DFVX vs IWB
Dimensional US Large Cap Vector ETF vs iShares Russell 1000 ETF
Which is better, DFVX or IWB?
Each has led over a different period.
IWB has a lower expense ratio. DFVX led over 1Y, IWB over 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. DFVX is less concentrated, with 33.1% of the fund in its ten largest positions against 36.0%.
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 | DFVX | IWB |
|---|---|---|
| Expense Ratio | 0.19% | 0.15%Best |
| AUM | $551M | $49.5B |
| Dividend Yield | 1.13% | 0.92% |
| Holdings | 325 | 1,023 |
| YTD Return | +14.81%Best | +12.91% |
| 1Y Return | +18.85%Best | +16.56% |
| 3Y Return (annualized) | +20.20% | +21.96%Best |
| 5Y Return (annualized) | - | +12.34% |
| Volatility (annualized) | 11.3%Best | 11.7% |
| Max Drawdown | -16.7%Best | -19.1% |
| $10,000 over 2.9 years | $17,050 | $18,197Best |
| Top 10 Weight | 33.1%Best | 36.0% |
| Fund Family | Dimensional | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 2, 2023 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 2, 2023 to Oct 14, 2026 (2.9 years).
DFVX vs IWB 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 2.9 years both funds cover.
DFVX vs IWB Performance
Dimensional US Large Cap Vector ETF (DFVX) is an ETF from Dimensional and iShares Russell 1000 ETF (IWB) is an ETF from iShares by BlackRock (US). Over the past year DFVX returned +18.85% while IWB returned +16.56%. Year to date, DFVX is up 14.81% versus a gain of 12.91% for IWB.
Over three years, DFVX compounded at +20.20% per year against +21.96% for IWB.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWB has been the more volatile fund, with annualized monthly volatility of 11.7% compared with 11.3% 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 -16.7% for DFVX and -19.1% for IWB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DFVX charges 0.19% per year while IWB charges 0.15%. On a $10,000 position that is $19 vs $15 annually, a gap of $4 per year that compounds over a long holding period. On income, DFVX currently yields 1.13% against 0.92% for IWB.
Holdings Overlap
95.9% of DFVX's money is in holdings IWB also owns. 69.9% of IWB's money is in holdings DFVX also owns.
Most of DFVX is already inside IWB. Owning both mostly buys the same companies twice.
308 positions in common, counted across the 325 positions we hold weights for in DFVX and 1,024 in IWB, against full books of 325 and 1,023.
What only one of them owns
Our book lists 606 positions for IWB that do not appear in our book for DFVX (29.1% of the fund), and 9 for DFVX that do not appear in IWB (2.2%).
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 DFVX | Weight in IWB | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 6.35% | 5.40% | 0.95% |
| NVDANvidia Corp | 1.22% | 7.63% | 6.41% |
| AMZNAmazon.Com Inc | 5.06% | 3.41% | 1.65% |
| METAMeta Platforms Inc | 5.27% | 2.26% | 3.01% |
| AAPLApple, Inc | 0.04% | 6.77% | 6.73% |
| GOOGLAlphabet Inc | 2.94% | 2.79% | 0.15% |
| GOOGAlphabet Inc. C | 2.36% | 2.26% | 0.10% |
| MUMicron Technology Inc Mu Uw Equity Us Usd | 2.78% | 1.75% | 1.03% |
| JPMJpmorgan Chase | 2.41% | 1.26% | 1.15% |
| XOMExxonmobil Corp. | 2.25% | 0.96% | 1.29% |
95.9% of DFVX is already inside IWB.
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, DFVX or IWB?
DFVX has an expense ratio of 0.19% while IWB charges 0.15%. IWB is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, DFVX or IWB?
Over the past year DFVX returned +18.85% vs +16.56% for IWB, so DFVX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFVX or IWB?
IWB has been the more volatile fund at 11.7% annualized versus 11.3% for DFVX. Worst drawdown: DFVX -16.7% vs IWB -19.1%.
Should I hold both DFVX and IWB?
DFVX and IWB have a monthly-return correlation of 0.92, 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 DFVX and IWB?
95.9% of DFVX's money is in holdings IWB also owns. 69.9% of IWB's is in holdings DFVX also owns. They hold 308 positions in common, counted across the 325 positions we hold weights for in DFVX and 1,024 in IWB.
Which pays a higher dividend, DFVX or IWB?
DFVX yields 1.13% while IWB yields 0.92%, so DFVX currently pays the higher dividend yield.
Is IWB better than DFVX?
IWB has a lower expense ratio. DFVX led over 1Y, IWB over 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. DFVX is less concentrated, with 33.1% of the fund in its ten largest positions against 36.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.