US Microcap
Asset Allocation
Performance
Performance Chart
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The earliest data available for this chart is Jul 19, 2012, corresponding to the inception date of DWAS
Returns By Period
As of May 21, 2025, the US Microcap returned -1.91% Year-To-Date and 8.30% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 1.00% | 12.45% | 0.40% | 11.91% | 15.04% | 10.82% |
| US Microcap | -1.91% | 13.35% | -3.06% | 7.93% | 14.57% | 8.30% |
| Portfolio components: | ||||||
DFSCX DFA U.S. Micro Cap Portfolio | -4.61% | 12.30% | -8.47% | 1.83% | 12.64% | 4.24% |
IWC iShares Microcap ETF | -7.03% | 15.65% | -6.50% | 2.13% | 9.76% | 5.54% |
FDM First Trust Dow Jones Select MicroCap Index Fund | -1.02% | 13.09% | -2.26% | 9.16% | 15.21% | 8.67% |
DWAS Invesco DWA SmallCap Momentum ETF | -9.38% | 11.88% | -16.28% | -6.34% | 11.51% | 7.73% |
PVIVX Paradigm Micro-cap Fund | -11.99% | 13.65% | -15.83% | -12.87% | 12.31% | 5.46% |
Monthly Returns
The table below presents the monthly returns of US Microcap, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.19% | -2.54% | -8.49% | -1.38% | 9.14% | -1.91% | |||||||
| 2024 | -4.29% | 4.07% | 3.22% | -5.40% | 4.94% | -3.20% | 12.19% | -4.18% | -0.04% | 0.55% | 12.80% | -6.18% | 12.98% |
| 2023 | 7.79% | -1.19% | -8.71% | -3.90% | 0.51% | 9.27% | 6.87% | -5.37% | -3.88% | -5.01% | 6.66% | 11.33% | 12.51% |
| 2022 | -6.67% | 1.06% | -0.17% | -7.48% | 1.29% | -7.75% | 11.05% | -3.73% | -9.75% | 13.28% | 3.85% | -5.80% | -12.96% |
| 2021 | 5.99% | 11.35% | 6.20% | -0.91% | 3.02% | 0.97% | -3.84% | 2.43% | -1.57% | 3.88% | -2.33% | 4.56% | 32.87% |
| 2020 | -6.61% | -8.70% | -26.40% | 15.43% | 4.91% | 4.20% | -0.43% | 2.31% | -4.55% | 1.93% | 17.52% | 7.72% | -0.64% |
| 2019 | 10.52% | 5.51% | -4.88% | 2.41% | -7.40% | 6.93% | 1.62% | -6.12% | 5.57% | 1.25% | 4.05% | 6.25% | 26.80% |
| 2018 | 0.53% | -3.43% | 3.00% | 0.91% | 6.04% | 1.07% | 0.63% | 3.27% | -3.12% | -9.36% | -1.32% | -11.21% | -13.54% |
| 2017 | -2.86% | 0.25% | 0.00% | 1.60% | -2.43% | 4.64% | -0.30% | -1.93% | 7.89% | 1.26% | 3.00% | -1.68% | 9.27% |
| 2016 | -6.84% | 1.23% | 5.99% | 1.87% | -0.16% | 0.23% | 5.37% | 2.61% | 0.93% | -2.83% | 15.61% | 7.01% | 33.66% |
| 2015 | -4.93% | 5.56% | 1.88% | -1.42% | 1.28% | 2.54% | -2.62% | -3.76% | -3.16% | 5.63% | 4.25% | -5.22% | -0.83% |
| 2014 | -5.05% | 4.17% | 1.07% | -4.55% | 0.25% | 3.52% | -4.16% | 3.34% | -5.60% | 7.59% | -1.61% | 5.16% | 3.07% |
Expense Ratio
US Microcap has an expense ratio of 0.60%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of US Microcap is 12, meaning it’s performing worse than 88% of other portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
DFSCX DFA U.S. Micro Cap Portfolio | 0.08 | 0.30 | 1.04 | 0.07 | 0.20 |
IWC iShares Microcap ETF | 0.08 | 0.34 | 1.04 | 0.07 | 0.25 |
FDM First Trust Dow Jones Select MicroCap Index Fund | 0.37 | 0.73 | 1.09 | 0.41 | 1.17 |
DWAS Invesco DWA SmallCap Momentum ETF | -0.22 | -0.09 | 0.99 | -0.17 | -0.43 |
PVIVX Paradigm Micro-cap Fund | -0.44 | -0.46 | 0.94 | -0.40 | -1.02 |
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Dividends
Dividend yield
US Microcap provided a 1.79% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.79% | 1.47% | 1.71% | 1.70% | 1.02% | 1.56% | 1.32% | 1.20% | 0.97% | 1.12% | 1.42% | 0.77% |
| Portfolio components: | ||||||||||||
DFSCX DFA U.S. Micro Cap Portfolio | 1.06% | 0.97% | 1.04% | 1.08% | 0.92% | 0.87% | 0.81% | 0.83% | 0.78% | 0.74% | 0.89% | 0.71% |
IWC iShares Microcap ETF | 1.16% | 1.06% | 1.17% | 1.18% | 0.78% | 0.98% | 1.19% | 1.01% | 1.09% | 1.16% | 1.49% | 1.11% |
FDM First Trust Dow Jones Select MicroCap Index Fund | 1.91% | 1.56% | 1.81% | 1.81% | 1.08% | 1.68% | 1.37% | 1.26% | 0.97% | 1.13% | 1.45% | 0.75% |
DWAS Invesco DWA SmallCap Momentum ETF | 0.87% | 0.79% | 1.42% | 0.81% | 0.16% | 0.21% | 0.13% | 0.04% | 0.20% | 0.52% | 0.19% | 0.05% |
PVIVX Paradigm Micro-cap Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the US Microcap. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the US Microcap was 47.63%, occurring on Mar 18, 2020. Recovery took 203 trading sessions.
The current US Microcap drawdown is 8.08%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -47.63% | Aug 23, 2018 | 394 | Mar 18, 2020 | 203 | Jan 6, 2021 | 597 |
| -25.05% | Nov 12, 2021 | 370 | May 4, 2023 | 300 | Jul 16, 2024 | 670 |
| -23.96% | Dec 12, 2024 | 79 | Apr 8, 2025 | — | — | — |
| -19.34% | Jun 24, 2015 | 161 | Feb 11, 2016 | 123 | Aug 8, 2016 | 284 |
| -12.76% | Apr 3, 2014 | 133 | Oct 10, 2014 | 51 | Dec 23, 2014 | 184 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 5 assets, with an effective number of assets of 1.33, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| ^GSPC | PVIVX | DWAS | FDM | IWC | DFSCX | Portfolio | |
|---|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | 0.74 | 0.76 | 0.71 | 0.75 | 0.78 | 0.72 |
| PVIVX | 0.74 | 1.00 | 0.83 | 0.81 | 0.87 | 0.87 | 0.84 |
| DWAS | 0.76 | 0.83 | 1.00 | 0.83 | 0.90 | 0.87 | 0.85 |
| FDM | 0.71 | 0.81 | 0.83 | 1.00 | 0.90 | 0.92 | 1.00 |
| IWC | 0.75 | 0.87 | 0.90 | 0.90 | 1.00 | 0.93 | 0.92 |
| DFSCX | 0.78 | 0.87 | 0.87 | 0.92 | 0.93 | 1.00 | 0.94 |
| Portfolio | 0.72 | 0.84 | 0.85 | 1.00 | 0.92 | 0.94 | 1.00 |