DFIP vs. DFSV

Last updated Jun 5, 2026

DFIP (Dimensional Inflation-Protected Securities ETF) and DFSV (Dimensional US Small Cap Value ETF) are both exchange-traded funds - DFIP is a Inflation-Protected Bonds fund actively managed by Dimensional, while DFSV is a Small Cap Value Equities fund actively managed by Dimensional. Both are actively managed. Over the past 3 years, DFIP returned 4.12%/yr vs 18.04%/yr for DFSV. At a 0.17 correlation, their price movements are largely independent. DFIP charges 0.11%/yr vs 0.31%/yr for DFSV.

Performance

DFIP vs. DFSV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Inflation-Protected Securities ETF (DFIP) and Dimensional US Small Cap Value ETF (DFSV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFIP achieves a 1.51% return, which is significantly lower than DFSV's 16.23% return.

DFIP

• 1D: 0.02%
• 1M: -0.12%
• YTD: 1.51%
• 6M: 1.14%
• 1Y: 4.69%
• 3Y*: 4.12%
• 5Y*: —
• 10Y*: —

DFSV

• 1D: 1.06%
• 1M: 1.11%
• YTD: 16.23%
• 6M: 16.16%
• 1Y: 36.37%
• 3Y*: 18.04%
• 5Y*: —
• 10Y*: —

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

DFIP vs. DFSV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DFIP Dimensional Inflation-Protected Securities ETF	1.51%	7.54%	1.72%	4.07%	-9.93%
DFSV Dimensional US Small Cap Value ETF	16.23%	8.59%	7.13%	19.26%	0.60%

Correlation

The correlation between DFIP and DFSV is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022	0.17

Return for Risk

DFIP vs. DFSV — Risk / Return Rank

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

DFIP

DFIP Risk / Return Rank: 42
DFIP Sharpe Ratio Rank: 40
DFIP Sortino Ratio Rank: 43
DFIP Omega Ratio Rank: 39
DFIP Calmar Ratio Rank: 47
DFIP Martin Ratio Rank: 44

DFSV

DFSV Risk / Return Rank: 68
DFSV Sharpe Ratio Rank: 64
DFSV Sortino Ratio Rank: 66
DFSV Omega Ratio Rank: 61
DFSV Calmar Ratio Rank: 78
DFSV Martin Ratio Rank: 68

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.

DFIP vs. DFSV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Inflation-Protected Securities ETF (DFIP) and Dimensional US Small Cap Value ETF (DFSV). 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.

	DFIP	DFSV	Difference
Sharpe ratio: Return per unit of total volatility	1.38	2.08	-0.70
Sortino ratio: Return per unit of downside risk	2.11	3.01	-0.90
Omega ratio: Gain probability vs. loss probability	1.25	1.37	-0.12
Calmar ratio: Return relative to maximum drawdown	2.29	3.89	-1.60
Martin ratio: Return relative to average drawdown	6.98	12.38	-5.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFIP vs. DFSV - Sharpe Ratio Comparison

The current DFIP Sharpe Ratio is 1.38, which is lower than the DFSV Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of DFIP and DFSV, 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

	DFIP	DFSV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	2.08	-0.70
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.54	-0.50

Drawdowns

DFIP vs. DFSV - Drawdown Comparison

The maximum DFIP drawdown since its inception was -14.96%, smaller than the maximum DFSV drawdown of -28.02%. Use the drawdown chart below to compare losses from any high point for DFIP and DFSV.

Drawdown Indicators

	DFIP	DFSV	Difference
Max Drawdown Largest peak-to-trough decline	-14.96%	-28.02%	+13.06%
Max Drawdown (1Y) Largest decline over 1 year	-2.06%	-9.39%	+7.33%
Max Drawdown (3Y) Largest decline over 3 years	-4.82%	-28.02%	+23.20%
Current Drawdown Current decline from peak	-0.44%	0.00%	-0.44%
Average Drawdown Average peak-to-trough decline	-6.94%	-6.70%	-0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	2.94%	-2.26%

Volatility

DFIP vs. DFSV - Volatility Comparison

The current volatility for Dimensional Inflation-Protected Securities ETF (DFIP) is 0.93%, while Dimensional US Small Cap Value ETF (DFSV) has a volatility of 3.89%. This indicates that DFIP experiences smaller price fluctuations and is considered to be less risky than DFSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFIP	DFSV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.93%	3.89%	-2.96%
Volatility (6M) Calculated over the trailing 6-month period	2.32%	11.31%	-8.99%
Volatility (1Y) Calculated over the trailing 1-year period	3.44%	17.57%	-14.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.81%	22.24%	-15.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.81%	22.24%	-15.43%

DFIP vs. DFSV - Expense Ratio Comparison

DFIP has a 0.11% expense ratio, which is lower than DFSV's 0.31% expense ratio.

Dividends

DFIP vs. DFSV - Dividend Comparison

DFIP's dividend yield for the trailing twelve months is around 3.88%, more than DFSV's 1.41% yield.

Position	TTM	2025	2024	2023	2022	2021
DFIP Dimensional Inflation-Protected Securities ETF	3.88%	4.70%	3.69%	3.68%	5.97%	0.56%
DFSV Dimensional US Small Cap Value ETF	1.41%	1.53%	1.31%	1.29%	0.90%	0.00%

Frequently Asked Questions

Can I hold both DFIP and DFSV in my portfolio?

DFIP and DFSV have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFIP or DFSV?

DFSV has higher volatility (3.89%) compared to DFIP (0.93%). In terms of maximum drawdown, DFIP dropped -14.96% vs DFSV's -28.02%.

Which ETF is better, DFIP or DFSV?

On 3-year performance, DFSV leads with 18.04% vs 4.12% for DFIP. On fees, DFIP is cheaper at 0.11% per year. On volatility, DFIP has been the lower-risk option at 0.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFIP or DFSV?

Over the 3-year period, DFSV has performed better with a 18.04% return vs 4.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFIP or DFSV?

DFIP is cheaper with a 0.11% expense ratio, compared with 0.31% for DFSV.

Which ETF pays a higher dividend yield, DFIP or DFSV?

DFIP has the higher dividend yield at 3.88%, compared with 1.41% for DFSV.

What is the main difference between DFIP and DFSV?

DFIP is categorized as Inflation-Protected Bonds, while DFSV is Small Cap Value Equities. Their fees differ too: 0.11% for DFIP and 0.31% for DFSV.

Which has better risk-adjusted returns?

DFSV currently has the higher Sharpe Ratio (2.08 vs 1.38), 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.