DFMC vs. IWC
DFMC (Dimensional US Micro Cap Portfolio ETF) and IWC (iShares Micro-Cap ETF) are both Small Cap Blend Equities funds. DFMC is actively managed, while IWC is passively managed. Their 0.78 correlation means they have sometimes moved together and sometimes differently. DFMC charges 0.41%/yr vs 0.60%/yr for IWC.
Performance
DFMC vs. IWC - Performance Comparison
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Returns By Period
DFMC
- 1D
- 1.76%
- 1M
- 1.31%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IWC
- 1D
- 2.79%
- 1M
- -2.38%
- 6M
- 14.14%
- YTD
- 22.83%
- 1Y
- 52.60%
- 3Y*
- 20.99%
- 5Y*
- 7.59%
- 10Y*
- 11.16%
- ALL TIME*
- 7.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.07M | $1.56M | $1.52M | |
| $11.19M | $12.59M | $19.43M |
DFMC vs. IWC - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DFMC Dimensional US Micro Cap Portfolio ETF | 21.93% |
IWC iShares Micro-Cap ETF | 24.12% |
Correlation
The correlation between DFMC and IWC is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 23, 2026 | 0.78 |
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Return for Risk
DFMC vs. IWC — Risk / Return Rank
DFMC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IWC
DFMC vs. IWC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional US Micro Cap Portfolio ETF (DFMC) and iShares Micro-Cap ETF (IWC). 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.
| DFMC | IWC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.25 | — |
| Martin ratioReturn relative to average drawdown | — | 13.48 | — |
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Drawdowns
DFMC vs. IWC - Drawdown Comparison
The maximum DFMC drawdown since its inception was -4.29%, smaller than the maximum IWC drawdown of -64.61%. Use the drawdown chart below to compare losses from any high point for DFMC and IWC.
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Drawdown Indicators
| DFMC | IWC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.29% | -64.61% | +60.32% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.43% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.21% | — |
Current DrawdownCurrent decline from peak | -0.11% | -3.70% | +3.59% |
Average DrawdownAverage peak-to-trough decline | -0.90% | -15.18% | +14.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.91% | — |
Volatility
DFMC vs. IWC - Volatility Comparison
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Volatility by Period
| DFMC | IWC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.41% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 18.31% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.28% | 24.22% | -8.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.28% | 24.50% | -9.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.28% | 24.50% | -9.22% |
DFMC vs. IWC - Expense Ratio Comparison
DFMC has a 0.41% expense ratio, which is lower than IWC's 0.60% expense ratio.
Dividends
DFMC vs. IWC - Dividend Comparison
DFMC's dividend yield for the trailing twelve months is around 0.21%, less than IWC's 0.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFMC Dimensional US Micro Cap Portfolio ETF | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWC iShares Micro-Cap ETF | 0.98% | 1.10% | 1.06% | 1.17% | 1.18% | 0.78% | 0.98% | 1.19% | 1.01% | 1.09% | 1.16% | 1.49% |
Frequently Asked Questions
DFMC and IWC have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DFMC is cheaper at 0.41% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DFMC is cheaper with a 0.41% expense ratio, compared with 0.60% for IWC.
IWC has the higher dividend yield at 0.98%, compared with 0.21% for DFMC.
They also come from different issuers: Dimensional and iShares. Their fees differ too: 0.41% for DFMC and 0.60% for IWC.
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