DVAL vs VOO
BrandywineGLOBAL-Dynamic US Large Cap Value ETF vs Vanguard S&P 500 ETF
Which is better, DVAL or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. DVAL is less concentrated, with 34.4% of the fund in its ten largest positions against 36.4%.
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 | DVAL | VOO |
|---|---|---|
| Expense Ratio | 0.49% | 0.03%Best |
| AUM | $71M | $997.4B |
| Dividend Yield | 1.77% | 1.08% |
| Holdings | 115 | 509 |
| YTD Return | +15.19%Best | +13.37% |
| 1Y Return | +16.91% | +20.08%Best |
| 3Y Return (annualized) | +15.30% | +21.29%Best |
| 5Y Return (annualized) | - | +12.89% |
| Volatility (annualized) | 12.6%Best | 12.9% |
| Max Drawdown | -15.9%Best | -18.7% |
| $10,000 over 3.8 years | $16,056 | $20,836Best |
| Top 10 Weight | 34.4%Best | 36.4% |
| Fund Family | Franklin Templeton Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Dec 27, 2006 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Oct 31, 2022 to Sep 4, 2026 (3.8 years).
DVAL vs VOO 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.
DVAL vs VOO Performance
BrandywineGLOBAL-Dynamic US Large Cap Value ETF (DVAL) is an ETF from Franklin Templeton Investments (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year DVAL returned +16.91% while VOO returned +20.08%. Year to date, DVAL is up 15.19% versus a gain of 13.37% for VOO.
Over three years, DVAL compounded at +15.30% per year against +21.29% for VOO. Across the full 4-year window we track, VOO has the edge at +21.31% annualized vs +13.27%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 12.9% compared with 12.6% for DVAL. 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 -15.9% for DVAL and -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DVAL charges 0.49% per year while VOO charges 0.03%. On a $10,000 position that is $49 vs $3 annually, a gap of $46 per year that compounds over a long holding period. On income, DVAL currently yields 1.77% against 1.08% for VOO.
Holdings Overlap
85.3% of DVAL's money is in holdings VOO also owns. 25.0% of VOO's money is in holdings DVAL also owns.
Most of DVAL is already inside VOO. Owning both mostly buys the same companies twice.
63 positions in common, counted across the 103 positions we hold weights for in DVAL and 505 in VOO, against full books of 115 and 509.
What only one of them owns
Our book lists 435 positions for VOO that do not appear in our book for DVAL (74.5% of the fund), and 39 for DVAL that do not appear in VOO (13.1%).
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 DVAL | Weight in VOO | Difference |
|---|---|---|---|
| AAPLApple, Inc | 1.94% | 6.59% | 4.65% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 1.80% | 4.30% | 2.50% |
| AMZNAmazon.Com Inc | 2.37% | 3.62% | 1.25% |
| JPMJpmorgan Chase | 4.03% | 1.26% | 2.77% |
| GEGeneral Electric Co. | 4.53% | 0.60% | 3.93% |
| CSCOCisco Systems Inc. - Ordinary Shares | 4.40% | 0.72% | 3.68% |
| BACBank of America Corp.: Financials | 4.26% | 0.58% | 3.68% |
| WFCWells Fargo & Co. | 3.87% | 0.39% | 3.48% |
| LMTLockheed Martin Corp | 3.00% | 0.16% | 2.84% |
| UPSUnited Parcel Service, Inc | 2.90% | 0.12% | 2.78% |
85.3% of DVAL is already inside VOO.
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, DVAL or VOO?
DVAL has an expense ratio of 0.49% while VOO charges 0.03%. VOO is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, DVAL or VOO?
Over the past year DVAL returned +16.91% vs +20.08% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), DVAL annualized +13.27% vs +21.31% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DVAL or VOO?
VOO has been the more volatile fund at 12.9% annualized versus 12.6% for DVAL. Worst drawdown: DVAL -15.9% vs VOO -18.7%.
Should I hold both DVAL and VOO?
DVAL and VOO have a monthly-return correlation of 0.72, 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 DVAL and VOO?
85.3% of DVAL's money is in holdings VOO also owns. 25.0% of VOO's is in holdings DVAL also owns. They hold 63 positions in common, counted across the 103 positions we hold weights for in DVAL and 505 in VOO.
Which pays a higher dividend, DVAL or VOO?
DVAL yields 1.77% while VOO yields 1.08%, so DVAL currently pays the higher dividend yield.
Is VOO better than DVAL?
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. DVAL is less concentrated, with 34.4% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.