DFLV vs VYM
Dimensional US Large Cap Value ETF vs Vanguard High Dividend Yield ETF
Which is better, DFLV or VYM?
Nearly the same fund. VYM costs less.
VYM has a lower expense ratio. DFLV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. DFLV is less concentrated, with 24.9% of the fund in its ten largest positions against 26.1%.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.21% | 0.04%Best |
| AUM | $7.1B | $81.6B |
| Dividend Yield | 1.33% | 2.22% |
| Holdings | 339 | 613 |
| YTD Return | +20.78%Best | +13.08% |
| 1Y Return | +29.37%Best | +17.46% |
| 3Y Return (annualized) | +19.66%Best | +17.73% |
| 5Y Return (annualized) | - | +12.22% |
| Volatility (annualized) | 13.1% | 11.2%Best |
| Max Drawdown | -16.8% | -14.5%Best |
| $10,000 over 3.8 years | $17,925Best | $16,458 |
| Top 10 Weight | 24.9%Best | 26.1% |
| Fund Family | Dimensional | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 6, 2022 | Nov 10, 2006 |
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 14, 2026 (3.8 years).
DFLV vs VYM 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 VYM Performance
Dimensional US Large Cap Value ETF (DFLV) is an ETF from Dimensional and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year DFLV returned +29.37% while VYM returned +17.46%. Year to date, DFLV is up 20.78% versus a gain of 13.08% for VYM.
Over three years, DFLV compounded at +19.66% per year against +17.73% for VYM. Across the full 4-year window we track, DFLV has the edge at +16.60% annualized vs +14.01%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFLV has been the more volatile fund, with annualized monthly volatility of 13.1% compared with 11.2% for VYM. 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 -14.5% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DFLV charges 0.21% per year while VYM charges 0.04%. On a $10,000 position that is $21 vs $4 annually, a gap of $17 per year that compounds over a long holding period. On income, DFLV currently yields 1.33% against 2.22% for VYM.
Holdings Overlap
67.7% of DFLV's money is in holdings VYM also owns. 57.0% of VYM's money is in holdings DFLV also owns.
The two portfolios partly overlap.
174 positions in common, counted across the 334 positions we hold weights for in DFLV and 557 in VYM, against full books of 339 and 613.
What only one of them owns
Our book lists 357 positions for VYM that do not appear in our book for DFLV (40.4% of the fund), and 118 for DFLV that do not appear in VYM (31.2%).
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 VYM | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 4.70% | 3.82% | 0.88% |
| XOMExxon Mobil Corp. | 3.58% | 2.63% | 0.95% |
| JNJJohnson & Johnson - Common | 2.36% | 2.51% | 0.15% |
| CVXChevron Corp | 1.89% | 1.48% | 0.41% |
| UNHUnitedhealth Group Incorporated | 1.46% | 1.52% | 0.06% |
| MRKMerck & Company Inc | 1.42% | 1.31% | 0.11% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.72% | 1.86% | 1.14% |
| PGProcter & Gamble Company | 1.20% | 1.37% | 0.17% |
| BACBank of America Corp.: Financials | 0.87% | 1.66% | 0.79% |
| GSGoldman Sachs Group Inc/The | 1.05% | 1.13% | 0.08% |
67.7% of DFLV is already inside VYM.
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, DFLV or VYM?
DFLV has an expense ratio of 0.21% while VYM charges 0.04%. VYM is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, DFLV or VYM?
Over the past year DFLV returned +29.37% vs +17.46% for VYM, so DFLV leads on 1-year performance. Over the longest common window we track (4 years), DFLV annualized +16.60% vs +14.01% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFLV or VYM?
DFLV has been the more volatile fund at 13.1% annualized versus 11.2% for VYM. Worst drawdown: DFLV -16.8% vs VYM -14.5%.
Should I hold both DFLV and VYM?
DFLV and VYM have a monthly-return correlation of 0.95, 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 DFLV and VYM?
67.7% of DFLV's money is in holdings VYM also owns. 57.0% of VYM's is in holdings DFLV also owns. They hold 174 positions in common, counted across the 334 positions we hold weights for in DFLV and 557 in VYM.
Which pays a higher dividend, DFLV or VYM?
DFLV yields 1.33% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than DFLV?
VYM has a lower expense ratio. DFLV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. DFLV is less concentrated, with 24.9% of the fund in its ten largest positions against 26.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.