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DFAT vs. XSVM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DFAT vs. XSVM

Last updated Jun 24, 2026

DFAT (Dimensional U.S. Targeted Value ETF) and XSVM (Invesco S&P SmallCap Value with Momentum ETF) are both exchange-traded funds - DFAT is a Small Cap Value Equities fund actively managed by Dimensional, while XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index. DFAT is actively managed, while XSVM is passively managed. Over the past 5 years, DFAT returned 10.18%/yr vs 7.87%/yr for XSVM. With a 0.96 correlation, they move nearly in lockstep. DFAT charges 0.28%/yr vs 0.37%/yr for XSVM.

Performance

DFAT vs. XSVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional U.S. Targeted Value ETF (DFAT) and Invesco S&P SmallCap Value with Momentum ETF (XSVM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DFAT achieves a 15.13% return, which is significantly lower than XSVM's 20.98% return.

DFAT

1D
-0.35%
1M
2.05%
YTD
15.13%
6M
13.50%
1Y
30.29%
3Y*
17.00%
5Y*
10.18%
10Y*
—

XSVM

1D
0.77%
1M
3.66%
YTD
20.98%
6M
18.82%
1Y
37.12%
3Y*
17.66%
5Y*
7.87%
10Y*
13.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DFAT vs. XSVM - Yearly Performance Comparison

2026 (YTD)20252024202320222021
DFAT
Dimensional U.S. Targeted Value ETF		15.13%8.73%7.80%20.86%-6.23%3.66%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		20.98%7.47%2.30%20.20%-13.63%2.93%

Correlation

The correlation between DFAT and XSVM is 0.93, 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

0.93

Correlation (3Y)
Calculated over the trailing 3-year period

0.95

Correlation (5Y)
Calculated over the trailing 5-year period

0.96

Correlation (All Time)
Calculated using the full available price history since Jun 14, 2021

0.96

The correlation between DFAT and XSVM has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

DFAT vs. XSVM - Sectors Allocation Comparison

Sectors
DFAT
XSVM

Financial Services

27.9%
38.7%

Industrials

16.2%
6.3%

Consumer Cyclical

14.9%
17.4%

Energy

10.5%
9.3%

Technology

9.4%
9.5%

Consumer Defensive

6.9%
6.9%

Healthcare

6.4%
1.1%

Basic Materials

4.8%
2.0%

Communication Services

1.8%
2.8%

Real Estate

0.8%
4.8%

Utilities

0.4%
1.2%

Financial Services

DFAT
27.9%
XSVM
38.7%

Industrials

DFAT
16.2%
XSVM
6.3%

Consumer Cyclical

DFAT
14.9%
XSVM
17.4%

Energy

DFAT
10.5%
XSVM
9.3%

Technology

DFAT
9.4%
XSVM
9.5%

Consumer Defensive

DFAT
6.9%
XSVM
6.9%

Healthcare

DFAT
6.4%
XSVM
1.1%

Basic Materials

DFAT
4.8%
XSVM
2.0%

Communication Services

DFAT
1.8%
XSVM
2.8%

Real Estate

DFAT
0.8%
XSVM
4.8%

Utilities

DFAT
0.4%
XSVM
1.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Dimensional U.S. Targeted Value ETF

Invesco S&P SmallCap Value with Momentum ETF

Often compared with DFAT:
DFAT vs. AVUVDFAT vs. DFUVXDFAT vs. VBRDFAT vs. DFUSDFAT vs. DFACDFAT vs. DFLVDFAT vs. SLYV
Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX

Return for Risk

DFAT vs. XSVM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DFAT
DFAT Risk / Return Rank: 5959
Overall Rank
DFAT Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
DFAT Sortino Ratio Rank: 6060
Sortino Ratio Rank
DFAT Omega Ratio Rank: 5454
Omega Ratio Rank
DFAT Calmar Ratio Rank: 6767
Calmar Ratio Rank
DFAT Martin Ratio Rank: 6060
Martin Ratio Rank
XSVM
XSVM Risk / Return Rank: 6767
Overall Rank
XSVM Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 6767
Sortino Ratio Rank
XSVM Omega Ratio Rank: 6262
Omega Ratio Rank
XSVM Calmar Ratio Rank: 7676
Calmar Ratio Rank
XSVM Martin Ratio Rank: 6666
Martin Ratio Rank
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.

