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DFSV vs. XSVM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DFSV vs. XSVM

Last updated Jun 24, 2026

DFSV (Dimensional US Small Cap Value ETF) and XSVM (Invesco S&P SmallCap Value with Momentum ETF) are both exchange-traded funds - DFSV is a Small Cap Value Equities fund actively managed by Dimensional, while XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index. DFSV is actively managed, while XSVM is passively managed. Over the past 3 years, DFSV returned 17.20%/yr vs 17.66%/yr for XSVM. With a 0.95 correlation, they move nearly in lockstep. DFSV charges 0.31%/yr vs 0.37%/yr for XSVM.

Performance

DFSV vs. XSVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional US Small Cap Value ETF (DFSV) and Invesco S&P SmallCap Value with Momentum ETF (XSVM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DFSV achieves a 16.11% return, which is significantly lower than XSVM's 20.98% return.

DFSV

1D
-0.44%
1M
1.71%
YTD
16.11%
6M
14.47%
1Y
33.13%
3Y*
17.20%
5Y*
—
10Y*
—

XSVM

1D
0.77%
1M
3.66%
YTD
20.98%
6M
18.82%
1Y
37.12%
3Y*
17.66%
5Y*
7.87%
10Y*
13.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DFSV vs. XSVM - Yearly Performance Comparison

2026 (YTD)2025202420232022
DFSV
Dimensional US Small Cap Value ETF		16.11%8.59%7.13%19.26%2.68%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		20.98%7.47%2.30%20.20%-9.27%

Correlation

The correlation between DFSV and XSVM is 0.93, 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

0.93

Correlation (3Y)
Calculated over the trailing 3-year period

0.95

Correlation (All Time)
Calculated using the full available price history since Feb 24, 2022

0.96

The correlation between DFSV and XSVM has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

DFSV vs. XSVM - Sectors Allocation Comparison

Sectors
DFSV
XSVM

Financial Services

27.5%
38.7%

Industrials

15.3%
6.3%

Consumer Cyclical

14.7%
17.4%

Energy

12.1%
9.3%

Technology

8.5%
9.5%

Healthcare

6.9%
1.1%

Consumer Defensive

5.7%
6.9%

Basic Materials

5.2%
2.0%

Communication Services

2.7%
2.8%

Real Estate

0.8%
4.8%

Utilities

0.7%
1.2%

Financial Services

DFSV
27.5%
XSVM
38.7%

Industrials

DFSV
15.3%
XSVM
6.3%

Consumer Cyclical

DFSV
14.7%
XSVM
17.4%

Energy

DFSV
12.1%
XSVM
9.3%

Technology

DFSV
8.5%
XSVM
9.5%

Healthcare

DFSV
6.9%
XSVM
1.1%

Consumer Defensive

DFSV
5.7%
XSVM
6.9%

Basic Materials

DFSV
5.2%
XSVM
2.0%

Communication Services

DFSV
2.7%
XSVM
2.8%

Real Estate

DFSV
0.8%
XSVM
4.8%

Utilities

DFSV
0.7%
XSVM
1.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Dimensional US Small Cap Value ETF

Invesco S&P SmallCap Value with Momentum ETF

Often compared with DFSV:
DFSV vs. AVUVDFSV vs. DFSVXDFSV vs. AVDVDFSV vs. SPSMDFSV vs. SMCFDFSV vs. VTIDFSV vs. SPY
Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX

Return for Risk

DFSV vs. XSVM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DFSV
DFSV Risk / Return Rank: 6363
Overall Rank
DFSV Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
DFSV Sortino Ratio Rank: 6262
Sortino Ratio Rank
DFSV Omega Ratio Rank: 5656
Omega Ratio Rank
DFSV Calmar Ratio Rank: 7373
Calmar Ratio Rank
DFSV Martin Ratio Rank: 6565
Martin Ratio Rank
XSVM
XSVM Risk / Return Rank: 6767
Overall Rank
XSVM Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 6767
Sortino Ratio Rank
XSVM Omega Ratio Rank: 6262
Omega Ratio Rank
XSVM Calmar Ratio Rank: 7676
Calmar Ratio Rank
XSVM Martin Ratio Rank: 6666
Martin Ratio Rank
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.

