DFLV vs QQQ
Dimensional US Large Cap Value ETF vs Invesco QQQ Trust, Series 1
Which is better, DFLV or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. DFLV led over 1Y, QQQ over 3Y and the full window. DFLV is less concentrated, with 24.9% of the fund in its ten largest positions against 46.5%.
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 | DFLV | QQQ |
|---|---|---|
| Expense Ratio | 0.21% | 0.18%Best |
| AUM | $7.1B | $483.5B |
| Dividend Yield | 1.33% | 0.44% |
| Holdings | 339 | 107 |
| YTD Return | +19.41%Best | +15.21% |
| 1Y Return | +27.87%Best | +19.78% |
| 3Y Return (annualized) | +19.17% | +24.58%Best |
| 5Y Return (annualized) | - | +13.93% |
| Volatility (annualized) | 13.2%Best | 17.6% |
| Max Drawdown | -16.8%Best | -22.8% |
| $10,000 over 3.8 years | $17,704 | $25,855Best |
| Top 10 Weight | 24.9%Best | 46.5% |
| Fund Family | Dimensional | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Dec 6, 2022 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Dec 7, 2022 to Sep 16, 2026 (3.8 years).
DFLV vs QQQ 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 3.8 years both funds cover.
DFLV vs QQQ Performance
Dimensional US Large Cap Value ETF (DFLV) is an ETF from Dimensional and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year DFLV returned +27.87% while QQQ returned +19.78%. Year to date, DFLV is up 19.41% versus a gain of 15.21% for QQQ.
Over three years, DFLV compounded at +19.17% per year against +24.58% for QQQ. Across the full 4-year window we track, QQQ has the edge at +28.40% annualized vs +16.22%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 13.2% for DFLV. 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 -16.8% for DFLV and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.45. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DFLV charges 0.21% per year while QQQ charges 0.18%. On a $10,000 position that is $21 vs $18 annually, a gap of $3 per year that compounds over a long holding period. On income, DFLV currently yields 1.33% against 0.44% for QQQ.
Holdings Overlap
17.7% of DFLV's money is in holdings QQQ also owns. 27.0% of QQQ's money is in holdings DFLV also owns.
QQQ and DFLV share little of their money.
32 positions in common, counted across the 334 positions we hold weights for in DFLV and 102 in QQQ, against full books of 339 and 107.
What only one of them owns
Our book lists 64 positions for QQQ that do not appear in our book for DFLV (70.5% of the fund), and 245 for DFLV that do not appear in QQQ (80.4%).
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 DFLV | Weight in QQQ | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 4.19% | 4.67% | 0.48% |
| MUMicron Technology, Inc. | 1.80% | 4.43% | 2.63% |
| METAMeta Platforms Inc | 1.71% | 2.78% | 1.07% |
| INTCIntel Corporation | 0.88% | 2.23% | 1.35% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.72% | 2.10% | 1.38% |
| LINLinde Plc Ordinary Shares | 1.10% | 1.00% | 0.10% |
| ADIAnalog Devices, Inc. | 0.68% | 0.81% | 0.13% |
| TMUST-Mobile Us Inc Com Usd0.00001 | 0.44% | 0.82% | 0.38% |
| CSXCsx Corp. | 0.79% | 0.42% | 0.37% |
| BKRBaker Hughes Co | 0.68% | 0.27% | 0.41% |
27.0% of QQQ 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.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DFLV or QQQ?
DFLV has an expense ratio of 0.21% while QQQ charges 0.18%. QQQ is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, DFLV or QQQ?
Over the past year DFLV returned +27.87% vs +19.78% for QQQ, so DFLV leads on 1-year performance. Over the longest common window we track (4 years), DFLV annualized +16.22% vs +28.40% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFLV or QQQ?
QQQ has been the more volatile fund at 17.6% annualized versus 13.2% for DFLV. Worst drawdown: DFLV -16.8% vs QQQ -22.8%.
Should I hold both DFLV and QQQ?
DFLV and QQQ have a monthly-return correlation of 0.45, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DFLV and QQQ?
27.0% of QQQ's money is in holdings DFLV also owns. 27.0% of QQQ's is in holdings DFLV also owns. They hold 32 positions in common, counted across the 334 positions we hold weights for in DFLV and 102 in QQQ.
Which pays a higher dividend, DFLV or QQQ?
DFLV yields 1.33% while QQQ yields 0.44%, so DFLV currently pays the higher dividend yield.
Is QQQ better than DFLV?
QQQ has a lower expense ratio. DFLV led over 1Y, QQQ over 3Y and the full window. DFLV is less concentrated, with 24.9% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.