DFAT vs. XSVM - 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 SmallCap Value with Momentum ETF (XSVM). 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.

DFATXSVMDifference
Sharpe ratioReturn per unit of total volatility
1.82
2.03

-0.21

Sortino ratioReturn per unit of downside risk
2.69
2.93

-0.24

Omega ratioGain probability vs. loss probability

1.32

1.36

-0.03

Calmar ratioReturn relative to maximum drawdown

3.19

3.70

-0.51

Martin ratioReturn relative to average drawdown

10.22

11.45

-1.23

DFAT vs. XSVM - Sharpe Ratio Comparison

The current DFAT Sharpe Ratio is 1.82, which is comparable to the XSVM Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of DFAT and XSVM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DFAT vs. XSVM - Drawdown Comparison

The maximum DFAT drawdown since its inception was -26.12%, smaller than the maximum XSVM drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for DFAT and XSVM.

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Drawdown Indicators

DFATXSVMDifference

Max Drawdown

Largest peak-to-trough decline

-26.12%

-62.57%

+36.45%

Max Drawdown (1Y)

Largest decline over 1 year

-9.55%

-10.08%

+0.53%

Max Drawdown (3Y)

Largest decline over 3 years

-26.12%

-26.21%

+0.09%

Max Drawdown (5Y)

Largest decline over 5 years

-26.12%

-26.21%

+0.09%

Max Drawdown (10Y)

Largest decline over 10 years

—

-49.02%

—

Current Drawdown

Current decline from peak

-1.81%

-0.73%

-1.08%

Average Drawdown

Average peak-to-trough decline

-6.24%

-11.54%

+5.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.97%

3.25%

-0.28%

Volatility

DFAT vs. XSVM - Volatility Comparison

The current volatility for Dimensional U.S. Targeted Value ETF (DFAT) is 3.91%, while Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a volatility of 4.63%. This indicates that DFAT experiences smaller price fluctuations and is considered to be less risky than XSVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DFATXSVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.91%

4.63%

-0.72%

Volatility (6M)

Calculated over the trailing 6-month period

10.92%

12.28%

-1.36%

Volatility (1Y)

Calculated over the trailing 1-year period

16.78%

18.54%

-1.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.39%

22.55%

-1.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.43%

25.07%

-3.64%

DFAT vs. XSVM - Expense Ratio Comparison

DFAT has a 0.28% expense ratio, which is lower than XSVM's 0.37% expense ratio.

Dividends

DFAT vs. XSVM - Dividend Comparison

DFAT's dividend yield for the trailing twelve months is around 1.42%, less than XSVM's 1.82% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		1.82%2.29%1.69%1.31%1.79%1.23%1.21%1.22%2.54%1.90%2.29%2.68%

Frequently Asked Questions

With a correlation of 0.93, DFAT and XSVM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

XSVM has higher volatility (4.63%) compared to DFAT (3.91%). In terms of maximum drawdown, DFAT dropped -26.12% vs XSVM's -62.57%.

On 5-year performance, DFAT leads with 10.18% vs 7.87% for XSVM. On fees, DFAT is cheaper at 0.28% per year. On volatility, DFAT has been the lower-risk option at 3.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, DFAT has performed better with a 10.18% return vs 7.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DFAT is cheaper with a 0.28% expense ratio, compared with 0.37% for XSVM.

XSVM has the higher dividend yield at 1.82%, compared with 1.42% for DFAT.

DFAT is categorized as Small Cap Value Equities, while XSVM is Momentum. They also come from different issuers: Dimensional and Invesco. Their fees differ too: 0.28% for DFAT and 0.37% for XSVM.

XSVM currently has the higher Sharpe Ratio (2.03 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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