DFSV vs. VTWV

Last updated Aug 2, 2026

DFSV (Dimensional US Small Cap Value ETF) and VTWV (Vanguard Russell 2000 Value ETF) are both Small Cap Value Equities funds. DFSV is actively managed, while VTWV is passively managed. Over the past 3 years, DFSV returned 14.56%/yr vs 16.02%/yr for VTWV. Their 0.96 correlation means they have historically moved very closely together. DFSV charges 0.31%/yr vs 0.06%/yr for VTWV.

Performance

DFSV vs. VTWV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional US Small Cap Value ETF (DFSV) and Vanguard Russell 2000 Value ETF (VTWV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFSV achieves a 21.42% return, which is significantly lower than VTWV's 22.89% return.

DFSV

• 1D: 0.00%
• 1M: 2.56%
• 6M: 13.68%
• YTD: 21.42%
• 1Y: 37.95%
• 3Y*: 14.56%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.17%

VTWV

• 1D: -0.38%
• 1M: -0.07%
• 6M: 15.09%
• YTD: 22.89%
• 1Y: 43.58%
• 3Y*: 16.02%
• 5Y*: 9.00%
• 10Y*: 10.42%
• ALL TIME*: 10.75%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DFSV Dimensional US Small Cap Value ETF	$29.48M	$29.48M	$35.45M
VTWV Vanguard Russell 2000 Value ETF	$6.82M	$6.63M	$5.67M

DFSV vs. VTWV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DFSV Dimensional US Small Cap Value ETF	21.42%	8.59%	7.13%	19.26%	2.68%
VTWV Vanguard Russell 2000 Value ETF	22.89%	12.72%	7.83%	14.67%	-6.73%

Correlation

The correlation between DFSV and VTWV is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.97

The correlation between DFSV and VTWV has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

DFSV vs. VTWV - Sectors Allocation Comparison

Sectors	DFSV	VTWV
Financial Services	28.5%	27.6%
Industrials	16.1%	12.0%
Consumer Cyclical	14.9%	10.1%
Energy	11.1%	5.6%
Technology	7.8%	7.3%
Healthcare	7.3%	10.9%
Consumer Defensive	5.6%	3.2%
Basic Materials	4.7%	4.2%
Communication Services	2.6%	2.5%
Real Estate	0.9%	11.3%
Utilities	0.6%	5.1%

Return for Risk

DFSV vs. VTWV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DFSV

DFSV Risk / Return Rank: 88
DFSV Sharpe Ratio Rank: 88
DFSV Sortino Ratio Rank: 89
DFSV Omega Ratio Rank: 86
DFSV Calmar Ratio Rank: 90
DFSV Martin Ratio Rank: 87

VTWV

VTWV Risk / Return Rank: 92
VTWV Sharpe Ratio Rank: 91
VTWV Sortino Ratio Rank: 91
VTWV Omega Ratio Rank: 88
VTWV Calmar Ratio Rank: 94
VTWV Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DFSV vs. VTWV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional US Small Cap Value ETF (DFSV) and Vanguard Russell 2000 Value ETF (VTWV). 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.

	DFSV	VTWV	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.31	-0.21
Sortino ratio: Return per unit of downside risk	3.06	3.28	-0.22
Omega ratio: Gain probability vs. loss probability	1.38	1.40	-0.02
Calmar ratio: Return relative to maximum drawdown	3.75	4.73	-0.97
Martin ratio: Return relative to average drawdown	12.62	17.24	-4.62

DFSV vs. VTWV - Sharpe Ratio Comparison

The current DFSV Sharpe Ratio is 2.10, which is comparable to the VTWV Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of DFSV and VTWV, 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

DFSV vs. VTWV - Drawdown Comparison

The maximum DFSV drawdown since its inception was -28.02%, smaller than the maximum VTWV drawdown of -45.73%. Use the drawdown chart below to compare losses from any high point for DFSV and VTWV.

Drawdown Indicators

	DFSV	VTWV	Difference
Max Drawdown Largest peak-to-trough decline	-28.02%	-45.73%	+17.71%
Max Drawdown (1Y) Largest decline over 1 year	-9.39%	-8.64%	-0.75%
Max Drawdown (3Y) Largest decline over 3 years	-28.02%	-26.72%	-1.30%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.72%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.73%	—
Current Drawdown Current decline from peak	-0.75%	-1.38%	+0.63%
Average Drawdown Average peak-to-trough decline	-6.49%	-7.74%	+1.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	2.37%	+0.42%

Volatility

DFSV vs. VTWV - Volatility Comparison

Dimensional US Small Cap Value ETF (DFSV) and Vanguard Russell 2000 Value ETF (VTWV) have volatilities of 3.40% and 3.31%, 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.

Volatility by Period

	DFSV	VTWV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	3.31%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	10.52%	12.16%	-1.64%
Volatility (1Y) Calculated over the trailing 1-year period	16.87%	17.75%	-0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.98%	21.53%	+0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.98%	23.48%	-1.50%

DFSV vs. VTWV - Expense Ratio Comparison

DFSV has a 0.31% expense ratio, which is higher than VTWV's 0.06% expense ratio.

Dividends

DFSV vs. VTWV - Dividend Comparison

DFSV's dividend yield for the trailing twelve months is around 1.35%, less than VTWV's 1.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFSV Dimensional US Small Cap Value ETF	1.35%	1.53%	1.31%	1.29%	0.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VTWV Vanguard Russell 2000 Value ETF	1.60%	1.79%	1.78%	2.02%	2.07%	1.60%	1.49%	1.82%	2.04%	1.63%	1.57%	2.03%

Frequently Asked Questions

Can I hold both DFSV and VTWV in my portfolio?

With a correlation of 0.92, DFSV and VTWV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DFSV or VTWV?

DFSV has higher volatility (3.40%) compared to VTWV (3.31%). In terms of maximum drawdown, DFSV dropped -28.02% vs VTWV's -45.73%.

Which ETF is better, DFSV or VTWV?

On 3-year performance, VTWV leads with 16.02% vs 14.56% for DFSV. On fees, VTWV is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFSV or VTWV?

Over the 3-year period, VTWV has performed better with a 16.02% return vs 14.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFSV or VTWV?

VTWV is cheaper with a 0.06% expense ratio, compared with 0.31% for DFSV.

Which ETF pays a higher dividend yield, DFSV or VTWV?

VTWV has the higher dividend yield at 1.60%, compared with 1.35% for DFSV.

What is the main difference between DFSV and VTWV?

They also come from different issuers: Dimensional and Vanguard. Their fees differ too: 0.31% for DFSV and 0.06% for VTWV.

Which has better risk-adjusted returns?

VTWV currently has the higher Sharpe Ratio (2.31 vs 2.10), 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.