DFVX vs. IWX

Last updated Aug 2, 2026

DFVX (Dimensional US Large Cap Vector ETF) and IWX (iShares Russell Top 200 Value ETF) are both Large Cap Value Equities funds. DFVX is actively managed, while IWX is passively managed. Over the past year, DFVX returned 23.19% vs 34.92% for IWX. Their correlation of 0.87 means they have usually moved in the same direction. DFVX charges 0.22%/yr vs 0.20%/yr for IWX.

Performance

DFVX vs. IWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional US Large Cap Vector ETF (DFVX) and iShares Russell Top 200 Value ETF (IWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFVX achieves a 13.39% return, which is significantly lower than IWX's 20.90% return.

DFVX

• 1D: 1.45%
• 1M: 1.68%
• 6M: 8.85%
• YTD: 13.39%
• 1Y: 23.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.51%

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%

*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)
DFVX Dimensional US Large Cap Vector ETF	$902.16K	$893.51K	$912.47K
IWX iShares Russell Top 200 Value ETF	$55.11M	$49.72M	$33.93M

DFVX vs. IWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DFVX Dimensional US Large Cap Vector ETF	13.39%	15.35%	17.72%	10.84%
IWX iShares Russell Top 200 Value ETF	20.90%	18.23%	14.89%	10.71%

Correlation

The correlation between DFVX and IWX is 0.90, 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.	0.90
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023	0.87

The correlation between DFVX and IWX has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.

DFVX vs. IWX - Sectors Allocation Comparison

Sectors	DFVX	IWX
Technology	17.4%	22.6%
Industrials	14.5%	8.3%
Financial Services	13.7%	20.0%
Communication Services	13.1%	3.5%
Consumer Cyclical	10.9%	11.6%
Healthcare	10.9%	13.6%
Energy	7.9%	5.1%
Consumer Defensive	7.4%	8.2%
Basic Materials	3.6%	2.8%
Utilities	0.4%	2.6%
Real Estate	0.1%	1.8%

Return for Risk

DFVX vs. IWX — Risk / Return Rank

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

DFVX

DFVX Risk / Return Rank: 82
DFVX Sharpe Ratio Rank: 82
DFVX Sortino Ratio Rank: 80
DFVX Omega Ratio Rank: 81
DFVX Calmar Ratio Rank: 81
DFVX Martin Ratio Rank: 87

IWX

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

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.

DFVX vs. IWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional US Large Cap Vector ETF (DFVX) 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.

	DFVX	IWX	Difference
Sharpe ratio: Return per unit of total volatility	1.88	3.10	-1.22
Sortino ratio: Return per unit of downside risk	2.62	4.28	-1.66
Omega ratio: Gain probability vs. loss probability	1.34	1.55	-0.21
Calmar ratio: Return relative to maximum drawdown	2.96	5.05	-2.09
Martin ratio: Return relative to average drawdown	12.70	22.22	-9.52

DFVX vs. IWX - Sharpe Ratio Comparison

The current DFVX Sharpe Ratio is 1.88, which is lower than the IWX Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of DFVX and IWX, 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

DFVX vs. IWX - Drawdown Comparison

The maximum DFVX drawdown since its inception was -16.71%, smaller than the maximum IWX drawdown of -35.76%. Use the drawdown chart below to compare losses from any high point for DFVX and IWX.

Drawdown Indicators

	DFVX	IWX	Difference
Max Drawdown Largest peak-to-trough decline	-16.71%	-35.76%	+19.05%
Max Drawdown (1Y) Largest decline over 1 year	-7.17%	-6.59%	-0.58%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.37%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.13%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.76%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.74%	-3.79%	+2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	1.50%	+0.18%

Volatility

DFVX vs. IWX - Volatility Comparison

Dimensional US Large Cap Vector ETF (DFVX) and iShares Russell Top 200 Value ETF (IWX) have volatilities of 3.07% and 3.10%, 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

	DFVX	IWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	3.10%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	8.61%	8.46%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	11.31%	10.81%	+0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.58%	13.89%	-0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.58%	16.48%	-2.90%

DFVX vs. IWX - Expense Ratio Comparison

DFVX 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

DFVX vs. IWX - Dividend Comparison

DFVX's dividend yield for the trailing twelve months is around 1.14%, less than IWX's 1.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFVX Dimensional US Large Cap Vector ETF	1.14%	1.21%	1.22%	0.32%	0.00%	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

Can I hold both DFVX and IWX in my portfolio?

With a correlation of 0.90, DFVX 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.

Which is riskier, DFVX or IWX?

IWX has higher volatility (3.10%) compared to DFVX (3.07%). In terms of maximum drawdown, DFVX dropped -16.71% vs IWX's -35.76%.

Which ETF is better, DFVX or IWX?

On 1-year performance, IWX leads with 34.92% vs 23.19% for DFVX. On fees, IWX is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFVX or IWX?

Over the 1-year period, IWX has performed better with a 34.92% return vs 23.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFVX or IWX?

IWX is cheaper with a 0.20% expense ratio, compared with 0.22% for DFVX.

Which ETF pays a higher dividend yield, DFVX or IWX?

IWX has the higher dividend yield at 1.39%, compared with 1.14% for DFVX.

What is the main difference between DFVX and IWX?

They also come from different issuers: Dimensional and iShares. Their fees differ too: 0.22% for DFVX and 0.20% for IWX.

Which has better risk-adjusted returns?

IWX currently has the higher Sharpe Ratio (3.10 vs 1.88), 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.