RZV vs. DFSVX

Last updated Jun 4, 2026

RZV (Invesco S&P SmallCap 600® Pure Value ETF) and DFSVX (DFA U.S. Small Cap Value Portfolio I) are both Small Cap Value Equities funds. Over the past 10 years, RZV returned 10.65%/yr vs 11.50%/yr for DFSVX. Their correlation of 0.93 suggests significant overlap in exposure. RZV charges 0.35%/yr vs 0.30%/yr for DFSVX.

Performance

RZV vs. DFSVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap 600® Pure Value ETF (RZV) and DFA U.S. Small Cap Value Portfolio I (DFSVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RZV achieves a 17.78% return, which is significantly higher than DFSVX's 16.32% return. Over the past 10 years, RZV has underperformed DFSVX with an annualized return of 10.65%, while DFSVX has yielded a comparatively higher 11.50% annualized return.

RZV

• 1D: -1.04%
• 1M: 3.13%
• YTD: 17.78%
• 6M: 15.59%
• 1Y: 42.30%
• 3Y*: 17.71%
• 5Y*: 8.85%
• 10Y*: 10.65%

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%

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

RZV vs. DFSVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RZV Invesco S&P SmallCap 600® Pure Value ETF	17.78%	8.65%	5.06%	22.97%	-6.80%	45.95%	-3.88%	22.29%	-19.66%	1.25%
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%

Correlation

The correlation between RZV and DFSVX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Mar 8, 2006	0.93

The correlation between RZV and DFSVX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

Return for Risk

RZV vs. DFSVX — Risk / Return Rank

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

RZV

RZV Risk / Return Rank: 61
RZV Sharpe Ratio Rank: 61
RZV Sortino Ratio Rank: 62
RZV Omega Ratio Rank: 55
RZV Calmar Ratio Rank: 68
RZV Martin Ratio Rank: 61

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

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.

RZV vs. DFSVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600® Pure Value ETF (RZV) 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.

	RZV	DFSVX	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.15	-0.09
Sortino ratio: Return per unit of downside risk	2.93	3.11	-0.18
Omega ratio: Gain probability vs. loss probability	1.35	1.38	-0.03
Calmar ratio: Return relative to maximum drawdown	3.38	3.93	-0.54
Martin ratio: Return relative to average drawdown	11.02	12.54	-1.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RZV vs. DFSVX - Sharpe Ratio Comparison

The current RZV Sharpe Ratio is 2.06, which is comparable to the DFSVX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of RZV and DFSVX, 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

	RZV	DFSVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	2.15	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.48	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.48	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.53	-0.26

Drawdowns

RZV vs. DFSVX - Drawdown Comparison

The maximum RZV drawdown since its inception was -77.11%, which is greater than DFSVX's maximum drawdown of -66.70%. Use the drawdown chart below to compare losses from any high point for RZV and DFSVX.

Drawdown Indicators

	RZV	DFSVX	Difference
Max Drawdown Largest peak-to-trough decline	-77.11%	-66.70%	-10.41%
Max Drawdown (1Y) Largest decline over 1 year	-12.56%	-9.59%	-2.97%
Max Drawdown (3Y) Largest decline over 3 years	-29.81%	-27.69%	-2.12%
Max Drawdown (5Y) Largest decline over 5 years	-29.81%	-27.69%	-2.12%
Max Drawdown (10Y) Largest decline over 10 years	-60.42%	-52.12%	-8.30%
Current Drawdown Current decline from peak	-1.04%	0.00%	-1.04%
Average Drawdown Average peak-to-trough decline	-13.60%	-9.47%	-4.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.85%	2.99%	+0.86%

Volatility

RZV vs. DFSVX - Volatility Comparison

Invesco S&P SmallCap 600® Pure Value ETF (RZV) has a higher volatility of 5.21% compared to DFA U.S. Small Cap Value Portfolio I (DFSVX) at 4.26%. This indicates that RZV'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.

Volatility by Period

	RZV	DFSVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	4.26%	+0.95%
Volatility (6M) Calculated over the trailing 6-month period	13.66%	11.34%	+2.32%
Volatility (1Y) Calculated over the trailing 1-year period	20.69%	17.53%	+3.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.37%	21.49%	+2.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.04%	23.90%	+3.14%

RZV vs. DFSVX - Expense Ratio Comparison

RZV has a 0.35% expense ratio, which is higher than DFSVX's 0.30% expense ratio.

Dividends

RZV vs. DFSVX - Dividend Comparison

RZV's dividend yield for the trailing twelve months is around 1.35%, less than DFSVX's 1.50% 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%
RZV Invesco S&P SmallCap 600® Pure Value ETF	1.35%	1.59%	1.14%	1.13%	1.43%	0.86%	0.63%	1.03%	2.03%	1.02%	0.46%	1.24%

Frequently Asked Questions

Can I hold both RZV and DFSVX in my portfolio?

With a correlation of 0.91, RZV and DFSVX 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, RZV or DFSVX?

RZV has higher volatility (5.21%) compared to DFSVX (4.26%). In terms of maximum drawdown, RZV dropped -77.11% vs DFSVX's -66.70%.

Which has better risk-adjusted returns?

DFSVX currently has the higher Sharpe Ratio (2.15 vs 2.06), 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.