CGV vs. DFIS

Last updated Jun 24, 2026

CGV (Conductor Global Equity Value ETF) and DFIS (Dimensional International Small Cap ETF) are both Foreign Small & Mid Cap Equities funds. Both are actively managed. Over the past 3 years, CGV returned 11.34%/yr vs 18.54%/yr for DFIS. Their correlation of 0.83 suggests significant overlap in exposure. CGV charges 1.25%/yr vs 0.39%/yr for DFIS.

Performance

CGV vs. DFIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Conductor Global Equity Value ETF (CGV) and Dimensional International Small Cap ETF (DFIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGV achieves a 7.53% return, which is significantly higher than DFIS's 6.57% return.

CGV

• 1D: -1.57%
• 1M: -3.07%
• YTD: 7.53%
• 6M: 6.77%
• 1Y: 21.28%
• 3Y*: 11.34%
• 5Y*: —
• 10Y*: —

DFIS

• 1D: -2.99%
• 1M: -3.36%
• YTD: 6.57%
• 6M: 6.41%
• 1Y: 23.05%
• 3Y*: 18.54%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CGV vs. DFIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGV Conductor Global Equity Value ETF	7.53%	23.11%	-3.34%	5.72%	3.64%
DFIS Dimensional International Small Cap ETF	6.57%	37.49%	3.80%	15.19%	-2.06%

Correlation

The correlation between CGV and DFIS is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Aug 1, 2022	0.83

The correlation between CGV and DFIS has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.

CGV vs. DFIS - Sectors Allocation Comparison

Sectors	CGV	DFIS
Basic Materials	21.2%	14.6%
Industrials	14.3%	24.1%
Consumer Defensive	12.6%	5.0%
Energy	11.7%	5.6%
Technology	11.7%	9.8%
Consumer Cyclical	10.3%	13.5%
Financial Services	5.2%	11.7%
Healthcare	4.2%	5.3%
Utilities	4.0%	3.2%
Communication Services	3.6%	3.7%
Real Estate	1.2%	3.5%

Return for Risk

CGV vs. DFIS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CGV

CGV Risk / Return Rank: 42
CGV Sharpe Ratio Rank: 45
CGV Sortino Ratio Rank: 42
CGV Omega Ratio Rank: 43
CGV Calmar Ratio Rank: 38
CGV Martin Ratio Rank: 40

DFIS

DFIS Risk / Return Rank: 44
DFIS Sharpe Ratio Rank: 46
DFIS Sortino Ratio Rank: 44
DFIS Omega Ratio Rank: 45
DFIS Calmar Ratio Rank: 39
DFIS Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CGV vs. DFIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Conductor Global Equity Value ETF (CGV) and Dimensional International Small Cap ETF (DFIS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CGV	DFIS	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.52	-0.07
Sortino ratio: Return per unit of downside risk	1.97	2.12	-0.15
Omega ratio: Gain probability vs. loss probability	1.26	1.27	-0.01
Calmar ratio: Return relative to maximum drawdown	1.76	1.86	-0.10
Martin ratio: Return relative to average drawdown	5.96	7.04	-1.07

CGV vs. DFIS - Sharpe Ratio Comparison

The current CGV Sharpe Ratio is 1.44, which is comparable to the DFIS Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of CGV and DFIS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CGV vs. DFIS - Drawdown Comparison

The maximum CGV drawdown since its inception was -16.64%, smaller than the maximum DFIS drawdown of -27.23%. Use the drawdown chart below to compare losses from any high point for CGV and DFIS.

Drawdown Indicators

	CGV	DFIS	Difference
Max Drawdown Largest peak-to-trough decline	-16.64%	-27.23%	+10.59%
Max Drawdown (1Y) Largest decline over 1 year	-12.13%	-12.44%	+0.31%
Max Drawdown (3Y) Largest decline over 3 years	-16.64%	-13.55%	-3.09%
Current Drawdown Current decline from peak	-7.59%	-5.20%	-2.39%
Average Drawdown Average peak-to-trough decline	-3.67%	-6.13%	+2.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	3.28%	+0.30%

Volatility

CGV vs. DFIS - Volatility Comparison

Conductor Global Equity Value ETF (CGV) and Dimensional International Small Cap ETF (DFIS) have volatilities of 5.95% and 5.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGV	DFIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.95%	5.72%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	12.72%	13.05%	-0.33%
Volatility (1Y) Calculated over the trailing 1-year period	14.84%	15.28%	-0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.68%	17.39%	-3.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.68%	17.39%	-3.71%

CGV vs. DFIS - Expense Ratio Comparison

CGV has a 1.25% expense ratio, which is higher than DFIS's 0.39% expense ratio.

Dividends

CGV vs. DFIS - Dividend Comparison

CGV's dividend yield for the trailing twelve months is around 5.10%, more than DFIS's 2.09% yield.

Position	TTM	2025	2024	2023	2022
CGV Conductor Global Equity Value ETF	5.10%	4.58%	2.87%	4.56%	0.71%
DFIS Dimensional International Small Cap ETF	2.09%	2.23%	2.19%	2.36%	1.13%

Frequently Asked Questions

Can I hold both CGV and DFIS in my portfolio?

CGV and DFIS have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGV or DFIS?

CGV has higher volatility (5.95%) compared to DFIS (5.72%). In terms of maximum drawdown, CGV dropped -16.64% vs DFIS's -27.23%.

Which ETF is better, CGV or DFIS?

On 3-year performance, DFIS leads with 18.54% vs 11.34% for CGV. On fees, DFIS is cheaper at 0.39% per year. On volatility, DFIS has been the lower-risk option at 5.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGV or DFIS?

Over the 3-year period, DFIS has performed better with a 18.54% return vs 11.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGV or DFIS?

DFIS is cheaper with a 0.39% expense ratio, compared with 1.25% for CGV.

Which ETF pays a higher dividend yield, CGV or DFIS?

CGV has the higher dividend yield at 5.10%, compared with 2.09% for DFIS.

What is the main difference between CGV and DFIS?

They also come from different issuers: Conductor Fund and Dimensional. Their fees differ too: 1.25% for CGV and 0.39% for DFIS.

Which has better risk-adjusted returns?

DFIS currently has the higher Sharpe Ratio (1.52 vs 1.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.