DFSCX vs. SPSM
Compare and contrast key facts about DFA U.S. Micro Cap Portfolio (DFSCX) and SPDR Portfolio S&P 600 Small Cap ETF (SPSM).
DFSCX is managed by Dimensional Fund Advisors LP. It was launched on Dec 23, 1981. SPSM is a passively managed fund by State Street that tracks the performance of the S&P SmallCap 600 Index. It was launched on Jul 8, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFSCX or SPSM.
Correlation
The correlation between DFSCX and SPSM is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DFSCX vs. SPSM - Performance Comparison
Key characteristics
DFSCX:
-0.12
SPSM:
-0.16
DFSCX:
-0.04
SPSM:
-0.10
DFSCX:
1.00
SPSM:
0.99
DFSCX:
-0.03
SPSM:
-0.17
DFSCX:
-0.38
SPSM:
-0.48
DFSCX:
6.65%
SPSM:
6.53%
DFSCX:
20.19%
SPSM:
19.53%
DFSCX:
-97.78%
SPSM:
-42.89%
DFSCX:
-80.89%
SPSM:
-16.65%
Returns By Period
The year-to-date returns for both investments are quite close, with DFSCX having a -9.04% return and SPSM slightly higher at -8.63%. Over the past 10 years, DFSCX has underperformed SPSM with an annualized return of 3.73%, while SPSM has yielded a comparatively higher 6.93% annualized return.
DFSCX
-9.04%
-5.82%
-7.08%
-1.54%
15.82%
3.73%
SPSM
-8.63%
-5.93%
-8.02%
-2.16%
16.61%
6.93%
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DFSCX vs. SPSM - Expense Ratio Comparison
DFSCX has a 0.41% expense ratio, which is higher than SPSM's 0.05% expense ratio.
Risk-Adjusted Performance
DFSCX vs. SPSM — Risk-Adjusted Performance Rank
DFSCX
SPSM
DFSCX vs. SPSM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA U.S. Micro Cap Portfolio (DFSCX) and SPDR Portfolio S&P 600 Small Cap ETF (SPSM). 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.
Dividends
DFSCX vs. SPSM - Dividend Comparison
DFSCX's dividend yield for the trailing twelve months is around 0.83%, less than SPSM's 2.05% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFSCX DFA U.S. Micro Cap Portfolio | 0.83% | 0.97% | 1.04% | 1.08% | 0.92% | 0.87% | 0.81% | 0.83% | 0.78% | 0.74% | 0.89% | 0.71% |
SPSM SPDR Portfolio S&P 600 Small Cap ETF | 2.05% | 1.85% | 1.61% | 1.38% | 1.41% | 1.17% | 1.58% | 1.82% | 1.51% | 1.49% | 2.37% | 1.70% |
Drawdowns
DFSCX vs. SPSM - Drawdown Comparison
The maximum DFSCX drawdown since its inception was -97.78%, which is greater than SPSM's maximum drawdown of -42.89%. Use the drawdown chart below to compare losses from any high point for DFSCX and SPSM. For additional features, visit the drawdowns tool.
Volatility
DFSCX vs. SPSM - Volatility Comparison
DFA U.S. Micro Cap Portfolio (DFSCX) and SPDR Portfolio S&P 600 Small Cap ETF (SPSM) have volatilities of 5.97% and 6.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.