DVAL vs. DLN
DVAL (BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF) and DLN (WisdomTree U.S. LargeCap Dividend Fund) are both Large Cap Value Equities funds. DVAL is actively managed, while DLN is passively managed. Over the past 3 years, DVAL returned 12.37%/yr vs 17.15%/yr for DLN. Their correlation of 0.88 means they have usually moved in the same direction. DVAL charges 0.49%/yr vs 0.28%/yr for DLN.
Performance
DVAL vs. DLN - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with DVAL having a 13.26% return and DLN slightly lower at 13.03%.
DVAL
- 1D
- 0.33%
- 1M
- 2.88%
- 6M
- 8.79%
- YTD
- 13.26%
- 1Y
- 18.55%
- 3Y*
- 12.37%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.11%
DLN
- 1D
- 0.27%
- 1M
- 1.58%
- 6M
- 9.25%
- YTD
- 13.03%
- 1Y
- 21.73%
- 3Y*
- 17.15%
- 5Y*
- 12.42%
- 10Y*
- 12.60%
- ALL TIME*
- 9.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.42M | $12.19M | $12.33M | |
| $286.13K | $154.34K | $233.85K |
DVAL vs. DLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DVAL BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF | 13.26% | 8.74% | 12.84% | 8.73% | 1.56% |
DLN WisdomTree U.S. LargeCap Dividend Fund | 13.03% | 15.53% | 19.66% | 9.95% | 1.44% |
Correlation
The correlation between DVAL and DLN is 0.84, 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. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2022 | 0.88 |
The correlation between DVAL and DLN has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
DVAL vs. DLN - Sectors Allocation Comparison
Sectors
DVAL
DLN
Financial Services
Industrials
Technology
Consumer Cyclical
Healthcare
Communication Services
Energy
Consumer Defensive
Utilities
Basic Materials
Real Estate
-
Financial Services
DVAL
DLN
Industrials
DVAL
DLN
Technology
DVAL
DLN
Consumer Cyclical
DVAL
DLN
Healthcare
DVAL
DLN
Communication Services
DVAL
DLN
Energy
DVAL
DLN
Consumer Defensive
DVAL
DLN
Utilities
DVAL
DLN
Basic Materials
DVAL
DLN
Real Estate
DVAL
-
DLN
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Return for Risk
DVAL vs. DLN — Risk / Return Rank
DVAL
DLN
DVAL vs. DLN - 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 WisdomTree U.S. LargeCap Dividend Fund (DLN). 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 | DLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.42 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 3.41 | -0.62 |
| Martin ratioReturn relative to average drawdown | 9.36 | 14.33 | -4.98 |
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Drawdowns
DVAL vs. DLN - Drawdown Comparison
The maximum DVAL drawdown since its inception was -18.11%, smaller than the maximum DLN drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for DVAL and DLN.
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Drawdown Indicators
| DVAL | DLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.11% | -57.84% | +39.73% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -6.10% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -18.11% | -13.71% | -4.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.26% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.82% | — |
Current DrawdownCurrent decline from peak | -0.80% | -0.43% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -7.47% | +3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 1.45% | +0.39% |
Volatility
DVAL vs. DLN - Volatility Comparison
BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF (DVAL) has a higher volatility of 3.03% compared to WisdomTree U.S. LargeCap Dividend Fund (DLN) at 2.35%. This indicates that DVAL's price experiences larger fluctuations and is considered to be riskier than DLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DVAL | DLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 2.35% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 6.89% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.61% | 9.03% | +1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 13.24% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.11% | 16.12% | -2.01% |
DVAL vs. DLN - Expense Ratio Comparison
DVAL has a 0.49% expense ratio, which is higher than DLN's 0.28% expense ratio.
Dividends
DVAL vs. DLN - Dividend Comparison
DVAL's dividend yield for the trailing twelve months is around 1.77%, more than DLN's 1.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLN WisdomTree U.S. LargeCap Dividend Fund | 1.75% | 1.90% | 2.00% | 2.43% | 2.53% | 2.01% | 2.66% | 2.51% | 2.90% | 2.33% | 2.64% | 2.80% |
DVAL BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF | 1.77% | 2.00% | 2.82% | 1.16% | 13.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DVAL and DLN have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVAL has higher volatility (3.03%) compared to DLN (2.35%). In terms of maximum drawdown, DVAL dropped -18.11% vs DLN's -57.84%.
On 3-year performance, DLN leads with 17.15% vs 12.37% for DVAL. On fees, DLN is cheaper at 0.28% per year. On volatility, DLN has been the lower-risk option at 2.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DLN has performed better with a 17.15% return vs 12.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DLN is cheaper with a 0.28% expense ratio, compared with 0.49% for DVAL.
DVAL has the higher dividend yield at 1.77%, compared with 1.75% for DLN.
They also come from different issuers: BrandywineGLOBAL and WisdomTree. Their fees differ too: 0.49% for DVAL and 0.28% for DLN.
DLN currently has the higher Sharpe Ratio (2.31 vs 1.63), 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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