DFSV vs. XSVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional US Small Cap Value ETF (DFSV) and Invesco S&P SmallCap Value with Momentum ETF (XSVM). 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.

DFSVXSVMDifference
Sharpe ratioReturn per unit of total volatility
1.89
2.03

-0.13

Sortino ratioReturn per unit of downside risk
2.77
2.93

-0.16

Omega ratioGain probability vs. loss probability

1.33

1.36

-0.02

Calmar ratioReturn relative to maximum drawdown

3.54

3.70

-0.16

Martin ratioReturn relative to average drawdown

11.27

11.45

-0.18

DFSV vs. XSVM - Sharpe Ratio Comparison

The current DFSV Sharpe Ratio is 1.89, which is comparable to the XSVM Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of DFSV and XSVM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DFSV vs. XSVM - Drawdown Comparison

The maximum DFSV drawdown since its inception was -28.02%, smaller than the maximum XSVM drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for DFSV and XSVM.

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Drawdown Indicators

DFSVXSVMDifference

Max Drawdown

Largest peak-to-trough decline

-28.02%

-62.57%

+34.55%

Max Drawdown (1Y)

Largest decline over 1 year

-9.39%

-10.08%

+0.69%

Max Drawdown (3Y)

Largest decline over 3 years

-28.02%

-26.21%

-1.81%

Max Drawdown (5Y)

Largest decline over 5 years

—

-26.21%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-49.02%

—

Current Drawdown

Current decline from peak

-2.39%

-0.73%

-1.66%

Average Drawdown

Average peak-to-trough decline

-6.64%

-11.54%

+4.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.95%

3.25%

-0.30%

Volatility

DFSV vs. XSVM - Volatility Comparison

The current volatility for Dimensional US Small Cap Value ETF (DFSV) is 4.08%, while Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a volatility of 4.63%. This indicates that DFSV experiences smaller price fluctuations and is considered to be less risky than XSVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DFSVXSVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.08%

4.63%

-0.55%

Volatility (6M)

Calculated over the trailing 6-month period

11.28%

12.28%

-1.00%

Volatility (1Y)

Calculated over the trailing 1-year period

17.61%

18.54%

-0.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.19%

22.55%

-0.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.19%

25.07%

-2.88%

DFSV vs. XSVM - Expense Ratio Comparison

DFSV has a 0.31% expense ratio, which is lower than XSVM's 0.37% expense ratio.

Dividends

DFSV vs. XSVM - Dividend Comparison

DFSV's dividend yield for the trailing twelve months is around 1.41%, less than XSVM's 1.82% yield.

PositionTTM20252024202320222021202020192018201720162015
DFSV
Dimensional US Small Cap Value ETF		1.41%1.53%1.31%1.29%0.90%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		1.82%2.29%1.69%1.31%1.79%1.23%1.21%1.22%2.54%1.90%2.29%2.68%

Frequently Asked Questions

With a correlation of 0.93, DFSV and XSVM 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.

XSVM has higher volatility (4.63%) compared to DFSV (4.08%). In terms of maximum drawdown, DFSV dropped -28.02% vs XSVM's -62.57%.

On 3-year performance, XSVM leads with 17.66% vs 17.20% for DFSV. On fees, DFSV is cheaper at 0.31% per year. On volatility, DFSV has been the lower-risk option at 4.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, XSVM has performed better with a 17.66% return vs 17.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DFSV is cheaper with a 0.31% expense ratio, compared with 0.37% for XSVM.

XSVM has the higher dividend yield at 1.82%, compared with 1.41% for DFSV.

DFSV is categorized as Small Cap Value Equities, while XSVM is Momentum. They also come from different issuers: Dimensional and Invesco. Their fees differ too: 0.31% for DFSV and 0.37% for XSVM.

XSVM currently has the higher Sharpe Ratio (2.03 vs 1.89), 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.

Portfolio Optimizer

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