DFMC vs. QQQS

Last updated Jun 4, 2026

DFMC (Dimensional US Micro Cap Portfolio ETF) and QQQS (Invesco NASDAQ Future Gen 200 ETF) are both Small Cap Blend Equities funds. DFMC is actively managed, while QQQS is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. DFMC charges 0.41%/yr vs 0.20%/yr for QQQS.

Performance

DFMC vs. QQQS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional US Micro Cap Portfolio ETF (DFMC) and Invesco NASDAQ Future Gen 200 ETF (QQQS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DFMC

• 1D: -1.12%
• 1M: 1.77%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQS

• 1D: -1.70%
• 1M: 5.91%
• YTD: 27.27%
• 6M: 27.40%
• 1Y: 79.99%
• 3Y*: 15.89%
• 5Y*: —
• 10Y*: —

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

DFMC vs. QQQS - Yearly Performance Comparison

	2026 (YTD)
DFMC Dimensional US Micro Cap Portfolio ETF	11.97%
QQQS Invesco NASDAQ Future Gen 200 ETF	27.47%

Correlation

The correlation between DFMC and QQQS is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 24, 2026	0.79

Return for Risk

DFMC vs. QQQS — Risk / Return Rank

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

QQQS

QQQS Risk / Return Rank: 85
QQQS Sharpe Ratio Rank: 88
QQQS Sortino Ratio Rank: 83
QQQS Omega Ratio Rank: 73
QQQS Calmar Ratio Rank: 91
QQQS Martin Ratio Rank: 88

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.

DFMC vs. QQQS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional US Micro Cap Portfolio ETF (DFMC) and Invesco NASDAQ Future Gen 200 ETF (QQQS). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DFMC	QQQS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.79	0.63	+4.17

Drawdowns

DFMC vs. QQQS - Drawdown Comparison

The maximum DFMC drawdown since its inception was -4.29%, smaller than the maximum QQQS drawdown of -38.06%. Use the drawdown chart below to compare losses from any high point for DFMC and QQQS.

Drawdown Indicators

	DFMC	QQQS	Difference
Max Drawdown Largest peak-to-trough decline	-4.29%	-38.06%	+33.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.63%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-34.32%	—
Current Drawdown Current decline from peak	-1.12%	-2.55%	+1.43%
Average Drawdown Average peak-to-trough decline	-0.84%	-13.26%	+12.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.07%	—

Volatility

Volatility by Period

	DFMC	QQQS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.39%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.19%	26.90%	-10.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.19%	28.34%	-12.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.19%	28.34%	-12.15%

DFMC vs. QQQS - Expense Ratio Comparison

DFMC has a 0.41% expense ratio, which is higher than QQQS's 0.20% expense ratio.

Dividends

DFMC vs. QQQS - Dividend Comparison

DFMC has not paid dividends to shareholders, while QQQS's dividend yield for the trailing twelve months is around 2.73%.

Position	TTM	2025	2024	2023	2022
DFMC Dimensional US Micro Cap Portfolio ETF	0.00%	0.00%	0.00%	0.00%	0.00%
QQQS Invesco NASDAQ Future Gen 200 ETF	2.73%	3.48%	0.80%	0.68%	0.04%

Frequently Asked Questions

Can I hold both DFMC and QQQS in my portfolio?

DFMC and QQQS have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DFMC or QQQS?

On fees, QQQS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DFMC or QQQS?

QQQS is cheaper with a 0.20% expense ratio, compared with 0.41% for DFMC.

Which ETF pays a higher dividend yield, DFMC or QQQS?

QQQS has the higher dividend yield at 2.73%, compared with 0.00% for DFMC.

What is the main difference between DFMC and QQQS?

They also come from different issuers: Dimensional Fund Advisors and Invesco. Their fees differ too: 0.41% for DFMC and 0.20% for QQQS.