JPSV vs. DFAT

Last updated Jun 26, 2026

JPSV (Jpmorgan Active Small Cap Value ETF) and DFAT (Dimensional U.S. Targeted Value ETF) are both Small Cap Value Equities funds. Both are actively managed. Over the past 3 years, JPSV returned 13.80%/yr vs 17.61%/yr for DFAT. With a 0.96 correlation, they move nearly in lockstep. JPSV charges 0.74%/yr vs 0.28%/yr for DFAT.

Performance

JPSV vs. DFAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jpmorgan Active Small Cap Value ETF (JPSV) and Dimensional U.S. Targeted Value ETF (DFAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with JPSV having a 17.70% return and DFAT slightly lower at 17.69%.

JPSV

• 1D: 0.78%
• 1M: 5.25%
• YTD: 17.70%
• 6M: 15.82%
• 1Y: 24.52%
• 3Y*: 13.80%
• 5Y*: —
• 10Y*: —

DFAT

• 1D: 0.94%
• 1M: 3.34%
• YTD: 17.69%
• 6M: 15.73%
• 1Y: 33.39%
• 3Y*: 17.61%
• 5Y*: 10.56%
• 10Y*: —

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

JPSV vs. DFAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPSV Jpmorgan Active Small Cap Value ETF	17.70%	0.63%	8.73%	9.99%
DFAT Dimensional U.S. Targeted Value ETF	17.69%	8.73%	7.80%	12.30%

Correlation

The correlation between JPSV and DFAT 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 Mar 8, 2023	0.96

The correlation between JPSV and DFAT has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

JPSV vs. DFAT - Sectors Allocation Comparison

Sectors	JPSV	DFAT
Financial Services	25.3%	27.9%
Industrials	12.4%	16.2%
Consumer Cyclical	9.8%	14.9%
Real Estate	9.0%	0.8%
Technology	8.3%	9.4%
Communication Services	6.0%	1.8%
Utilities	5.4%	0.4%
Healthcare	5.2%	6.4%
Energy	5.2%	10.5%
Basic Materials	4.9%	4.8%
Consumer Defensive	2.4%	6.9%

Return for Risk

JPSV vs. DFAT — Risk / Return Rank

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

JPSV

JPSV Risk / Return Rank: 54
JPSV Sharpe Ratio Rank: 52
JPSV Sortino Ratio Rank: 57
JPSV Omega Ratio Rank: 51
JPSV Calmar Ratio Rank: 63
JPSV Martin Ratio Rank: 48

DFAT

DFAT Risk / Return Rank: 73
DFAT Sharpe Ratio Rank: 72
DFAT Sortino Ratio Rank: 76
DFAT Omega Ratio Rank: 70
DFAT Calmar Ratio Rank: 78
DFAT Martin Ratio Rank: 71

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.

JPSV vs. DFAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Active Small Cap Value ETF (JPSV) and Dimensional U.S. Targeted Value ETF (DFAT). 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.

	JPSV	DFAT	Difference
Sharpe ratio: Return per unit of total volatility	1.58	2.00	-0.42
Sortino ratio: Return per unit of downside risk	2.39	2.93	-0.53
Omega ratio: Gain probability vs. loss probability	1.28	1.36	-0.07
Calmar ratio: Return relative to maximum drawdown	2.73	3.51	-0.78
Martin ratio: Return relative to average drawdown	7.37	11.27	-3.90

JPSV vs. DFAT - Sharpe Ratio Comparison

The current JPSV Sharpe Ratio is 1.58, which is comparable to the DFAT Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of JPSV and DFAT, 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

JPSV vs. DFAT - Drawdown Comparison

The maximum JPSV drawdown since its inception was -22.78%, smaller than the maximum DFAT drawdown of -26.12%. Use the drawdown chart below to compare losses from any high point for JPSV and DFAT.

Drawdown Indicators

	JPSV	DFAT	Difference
Max Drawdown Largest peak-to-trough decline	-22.78%	-26.12%	+3.34%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-9.55%	+0.53%
Max Drawdown (3Y) Largest decline over 3 years	-22.78%	-26.12%	+3.34%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.12%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.53%	-6.23%	+0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.33%	2.97%	+0.36%

Volatility

JPSV vs. DFAT - Volatility Comparison

The current volatility for Jpmorgan Active Small Cap Value ETF (JPSV) is 3.71%, while Dimensional U.S. Targeted Value ETF (DFAT) has a volatility of 3.93%. This indicates that JPSV experiences smaller price fluctuations and is considered to be less risky than DFAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPSV	DFAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.71%	3.93%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	10.15%	10.97%	-0.82%
Volatility (1Y) Calculated over the trailing 1-year period	15.59%	16.78%	-1.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.85%	21.39%	-3.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.85%	21.42%	-3.57%

JPSV vs. DFAT - Expense Ratio Comparison

JPSV has a 0.74% expense ratio, which is higher than DFAT's 0.28% expense ratio.

Dividends

JPSV vs. DFAT - Dividend Comparison

JPSV's dividend yield for the trailing twelve months is around 1.20%, less than DFAT's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021
DFAT Dimensional U.S. Targeted Value ETF	1.38%	1.55%	1.31%	1.34%	1.34%	1.13%
JPSV Jpmorgan Active Small Cap Value ETF	1.20%	1.42%	1.21%	1.09%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JPSV and DFAT in my portfolio?

With a correlation of 0.93, JPSV and DFAT 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, JPSV or DFAT?

DFAT has higher volatility (3.93%) compared to JPSV (3.71%). In terms of maximum drawdown, JPSV dropped -22.78% vs DFAT's -26.12%.

Which ETF is better, JPSV or DFAT?

On 3-year performance, DFAT leads with 17.61% vs 13.80% for JPSV. On fees, DFAT is cheaper at 0.28% per year. On volatility, JPSV has been the lower-risk option at 3.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPSV or DFAT?

Over the 3-year period, DFAT has performed better with a 17.61% return vs 13.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPSV or DFAT?

DFAT is cheaper with a 0.28% expense ratio, compared with 0.74% for JPSV.

Which ETF pays a higher dividend yield, JPSV or DFAT?

DFAT has the higher dividend yield at 1.38%, compared with 1.20% for JPSV.

What is the main difference between JPSV and DFAT?

They also come from different issuers: JPMorgan and Dimensional. Their fees differ too: 0.74% for JPSV and 0.28% for DFAT.

Which has better risk-adjusted returns?

DFAT currently has the higher Sharpe Ratio (2.00 vs 1.58), 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.