HAMVX vs. DFSV

Last updated Apr 1, 2026

Compare and contrast key facts about Harbor Mid Cap Value Fund (HAMVX) and Dimensional US Small Cap Value ETF (DFSV).

HAMVX is managed by Harbor. It was launched on Mar 1, 2002. DFSV is an actively managed fund by Dimensional. It was launched on Feb 23, 2022.

Performance

HAMVX vs. DFSV - Performance Comparison

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

HAMVX vs. DFSV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HAMVX Harbor Mid Cap Value Fund	2.65%	16.00%	12.10%	16.42%	-2.36%
DFSV Dimensional US Small Cap Value ETF	6.90%	8.59%	7.13%	19.26%	0.60%

Returns By Period

In the year-to-date period, HAMVX achieves a 2.65% return, which is significantly lower than DFSV's 6.90% return.

HAMVX

• 1D: -0.42%
• 1M: -5.24%
• YTD: 2.65%
• 6M: 6.88%
• 1Y: 22.26%
• 3Y*: 15.51%
• 5Y*: 9.83%
• 10Y*: 9.17%

DFSV

• 1D: 1.98%
• 1M: -3.01%
• YTD: 6.90%
• 6M: 10.89%
• 1Y: 26.57%
• 3Y*: 13.70%
• 5Y*: —
• 10Y*: —

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

HAMVX vs. DFSV - Expense Ratio Comparison

HAMVX has a 0.85% expense ratio, which is higher than DFSV's 0.31% expense ratio.

HAMVX

Harbor Mid Cap Value Fund

DFSV

Dimensional US Small Cap Value ETF

Return for Risk

HAMVX vs. DFSV — Risk / Return Rank

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

HAMVX

HAMVX Risk / Return Rank: 70
HAMVX Sharpe Ratio Rank: 69
HAMVX Sortino Ratio Rank: 73
HAMVX Omega Ratio Rank: 68
HAMVX Calmar Ratio Rank: 67
HAMVX Martin Ratio Rank: 73

DFSV

DFSV Risk / Return Rank: 68
DFSV Sharpe Ratio Rank: 66
DFSV Sortino Ratio Rank: 69
DFSV Omega Ratio Rank: 66
DFSV Calmar Ratio Rank: 71
DFSV Martin Ratio Rank: 68

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.

HAMVX vs. DFSV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Mid Cap Value Fund (HAMVX) and Dimensional US Small Cap Value ETF (DFSV). 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.

	HAMVX	DFSV	Difference
Sharpe ratio Return per unit of total volatility	1.22	1.12	+0.10
Sortino ratio Return per unit of downside risk	1.80	1.67	+0.13
Omega ratio Gain probability vs. loss probability	1.25	1.23	+0.02
Calmar ratio Return relative to maximum drawdown	1.53	1.73	-0.20
Martin ratio Return relative to average drawdown	6.94	6.49	+0.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HAMVX vs. DFSV - Sharpe Ratio Comparison

The current HAMVX Sharpe Ratio is 1.22, which is comparable to the DFSV Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of HAMVX and DFSV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HAMVX	DFSV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	1.12	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.46	-0.08

Correlation

The correlation between HAMVX and DFSV is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

HAMVX vs. DFSV - Dividend Comparison

HAMVX's dividend yield for the trailing twelve months is around 8.45%, more than DFSV's 1.53% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HAMVX Harbor Mid Cap Value Fund	8.45%	8.67%	5.77%	7.20%	8.24%	1.27%	2.35%	3.10%	8.41%	3.84%	3.06%	3.30%
DFSV Dimensional US Small Cap Value ETF	1.53%	1.53%	1.31%	1.29%	0.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

HAMVX vs. DFSV - Drawdown Comparison

The maximum HAMVX drawdown since its inception was -64.17%, which is greater than DFSV's maximum drawdown of -28.02%. Use the drawdown chart below to compare losses from any high point for HAMVX and DFSV.

Drawdown Indicators

	HAMVX	DFSV	Difference
Max Drawdown Largest peak-to-trough decline	-64.17%	-28.02%	-36.15%
Max Drawdown (1Y) Largest decline over 1 year	-13.67%	-15.38%	+1.71%
Max Drawdown (5Y) Largest decline over 5 years	-21.04%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.44%	—	—
Current Drawdown Current decline from peak	-6.31%	-5.67%	-0.64%
Average Drawdown Average peak-to-trough decline	-10.05%	-6.93%	-3.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	4.11%	-1.09%

Volatility

HAMVX vs. DFSV - Volatility Comparison

The current volatility for Harbor Mid Cap Value Fund (HAMVX) is 4.05%, while Dimensional US Small Cap Value ETF (DFSV) has a volatility of 5.36%. This indicates that HAMVX experiences smaller price fluctuations and is considered to be less risky than DFSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HAMVX	DFSV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	5.36%	-1.31%
Volatility (6M) Calculated over the trailing 6-month period	9.89%	13.02%	-3.13%
Volatility (1Y) Calculated over the trailing 1-year period	19.00%	23.83%	-4.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.92%	22.56%	-3.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.89%	22.56%	-0.67%