BLCV vs DFLV
iShares Large Cap Value Active ETF vs Dimensional US Large Cap Value ETF
Which is better, BLCV or DFLV?
Each has led over a different period.
DFLV has a lower expense ratio. BLCV led over the full window, DFLV over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.93. DFLV is less concentrated, with 24.9% of the fund in its ten largest positions against 41.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BLCV | DFLV |
|---|---|---|
| Expense Ratio | 0.45% | 0.21%Best |
| AUM | $361M | $7.7B |
| Dividend Yield | 1.24% | 1.35% |
| Holdings | 56 | 336 |
| YTD Return | +18.02% | +22.96%Best |
| 1Y Return | +22.64% | +28.72%Best |
| 3Y Return (annualized) | +20.20% | +21.05%Best |
| Volatility (annualized) | 12.2%Best | 12.8% |
| Max Drawdown | -13.4%Best | -16.8% |
| $10,000 over 3.5 years | $18,660Best | $18,508 |
| Top 10 Weight | 41.6% | 24.9%Best |
| Fund Family | BlackRock, Inc. (US) | Dimensional |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | May 19, 2023 | Dec 6, 2022 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 3.5 years row, are measured over the window both funds cover: May 23, 2023 to Nov 13, 2026 (3.5 years).
BLCV vs DFLV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.5 years both funds cover.
BLCV vs DFLV Performance
iShares Large Cap Value Active ETF (BLCV) is an ETF from BlackRock, Inc. (US) and Dimensional US Large Cap Value ETF (DFLV) is an ETF from Dimensional. Over the past year BLCV returned +22.64% while DFLV returned +28.72%. Year to date, BLCV is up 18.02% versus a gain of 22.96% for DFLV.
Over three years, BLCV compounded at +20.20% per year against +21.05% for DFLV. Across the full 4-year window we track, BLCV has the edge at +19.51% annualized vs +19.23%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFLV has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 12.2% for BLCV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.4% for BLCV and -16.8% for DFLV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BLCV charges 0.45% per year while DFLV charges 0.21%. On a $10,000 position that is $45 vs $21 annually, a gap of $24 per year that compounds over a long holding period. On income, BLCV currently yields 1.24% against 1.35% for DFLV.
Holdings Overlap
61.0% of BLCV's money is in holdings DFLV also owns. 23.3% of DFLV's money is in holdings BLCV also owns.
The two portfolios partly overlap.
33 positions in common, counted across the 55 positions we hold weights for in BLCV and 334 in DFLV, against full books of 56 and 336.
What only one of them owns
Our book lists 244 positions for DFLV that do not appear in our book for BLCV (75.0% of the fund), and 21 for BLCV that do not appear in DFLV (36.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in BLCV | Weight in DFLV | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 7.52% | 4.71% | 2.81% |
| CVXChevron Corp. | 4.00% | 2.10% | 1.90% |
| UNHUnitedhealth Group Inc. | 2.46% | 1.56% | 0.90% |
| WFCWells Fargo & Co. | 2.90% | 1.06% | 1.84% |
| METAMeta Platform Inc | 1.57% | 2.02% | 0.45% |
| MRKMerck & Co. Inc. | 2.56% | 0.78% | 1.78% |
| JNJJohnson & Johnson - Common | 2.25% | 1.06% | 1.19% |
| FDXFedex Corp. | 2.26% | 0.78% | 1.48% |
| TMOThermo Fisherscientific Inc. | 1.99% | 1.03% | 0.96% |
| KDPKeurig Dr Pepper Inc. | 2.59% | 0.17% | 2.42% |
61.0% of BLCV is already inside DFLV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, BLCV or DFLV?
BLCV has an expense ratio of 0.45% while DFLV charges 0.21%. DFLV is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, BLCV or DFLV?
Over the past year BLCV returned +22.64% vs +28.72% for DFLV, so DFLV leads on 1-year performance. Over the longest common window we track (4 years), BLCV annualized +19.51% vs +19.23% for DFLV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BLCV or DFLV?
DFLV has been the more volatile fund at 12.8% annualized versus 12.2% for BLCV. Worst drawdown: BLCV -13.4% vs DFLV -16.8%.
Should I hold both BLCV and DFLV?
BLCV and DFLV have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between BLCV and DFLV?
61.0% of BLCV's money is in holdings DFLV also owns. 23.3% of DFLV's is in holdings BLCV also owns. They hold 33 positions in common, counted across the 55 positions we hold weights for in BLCV and 334 in DFLV.
Which pays a higher dividend, BLCV or DFLV?
BLCV yields 1.24% while DFLV yields 1.35%, so DFLV currently pays the higher dividend yield.
Is DFLV better than BLCV?
DFLV has a lower expense ratio. BLCV led over the full window, DFLV over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.93. DFLV is less concentrated, with 24.9% of the fund in its ten largest positions against 41.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.