DFSU vs. DFAS

Last updated Jun 23, 2026

DFSU (Dimensional US Sustainability Core 1 ETF) and DFAS (Dimensional U.S. Small Cap ETF) are both exchange-traded funds - DFSU is a Large Cap Blend Equities fund actively managed by Dimensional, while DFAS is a Small Cap Blend Equities fund actively managed by Dimensional. Both are actively managed. Over the past 3 years, DFSU returned 19.48%/yr vs 16.27%/yr for DFAS. Their correlation of 0.88 suggests significant overlap in exposure. DFSU charges 0.18%/yr vs 0.26%/yr for DFAS.

Performance

DFSU vs. DFAS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional US Sustainability Core 1 ETF (DFSU) and Dimensional U.S. Small Cap ETF (DFAS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFSU achieves a 6.81% return, which is significantly lower than DFAS's 15.74% return.

DFSU

• 1D: -0.39%
• 1M: 0.41%
• YTD: 6.81%
• 6M: 5.89%
• 1Y: 23.42%
• 3Y*: 19.48%
• 5Y*: —
• 10Y*: —

DFAS

• 1D: 0.12%
• 1M: 3.77%
• YTD: 15.74%
• 6M: 12.99%
• 1Y: 31.21%
• 3Y*: 16.27%
• 5Y*: 8.37%
• 10Y*: —

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

DFSU vs. DFAS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DFSU Dimensional US Sustainability Core 1 ETF	6.81%	15.65%	22.96%	26.27%	0.90%
DFAS Dimensional U.S. Small Cap ETF	15.74%	8.17%	10.21%	17.83%	-2.00%

Correlation

The correlation between DFSU and DFAS is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (All Time) Calculated using the full available price history since Nov 2, 2022	0.88

The correlation between DFSU and DFAS has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

DFSU vs. DFAS - Sectors Allocation Comparison

Sectors	DFSU	DFAS
Financial Services	23.0%	19.2%
Technology	18.5%	15.1%
Industrials	14.4%	18.9%
Communication Services	14.0%	2.6%
Healthcare	13.6%	12.0%
Consumer Cyclical	6.9%	13.0%
Consumer Defensive	2.9%	4.2%
Basic Materials	2.3%	5.2%
Energy	2.0%	6.4%
Utilities	1.8%	2.8%
Real Estate	0.3%	0.7%

Return for Risk

DFSU vs. DFAS — Risk / Return Rank

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

DFSU

DFSU Risk / Return Rank: 53
DFSU Sharpe Ratio Rank: 54
DFSU Sortino Ratio Rank: 53
DFSU Omega Ratio Rank: 51
DFSU Calmar Ratio Rank: 48
DFSU Martin Ratio Rank: 58

DFAS

DFAS Risk / Return Rank: 60
DFAS Sharpe Ratio Rank: 57
DFAS Sortino Ratio Rank: 59
DFAS Omega Ratio Rank: 52
DFAS Calmar Ratio Rank: 69
DFAS Martin Ratio Rank: 65

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.

DFSU vs. DFAS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional US Sustainability Core 1 ETF (DFSU) and Dimensional U.S. Small Cap ETF (DFAS). 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.

	DFSU	DFAS	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.85	-0.08
Sortino ratio: Return per unit of downside risk	2.48	2.70	-0.22
Omega ratio: Gain probability vs. loss probability	1.31	1.32	0.00
Calmar ratio: Return relative to maximum drawdown	2.32	3.35	-1.02
Martin ratio: Return relative to average drawdown	10.02	11.51	-1.49

DFSU vs. DFAS - Sharpe Ratio Comparison

The current DFSU Sharpe Ratio is 1.76, which is comparable to the DFAS Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of DFSU and DFAS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DFSU vs. DFAS - Drawdown Comparison

The maximum DFSU drawdown since its inception was -19.88%, smaller than the maximum DFAS drawdown of -26.13%. Use the drawdown chart below to compare losses from any high point for DFSU and DFAS.

Drawdown Indicators

	DFSU	DFAS	Difference
Max Drawdown Largest peak-to-trough decline	-19.88%	-26.13%	+6.25%
Max Drawdown (1Y) Largest decline over 1 year	-10.12%	-9.36%	-0.76%
Max Drawdown (3Y) Largest decline over 3 years	-19.88%	-26.13%	+6.25%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.13%	—
Current Drawdown Current decline from peak	-1.24%	-0.12%	-1.12%
Average Drawdown Average peak-to-trough decline	-2.64%	-8.24%	+5.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.34%	2.72%	-0.38%

Volatility

DFSU vs. DFAS - Volatility Comparison

The current volatility for Dimensional US Sustainability Core 1 ETF (DFSU) is 4.16%, while Dimensional U.S. Small Cap ETF (DFAS) has a volatility of 4.70%. This indicates that DFSU experiences smaller price fluctuations and is considered to be less risky than DFAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFSU	DFAS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	4.70%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	10.21%	11.92%	-1.71%
Volatility (1Y) Calculated over the trailing 1-year period	13.36%	17.00%	-3.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.26%	20.81%	-4.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.26%	20.82%	-4.56%

DFSU vs. DFAS - Expense Ratio Comparison

DFSU has a 0.18% expense ratio, which is lower than DFAS's 0.26% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DFSU vs. DFAS - Dividend Comparison

DFSU's dividend yield for the trailing twelve months is around 0.83%, less than DFAS's 0.90% yield.

Position	TTM	2025	2024	2023	2022	2021
DFAS Dimensional U.S. Small Cap ETF	0.90%	0.99%	0.93%	1.00%	1.03%	2.87%
DFSU Dimensional US Sustainability Core 1 ETF	0.83%	0.85%	0.96%	1.03%	0.21%	0.00%

Frequently Asked Questions

Can I hold both DFSU and DFAS in my portfolio?

DFSU and DFAS have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFSU or DFAS?

DFAS has higher volatility (4.70%) compared to DFSU (4.16%). In terms of maximum drawdown, DFSU dropped -19.88% vs DFAS's -26.13%.

Which ETF is better, DFSU or DFAS?

On 3-year performance, DFSU leads with 19.48% vs 16.27% for DFAS. On fees, DFSU is cheaper at 0.18% per year. On volatility, DFSU has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFSU or DFAS?

Over the 3-year period, DFSU has performed better with a 19.48% return vs 16.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFSU or DFAS?

DFSU is cheaper with a 0.18% expense ratio, compared with 0.26% for DFAS.

Which ETF pays a higher dividend yield, DFSU or DFAS?

DFAS has the higher dividend yield at 0.90%, compared with 0.83% for DFSU.

What is the main difference between DFSU and DFAS?

DFSU is categorized as Large Cap Blend Equities, while DFAS is Small Cap Blend Equities. Their fees differ too: 0.18% for DFSU and 0.26% for DFAS.

Which has better risk-adjusted returns?

DFAS currently has the higher Sharpe Ratio (1.85 vs 1.76), 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.