DHLXvsPFMETF Comparison
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Diamond Hill Large Cap Concentrated ETF (DHLX) belongs to the US Large Cap segment. Invesco Dividend Achievers ETF (PFM) is part of the US High Dividend segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. DHLX is more expensive with a Total Expense Ratio (TER) of 0.55%, versus 0.52% for PFM. DHLX is up 7.05% year-to-date (YTD) with +$3M in YTD flows. PFM performs better with 14.48% YTD performance, and -$36M in YTD flows. Run a side-by-side ETF comparison of DHLX and PFM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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DHLX vs PFM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DHLX PFM | +5.00%+5.15% | +1.95%+3.44% | +7.05%+14.48% | +10.90%+16.93% | n/a+64.94% | n/a+64.88% |
| Flows | DHLX PFM | -$1M-$5M | -$5M-$4M | +$3M-$36M | +$30M-$23M | --$94M | --$182M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DHLX PFM | +8.96%+8.29% | +11.09%+9.42% | n/a+11.67% | n/a+13.42% |
| Max drawdown | DHLX PFM | -4.87%-5.17% | -8.48%-7.08% | n/a-14.65% | n/a-17.94% |
| Max drawdown duration | DHLX PFM | 70d76d | 152d77d | n/a128d | n/a561d |
Trading data
DHLX | PFM | |
Last sale 11/4/2026 at 2:30 PM | $14.41 | $59.47 |
| Previous close 11/03/2026 | $14.02 | $58.29 |
| Consolidated volume 11/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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DHLX
is actively managed and doesn’t replicate an indexDHLX | PFM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/4/2026 at 2:30 PM
Live
Closed
DHLX | PFM | |
|---|---|---|
| Last price | $14.41 | $59.47 |
| 1D performance | +2.78% | +2.03% |
| AuM | $69.26 M | $813.54 M |
| E/R | 0.55% | 0.52% |
Characteristics
DHLX | PFM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Diamond Hill Capital Management | Invesco |
| Benchmark | - | NASDAQ US Broad Dividend Achievers Index |
| N° of holdings | 22 | 428 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 26, 2025 | September 15, 2005 |
| ESG | No | No |
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Exposure
Countries
DHLX
USA
91.28%
Other
8.72%
PFM
USA
96.36%
Other
3.64%
Sectors
DHLX
Technology
26.71%
Finance
19.34%
Healthcare
16.47%
Industrials
8.09%
Other
29.4%
PFM
Technology
24.03%
Finance
20.08%
Healthcare
17.45%
Consumer Non-Cycl.
11.23%
Industrials
9.32%
Other
17.89%
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Diversification
DHLX
Total weight of top 15 holdings out of 15
79.7%
PFM
Total weight of top 15 holdings out of 15
39.54%
Top 15 holdings
Data as of September 30, 2026
DHLX
Microsoft Corp.
8.44%
ConocoPhillips
6.95%
Berkshire Hathaway, Inc.
6.77%
Amazon.com, Inc.
6.43%
Thermo Fisher Scientific, Inc.
5.89%
Meta Platforms, Inc.
5.81%
Taiwan Semiconductor Manufacturing Co., Ltd.
4.80%
Labcorp Holdings, Inc.
4.73%
Alphabet, Inc.
4.53%
JPMorgan Chase & Co.
4.51%
Union Pacific Corp.
4.47%
Waste Management, Inc.
4.29%
Visa, Inc.
4.14%
Sysco Corp.
4.03%
Aon Plc
3.92%
PFM
Apple, Inc.
4.39%
Microsoft Corp.
4.12%
Eli Lilly & Co.
4.08%
Broadcom Inc.
3.88%
JPMorgan Chase & Co.
3.28%
Walmart, Inc.
3.16%
ExxonMobil Holdings Corp.
2.45%
Johnson & Johnson
2.40%
Visa, Inc.
2.29%
Mastercard, Inc.
1.81%
AbbVie, Inc.
1.72%
Cisco Systems, Inc.
1.54%
Costco Wholesale Corp.
1.50%
Chevron Corp.
1.49%
Lam Research Corp.
1.44%
Frequently asked questions about DHLX and PFM
How have the DHLX and PFM ETFs performed in 2026?
As of November 2, 2026, DHLX is up 7.05% year-to-date (YTD), while PFM has returned 14.48%. That puts PFM better performer ahead so far this year.
Which ETF is attracting more investor money: DHLX or PFM?
Year-to-date, the DHLX ETF saw +$3M in flows, compared to -$36M for PFM.
Which ETF is more volatile: DHLX or PFM?
Over the past year, DHLX had a volatility of 11.09%, while PFM experienced 9.42%.
Which ETF is bigger: DHLX or PFM?
As of November 2, 2026, DHLX holds $69.26 M in assets under management (AUM), while PFM manages $813.54 M.
What sectors do the DHLX and PFM ETFs invest in?
DHLX leans toward sectors like Technology, Finance and Healthcare. Meanwhile, PFM focuses on Technology, Finance and Healthcare.
What are the top holdings of the DHLX ETF and PFM ETF?
DHLX top holdings include Microsoft Corp., ConocoPhillips and Berkshire Hathaway, Inc.. PFM holds in its top three: Apple, Inc., Microsoft Corp. and Eli Lilly & Co..
Which ETF is more diversified: DHLX or PFM?
DHLX holds 22 securities with 79.7% of its assets in the top 15. PFM has 428 securities and a top 15 weight of 39.54%.
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Latest news about DHLX & PFM
Dividend Growth, High Yield, & Dividend Quality ETFs: What's the Difference?
October 20, 2023
PFM
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