DFAT vs. FYT
Compare and contrast key facts about Dimensional U.S. Targeted Value ETF (DFAT) and First Trust Small Cap Value AlphaDEX Fund (FYT).
DFAT and FYT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFAT is an actively managed fund by Dimensional. It was launched on Jun 14, 2021. FYT is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Small Cap Value Index. It was launched on Apr 18, 2011.
Performance
DFAT vs. FYT - Performance Comparison
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DFAT vs. FYT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DFAT Dimensional U.S. Targeted Value ETF | 5.24% | 8.73% | 7.80% | 20.86% | -6.23% | 5.08% |
FYT First Trust Small Cap Value AlphaDEX Fund | 9.36% | 4.00% | 3.24% | 22.90% | -14.05% | 2.16% |
Returns By Period
In the year-to-date period, DFAT achieves a 5.24% return, which is significantly lower than FYT's 9.36% return.
DFAT
- 1D
- 2.01%
- 1M
- -3.73%
- YTD
- 5.24%
- 6M
- 8.08%
- 1Y
- 23.33%
- 3Y*
- 13.66%
- 5Y*
- —
- 10Y*
- —
FYT
- 1D
- 1.41%
- 1M
- -1.81%
- YTD
- 9.36%
- 6M
- 11.53%
- 1Y
- 25.81%
- 3Y*
- 12.33%
- 5Y*
- 5.54%
- 10Y*
- 9.69%
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DFAT vs. FYT - Expense Ratio Comparison
DFAT has a 0.28% expense ratio, which is lower than FYT's 0.72% expense ratio.
Return for Risk
DFAT vs. FYT — Risk / Return Rank
DFAT
FYT
DFAT vs. FYT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional U.S. Targeted Value ETF (DFAT) and First Trust Small Cap Value AlphaDEX Fund (FYT). 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.
| DFAT | FYT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 1.07 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.57 | 1.66 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.73 | -0.13 |
Martin ratioReturn relative to average drawdown | 5.87 | 6.28 | -0.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DFAT | FYT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 1.07 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.25 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.38 | +0.01 |
Correlation
The correlation between DFAT and FYT is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DFAT vs. FYT - Dividend Comparison
DFAT's dividend yield for the trailing twelve months is around 1.56%, more than FYT's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFAT Dimensional U.S. Targeted Value ETF | 1.56% | 1.55% | 1.31% | 1.34% | 1.34% | 1.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FYT First Trust Small Cap Value AlphaDEX Fund | 1.18% | 0.94% | 2.07% | 1.50% | 1.36% | 1.19% | 0.96% | 1.44% | 1.78% | 1.16% | 1.16% | 0.96% |
Drawdowns
DFAT vs. FYT - Drawdown Comparison
The maximum DFAT drawdown since its inception was -26.12%, smaller than the maximum FYT drawdown of -50.48%. Use the drawdown chart below to compare losses from any high point for DFAT and FYT.
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Drawdown Indicators
| DFAT | FYT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.12% | -50.48% | +24.36% |
Max Drawdown (1Y)Largest decline over 1 year | -14.60% | -15.05% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.48% | — |
Current DrawdownCurrent decline from peak | -6.07% | -4.04% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -6.42% | -8.62% | +2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 4.14% | -0.15% |
Volatility
DFAT vs. FYT - Volatility Comparison
Dimensional U.S. Targeted Value ETF (DFAT) has a higher volatility of 5.24% compared to First Trust Small Cap Value AlphaDEX Fund (FYT) at 4.69%. This indicates that DFAT's price experiences larger fluctuations and is considered to be riskier than FYT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFAT | FYT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 4.69% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 12.13% | 12.93% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.40% | 24.21% | -1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.72% | 22.64% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.72% | 25.99% | -4.27% |