DFSVX vs. VTV

Last updated Jun 4, 2026

DFSVX (DFA U.S. Small Cap Value Portfolio I) and VTV (Vanguard Value ETF) are both funds - DFSVX is a Small Cap Value Equities fund managed by Dimensional, while VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Over the past 10 years, DFSVX returned 11.50%/yr vs 12.48%/yr for VTV. Their correlation of 0.86 suggests significant overlap in exposure. DFSVX charges 0.30%/yr vs 0.04%/yr for VTV.

Performance

DFSVX vs. VTV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA U.S. Small Cap Value Portfolio I (DFSVX) and Vanguard Value ETF (VTV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFSVX achieves a 16.32% return, which is significantly higher than VTV's 12.30% return. Over the past 10 years, DFSVX has underperformed VTV with an annualized return of 11.50%, while VTV has yielded a comparatively higher 12.48% annualized return.

DFSVX

• 1D: 0.96%
• 1M: 2.50%
• YTD: 16.32%
• 6M: 15.74%
• 1Y: 34.94%
• 3Y*: 18.16%
• 5Y*: 10.22%
• 10Y*: 11.50%

VTV

• 1D: 0.01%
• 1M: 4.23%
• YTD: 12.30%
• 6M: 13.12%
• 1Y: 26.25%
• 3Y*: 18.28%
• 5Y*: 11.24%
• 10Y*: 12.48%

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

DFSVX vs. VTV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFSVX DFA U.S. Small Cap Value Portfolio I	16.32%	8.37%	9.58%	19.02%	-3.57%	39.97%	2.24%	18.15%	-15.13%	6.82%
VTV Vanguard Value ETF	12.30%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%

Correlation

The correlation between DFSVX and VTV is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Feb 2, 2004	0.86

The correlation between DFSVX and VTV has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.

Return for Risk

DFSVX vs. VTV — Risk / Return Rank

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

DFSVX

DFSVX Risk / Return Rank: 61
DFSVX Sharpe Ratio Rank: 53
DFSVX Sortino Ratio Rank: 54
DFSVX Omega Ratio Rank: 48
DFSVX Calmar Ratio Rank: 84
DFSVX Martin Ratio Rank: 64

VTV

VTV Risk / Return Rank: 79
VTV Sharpe Ratio Rank: 78
VTV Sortino Ratio Rank: 82
VTV Omega Ratio Rank: 77
VTV Calmar Ratio Rank: 79
VTV Martin Ratio Rank: 79

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.

DFSVX vs. VTV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA U.S. Small Cap Value Portfolio I (DFSVX) and Vanguard Value ETF (VTV). 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.

	DFSVX	VTV	Difference
Sharpe ratio Return per unit of total volatility	2.15	2.61	-0.46
Sortino ratio Return per unit of downside risk	3.11	3.74	-0.63
Omega ratio Gain probability vs. loss probability	1.38	1.47	-0.09
Calmar ratio Return relative to maximum drawdown	3.93	4.15	-0.23
Martin ratio Return relative to average drawdown	12.54	15.69	-3.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFSVX vs. VTV - Sharpe Ratio Comparison

The current DFSVX Sharpe Ratio is 2.15, which is comparable to the VTV Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of DFSVX and VTV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DFSVX	VTV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	2.61	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.81	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.75	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.51	+0.01

Drawdowns

DFSVX vs. VTV - Drawdown Comparison

The maximum DFSVX drawdown since its inception was -66.70%, which is greater than VTV's maximum drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for DFSVX and VTV.

Drawdown Indicators

	DFSVX	VTV	Difference
Max Drawdown Largest peak-to-trough decline	-66.70%	-59.27%	-7.43%
Max Drawdown (1Y) Largest decline over 1 year	-9.59%	-6.35%	-3.24%
Max Drawdown (3Y) Largest decline over 3 years	-27.69%	-14.52%	-13.17%
Max Drawdown (5Y) Largest decline over 5 years	-27.69%	-17.04%	-10.65%
Max Drawdown (10Y) Largest decline over 10 years	-52.12%	-36.78%	-15.34%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.47%	-7.87%	-1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	1.68%	+1.31%

Volatility

DFSVX vs. VTV - Volatility Comparison

DFA U.S. Small Cap Value Portfolio I (DFSVX) has a higher volatility of 4.26% compared to Vanguard Value ETF (VTV) at 2.52%. This indicates that DFSVX's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFSVX	VTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	2.52%	+1.74%
Volatility (6M) Calculated over the trailing 6-month period	11.34%	7.55%	+3.79%
Volatility (1Y) Calculated over the trailing 1-year period	17.53%	10.11%	+7.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.49%	13.88%	+7.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.90%	16.67%	+7.23%

DFSVX vs. VTV - Expense Ratio Comparison

DFSVX has a 0.30% expense ratio, which is higher than VTV's 0.04% expense ratio.

Dividends

DFSVX vs. VTV - Dividend Comparison

DFSVX's dividend yield for the trailing twelve months is around 1.50%, less than VTV's 1.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFSVX DFA U.S. Small Cap Value Portfolio I	1.50%	1.69%	1.47%	3.67%	6.77%	10.40%	1.96%	2.83%	7.54%	5.18%	4.18%	5.29%
VTV Vanguard Value ETF	1.86%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both DFSVX and VTV in my portfolio?

DFSVX and VTV have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFSVX or VTV?

DFSVX has higher volatility (4.26%) compared to VTV (2.52%). In terms of maximum drawdown, DFSVX dropped -66.70% vs VTV's -59.27%.

Which has better risk-adjusted returns?

VTV currently has the higher Sharpe Ratio (2.61 vs 2.15), 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.