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XSMC.TO vs. DFSV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSMC.TO vs. DFSV

Last updated Jul 16, 2026
Documentation

XSMC.TO (iShares S&P U.S. Small-Cap Index ETF) and DFSV (Dimensional US Small Cap Value ETF) are both exchange-traded funds - XSMC.TO is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index, while DFSV is a Small Cap Value Equities fund actively managed by Dimensional. XSMC.TO is passively managed, while DFSV is actively managed. Over the past 3 years, XSMC.TO returned 16.64%/yr vs 18.66%/yr for DFSV. Their correlation of 0.80 suggests significant overlap in exposure. XSMC.TO charges 0.22%/yr vs 0.31%/yr for DFSV.

Performance

XSMC.TO vs. DFSV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P U.S. Small-Cap Index ETF (XSMC.TO) and Dimensional US Small Cap Value ETF (DFSV). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XSMC.TO is traded in CAD, while DFSV is traded in USD. To make them comparable, the DFSV values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XSMC.TO achieves a 24.78% return, which is significantly higher than DFSV's 23.17% return.

XSMC.TO

1D
0.37%
1M
2.48%
6M
16.58%
YTD
24.78%
1Y
36.16%
3Y*
16.64%
5Y*
10.13%
10Y*
—

DFSV

1D
0.02%
1M
2.50%
6M
14.90%
YTD
23.17%
1Y
36.06%
3Y*
18.66%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSMC.TO vs. DFSV - Yearly Performance Comparison

2026 (YTD)2025202420232022
XSMC.TO
iShares S&P U.S. Small-Cap Index ETF		24.78%0.80%17.06%13.25%-1.25%
DFSV
Dimensional US Small Cap Value ETF		23.17%3.64%16.20%16.42%9.27%

Correlation

The correlation between XSMC.TO and DFSV is 0.84, 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

0.84

Correlation (3Y)
Calculated over the trailing 3-year period

0.83

Correlation (All Time)
Calculated using the full available price history since Feb 24, 2022

0.80

The correlation between XSMC.TO and DFSV has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

XSMC.TO vs. DFSV - Sectors Allocation Comparison

Sectors
XSMC.TO
DFSV

Technology

17.3%
8.5%

Financial Services

16.5%
27.5%

Industrials

15.1%
15.3%

Consumer Cyclical

13.0%
14.7%

Healthcare

10.9%
6.9%

Real Estate

7.5%
0.8%

Energy

5.5%
12.1%

Basic Materials

5.0%
5.2%

Consumer Defensive

3.6%
5.7%

Communication Services

3.6%
2.7%

Utilities

1.9%
0.7%

Technology

XSMC.TO
17.3%
DFSV
8.5%

Financial Services

XSMC.TO
16.5%
DFSV
27.5%

Industrials

XSMC.TO
15.1%
DFSV
15.3%

Consumer Cyclical

XSMC.TO
13.0%
DFSV
14.7%

Healthcare

XSMC.TO
10.9%
DFSV
6.9%

Real Estate

XSMC.TO
7.5%
DFSV
0.8%

Energy

XSMC.TO
5.5%
DFSV
12.1%

Basic Materials

XSMC.TO
5.0%
DFSV
5.2%

Consumer Defensive

XSMC.TO
3.6%
DFSV
5.7%

Communication Services

XSMC.TO
3.6%
DFSV
2.7%

Utilities

XSMC.TO
1.9%
DFSV
0.7%

Compare stocks, funds, or ETFs

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iShares S&P U.S. Small-Cap Index ETF

Dimensional US Small Cap Value ETF

Often compared with XSMC.TO:
XSMC.TO vs. XSU.TOXSMC.TO vs. XMC.TOXSMC.TO vs. XVLU.TOXSMC.TO vs. XSMH.TOXSMC.TO vs. XUS.TOXSMC.TO vs. TTWOXSMC.TO vs. XDIV.TO
Often compared with DFSV:
DFSV vs. AVUVDFSV vs. DFSVXDFSV vs. AVDVDFSV vs. SPSMDFSV vs. SMCFDFSV vs. VTIDFSV vs. SPY

