DVAL vs. ABEQ

Last updated Jun 24, 2026

DVAL (BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF) and ABEQ (Absolute Select Value ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past 3 years, DVAL returned 13.18%/yr vs 12.13%/yr for ABEQ. A 0.75 correlation means they provide meaningful diversification when combined. DVAL charges 0.49%/yr vs 0.85%/yr for ABEQ.

Performance

DVAL vs. ABEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF (DVAL) and Absolute Select Value ETF (ABEQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVAL achieves a 8.47% return, which is significantly higher than ABEQ's 4.69% return.

DVAL

• 1D: 0.14%
• 1M: 1.85%
• YTD: 8.47%
• 6M: 7.88%
• 1Y: 14.39%
• 3Y*: 13.18%
• 5Y*: —
• 10Y*: —

ABEQ

• 1D: 0.09%
• 1M: 0.01%
• YTD: 4.69%
• 6M: 3.56%
• 1Y: 10.41%
• 3Y*: 12.13%
• 5Y*: 8.05%
• 10Y*: —

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

DVAL vs. ABEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DVAL BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF	8.47%	8.74%	12.84%	8.73%	1.56%
ABEQ Absolute Select Value ETF	4.69%	15.32%	12.68%	4.63%	3.75%

Correlation

The correlation between DVAL and ABEQ is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (All Time) Calculated using the full available price history since Oct 31, 2022	0.75

The correlation between DVAL and ABEQ has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.

DVAL vs. ABEQ - Sectors Allocation Comparison

Sectors	DVAL	ABEQ
Financial Services	31.9%	29.8%
Industrials	14.8%	15.6%
Technology	11.8%	4.4%
Consumer Cyclical	10.2%	-
Communication Services	10.0%	6.2%
Healthcare	7.9%	6.1%
Consumer Defensive	6.6%	7.0%
Energy	5.6%	11.8%
Utilities	1.1%	1.4%
Basic Materials	0.1%	19.4%
Real Estate	-	4.2%

Return for Risk

DVAL vs. ABEQ — Risk / Return Rank

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

DVAL

DVAL Risk / Return Rank: 44
DVAL Sharpe Ratio Rank: 41
DVAL Sortino Ratio Rank: 43
DVAL Omega Ratio Rank: 38
DVAL Calmar Ratio Rank: 51
DVAL Martin Ratio Rank: 48

ABEQ

ABEQ Risk / Return Rank: 30
ABEQ Sharpe Ratio Rank: 35
ABEQ Sortino Ratio Rank: 34
ABEQ Omega Ratio Rank: 31
ABEQ Calmar Ratio Rank: 28
ABEQ Martin Ratio Rank: 24

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.

DVAL vs. ABEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF (DVAL) and Absolute Select Value ETF (ABEQ). 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.

	DVAL	ABEQ	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.17	+0.18
Sortino ratio: Return per unit of downside risk	2.01	1.69	+0.33
Omega ratio: Gain probability vs. loss probability	1.23	1.20	+0.03
Calmar ratio: Return relative to maximum drawdown	2.33	1.32	+1.01
Martin ratio: Return relative to average drawdown	7.47	2.94	+4.53

DVAL vs. ABEQ - Sharpe Ratio Comparison

The current DVAL Sharpe Ratio is 1.35, which is comparable to the ABEQ Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of DVAL and ABEQ, 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

DVAL vs. ABEQ - Drawdown Comparison

The maximum DVAL drawdown since its inception was -18.11%, smaller than the maximum ABEQ drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for DVAL and ABEQ.

Drawdown Indicators

	DVAL	ABEQ	Difference
Max Drawdown Largest peak-to-trough decline	-18.11%	-27.82%	+9.71%
Max Drawdown (1Y) Largest decline over 1 year	-6.20%	-7.89%	+1.69%
Max Drawdown (3Y) Largest decline over 3 years	-18.11%	-7.95%	-10.16%
Max Drawdown (5Y) Largest decline over 5 years	—	-17.26%	—
Current Drawdown Current decline from peak	-0.82%	-6.31%	+5.49%
Average Drawdown Average peak-to-trough decline	-3.60%	-4.10%	+0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	3.55%	-1.62%

Volatility

DVAL vs. ABEQ - Volatility Comparison

BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF (DVAL) has a higher volatility of 3.29% compared to Absolute Select Value ETF (ABEQ) at 2.11%. This indicates that DVAL's price experiences larger fluctuations and is considered to be riskier than ABEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVAL	ABEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	2.11%	+1.18%
Volatility (6M) Calculated over the trailing 6-month period	7.94%	6.48%	+1.46%
Volatility (1Y) Calculated over the trailing 1-year period	10.77%	8.95%	+1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.22%	10.78%	+3.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.22%	13.80%	+0.42%

DVAL vs. ABEQ - Expense Ratio Comparison

DVAL has a 0.49% expense ratio, which is lower than ABEQ's 0.85% expense ratio.

Dividends

DVAL vs. ABEQ - Dividend Comparison

DVAL's dividend yield for the trailing twelve months is around 1.84%, more than ABEQ's 1.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ABEQ Absolute Select Value ETF	1.19%	1.25%	1.48%	2.60%	1.20%	0.60%	0.60%
DVAL BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF	1.84%	2.00%	2.82%	1.16%	13.13%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DVAL and ABEQ in my portfolio?

DVAL and ABEQ have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVAL or ABEQ?

DVAL has higher volatility (3.29%) compared to ABEQ (2.11%). In terms of maximum drawdown, DVAL dropped -18.11% vs ABEQ's -27.82%.

Which ETF is better, DVAL or ABEQ?

On 3-year performance, DVAL leads with 13.18% vs 12.13% for ABEQ. On fees, DVAL is cheaper at 0.49% per year. On volatility, ABEQ has been the lower-risk option at 2.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVAL or ABEQ?

Over the 3-year period, DVAL has performed better with a 13.18% return vs 12.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVAL or ABEQ?

DVAL is cheaper with a 0.49% expense ratio, compared with 0.85% for ABEQ.

Which ETF pays a higher dividend yield, DVAL or ABEQ?

DVAL has the higher dividend yield at 1.84%, compared with 1.19% for ABEQ.

What is the main difference between DVAL and ABEQ?

They also come from different issuers: BrandywineGLOBAL and Absolute Investment Advisers LLC. Their fees differ too: 0.49% for DVAL and 0.85% for ABEQ.

Which has better risk-adjusted returns?

DVAL currently has the higher Sharpe Ratio (1.35 vs 1.17), 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.