SMVSX vs. DISV

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco Small Cap Value Fund Class R6 (SMVSX) and Dimensional International Small Cap Value ETF (DISV).

SMVSX is a passively managed fund by Invesco that tracks the performance of the Russell 2000 Value Index. It was launched on Feb 7, 2017. DISV is an actively managed fund by Dimensional. It was launched on Mar 23, 2022.

Performance

SMVSX vs. DISV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Small Cap Value Fund Class R6 (SMVSX) and Dimensional International Small Cap Value ETF (DISV). The values are adjusted to include any dividend payments, if applicable.

SMVSX vs. DISV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SMVSX Invesco Small Cap Value Fund Class R6	6.65%	18.12%	25.01%	23.40%	-3.91%
DISV Dimensional International Small Cap Value ETF	3.83%	47.42%	5.87%	19.52%	-9.72%

Returns By Period

In the year-to-date period, SMVSX achieves a 6.65% return, which is significantly higher than DISV's 3.83% return.

SMVSX

• 1D: -1.88%
• 1M: -10.11%
• YTD: 6.65%
• 6M: 14.02%
• 1Y: 33.79%
• 3Y*: 24.85%
• 5Y*: 17.71%
• 10Y*: —

DISV

• 1D: 3.14%
• 1M: -8.65%
• YTD: 3.83%
• 6M: 11.28%
• 1Y: 39.51%
• 3Y*: 21.72%
• 5Y*: —
• 10Y*: —

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

SMVSX vs. DISV - Expense Ratio Comparison

SMVSX has a 0.72% expense ratio, which is higher than DISV's 0.42% expense ratio.

SMVSX

Invesco Small Cap Value Fund Class R6

DISV

Dimensional International Small Cap Value ETF

Return for Risk

SMVSX vs. DISV — Risk / Return Rank

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

SMVSX

SMVSX Risk / Return Rank: 71
SMVSX Sharpe Ratio Rank: 73
SMVSX Sortino Ratio Rank: 72
SMVSX Omega Ratio Rank: 69
SMVSX Calmar Ratio Rank: 71
SMVSX Martin Ratio Rank: 68

DISV

DISV Risk / Return Rank: 93
DISV Sharpe Ratio Rank: 95
DISV Sortino Ratio Rank: 95
DISV Omega Ratio Rank: 95
DISV Calmar Ratio Rank: 90
DISV Martin Ratio Rank: 91

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.

SMVSX vs. DISV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Small Cap Value Fund Class R6 (SMVSX) and Dimensional International Small Cap Value ETF (DISV). 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.

	SMVSX	DISV	Difference
Sharpe ratio Return per unit of total volatility	1.30	2.29	-0.99
Sortino ratio Return per unit of downside risk	1.81	2.97	-1.16
Omega ratio Gain probability vs. loss probability	1.26	1.47	-0.20
Calmar ratio Return relative to maximum drawdown	1.67	2.97	-1.30
Martin ratio Return relative to average drawdown	6.48	12.04	-5.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMVSX vs. DISV - Sharpe Ratio Comparison

The current SMVSX Sharpe Ratio is 1.30, which is lower than the DISV Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of SMVSX and DISV, 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

	SMVSX	DISV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	2.29	-0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.86	-0.33

Correlation

The correlation between SMVSX and DISV is 0.74, 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

SMVSX vs. DISV - Dividend Comparison

SMVSX's dividend yield for the trailing twelve months is around 8.01%, more than DISV's 2.55% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMVSX Invesco Small Cap Value Fund Class R6	8.01%	8.54%	7.42%	4.78%	9.57%	15.80%	0.48%	2.36%	26.72%	15.91%
DISV Dimensional International Small Cap Value ETF	2.55%	2.69%	2.77%	2.73%	1.23%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

SMVSX vs. DISV - Drawdown Comparison

The maximum SMVSX drawdown since its inception was -57.41%, which is greater than DISV's maximum drawdown of -26.77%. Use the drawdown chart below to compare losses from any high point for SMVSX and DISV.

Drawdown Indicators

	SMVSX	DISV	Difference
Max Drawdown Largest peak-to-trough decline	-57.41%	-26.77%	-30.64%
Max Drawdown (1Y) Largest decline over 1 year	-16.59%	-12.69%	-3.90%
Max Drawdown (5Y) Largest decline over 5 years	-25.23%	—	—
Current Drawdown Current decline from peak	-11.39%	-8.65%	-2.74%
Average Drawdown Average peak-to-trough decline	-8.70%	-4.95%	-3.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.48%	3.13%	+1.35%

Volatility

SMVSX vs. DISV - Volatility Comparison

Invesco Small Cap Value Fund Class R6 (SMVSX) has a higher volatility of 8.29% compared to Dimensional International Small Cap Value ETF (DISV) at 7.19%. This indicates that SMVSX's price experiences larger fluctuations and is considered to be riskier than DISV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMVSX	DISV	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.29%	7.19%	+1.10%
Volatility (6M) Calculated over the trailing 6-month period	16.60%	11.05%	+5.55%
Volatility (1Y) Calculated over the trailing 1-year period	25.75%	17.38%	+8.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.13%	17.41%	+5.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.15%	17.41%	+9.74%