DFSU vs. USMV

Last updated Jul 14, 2026

DFSU (Dimensional US Sustainability Core 1 ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both Large Cap Blend Equities funds. DFSU is actively managed, while USMV is passively managed. Over the past 3 years, DFSU returned 18.49%/yr vs 11.43%/yr for USMV. A 0.70 correlation means they provide meaningful diversification when combined. DFSU charges 0.18%/yr vs 0.15%/yr for USMV.

Performance

DFSU vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional US Sustainability Core 1 ETF (DFSU) and iShares MSCI USA Min Vol Factor ETF (USMV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFSU achieves a 9.07% return, which is significantly higher than USMV's 4.64% return.

DFSU

• 1D: -0.59%
• 1M: 2.20%
• 6M: 6.45%
• YTD: 9.07%
• 1Y: 19.96%
• 3Y*: 18.49%
• 5Y*: —
• 10Y*: —

USMV

• 1D: 0.06%
• 1M: 2.16%
• 6M: 3.87%
• YTD: 4.64%
• 1Y: 7.10%
• 3Y*: 11.43%
• 5Y*: 7.16%
• 10Y*: 9.58%

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

DFSU vs. USMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DFSU Dimensional US Sustainability Core 1 ETF	9.07%	15.65%	22.96%	26.27%	0.90%
USMV iShares MSCI USA Min Vol Factor ETF	4.64%	7.65%	15.74%	10.33%	1.87%

Correlation

The correlation between DFSU and USMV is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (All Time) Calculated using the full available price history since Nov 2, 2022	0.70

The correlation between DFSU and USMV shifts across timeframes, from 0.56 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.

DFSU vs. USMV - Sectors Allocation Comparison

Sectors	DFSU	USMV
Financial Services	21.0%	11.7%
Consumer Cyclical	17.2%	5.7%
Healthcare	15.5%	12.6%
Industrials	15.0%	6.1%
Technology	13.0%	33.9%
Communication Services	8.3%	6.2%
Consumer Defensive	3.8%	9.4%
Basic Materials	2.9%	2.4%
Energy	2.1%	2.7%
Utilities	1.1%	6.9%
Real Estate	0.1%	2.5%

Return for Risk

DFSU vs. USMV — Risk / Return Rank

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

DFSU

DFSU Risk / Return Rank: 55
DFSU Sharpe Ratio Rank: 56
DFSU Sortino Ratio Rank: 56
DFSU Omega Ratio Rank: 55
DFSU Calmar Ratio Rank: 49
DFSU Martin Ratio Rank: 61

USMV

USMV Risk / Return Rank: 28
USMV Sharpe Ratio Rank: 29
USMV Sortino Ratio Rank: 26
USMV Omega Ratio Rank: 25
USMV Calmar Ratio Rank: 28
USMV Martin Ratio Rank: 31

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. USMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional US Sustainability Core 1 ETF (DFSU) and iShares MSCI USA Min Vol Factor ETF (USMV). 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	USMV	Difference
Sharpe ratio: Return per unit of total volatility	1.51	0.84	+0.67
Sortino ratio: Return per unit of downside risk	2.15	1.23	+0.92
Omega ratio: Gain probability vs. loss probability	1.27	1.15	+0.12
Calmar ratio: Return relative to maximum drawdown	1.98	1.10	+0.88
Martin ratio: Return relative to average drawdown	8.50	3.61	+4.89

DFSU vs. USMV - Sharpe Ratio Comparison

The current DFSU Sharpe Ratio is 1.51, which is higher than the USMV Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of DFSU and USMV, 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. USMV - Drawdown Comparison

The maximum DFSU drawdown since its inception was -19.88%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for DFSU and USMV.

Drawdown Indicators

	DFSU	USMV	Difference
Max Drawdown Largest peak-to-trough decline	-19.88%	-33.10%	+13.22%
Max Drawdown (1Y) Largest decline over 1 year	-10.12%	-6.46%	-3.66%
Max Drawdown (3Y) Largest decline over 3 years	-19.88%	-9.36%	-10.52%
Max Drawdown (5Y) Largest decline over 5 years	—	-17.93%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.10%	—
Current Drawdown Current decline from peak	-0.59%	-0.54%	-0.05%
Average Drawdown Average peak-to-trough decline	-2.61%	-2.87%	+0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	1.97%	+0.38%

Volatility

DFSU vs. USMV - Volatility Comparison

Dimensional US Sustainability Core 1 ETF (DFSU) has a higher volatility of 3.41% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.54%. This indicates that DFSU's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFSU	USMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	2.54%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	10.25%	6.22%	+4.03%
Volatility (1Y) Calculated over the trailing 1-year period	13.31%	8.48%	+4.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	12.36%	+3.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.18%	14.49%	+1.69%

DFSU vs. USMV - Expense Ratio Comparison

DFSU has a 0.18% expense ratio, which is higher than USMV's 0.15% expense ratio. However, 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. USMV - Dividend Comparison

DFSU's dividend yield for the trailing twelve months is around 0.83%, less than USMV's 1.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFSU Dimensional US Sustainability Core 1 ETF	0.83%	0.85%	0.96%	1.03%	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USMV iShares MSCI USA Min Vol Factor ETF	1.48%	1.49%	1.67%	1.82%	1.62%	1.26%	1.81%	1.88%	2.12%	1.77%	2.22%	2.02%

Frequently Asked Questions

Can I hold both DFSU and USMV in my portfolio?

DFSU and USMV have a correlation of 0.56, 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 USMV?

DFSU has higher volatility (3.41%) compared to USMV (2.54%). In terms of maximum drawdown, DFSU dropped -19.88% vs USMV's -33.10%.

Which ETF is better, DFSU or USMV?

On 3-year performance, DFSU leads with 18.49% vs 11.43% for USMV. On fees, USMV is cheaper at 0.15% per year. On volatility, USMV has been the lower-risk option at 2.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFSU or USMV?

Over the 3-year period, DFSU has performed better with a 18.49% return vs 11.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFSU or USMV?

USMV is cheaper with a 0.15% expense ratio, compared with 0.18% for DFSU.

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

USMV has the higher dividend yield at 1.48%, compared with 0.83% for DFSU.

What is the main difference between DFSU and USMV?

They also come from different issuers: Dimensional and iShares. Their fees differ too: 0.18% for DFSU and 0.15% for USMV.

Which has better risk-adjusted returns?

DFSU currently has the higher Sharpe Ratio (1.51 vs 0.84), 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.