DFUVX vs. DFLVX

Last updated Jun 23, 2026

DFUVX (DFA U.S. Large Cap Value III Portfolio) and DFLVX (DFA U.S. Large Cap Value Portfolio) are both Large Cap Value Equities funds from Dimensional. Over the past 10 years, DFUVX returned 11.34%/yr vs 11.97%/yr for DFLVX. With a 1.00 correlation, they move nearly in lockstep. DFUVX charges 0.14%/yr vs 0.22%/yr for DFLVX.

Performance

DFUVX vs. DFLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA U.S. Large Cap Value III Portfolio (DFUVX) and DFA U.S. Large Cap Value Portfolio (DFLVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with DFUVX having a 15.75% return and DFLVX slightly lower at 15.69%. Over the past 10 years, DFUVX has underperformed DFLVX with an annualized return of 11.34%, while DFLVX has yielded a comparatively higher 11.97% annualized return.

DFUVX

• 1D: 0.12%
• 1M: 1.88%
• YTD: 15.75%
• 6M: 14.95%
• 1Y: 31.82%
• 3Y*: 17.96%
• 5Y*: 10.84%
• 10Y*: 11.34%

DFLVX

• 1D: 0.11%
• 1M: 1.88%
• YTD: 15.69%
• 6M: 14.91%
• 1Y: 31.69%
• 3Y*: 18.05%
• 5Y*: 12.22%
• 10Y*: 11.97%

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

DFUVX vs. DFLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFUVX DFA U.S. Large Cap Value III Portfolio	15.75%	15.83%	12.87%	11.65%	-5.73%	22.75%	-0.45%	25.62%	-11.58%	18.60%
DFLVX DFA U.S. Large Cap Value Portfolio	15.69%	16.36%	12.76%	11.52%	-5.81%	30.40%	-0.58%	25.46%	-11.68%	18.50%

Correlation

The correlation between DFUVX and DFLVX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jun 20, 1996	1.00

The correlation between DFUVX and DFLVX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

DFUVX vs. DFLVX — Risk / Return Rank

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

DFUVX

DFUVX Risk / Return Rank: 91
DFUVX Sharpe Ratio Rank: 92
DFUVX Sortino Ratio Rank: 89
DFUVX Omega Ratio Rank: 83
DFUVX Calmar Ratio Rank: 96
DFUVX Martin Ratio Rank: 95

DFLVX

DFLVX Risk / Return Rank: 91
DFLVX Sharpe Ratio Rank: 92
DFLVX Sortino Ratio Rank: 89
DFLVX Omega Ratio Rank: 83
DFLVX Calmar Ratio Rank: 96
DFLVX Martin Ratio Rank: 95

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.

DFUVX vs. DFLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA U.S. Large Cap Value III Portfolio (DFUVX) and DFA U.S. Large Cap Value Portfolio (DFLVX). 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.

	DFUVX	DFLVX	Difference
Sharpe ratio: Return per unit of total volatility	2.88	2.88	+0.01
Sortino ratio: Return per unit of downside risk	4.03	4.02	0.00
Omega ratio: Gain probability vs. loss probability	1.51	1.51	0.00
Calmar ratio: Return relative to maximum drawdown	5.60	5.56	+0.03
Martin ratio: Return relative to average drawdown	20.28	20.19	+0.08

DFUVX vs. DFLVX - Sharpe Ratio Comparison

The current DFUVX Sharpe Ratio is 2.88, which is comparable to the DFLVX Sharpe Ratio of 2.88. The chart below compares the historical Sharpe Ratios of DFUVX and DFLVX, 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

DFUVX vs. DFLVX - Drawdown Comparison

The maximum DFUVX drawdown since its inception was -65.60%, roughly equal to the maximum DFLVX drawdown of -65.65%. Use the drawdown chart below to compare losses from any high point for DFUVX and DFLVX.

Drawdown Indicators

	DFUVX	DFLVX	Difference
Max Drawdown Largest peak-to-trough decline	-65.60%	-65.65%	+0.05%
Max Drawdown (1Y) Largest decline over 1 year	-5.85%	-5.86%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-17.04%	-16.64%	-0.40%
Max Drawdown (5Y) Largest decline over 5 years	-20.33%	-19.83%	-0.50%
Max Drawdown (10Y) Largest decline over 10 years	-41.76%	-41.79%	+0.03%
Current Drawdown Current decline from peak	-1.28%	-1.26%	-0.02%
Average Drawdown Average peak-to-trough decline	-9.83%	-8.46%	-1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	1.61%	0.00%

Volatility

DFUVX vs. DFLVX - Volatility Comparison

DFA U.S. Large Cap Value III Portfolio (DFUVX) and DFA U.S. Large Cap Value Portfolio (DFLVX) have volatilities of 3.78% and 3.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFUVX	DFLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	3.79%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	8.46%	8.46%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	11.35%	11.32%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.95%	15.89%	+0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.41%	18.39%	+0.02%

DFUVX vs. DFLVX - Expense Ratio Comparison

DFUVX has a 0.14% expense ratio, which is lower than DFLVX's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DFUVX vs. DFLVX - Dividend Comparison

DFUVX's dividend yield for the trailing twelve months is around 1.51%, more than DFLVX's 1.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFLVX DFA U.S. Large Cap Value Portfolio	1.46%	1.71%	1.87%	3.65%	4.56%	5.90%	1.97%	4.04%	7.83%	6.06%	3.77%	6.52%
DFUVX DFA U.S. Large Cap Value III Portfolio	1.51%	1.31%	1.94%	5.68%	5.84%	1.77%	2.09%	5.04%	9.79%	7.99%	4.90%	8.03%

Frequently Asked Questions

Can I hold both DFUVX and DFLVX in my portfolio?

With a correlation of 1.00, DFUVX and DFLVX 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, DFUVX or DFLVX?

DFLVX has higher volatility (3.79%) compared to DFUVX (3.78%). In terms of maximum drawdown, DFUVX dropped -65.60% vs DFLVX's -65.65%.

Which has better risk-adjusted returns?

DFUVX currently has the higher Sharpe Ratio (2.88 vs 2.88), 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.