DFFVX vs. FISVX

Last updated Jun 4, 2026

DFFVX (DFA U.S. Targeted Value Portfolio) and FISVX (Fidelity Small Cap Value Index Fund) are both Small Cap Value Equities funds. Over the past 5 years, DFFVX returned 8.76%/yr vs 7.06%/yr for FISVX. With a 0.97 correlation, they move nearly in lockstep. DFFVX charges 0.29%/yr vs 0.05%/yr for FISVX.

Performance

DFFVX vs. FISVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA U.S. Targeted Value Portfolio (DFFVX) and Fidelity Small Cap Value Index Fund (FISVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFFVX achieves a 14.56% return, which is significantly lower than FISVX's 18.90% return.

DFFVX

• 1D: 0.96%
• 1M: 2.48%
• YTD: 14.56%
• 6M: 14.49%
• 1Y: 32.25%
• 3Y*: 17.52%
• 5Y*: 8.76%
• 10Y*: 11.05%

FISVX

• 1D: 0.96%
• 1M: 4.03%
• YTD: 18.90%
• 6M: 18.08%
• 1Y: 43.18%
• 3Y*: 18.51%
• 5Y*: 7.06%
• 10Y*: —

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

DFFVX vs. FISVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DFFVX DFA U.S. Targeted Value Portfolio	14.56%	9.53%	9.34%	19.37%	-4.66%	31.53%	3.78%	9.24%
FISVX Fidelity Small Cap Value Index Fund	18.90%	12.70%	8.16%	14.72%	-14.42%	28.26%	4.49%	9.54%

Correlation

The correlation between DFFVX and FISVX is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jul 18, 2019	0.97

The correlation between DFFVX and FISVX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

Return for Risk

DFFVX vs. FISVX — Risk / Return Rank

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

DFFVX

DFFVX Risk / Return Rank: 56
DFFVX Sharpe Ratio Rank: 48
DFFVX Sortino Ratio Rank: 50
DFFVX Omega Ratio Rank: 45
DFFVX Calmar Ratio Rank: 78
DFFVX Martin Ratio Rank: 58

FISVX

FISVX Risk / Return Rank: 78
FISVX Sharpe Ratio Rank: 77
FISVX Sortino Ratio Rank: 72
FISVX Omega Ratio Rank: 59
FISVX Calmar Ratio Rank: 94
FISVX Martin Ratio Rank: 90

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.

DFFVX vs. FISVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA U.S. Targeted Value Portfolio (DFFVX) and Fidelity Small Cap Value Index Fund (FISVX). 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.

	DFFVX	FISVX	Difference
Sharpe ratio: Return per unit of total volatility	2.03	2.54	-0.51
Sortino ratio: Return per unit of downside risk	2.98	3.54	-0.55
Omega ratio: Gain probability vs. loss probability	1.36	1.43	-0.07
Calmar ratio: Return relative to maximum drawdown	3.57	5.34	-1.77
Martin ratio: Return relative to average drawdown	11.57	18.11	-6.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFFVX vs. FISVX - Sharpe Ratio Comparison

The current DFFVX Sharpe Ratio is 2.03, which is comparable to the FISVX Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of DFFVX and FISVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DFFVX	FISVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	2.54	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.33	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.42	+0.04

Drawdowns

DFFVX vs. FISVX - Drawdown Comparison

The maximum DFFVX drawdown since its inception was -64.21%, which is greater than FISVX's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for DFFVX and FISVX.

Drawdown Indicators

	DFFVX	FISVX	Difference
Max Drawdown Largest peak-to-trough decline	-64.21%	-44.66%	-19.55%
Max Drawdown (1Y) Largest decline over 1 year	-9.70%	-8.54%	-1.16%
Max Drawdown (3Y) Largest decline over 3 years	-26.09%	-26.50%	+0.41%
Max Drawdown (5Y) Largest decline over 5 years	-26.09%	-26.50%	+0.41%
Max Drawdown (10Y) Largest decline over 10 years	-50.75%	—	—
Current Drawdown Current decline from peak	0.00%	-0.24%	+0.24%
Average Drawdown Average peak-to-trough decline	-9.71%	-10.34%	+0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	2.51%	+0.47%

Volatility

DFFVX vs. FISVX - Volatility Comparison

The current volatility for DFA U.S. Targeted Value Portfolio (DFFVX) is 4.26%, while Fidelity Small Cap Value Index Fund (FISVX) has a volatility of 4.89%. This indicates that DFFVX experiences smaller price fluctuations and is considered to be less risky than FISVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFFVX	FISVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	4.89%	-0.63%
Volatility (6M) Calculated over the trailing 6-month period	11.04%	11.97%	-0.93%
Volatility (1Y) Calculated over the trailing 1-year period	17.02%	17.95%	-0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.54%	21.71%	-0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.67%	26.74%	-3.07%

DFFVX vs. FISVX - Expense Ratio Comparison

DFFVX has a 0.29% expense ratio, which is higher than FISVX's 0.05% expense ratio.

Dividends

DFFVX vs. FISVX - Dividend Comparison

DFFVX's dividend yield for the trailing twelve months is around 1.50%, less than FISVX's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFFVX DFA U.S. Targeted Value Portfolio	1.50%	1.69%	1.40%	2.26%	5.17%	2.74%	1.52%	3.82%	5.95%	5.16%	3.95%	5.84%
FISVX Fidelity Small Cap Value Index Fund	1.83%	2.18%	1.70%	2.06%	3.69%	9.55%	1.33%	0.62%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DFFVX and FISVX in my portfolio?

With a correlation of 0.94, DFFVX and FISVX 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.

Which is riskier, DFFVX or FISVX?

FISVX has higher volatility (4.89%) compared to DFFVX (4.26%). In terms of maximum drawdown, DFFVX dropped -64.21% vs FISVX's -44.66%.

Which has better risk-adjusted returns?

FISVX currently has the higher Sharpe Ratio (2.54 vs 2.03), 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.