IWM vs. DFSVX
IWM (iShares Russell 2000 ETF) and DFSVX (DFA U.S. Small Cap Value Portfolio I) are both funds - IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index, while DFSVX is a Small Cap Value Equities fund actively managed by Dimensional. IWM is passively managed, while DFSVX is actively managed. Over the past 10 years, IWM returned 11.27%/yr vs 11.75%/yr for DFSVX. Their correlation of 0.94 suggests significant overlap in exposure. IWM charges 0.19%/yr vs 0.30%/yr for DFSVX.
Performance
IWM vs. DFSVX - Performance Comparison
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Returns By Period
In the year-to-date period, IWM achieves a 19.22% return, which is significantly higher than DFSVX's 17.78% return. Both investments have delivered pretty close results over the past 10 years, with IWM having a 11.27% annualized return and DFSVX not far ahead at 11.75%.
IWM
- 1D
- 0.87%
- 1M
- 2.99%
- YTD
- 19.22%
- 6M
- 16.00%
- 1Y
- 41.75%
- 3Y*
- 17.23%
- 5Y*
- 6.07%
- 10Y*
- 11.27%
DFSVX
- 1D
- 1.63%
- 1M
- 5.78%
- YTD
- 17.78%
- 6M
- 15.07%
- 1Y
- 36.45%
- 3Y*
- 17.62%
- 5Y*
- 10.49%
- 10Y*
- 11.75%
IWM vs. DFSVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWM iShares Russell 2000 ETF | 19.22% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 20.03% | 25.39% | -11.12% | 14.58% |
DFSVX DFA U.S. Small Cap Value Portfolio I | 17.78% | 8.37% | 9.58% | 19.02% | -3.57% | 39.97% | 2.24% | 18.15% | -15.13% | 6.82% |
Correlation
The correlation between IWM and DFSVX is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since May 26, 2000 | 0.94 |
The correlation between IWM and DFSVX has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.
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Return for Risk
IWM vs. DFSVX — Risk / Return Rank
IWM
DFSVX
IWM vs. DFSVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 ETF (IWM) and DFA U.S. Small Cap Value Portfolio I (DFSVX). 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.
| IWM | DFSVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 3.58 | -0.01 |
| Martin ratioReturn relative to average drawdown | 12.63 | 11.45 | +1.18 |
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Drawdowns
IWM vs. DFSVX - Drawdown Comparison
The maximum IWM drawdown since its inception was -59.05%, smaller than the maximum DFSVX drawdown of -66.70%. Use the drawdown chart below to compare losses from any high point for IWM and DFSVX.
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Drawdown Indicators
| IWM | DFSVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.05% | -66.70% | +7.65% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -9.59% | -1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -27.50% | -27.69% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -31.91% | -27.69% | -4.22% |
Max Drawdown (10Y)Largest decline over 10 years | -41.13% | -52.12% | +10.99% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -10.76% | -9.46% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 2.99% | +0.13% |
Volatility
IWM vs. DFSVX - Volatility Comparison
iShares Russell 2000 ETF (IWM) has a higher volatility of 7.16% compared to DFA U.S. Small Cap Value Portfolio I (DFSVX) at 4.27%. This indicates that IWM's price experiences larger fluctuations and is considered to be riskier than DFSVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWM | DFSVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 4.27% | +2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 14.29% | 11.51% | +2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.73% | 17.53% | +2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.61% | 21.50% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.08% | 23.89% | -0.81% |
IWM vs. DFSVX - Expense Ratio Comparison
IWM has a 0.19% expense ratio, which is lower than DFSVX's 0.30% expense ratio.
Dividends
IWM vs. DFSVX - Dividend Comparison
IWM's dividend yield for the trailing twelve months is around 0.87%, less than DFSVX's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFSVX DFA U.S. Small Cap Value Portfolio I | 1.48% | 1.69% | 1.47% | 3.67% | 6.77% | 10.40% | 1.96% | 2.83% | 7.54% | 5.18% | 4.18% | 5.29% |
IWM iShares Russell 2000 ETF | 0.87% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Frequently Asked Questions
IWM and DFSVX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWM has higher volatility (7.16%) compared to DFSVX (4.27%). In terms of maximum drawdown, IWM dropped -59.05% vs DFSVX's -66.70%.
IWM currently has the higher Sharpe Ratio (1.99 vs 1.96), 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.
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