QSMLX vs. DFSVX
Compare and contrast key facts about AQR Small Cap Multi-Style Fund (QSMLX) and DFA U.S. Small Cap Value Portfolio I (DFSVX).
QSMLX is managed by AQR Funds. It was launched on Mar 26, 2013. DFSVX is managed by Dimensional. It was launched on Mar 2, 1993.
Performance
QSMLX vs. DFSVX - Performance Comparison
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QSMLX vs. DFSVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QSMLX AQR Small Cap Multi-Style Fund | 2.92% | 17.41% | 11.02% | 24.01% | -18.31% | 26.54% | 17.99% | 20.42% | -14.26% | 9.33% |
DFSVX DFA U.S. Small Cap Value Portfolio I | 6.83% | 8.37% | 9.58% | 19.02% | -3.57% | 39.97% | 2.24% | 18.15% | -15.13% | 6.82% |
Returns By Period
In the year-to-date period, QSMLX achieves a 2.92% return, which is significantly lower than DFSVX's 6.83% return. Both investments have delivered pretty close results over the past 10 years, with QSMLX having a 10.78% annualized return and DFSVX not far ahead at 10.84%.
QSMLX
- 1D
- 3.37%
- 1M
- -5.18%
- YTD
- 2.92%
- 6M
- 3.93%
- 1Y
- 28.93%
- 3Y*
- 17.99%
- 5Y*
- 7.61%
- 10Y*
- 10.78%
DFSVX
- 1D
- 2.04%
- 1M
- -3.75%
- YTD
- 6.83%
- 6M
- 9.84%
- 1Y
- 25.75%
- 3Y*
- 14.75%
- 5Y*
- 9.70%
- 10Y*
- 10.84%
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QSMLX vs. DFSVX - Expense Ratio Comparison
QSMLX has a 0.72% expense ratio, which is higher than DFSVX's 0.30% expense ratio.
Return for Risk
QSMLX vs. DFSVX — Risk / Return Rank
QSMLX
DFSVX
QSMLX vs. DFSVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Small Cap Multi-Style Fund (QSMLX) 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.
| QSMLX | DFSVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 1.13 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.88 | 1.67 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.46 | 1.56 | +0.91 |
Martin ratioReturn relative to average drawdown | 9.11 | 5.75 | +3.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QSMLX | DFSVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.13 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.45 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.45 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.51 | -0.12 |
Correlation
The correlation between QSMLX and DFSVX is 0.94, 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
QSMLX vs. DFSVX - Dividend Comparison
QSMLX's dividend yield for the trailing twelve months is around 10.02%, more than DFSVX's 1.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QSMLX AQR Small Cap Multi-Style Fund | 10.02% | 10.31% | 13.88% | 6.74% | 0.87% | 6.13% | 1.77% | 0.97% | 13.57% | 10.71% | 2.53% | 0.22% |
DFSVX DFA U.S. Small Cap Value Portfolio I | 1.63% | 1.69% | 1.47% | 3.67% | 6.77% | 10.40% | 1.96% | 2.83% | 7.54% | 5.18% | 4.18% | 5.29% |
Drawdowns
QSMLX vs. DFSVX - Drawdown Comparison
The maximum QSMLX drawdown since its inception was -44.38%, smaller than the maximum DFSVX drawdown of -66.70%. Use the drawdown chart below to compare losses from any high point for QSMLX and DFSVX.
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Drawdown Indicators
| QSMLX | DFSVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.38% | -66.70% | +22.32% |
Max Drawdown (1Y)Largest decline over 1 year | -12.18% | -15.11% | +2.93% |
Max Drawdown (5Y)Largest decline over 5 years | -30.21% | -27.69% | -2.52% |
Max Drawdown (10Y)Largest decline over 10 years | -44.38% | -52.12% | +7.74% |
Current DrawdownCurrent decline from peak | -6.27% | -5.89% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -9.51% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 4.09% | -0.80% |
Volatility
QSMLX vs. DFSVX - Volatility Comparison
AQR Small Cap Multi-Style Fund (QSMLX) has a higher volatility of 7.62% compared to DFA U.S. Small Cap Value Portfolio I (DFSVX) at 5.46%. This indicates that QSMLX'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
| QSMLX | DFSVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 5.46% | +2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 14.88% | 12.88% | +2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.82% | 23.35% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.55% | 21.68% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.16% | 23.92% | -0.76% |