Return for Risk

XSMC.TO vs. DFSV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XSMC.TO
XSMC.TO Risk / Return Rank: 8383
Overall Rank
XSMC.TO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
XSMC.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
XSMC.TO Omega Ratio Rank: 7575
Omega Ratio Rank
XSMC.TO Calmar Ratio Rank: 8989
Calmar Ratio Rank
XSMC.TO Martin Ratio Rank: 8888
Martin Ratio Rank
DFSV
DFSV Risk / Return Rank: 7878
Overall Rank
DFSV Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
DFSV Sortino Ratio Rank: 8080
Sortino Ratio Rank
DFSV Omega Ratio Rank: 7474
Omega Ratio Rank
DFSV Calmar Ratio Rank: 8282
Calmar Ratio Rank
DFSV Martin Ratio Rank: 7676
Martin Ratio Rank
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.

XSMC.TO vs. DFSV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P U.S. Small-Cap Index ETF (XSMC.TO) 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.

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.

XSMC.TODFSVDifference
Sharpe ratioReturn per unit of total volatility
2.04
2.06

-0.02

Sortino ratioReturn per unit of downside risk
3.02
3.04

-0.02

Omega ratioGain probability vs. loss probability

1.35

1.36

-0.01

Calmar ratioReturn relative to maximum drawdown

4.28

4.03

+0.25

Martin ratioReturn relative to average drawdown

15.13

13.86

+1.27

XSMC.TO vs. DFSV - Sharpe Ratio Comparison

The current XSMC.TO Sharpe Ratio is 2.04, which is comparable to the DFSV Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of XSMC.TO 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.

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Drawdowns

XSMC.TO vs. DFSV - Drawdown Comparison

The maximum XSMC.TO drawdown since its inception was -37.30%, which is greater than DFSV's maximum drawdown of -26.44%. Use the drawdown chart below to compare losses from any high point for XSMC.TO and DFSV.

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Drawdown Indicators

XSMC.TODFSVDifference

Max Drawdown

Largest peak-to-trough decline

-37.30%

-26.44%

-10.86%

Max Drawdown (1Y)

Largest decline over 1 year

-8.48%

-8.99%

+0.51%

Max Drawdown (3Y)

Largest decline over 3 years

-27.05%

-26.44%

-0.61%

Max Drawdown (5Y)

Largest decline over 5 years

-27.05%

—

—

Current Drawdown

Current decline from peak

-3.23%

-0.24%

-2.99%

Average Drawdown

Average peak-to-trough decline

-7.97%

-5.69%

-2.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.40%

2.61%

-0.21%

Volatility

XSMC.TO vs. DFSV - Volatility Comparison

iShares S&P U.S. Small-Cap Index ETF (XSMC.TO) has a higher volatility of 5.12% compared to Dimensional US Small Cap Value ETF (DFSV) at 3.43%. This indicates that XSMC.TO's price experiences larger fluctuations and is considered to be riskier than DFSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XSMC.TODFSVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.12%

3.43%

+1.69%

Volatility (6M)

Calculated over the trailing 6-month period

12.37%

11.71%

+0.66%

Volatility (1Y)

Calculated over the trailing 1-year period

17.93%

17.77%

+0.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.67%

22.70%

-3.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.24%

22.70%

+0.54%

XSMC.TO vs. DFSV - Expense Ratio Comparison

XSMC.TO has a 0.22% expense ratio, which is lower than DFSV's 0.31% expense ratio.

Dividends

XSMC.TO vs. DFSV - Dividend Comparison

XSMC.TO's dividend yield for the trailing twelve months is around 0.87%, less than DFSV's 1.37% yield.

PositionTTM2025202420232022202120202019
DFSV
Dimensional US Small Cap Value ETF		1.37%1.53%1.31%1.29%0.90%0.00%0.00%0.00%
XSMC.TO
iShares S&P U.S. Small-Cap Index ETF		0.87%1.16%1.74%1.00%1.09%1.18%0.78%0.60%

Frequently Asked Questions

XSMC.TO and DFSV have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XSMC.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XSMC.TO is cheaper with a 0.22% expense ratio, compared with 0.31% for DFSV.

XSMC.TO is categorized as Small Cap Blend Equities, while DFSV is Small Cap Value Equities. They also come from different issuers: iShares and Dimensional. Their fees differ too: 0.22% for XSMC.TO and 0.31% for DFSV.

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