DFAT vs. SPGP
Compare and contrast key facts about Dimensional U.S. Targeted Value ETF (DFAT) and Invesco S&P 500 GARP ETF (SPGP).
DFAT and SPGP 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. SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011.
Performance
DFAT vs. SPGP - Performance Comparison
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DFAT vs. SPGP - 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% |
SPGP Invesco S&P 500 GARP ETF | -5.19% | 9.80% | 8.48% | 20.29% | -13.83% | 12.30% |
Returns By Period
In the year-to-date period, DFAT achieves a 5.24% return, which is significantly higher than SPGP's -5.19% return.
DFAT
- 1D
- 2.01%
- 1M
- -3.73%
- YTD
- 5.24%
- 6M
- 8.08%
- 1Y
- 23.33%
- 3Y*
- 13.66%
- 5Y*
- —
- 10Y*
- —
SPGP
- 1D
- 3.24%
- 1M
- -6.43%
- YTD
- -5.19%
- 6M
- -4.81%
- 1Y
- 8.81%
- 3Y*
- 9.45%
- 5Y*
- 6.73%
- 10Y*
- 13.70%
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DFAT vs. SPGP - Expense Ratio Comparison
DFAT has a 0.28% expense ratio, which is lower than SPGP's 0.36% expense ratio.
Return for Risk
DFAT vs. SPGP — Risk / Return Rank
DFAT
SPGP
DFAT vs. SPGP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional U.S. Targeted Value ETF (DFAT) and Invesco S&P 500 GARP ETF (SPGP). 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 | SPGP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 0.41 | +0.64 |
Sortino ratioReturn per unit of downside risk | 1.57 | 0.74 | +0.84 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.10 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 0.65 | +0.96 |
Martin ratioReturn relative to average drawdown | 5.87 | 2.64 | +3.23 |
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 | SPGP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 0.41 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.37 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.70 | -0.31 |
Correlation
The correlation between DFAT and SPGP is 0.86, 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. SPGP - Dividend Comparison
DFAT's dividend yield for the trailing twelve months is around 1.56%, more than SPGP's 0.98% 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% |
SPGP Invesco S&P 500 GARP ETF | 0.98% | 1.04% | 1.38% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% |
Drawdowns
DFAT vs. SPGP - Drawdown Comparison
The maximum DFAT drawdown since its inception was -26.12%, smaller than the maximum SPGP drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for DFAT and SPGP.
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Drawdown Indicators
| DFAT | SPGP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.12% | -42.08% | +15.96% |
Max Drawdown (1Y)Largest decline over 1 year | -14.60% | -15.00% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.08% | — |
Current DrawdownCurrent decline from peak | -6.07% | -8.27% | +2.20% |
Average DrawdownAverage peak-to-trough decline | -6.42% | -4.39% | -2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 3.68% | +0.31% |
Volatility
DFAT vs. SPGP - Volatility Comparison
The current volatility for Dimensional U.S. Targeted Value ETF (DFAT) is 5.24%, while Invesco S&P 500 GARP ETF (SPGP) has a volatility of 6.32%. This indicates that DFAT experiences smaller price fluctuations and is considered to be less risky than SPGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFAT | SPGP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 6.32% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.13% | 11.82% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.40% | 21.82% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.72% | 18.49% | +3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.72% | 21.17% | +0.55% |