DFLV vs MGV: Holdings Overlap
DFLVDimensional US Large Cap Value ETF
Dimensional · 331 holdings · $6.8B · as of 2026-04-30
MGVVanguard Mega Cap Value Index Fund
Vanguard · 120 holdings · $13.6B · as of 2026-05-31
Holdings snapshots are 31 days apart (DFLV: 2026-04-30, MGV: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are DFLV and MGV?
Dimensional US Large Cap Value ETF (DFLV, by Dimensional) holds 331 positions; Vanguard Mega Cap Value Index Fund (MGV, by Vanguard) holds 120. They have 75 holdings in common, and by portfolio weight the two funds are 47.0% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 47.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 75DFLV holds 331 · MGV holds 120
- Weight in Shared Holdings
- DFLV 57%·MGV 65%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in DFLV
256 of 331 positions (42.8% of the fund) are not held by MGV. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFLV | MGV |
|---|---|---|
| Financials | 21.6% | 21.6% |
| Information Technology | 11.2% | 18.0% |
| Health Care | 13.8% | 15.9% |
| Energy | 15.1% | 5.9% |
| Industrials | 13.9% | 13.6% |
| Other Sectors | 24.3% | 23.4% |
| Unclassified | 0.0% | 1.1% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (0% of DFLV, 1% of MGV).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFLV | +4.1% | +22.2% | +35.7% | +18.5% | — | — | 1.34% |
| MGV | +1.6% | +19.3% | +30.6% | +18.7% | +13.1% | +13.0% | 1.83% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in DFLV vs MGV →
Shared Holdings(75)
The top 10 shared positions account for 45% of the overlap, led by JPM, XOM and MU.
 JPMJPMorgan Chase & Co. COM | 4.59% | 3.64% | 3.64% |
|---|---|---|---|
 XOMExxon Mobil Corp. COM | 4.04% | 2.91% | 2.91% |
 MUMicron Technology Inc. COM | 2.75% | 5.26% | 2.75% |
 JNJJohnson & Johnson COM | 2.40% | 2.61% | 2.40% |
 CSCOCisco Systems, Inc. COM | 1.90% | 2.06% | 1.90% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.70% | 3.15% | 1.70% |
 CVXChevron Corp. COM | 2.04% | 1.66% | 1.66% |
 UNHUnitedHealth Group Inc. COM | 1.62% | 1.66% | 1.62% |
 PGThe Procter & Gamble Co. COM | 1.39% | 1.60% | 1.39% |
 MRKMerck & Co., Inc COM | 1.19% | 1.41% | 1.19% |
 MSMorgan Stanley COM NEW | 1.17% | 1.19% | 1.17% |
 LINLinde PLC COM EUR0.001 | 1.26% | 1.11% | 1.11% |
 GSGoldman Sachs Group, Inc. (The) | 1.09% | 1.39% | 1.09% |
 WFCWells Fargo & Co. COM | 1.03% | 1.15% | 1.03% |
 RTXRTX Corp. COM | 0.93% | 1.16% | 0.93% |
 VZVerizon Communications Inc. COM | 1.20% | 0.87% | 0.87% |
 TAT&T Inc COM | 1.08% | 0.83% | 0.83% |
 ADIAnalog Devices Inc. COM | 0.80% | 0.97% | 0.80% |
 BACBank of America Corp. COM | 0.73% | 1.60% | 0.73% |
 PFEPfizer Inc. COM | 0.84% | 0.72% | 0.72% |
 COPConocoPhillips COM | 0.92% | 0.67% | 0.67% |
 DEDeere & Company COM | 0.78% | 0.67% | 0.67% |
 TMOThermo Fisher Scientific Inc COM | 0.66% | 0.88% | 0.66% |
 INTCIntel Corporation COM | 0.62% | 2.20% | 0.62% |
 BMYBristol-Myers Squibb Company COM | 0.56% | 0.56% | 0.56% |
Frequently Asked Questions
How much do DFLV and MGV overlap?
DFLV and MGV overlap by 47.0% of portfolio weight. They share 75 holdings (DFLV holds 331 positions and MGV holds 120), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFLV and MGV?
The two portfolios are 47.0% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of DFLV and MGV?
The largest positions held by both funds are JPM, XOM, MU, JNJ and CSCO. Together the top 10 shared positions account for 45% of the total overlap.
What does DFLV own that MGV doesn't?
256 positions (42.8% of DFLV) are unique to DFLV, led by AMZN, SLB and CMI. In the other direction, 45 positions (34.2% of MGV) are unique to MGV.