IVE vs. DFLV
IVE (iShares S&P 500 Value ETF) and DFLV (Dimensional US Large Cap Value ETF) are both Large Cap Value Equities funds. IVE is passively managed, while DFLV is actively managed. Over the past 3 years, IVE returned 14.96%/yr vs 18.72%/yr for DFLV. Their correlation of 0.92 means they have usually moved in the same direction. IVE charges 0.18%/yr vs 0.22%/yr for DFLV.
Performance
IVE vs. DFLV - Performance Comparison
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Returns By Period
In the year-to-date period, IVE achieves a 11.74% return, which is significantly lower than DFLV's 21.70% return.
IVE
- 1D
- -0.21%
- 1M
- 1.84%
- 6M
- 7.21%
- YTD
- 11.74%
- 1Y
- 21.94%
- 3Y*
- 14.96%
- 5Y*
- 11.50%
- 10Y*
- 11.78%
- ALL TIME*
- 7.69%
DFLV
- 1D
- -0.13%
- 1M
- 3.77%
- 6M
- 13.78%
- YTD
- 21.70%
- 1Y
- 34.69%
- 3Y*
- 18.72%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $28.52M | $29.26M | $30.59M | |
| $172.72M | $150.35M | $232.16M |
IVE vs. DFLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IVE iShares S&P 500 Value ETF | 11.74% | 13.02% | 12.03% | 22.07% | -1.14% |
DFLV Dimensional US Large Cap Value ETF | 21.70% | 15.90% | 12.88% | 12.31% | -0.94% |
Correlation
The correlation between IVE and DFLV is 0.88, 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. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2022 | 0.92 |
The correlation between IVE and DFLV has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
IVE vs. DFLV - Sectors Allocation Comparison
Sectors
IVE
DFLV
Technology
Financial Services
Healthcare
Industrials
Consumer Cyclical
Consumer Defensive
Energy
Utilities
-
Basic Materials
Real Estate
Communication Services
Technology
IVE
DFLV
Financial Services
IVE
DFLV
Healthcare
IVE
DFLV
Industrials
IVE
DFLV
Consumer Cyclical
IVE
DFLV
Consumer Defensive
IVE
DFLV
Energy
IVE
DFLV
Utilities
IVE
DFLV
-
Basic Materials
IVE
DFLV
Real Estate
IVE
DFLV
Communication Services
IVE
DFLV
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Return for Risk
IVE vs. DFLV — Risk / Return Rank
IVE
DFLV
IVE vs. DFLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Value ETF (IVE) and Dimensional US Large Cap Value ETF (DFLV). 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.
| IVE | DFLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.57 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 6.36 | -2.80 |
| Martin ratioReturn relative to average drawdown | 13.74 | 23.54 | -9.80 |
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Drawdowns
IVE vs. DFLV - Drawdown Comparison
The maximum IVE drawdown since its inception was -61.32%, which is greater than DFLV's maximum drawdown of -16.80%. Use the drawdown chart below to compare losses from any high point for IVE and DFLV.
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Drawdown Indicators
| IVE | DFLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.32% | -16.80% | -44.52% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -5.48% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | -16.80% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -18.04% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | — | — |
Current DrawdownCurrent decline from peak | -0.21% | -0.13% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -10.04% | -2.95% | -7.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.48% | +0.12% |
Volatility
IVE vs. DFLV - Volatility Comparison
iShares S&P 500 Value ETF (IVE) has a higher volatility of 2.74% compared to Dimensional US Large Cap Value ETF (DFLV) at 2.53%. This indicates that IVE's price experiences larger fluctuations and is considered to be riskier than DFLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVE | DFLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | 2.53% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 7.19% | 8.02% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.83% | 11.16% | -1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.31% | 14.06% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.89% | 14.06% | +2.83% |
IVE vs. DFLV - Expense Ratio Comparison
IVE has a 0.18% expense ratio, which is lower than DFLV'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
IVE vs. DFLV - Dividend Comparison
IVE's dividend yield for the trailing twelve months is around 1.51%, more than DFLV's 1.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFLV Dimensional US Large Cap Value ETF | 1.34% | 1.61% | 1.65% | 1.72% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVE iShares S&P 500 Value ETF | 1.51% | 1.61% | 2.04% | 1.65% | 2.10% | 1.81% | 2.37% | 2.11% | 2.74% | 2.12% | 2.26% | 2.44% |
Frequently Asked Questions
IVE and DFLV have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVE has higher volatility (2.74%) compared to DFLV (2.53%). In terms of maximum drawdown, IVE dropped -61.32% vs DFLV's -16.80%.
On 3-year performance, DFLV leads with 18.72% vs 14.96% for IVE. On fees, IVE is cheaper at 0.18% per year. On volatility, DFLV has been the lower-risk option at 2.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DFLV has performed better with a 18.72% return vs 14.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVE is cheaper with a 0.18% expense ratio, compared with 0.22% for DFLV.
IVE has the higher dividend yield at 1.51%, compared with 1.34% for DFLV.
They also come from different issuers: iShares and Dimensional. Their fees differ too: 0.18% for IVE and 0.22% for DFLV.
DFLV currently has the higher Sharpe Ratio (3.12 vs 2.24), 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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