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DFLV vs FDL: Differences, Returns & Fees

DFLV and FDL hold 10% of their weight in the same names, and DFLV returned +26.4% over the year. Net assets: $6.8bn on Jul 31, 2026 for Dimensional US Large Cap Value ETF, and $7.7bn on Oct 9, 2026 for First Trust Morningstar ETF.

DFLV costs 0.22 points a year less; their one-year returns differ by 5.8 points.

DFLV vs FDL: Differences, Returns & Fees
DFLVFDL
Expense ratio0.21%0.43%
Net assets, DFLV as of Jul 31, 2026 and FDL as of Oct 9, 2026$6.8bn$7.7bn
Total return, 1 year+26.4%+20.6%
What it tracksNo index, actively managedMorningstar Dividend Leaders Index
Holdings in common10%
Top ten holdings, share of the fund24.8%50.4%
Below its high5.9%, high on Aug 24, 2026

Holdings in common uses holdings dated Jul 31, 2026 and Oct 9, 2026.

+26.4%
DFLV total return, 1 year
+20.6%
FDL total return, 1 year
0.21%
DFLV expense ratio
0.43%
FDL expense ratio

What they hold in common

By the books each fund has filed, DFLV and FDL hold 10% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jul 31, 2026 and Oct 9, 2026.

half

10% in common

Positions both hold, largest shared weight first
Holding DFLV FDL
CHEVRON CORPORATION 1.87% 9.08%
VERIZON COMMUNICATIONS INC. 1.14% 6.56%
PFIZER INC. 0.76% 6.55%
TARGET CORPORATION 0.66% 1.32%
BRISTOL-MYERS SQUIBB COMPANY 0.61% 3.06%
Mondelez International, Inc. 0.55% 1.69%
U.S. BANCORP 0.46% 1.96%
COMCAST CORPORATION 0.44% 2.45%
MEDTRONIC PUBLIC LIMITED COMPANY 0.44% 2.33%
NIKE, INC. 0.39% 1.17%
KINDER MORGAN, INC. 0.38% 1.63%
UNITED PARCEL SERVICE, INC. 0.28% 3.04%
Only in DFLV
JPMORGAN CHASE & CO. 4.79%
AMAZON.COM, INC. 4.00%
EXXONMOBIL HOLDINGS CORPORATION 3.57%
JOHNSON & JOHNSON 2.38%
MICRON TECHNOLOGY, INC. 2.30%
BERKSHIRE HATHAWAY INC. 1.81%
UNITEDHEALTH GROUP INCORPORATED 1.54%
MERCK & CO., INC. 1.31%
Only in FDL
Philip Morris International Inc. 6.77%
PepsiCo, Inc. 4.97%
Altria Group, Inc. 4.95%
The Southern Company 2.30%
Duke Energy Corporation 2.20%
Blackstone Inc. 2.18%
ONEOK, Inc. 1.70%
Dominion Energy, Inc. 1.41%

Check overlap with more funds →

On the same fields

DFLV
Dimensional US Large Cap Value ETF
FDL
First Trust Morningstar ETF
Where it sits Stock ETF Stock ETF
Issuer Dimensional First Trust
What it is Actively managed Tracks an index
Total return, 1 year +26.4% +20.6%
Its benchmark over the same days +26.4% (IWD) not published
Gap to its benchmark 0.0 pts vs IWD not available
Expense ratio 0.21% 0.43%
Already in the S&P 500 93.8% 93.3%
Holdings 334 100
Net assets, DFLV as of Jul 31, 2026 and FDL as of Oct 9, 2026 $6.8bn $7.7bn

DFLV and FDL on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About DFLV

DFLV is actively managed and tracks no index. The prospectus expense ratio is 0.21% a year. By its holdings filed for Jul 31, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 334 positions, with the top ten at 24.8%.

Over the year to Oct 9, 2026 it returned +26.4% with distributions reinvested, against +26.4% for its benchmark, the Russell 1000 Value Index.

About FDL

FDL tracks an index. Over the year to Oct 9, 2026 it returned +20.6% with distributions reinvested. The prospectus expense ratio is 0.43% a year. By its holdings published by its issuer for Oct 9, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 100 positions, with the top ten at 50.4%. It sat 5.9% below its high of Aug 24, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, DFLV or FDL?
In the year to Oct 9, 2026, with distributions reinvested, DFLV returned +26.4% and FDL +20.6%.
Which is cheaper, DFLV or FDL?
DFLV is cheaper, by 0.22 percentage points a year. That is about $22 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do DFLV and FDL overlap with the S&P 500?
By their latest filed holdings, 94% of DFLV and 93% of FDL by weight is stocks the S&P 500 already holds.
Other comparisons
DFLV vs FTCSDFLV vs JAVADFLV vs SPYDDFLV vs SPLVFDL vs VOOVFDL vs SPLVFDL vs JAVADLN vs FDL
DFLV on its own →FDL on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
DFLV filings on SEC EDGAR ↗DFLV prospectus with the expense ratio (SEC) ↗Dimensional website ↗FDL filings on SEC EDGAR ↗FDL prospectus with the expense ratio (SEC) ↗First Trust page for FDL ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, DFLV against FDL, data as of Oct 9, 2026. https://etfiq.com/compare/any/dflv-vs-fdl

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.