DVAL vs. USFI

Last updated Jul 14, 2026

DVAL (BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF) and USFI (BrandywineGLOBAL - U.S. Fixed Income ETF) are both exchange-traded funds - DVAL is a Large Cap Value Equities fund actively managed by BrandywineGLOBAL, while USFI is a Actively Managed fund actively managed by BrandywineGLOBAL. Both are actively managed. Over the past year, DVAL returned 13.55% vs 5.25% for USFI. At a 0.17 correlation, their price movements are largely independent. DVAL charges 0.49%/yr vs 0.39%/yr for USFI.

Performance

DVAL vs. USFI - 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 BrandywineGLOBAL - U.S. Fixed Income ETF (USFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVAL achieves a 10.85% return, which is significantly higher than USFI's 0.95% return.

DVAL

• 1D: 0.19%
• 1M: 1.35%
• 6M: 8.38%
• YTD: 10.85%
• 1Y: 13.55%
• 3Y*: 12.54%
• 5Y*: —
• 10Y*: —

USFI

• 1D: -0.10%
• 1M: -0.23%
• 6M: 0.86%
• YTD: 0.95%
• 1Y: 5.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVAL vs. USFI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DVAL BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF	10.85%	8.74%	12.84%	2.04%
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	0.95%	6.96%	1.11%	2.95%

Correlation

The correlation between DVAL and USFI is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (All Time) Calculated using the full available price history since Jul 27, 2023	0.17

Return for Risk

DVAL vs. USFI — Risk / Return Rank

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

DVAL

DVAL Risk / Return Rank: 49
DVAL Sharpe Ratio Rank: 46
DVAL Sortino Ratio Rank: 47
DVAL Omega Ratio Rank: 42
DVAL Calmar Ratio Rank: 55
DVAL Martin Ratio Rank: 52

USFI

USFI Risk / Return Rank: 74
USFI Sharpe Ratio Rank: 61
USFI Sortino Ratio Rank: 73
USFI Omega Ratio Rank: 64
USFI Calmar Ratio Rank: 93
USFI Martin Ratio Rank: 79

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. USFI - 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 BrandywineGLOBAL - U.S. Fixed Income ETF (USFI). 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	USFI	Difference
Sharpe ratio: Return per unit of total volatility	1.28	1.61	-0.33
Sortino ratio: Return per unit of downside risk	1.92	2.61	-0.69
Omega ratio: Gain probability vs. loss probability	1.22	1.31	-0.08
Calmar ratio: Return relative to maximum drawdown	2.19	4.92	-2.73
Martin ratio: Return relative to average drawdown	7.07	11.99	-4.93

DVAL vs. USFI - Sharpe Ratio Comparison

The current DVAL Sharpe Ratio is 1.28, which is comparable to the USFI Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of DVAL and USFI, 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. USFI - Drawdown Comparison

The maximum DVAL drawdown since its inception was -18.11%, which is greater than USFI's maximum drawdown of -8.47%. Use the drawdown chart below to compare losses from any high point for DVAL and USFI.

Drawdown Indicators

	DVAL	USFI	Difference
Max Drawdown Largest peak-to-trough decline	-18.11%	-8.47%	-9.64%
Max Drawdown (1Y) Largest decline over 1 year	-6.20%	-1.07%	-5.13%
Max Drawdown (3Y) Largest decline over 3 years	-18.11%	—	—
Current Drawdown Current decline from peak	0.00%	-0.62%	+0.62%
Average Drawdown Average peak-to-trough decline	-3.55%	-2.09%	-1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	0.44%	+1.48%

Volatility

DVAL vs. USFI - Volatility Comparison

BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF (DVAL) has a higher volatility of 3.07% compared to BrandywineGLOBAL - U.S. Fixed Income ETF (USFI) at 0.91%. This indicates that DVAL's price experiences larger fluctuations and is considered to be riskier than USFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVAL	USFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	0.91%	+2.16%
Volatility (6M) Calculated over the trailing 6-month period	7.77%	1.60%	+6.17%
Volatility (1Y) Calculated over the trailing 1-year period	10.62%	3.28%	+7.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.15%	6.90%	+7.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.15%	6.90%	+7.25%

DVAL vs. USFI - Expense Ratio Comparison

DVAL has a 0.49% expense ratio, which is higher than USFI's 0.39% expense ratio.

Dividends

DVAL vs. USFI - Dividend Comparison

DVAL's dividend yield for the trailing twelve months is around 1.80%, less than USFI's 4.44% yield.

Position	TTM	2025	2024	2023	2022
DVAL BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF	1.80%	2.00%	2.82%	1.16%	13.13%
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	4.44%	4.42%	4.60%	1.83%	0.00%

Frequently Asked Questions

Can I hold both DVAL and USFI in my portfolio?

DVAL and USFI have a correlation of 0.24, 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 USFI?

DVAL has higher volatility (3.07%) compared to USFI (0.91%). In terms of maximum drawdown, DVAL dropped -18.11% vs USFI's -8.47%.

Which ETF is better, DVAL or USFI?

On 1-year performance, DVAL leads with 13.55% vs 5.25% for USFI. On fees, USFI is cheaper at 0.39% per year. On volatility, USFI has been the lower-risk option at 0.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVAL or USFI?

Over the 1-year period, DVAL has performed better with a 13.55% return vs 5.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVAL or USFI?

USFI is cheaper with a 0.39% expense ratio, compared with 0.49% for DVAL.

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

USFI has the higher dividend yield at 4.44%, compared with 1.80% for DVAL.

What is the main difference between DVAL and USFI?

DVAL is categorized as Large Cap Value Equities, while USFI is Actively Managed. Their fees differ too: 0.49% for DVAL and 0.39% for USFI.

Which has better risk-adjusted returns?

USFI currently has the higher Sharpe Ratio (1.61 vs 1.28), 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.