.S. Equity ETF (DFUS) and Fidelity Advisor Large Cap Fund Class Z (FIDLX).

DFUS is an actively managed fund by Dimensional. It was launched on Jun 14, 2021. FIDLX is managed by Fidelity. It was launched on Feb 1, 2017.

Performance

DFUS vs. FIDLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional U.S. Equity ETF (DFUS) and Fidelity Advisor Large Cap Fund Class Z (FIDLX). The values are adjusted to include any dividend payments, if applicable.

DFUS vs. FIDLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DFUS Dimensional U.S. Equity ETF	-4.17%	17.46%	24.34%	26.36%	-18.34%	11.90%
FIDLX Fidelity Advisor Large Cap Fund Class Z	0.00%	19.77%	26.52%	23.65%	-7.81%	4.42%

Returns By Period

DFUS

• 1D: 2.93%
• 1M: -4.98%
• YTD: -4.17%
• 6M: -1.67%
• 1Y: 18.39%
• 3Y*: 18.19%
• 5Y*: —
• 10Y*: —

FIDLX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: -1.11%
• 1Y: 22.64%
• 3Y*: 20.71%
• 5Y*: 14.15%
• 10Y*: —

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

DFUS vs. FIDLX - Expense Ratio Comparison

DFUS has a 0.11% expense ratio, which is lower than FIDLX's 0.42% expense ratio.

FIDLX

Fidelity Advisor Large Cap Fund Class Z

DFUS

Dimensional U.S. Equity ETF

Return for Risk

DFUS vs. FIDLX — Risk / Return Rank

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

DFUS

DFUS Risk / Return Rank: 66
DFUS Sharpe Ratio Rank: 60
DFUS Sortino Ratio Rank: 63
DFUS Omega Ratio Rank: 66
DFUS Calmar Ratio Rank: 65
DFUS Martin Ratio Rank: 75

FIDLX

FIDLX Risk / Return Rank: 70
FIDLX Sharpe Ratio Rank: 81
FIDLX Sortino Ratio Rank: 83
FIDLX Omega Ratio Rank: 93
FIDLX Calmar Ratio Rank: 47
FIDLX Martin Ratio Rank: 48

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.

DFUS vs. FIDLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional U.S. Equity ETF (DFUS) and Fidelity Advisor Large Cap Fund Class Z (FIDLX). 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.

	DFUS	FIDLX	Difference
Sharpe ratio Return per unit of total volatility	1.00	1.48	-0.48
Sortino ratio Return per unit of downside risk	1.52	2.10	-0.59
Omega ratio Gain probability vs. loss probability	1.23	1.46	-0.23
Calmar ratio Return relative to maximum drawdown	1.54	1.16	+0.38
Martin ratio Return relative to average drawdown	7.30	4.73	+2.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFUS vs. FIDLX - Sharpe Ratio Comparison

The current DFUS Sharpe Ratio is 1.00, which is lower than the FIDLX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of DFUS and FIDLX, 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

	DFUS	FIDLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	1.48	-0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.73	-0.12

Correlation

The correlation between DFUS and FIDLX is 0.90, 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

DFUS vs. FIDLX - Dividend Comparison

DFUS's dividend yield for the trailing twelve months is around 0.97%, less than FIDLX's 5.87% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFUS Dimensional U.S. Equity ETF	0.97%	0.88%	1.04%	1.33%	1.48%	0.85%	0.00%	0.00%	0.00%	0.00%
FIDLX Fidelity Advisor Large Cap Fund Class Z	5.87%	5.87%	6.23%	3.56%	2.42%	6.64%	5.53%	8.55%	17.01%	6.13%

Drawdowns

DFUS vs. FIDLX - Drawdown Comparison

The maximum DFUS drawdown since its inception was -24.62%, smaller than the maximum FIDLX drawdown of -37.51%. Use the drawdown chart below to compare losses from any high point for DFUS and FIDLX.

Drawdown Indicators

	DFUS	FIDLX	Difference
Max Drawdown Largest peak-to-trough decline	-24.62%	-37.51%	+12.89%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	-12.28%	-0.03%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.42%	—
Current Drawdown Current decline from peak	-6.29%	-4.17%	-2.12%
Average Drawdown Average peak-to-trough decline	-6.00%	-4.55%	-1.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	3.90%	-1.30%

Volatility

DFUS vs. FIDLX - Volatility Comparison

Dimensional U.S. Equity ETF (DFUS) has a higher volatility of 5.45% compared to Fidelity Advisor Large Cap Fund Class Z (FIDLX) at 0.00%. This indicates that DFUS's price experiences larger fluctuations and is considered to be riskier than FIDLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFUS	FIDLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	0.00%	+5.45%
Volatility (6M) Calculated over the trailing 6-month period	9.77%	5.87%	+3.90%
Volatility (1Y) Calculated over the trailing 1-year period	18.53%	17.17%	+1.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.38%	16.54%	+0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.38%	19.07%	-1.69%