BrandywineGLOBAL - Dynamic US Large Cap Value… (DVAL) Performance
DVAL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.3% since Dec 31, 2025
- 1 year
- +15.6% total return
- 3 years
- +15.0% a year
- Since first price
- +11.4% a year since 2022
DVAL trailing returns vs SPY, QQQ, AGG
| Period | DVAL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.7% | −0.7% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.5% | −0.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.0% | +3.4% | +7.8% | +8.4% | −1.5% |
| YTD | +13.3% | +9.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.6% | +9.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +52.1%+15.0%/yr | +38.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionOct 31, 2022 | +53.9%+11.4%/yr | +24.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: DVAL vs SPY
From Oct 31, 2022: DVAL grew to $15,386, SPY to $20,725.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DVAL returns by calendar year
3 of 3 full years positive. Best 2024 (+12.8%), worst 2023 (+8.7%). 2026 is year to date.
DVAL annual returns table
| Year | DVAL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.3% | −6.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +8.7% | −15.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.8% | −8.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +8.7% | −11.9% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
DVAL largest drawdowns
Now 2.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 29, 2024 | −18.1% | Apr 8, 2025 | Dec 11, 2025 | 4 months | 1.0 years |
| Feb 2, 2023 | −11.9% | Mar 17, 2023 | Dec 19, 2023 | 43 days | 11 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DVAL risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +12.8% | +10.5% |
| Volatility (annualized) | 12.0% | 13.3% |
| Sharpe ratio | 0.71 | 0.49 |
| Sortino ratio | 1.07 | 0.76 |
| Best month | +7.3% | +7.9% |
| Worst month | −7.7% | −7.7% |
| Best 12 months | +28.3% | +28.3% |
| Worst 12 months | −0.5% | −1.1% |
| Positive months | 69% | 64% |
| Beta vs S&P 500 | 0.66 | — |
| Correlation with S&P 500 | 0.68 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
DVAL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 37 | −1.1% | +11.3% | +28.3% | 95% |
| 3-year (a year) | 13 | +8.1% | +12.1% | +15.1% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
DVAL performance overview
BrandywineGLOBAL - Dynamic US Large Cap Value… (DVAL) returned +15.6% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +11.4% a year, turning $10,000 into about $15,386. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −18.1%, from Nov 29, 2024 to Apr 8, 2025, and it took 8 months to get back to the old high. DVAL finished 3 of its 3 full calendar years with a gain; the best year was 2024 (+12.8%) and the worst 2023 (+8.7%). Volatility has been 13.3% a year.
Related: DVAL chart, DVAL holdings, DVAL dividends, DVAL valuation. See the DVAL overview for the latest quote and fund facts.
DVAL performance FAQ
What is the DVAL return over the past year?
DVAL returned +15.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.6%.
How much would $10,000 invested in DVAL be worth?
$10,000 invested in DVAL at its first recorded close on October 31, 2022 would be worth about $15,386 on October 23, 2026 with distributions reinvested.
What was the worst year for DVAL?
The worst calendar year was 2023, with a total return of +8.7%. The best was 2024 at +12.8%.
What is the biggest drawdown of DVAL?
The largest peak-to-trough decline was −18.1% between November 29, 2024 and April 8, 2025. It recovered to the old high on December 11, 2025, 8 months after the bottom.
How volatile is DVAL?
Over the past 3 years DVAL had an annualized volatility of 12.0% and a Sharpe ratio of 0.71 (excess return over 1–3 month T-bills per unit of risk).