DHLXvsUSMVETF Comparison
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Diamond Hill Large Cap Concentrated ETF (DHLX) belongs to the US Large Cap segment. iShares MSCI USA Min Vol Factor ETF (USMV) is part of the US Low Volatility 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 0.15% for USMV. DHLX is up 7.05% year-to-date (YTD) with +$3M in YTD flows. USMV performs better with 10.24% YTD performance, and -$765M in YTD flows. Run a side-by-side ETF comparison of DHLX and USMV 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 USMV 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 USMV | +5.00%+3.87% | +1.95%+4.98% | +7.05%+10.24% | +10.90%+12.41% | n/a+46.30% | n/a+42.80% |
| Flows | DHLX USMV | -$1M-$373M | -$5M-$714M | +$3M-$765M | +$30M-$765M | --$11.26B | --$11.95B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DHLX USMV | +8.96%+8.16% | +11.09%+8.35% | n/a+10.01% | n/a+12.17% |
| Max drawdown | DHLX USMV | -4.87%-4.20% | -8.48%-6.41% | n/a-9.29% | n/a-17.91% |
| Max drawdown duration | DHLX USMV | 70d53d | 152d122d | n/a75d | n/a713d |
Trading data
DHLX | USMV | |
Last sale 11/4/2026 at 2:30 PM | $14.41 | $104.50 |
| Previous close 11/03/2026 | $14.02 | $102.72 |
| 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 | USMV | |
|---|---|---|
| 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 | USMV | |
|---|---|---|
| Last price | $14.41 | $104.50 |
| 1D performance | +2.78% | +1.73% |
| AuM | $69.26 M | $24.06 B |
| E/R | 0.55% | 0.15% |
Characteristics
DHLX | USMV | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Diamond Hill Capital Management | iShares |
| Benchmark | - | MSCI USA Minimum Volatility Index |
| N° of holdings | 22 | 174 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 26, 2025 | October 18, 2011 |
| ESG | No | No |
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Exposure
Countries
DHLX
USA
91.28%
Other
8.72%
USMV
USA
93.52%
Other
6.48%
Sectors
DHLX
Technology
26.71%
Finance
19.34%
Healthcare
16.47%
Industrials
8.09%
Other
29.4%
USMV
Technology
31.42%
Finance
14.51%
Healthcare
14.25%
Consumer Non-Cycl.
10.67%
Other
29.15%
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Diversification
DHLX
Total weight of top 15 holdings out of 15
79.7%
USMV
Total weight of top 15 holdings out of 15
22.15%
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%
USMV
Amphenol Corp.
1.68%
Microsoft Corp.
1.65%
NVIDIA Corp.
1.63%
Welltower, Inc.
1.52%
Johnson & Johnson
1.51%
Merck & Co., Inc.
1.48%
ExxonMobil Holdings Corp.
1.48%
Berkshire Hathaway, Inc.
1.45%
Chubb Ltd.
1.45%
Motorola Solutions, Inc.
1.44%
Vertex Pharmaceuticals, Inc.
1.43%
Verizon Communications, Inc.
1.39%
Cisco Systems, Inc.
1.38%
McKesson Corp.
1.34%
Duke Energy Corp.
1.33%
Frequently asked questions about DHLX and USMV
How have the DHLX and USMV ETFs performed in 2026?
As of November 2, 2026, DHLX is up 7.05% year-to-date (YTD), while USMV has returned 10.24%. That puts USMV better performer ahead so far this year.
Which ETF is attracting more investor money: DHLX or USMV?
Year-to-date, the DHLX ETF saw +$3M in flows, compared to -$765M for USMV.
Which ETF is more volatile: DHLX or USMV?
Over the past year, DHLX had a volatility of 11.09%, while USMV experienced 8.35%.
Which ETF is bigger: DHLX or USMV?
As of November 2, 2026, DHLX holds $69.26 M in assets under management (AUM), while USMV manages $24.06 B.
What sectors do the DHLX and USMV ETFs invest in?
DHLX leans toward sectors like Technology, Finance and Healthcare. Meanwhile, USMV focuses on Technology, Finance and Healthcare.
What are the top holdings of the DHLX ETF and USMV ETF?
DHLX top holdings include Microsoft Corp., ConocoPhillips and Berkshire Hathaway, Inc.. USMV holds in its top three: Amphenol Corp., Microsoft Corp. and NVIDIA Corp..
Which ETF is more diversified: DHLX or USMV?
DHLX holds 22 securities with 79.7% of its assets in the top 15. USMV has 174 securities and a top 15 weight of 22.15%.
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