Dimensional Small Cap Equity Fund (DSM)

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Dimensional Small Cap Equity Fund (DSM) is up 1.4% since the beginning of the year. DSM is currently trading at $6 per share. Investors who bought $1,000 worth of DSM shares 5 years ago would now be looking at an investment worth $923.

Dimensional Small Cap Equity Fund (DSM) has returned 1.43% so far this year and 14.82% over the past 12 months. Over the last ten years, DSM has returned 1.10% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 11, 1990, DSM's average daily return is +0.02%, while the average monthly return is +0.47%. At this rate, an investment would double in approximately 12.3 years.

Historically, 59% of months were positive and 41% were negative. The best month was Jan 2009 with a return of +15.8%, while the worst month was Sep 2008 at -14.6%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.

On a daily basis, DSM closed higher 43% of trading days. The best single day was Oct 13, 2008 with a return of +20.5%, while the worst single day was Mar 18, 2020 at -12.3%.

Dimensional Small Cap Equity Fund has an annualized alpha of 4.49%, beta of 0.18, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since January 11, 1990.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (27.36%) than losses (20.52%) - typical of diversified or defensive assets.
• Beta of 0.18 may look defensive, but with R2 of 0.04 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.04 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

DSM has an expense ratio of 0.03%, which is considered low.

DSM ranks 33 for risk / return — below 33% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Dimensional Small Cap Equity Fund provided a 4.84% dividend yield over the last twelve months, with an annual payout of $0.30 per share.

The table displays the monthly dividend distributions for Dimensional Small Cap Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Dimensional Small Cap Equity Fund. 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 Dimensional Small Cap Equity Fund was 49.15%, occurring on Oct 10, 2008. Recovery took 328 trading sessions.

The current Dimensional Small Cap Equity Fund drawdown is 11.45%.

The chart below shows the rolling one-month volatility.