DFAT vs. AVALX
DFAT (Dimensional U.S. Targeted Value ETF) and AVALX (Aegis Value Fund) are both Small Cap Value Equities funds. Over the past 5 years, DFAT returned 10.18%/yr vs 21.13%/yr for AVALX. A 0.60 correlation means they provide meaningful diversification when combined. DFAT charges 0.28%/yr vs 1.50%/yr for AVALX.
Performance
DFAT vs. AVALX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with DFAT having a 15.13% return and AVALX slightly lower at 14.52%.
DFAT
- 1D
- -0.35%
- 1M
- 2.05%
- YTD
- 15.13%
- 6M
- 13.50%
- 1Y
- 30.29%
- 3Y*
- 17.00%
- 5Y*
- 10.18%
- 10Y*
- —
AVALX
- 1D
- 0.00%
- 1M
- -4.84%
- YTD
- 14.52%
- 6M
- 13.82%
- 1Y
- 50.78%
- 3Y*
- 31.12%
- 5Y*
- 21.13%
- 10Y*
- 19.99%
DFAT vs. AVALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DFAT Dimensional U.S. Targeted Value ETF | 15.13% | 8.73% | 7.80% | 20.86% | -6.23% | 3.66% |
AVALX Aegis Value Fund | 14.52% | 67.06% | 8.29% | 13.11% | 10.50% | -3.04% |
Correlation
The correlation between DFAT and AVALX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021 | 0.60 |
The correlation between DFAT and AVALX shifts across timeframes, from 0.48 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DFAT vs. AVALX — Risk / Return Rank
DFAT
AVALX
DFAT vs. AVALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional U.S. Targeted Value ETF (DFAT) and Aegis Value Fund (AVALX). 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.
| DFAT | AVALX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.49 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 5.91 | -2.72 |
| Martin ratioReturn relative to average drawdown | 10.22 | 19.70 | -9.48 |
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Drawdowns
DFAT vs. AVALX - Drawdown Comparison
The maximum DFAT drawdown since its inception was -26.12%, smaller than the maximum AVALX drawdown of -73.72%. Use the drawdown chart below to compare losses from any high point for DFAT and AVALX.
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Drawdown Indicators
| DFAT | AVALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.12% | -73.72% | +47.60% |
Max Drawdown (1Y)Largest decline over 1 year | -9.55% | -8.32% | -1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -26.12% | -13.59% | -12.53% |
Max Drawdown (5Y)Largest decline over 5 years | -26.12% | -32.00% | +5.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.34% | — |
Current DrawdownCurrent decline from peak | -1.81% | -6.67% | +4.86% |
Average DrawdownAverage peak-to-trough decline | -6.24% | -10.94% | +4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 2.50% | +0.47% |
Volatility
DFAT vs. AVALX - Volatility Comparison
The current volatility for Dimensional U.S. Targeted Value ETF (DFAT) is 3.91%, while Aegis Value Fund (AVALX) has a volatility of 5.49%. This indicates that DFAT experiences smaller price fluctuations and is considered to be less risky than AVALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFAT | AVALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 5.49% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.92% | 13.30% | -2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.78% | 17.37% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.39% | 22.27% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.43% | 22.18% | -0.75% |
DFAT vs. AVALX - Expense Ratio Comparison
DFAT has a 0.28% expense ratio, which is lower than AVALX's 1.50% expense ratio.
Dividends
DFAT vs. AVALX - Dividend Comparison
DFAT's dividend yield for the trailing twelve months is around 1.42%, less than AVALX's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVALX Aegis Value Fund | 2.04% | 2.34% | 7.07% | 2.23% | 0.16% | 0.00% | 6.62% | 2.36% | 6.18% | 0.00% | 1.45% | 0.04% |
DFAT Dimensional U.S. Targeted Value ETF | 1.42% | 1.55% | 1.31% | 1.34% | 1.34% | 1.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DFAT and AVALX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVALX has higher volatility (5.49%) compared to DFAT (3.91%). In terms of maximum drawdown, DFAT dropped -26.12% vs AVALX's -73.72%.
AVALX currently has the higher Sharpe Ratio (2.84 vs 1.82), 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.
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