USSC.L vs. DFSV

Last updated Jun 4, 2026

USSC.L (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) and DFSV (Dimensional US Small Cap Value ETF) are both Small Cap Value Equities funds. USSC.L is passively managed, while DFSV is actively managed. Over the past 3 years, USSC.L returned 19.32%/yr vs 16.87%/yr for DFSV. A 0.66 correlation means they provide meaningful diversification when combined. USSC.L charges 0.30%/yr vs 0.31%/yr for DFSV.

Performance

USSC.L vs. DFSV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L) and Dimensional US Small Cap Value ETF (DFSV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USSC.L achieves a 12.93% return, which is significantly lower than DFSV's 15.01% return.

USSC.L

• 1D: -0.49%
• 1M: 0.86%
• YTD: 12.93%
• 6M: 13.58%
• 1Y: 35.93%
• 3Y*: 19.32%
• 5Y*: 9.49%
• 10Y*: 12.01%

DFSV

• 1D: -0.84%
• 1M: 1.32%
• YTD: 15.01%
• 6M: 14.63%
• 1Y: 33.99%
• 3Y*: 16.87%
• 5Y*: —
• 10Y*: —

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

USSC.L vs. DFSV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
USSC.L SPDR MSCI USA Small Cap Value Weighted UCITS ETF	12.93%	14.73%	8.33%	23.17%	-3.32%
DFSV Dimensional US Small Cap Value ETF	15.01%	8.59%	7.13%	19.26%	0.60%

Correlation

The correlation between USSC.L and DFSV is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022	0.66

The correlation between USSC.L and DFSV has been stable across timeframes, ranging from 0.66 to 0.68 - a consistent structural relationship.

USSC.L vs. DFSV - Sectors Allocation Comparison

Sectors	USSC.L	DFSV
Financial Services	19.8%	27.5%
Industrials	14.7%	15.1%
Consumer Cyclical	14.0%	13.5%
Energy	11.2%	13.6%
Technology	9.4%	8.1%
Healthcare	7.5%	6.9%
Real Estate	6.2%	0.9%
Basic Materials	6.1%	5.4%
Consumer Defensive	6.0%	5.8%
Communication Services	2.7%	2.6%
Utilities	2.5%	0.6%

Return for Risk

USSC.L vs. DFSV — Risk / Return Rank

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

USSC.L

USSC.L Risk / Return Rank: 71
USSC.L Sharpe Ratio Rank: 66
USSC.L Sortino Ratio Rank: 71
USSC.L Omega Ratio Rank: 62
USSC.L Calmar Ratio Rank: 82
USSC.L Martin Ratio Rank: 74

DFSV

DFSV Risk / Return Rank: 61
DFSV Sharpe Ratio Rank: 56
DFSV Sortino Ratio Rank: 59
DFSV Omega Ratio Rank: 55
DFSV Calmar Ratio Rank: 72
DFSV Martin Ratio Rank: 63

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.

USSC.L vs. DFSV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L) and Dimensional US Small Cap Value ETF (DFSV). 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.

	USSC.L	DFSV	Difference
Sharpe ratio: Return per unit of total volatility	2.24	1.95	+0.30
Sortino ratio: Return per unit of downside risk	3.28	2.84	+0.43
Omega ratio: Gain probability vs. loss probability	1.38	1.34	+0.04
Calmar ratio: Return relative to maximum drawdown	4.40	3.64	+0.77
Martin ratio: Return relative to average drawdown	14.10	11.57	+2.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USSC.L vs. DFSV - Sharpe Ratio Comparison

The current USSC.L Sharpe Ratio is 2.24, which is comparable to the DFSV Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of USSC.L and DFSV, 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

	USSC.L	DFSV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	1.95	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.53	-0.08

Drawdowns

USSC.L vs. DFSV - Drawdown Comparison

The maximum USSC.L drawdown since its inception was -48.99%, which is greater than DFSV's maximum drawdown of -28.02%. Use the drawdown chart below to compare losses from any high point for USSC.L and DFSV.

Drawdown Indicators

	USSC.L	DFSV	Difference
Max Drawdown Largest peak-to-trough decline	-48.99%	-28.02%	-20.97%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	-9.39%	+1.27%
Max Drawdown (3Y) Largest decline over 3 years	-27.47%	-28.02%	+0.55%
Max Drawdown (5Y) Largest decline over 5 years	-27.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.99%	—	—
Current Drawdown Current decline from peak	-0.49%	-0.84%	+0.35%
Average Drawdown Average peak-to-trough decline	-7.70%	-6.71%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	2.95%	-0.41%

Volatility

USSC.L vs. DFSV - Volatility Comparison

SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L) and Dimensional US Small Cap Value ETF (DFSV) have volatilities of 4.04% and 3.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USSC.L	DFSV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	3.95%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	10.08%	11.28%	-1.20%
Volatility (1Y) Calculated over the trailing 1-year period	16.01%	17.63%	-1.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.62%	22.24%	-0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.82%	22.24%	+0.58%

USSC.L vs. DFSV - Expense Ratio Comparison

USSC.L has a 0.30% expense ratio, which is lower than DFSV's 0.31% expense ratio.

Dividends

USSC.L vs. DFSV - Dividend Comparison

USSC.L has not paid dividends to shareholders, while DFSV's dividend yield for the trailing twelve months is around 1.42%.

Position	TTM	2025	2024	2023	2022
DFSV Dimensional US Small Cap Value ETF	1.42%	1.53%	1.31%	1.29%	0.90%
USSC.L SPDR MSCI USA Small Cap Value Weighted UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USSC.L and DFSV in my portfolio?

USSC.L and DFSV have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USSC.L or DFSV?

On fees, USSC.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USSC.L or DFSV?

USSC.L is cheaper with a 0.30% expense ratio, compared with 0.31% for DFSV.

What is the main difference between USSC.L and DFSV?

They also come from different issuers: State Street and Dimensional. Their fees differ too: 0.30% for USSC.L and 0.31% for DFSV.