CVLC vs DFVX
Calvert US Large-Cap Core Responsible Index ETF vs Dimensional US Large Cap Vector ETF
Which is better, CVLC or DFVX?
Each has led over a different period.
CVLC has a lower expense ratio. CVLC led over 3Y and the full window, DFVX over 1Y. The two have moved almost in lockstep, correlation 0.91. DFVX is less concentrated, with 30.8% of the fund in its ten largest positions against 36.8%.
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 | CVLC | DFVX |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.19% |
| AUM | $1.0B | $576M |
| Dividend Yield | 0.93% | 1.12% |
| Holdings | 1,525 | 339 |
| YTD Return | +10.83% | +15.43%Best |
| 1Y Return | +13.21% | +19.05%Best |
| 3Y Return (annualized) | +19.97%Best | +18.91% |
| Volatility (annualized) | 12.4% | 11.1%Best |
| Max Drawdown | -19.9% | -16.7%Best |
| $10,000 over 3 years | $17,976Best | $17,198 |
| Top 10 Weight | 36.8% | 30.8%Best |
| Fund Family | Calvert | Dimensional |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 30, 2023 | Nov 2, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Nov 2, 2023 to Nov 13, 2026 (3 years).
CVLC vs DFVX 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 years both funds cover.
CVLC vs DFVX Performance
Calvert US Large-Cap Core Responsible Index ETF (CVLC) is an ETF from Calvert and Dimensional US Large Cap Vector ETF (DFVX) is an ETF from Dimensional. Over the past year CVLC returned +13.21% while DFVX returned +19.05%. Year to date, CVLC is up 10.83% versus a gain of 15.43% for DFVX.
Over three years, CVLC compounded at +19.97% per year against +18.91% for DFVX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVLC has been the more volatile fund, with annualized monthly volatility of 12.4% compared with 11.1% for DFVX. 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 -19.9% for CVLC and -16.7% for DFVX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CVLC charges 0.15% per year while DFVX charges 0.19%. On a $10,000 position that is $15 vs $19 annually, a gap of $4 per year that compounds over a long holding period. On income, CVLC currently yields 0.93% against 1.12% for DFVX.
Holdings Overlap
75.0% of CVLC's money is in holdings DFVX also owns. 74.6% of DFVX's money is in holdings CVLC also owns.
Most of CVLC is already inside DFVX. Owning both mostly buys the same companies twice.
261 positions in common, counted across the 756 positions we hold weights for in CVLC and 338 in DFVX, against full books of 1,525 and 339.
What only one of them owns
Our book lists 66 positions for DFVX that do not appear in our book for CVLC (22.6% of the fund), and 476 for CVLC that do not appear in DFVX (24.1%).
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 CVLC | Weight in DFVX | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.67% | 6.14% | 0.47% |
| AMZNAmazon.Com Inc | 3.57% | 4.89% | 1.32% |
| NVDANvidia Corp. | 6.98% | 1.17% | 5.81% |
| AAPLApple, Inc | 7.43% | 0.04% | 7.39% |
| GOOGLAlphabet Inc | 4.46% | 2.37% | 2.09% |
| JPMJpmorgan Chase & Co. | 1.44% | 2.44% | 1.00% |
| MUMicron Technology Inc Mu Uw Equity Us Usd | 1.59% | 2.22% | 0.63% |
| VVisa Inc | 1.19% | 1.81% | 0.62% |
| AVGOBroadcom Inc | 2.35% | 0.51% | 1.84% |
| MRKMerck & Co. Inc. | 0.69% | 1.58% | 0.89% |
75.0% of CVLC is already inside DFVX.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CVLC or DFVX?
CVLC has an expense ratio of 0.15% while DFVX charges 0.19%. CVLC is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, CVLC or DFVX?
Over the past year CVLC returned +13.21% vs +19.05% for DFVX, so DFVX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVLC or DFVX?
CVLC has been the more volatile fund at 12.4% annualized versus 11.1% for DFVX. Worst drawdown: CVLC -19.9% vs DFVX -16.7%.
Should I hold both CVLC and DFVX?
CVLC and DFVX have a monthly-return correlation of 0.91, 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 CVLC and DFVX?
75.0% of CVLC's money is in holdings DFVX also owns. 74.6% of DFVX's is in holdings CVLC also owns. They hold 261 positions in common, counted across the 756 positions we hold weights for in CVLC and 338 in DFVX.
Which pays a higher dividend, CVLC or DFVX?
CVLC yields 0.93% while DFVX yields 1.12%, so DFVX currently pays the higher dividend yield.
Is DFVX better than CVLC?
CVLC has a lower expense ratio. CVLC led over 3Y and the full window, DFVX over 1Y. The two have moved almost in lockstep, correlation 0.91. DFVX is less concentrated, with 30.8% of the fund in its ten largest positions against 36.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.