DFSV vs VOO
Dimensional US Small Cap Value ETF vs Vanguard S&P 500 ETF
Which is better, DFSV or VOO?
Small Cap Value against Large Cap Blend.
VOO has a lower expense ratio. DFSV led over 1Y, VOO over 3Y and the full window. DFSV is less concentrated, with 6.8% of the fund in its ten largest positions against 37.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DFSV | VOO |
|---|---|---|
| Expense Ratio | 0.30% | 0.03%Best |
| AUM | $8.3B | $997.4B |
| Dividend Yield | 1.35% | 1.04% |
| Holdings | 31 | 509 |
| YTD Return | +16.09%Best | +13.31% |
| 1Y Return | +20.80%Best | +17.07% |
| 3Y Return (annualized) | +16.35% | +22.72%Best |
| 5Y Return (annualized) | - | +13.19% |
| Volatility (annualized) | 21.4% | 15.6%Best |
| Max Drawdown | -28.0% | -22.1%Best |
| $10,000 over 4.6 years | $16,404 | $19,219Best |
| Top 10 Weight | 6.8%Best | 37.6% |
| Fund Family | Dimensional | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Feb 23, 2022 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 4.6 years row, are measured over the window both funds cover: Feb 24, 2022 to Sep 23, 2026 (4.6 years).
DFSV vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.6 years both funds cover.
DFSV vs VOO Performance
Dimensional US Small Cap Value ETF (DFSV) is an ETF from Dimensional and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year DFSV returned +20.80% while VOO returned +17.07%. Year to date, DFSV is up 16.09% versus a gain of 13.31% for VOO.
Over three years, DFSV compounded at +16.35% per year against +22.72% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFSV has been the more volatile fund, with annualized monthly volatility of 21.4% compared with 15.6% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -28.0% for DFSV and -22.1% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFSV charges 0.30% per year while VOO charges 0.03%. On a $10,000 position that is $30 vs $3 annually, a gap of $27 per year that compounds over a long holding period. On income, DFSV currently yields 1.35% against 1.04% for VOO.
Holdings Overlap
5.4% of DFSV's money is in holdings VOO also owns. 0.3% of VOO's money is in holdings DFSV also owns.
DFSV and VOO share little of their money.
19 positions in common, counted across the 997 positions we hold weights for in DFSV and 494 in VOO, against full books of 31 and 509.
What only one of them owns
Our book lists 469 positions for VOO that do not appear in our book for DFSV (98.8% of the fund), and 782 for DFSV that do not appear in VOO (90.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in DFSV | Weight in VOO | Difference |
|---|---|---|---|
| IVZInvesco Plc | 0.83% | 0.02% | 0.81% |
| APAApa Corp | 0.75% | 0.02% | 0.73% |
| SWKStanley Black Decker Inc. | 0.53% | 0.02% | 0.51% |
| SWKSSkyworks Solutions Inc. | 0.51% | 0.01% | 0.50% |
| RVTYRevvity Inc | 0.49% | 0.02% | 0.47% |
| MOSMosaic Co | 0.47% | 0.01% | 0.46% |
| SJMJ M Smucker Co/The | 0.38% | 0.02% | 0.36% |
| UHSUniversal Health Services Inc. | 0.35% | 0.01% | 0.34% |
| HIIHuntington Ingalls Industries Inc. | 0.21% | 0.02% | 0.19% |
| MKCMccormick & Co Inc. | 0.17% | 0.02% | 0.15% |
You are not choosing between two funds in isolation.
Whichever of DFSV and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DFSV or VOO?
DFSV has an expense ratio of 0.30% while VOO charges 0.03%. VOO is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, DFSV or VOO?
Over the past year DFSV returned +20.80% vs +17.07% for VOO, so DFSV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFSV or VOO?
DFSV has been the more volatile fund at 21.4% annualized versus 15.6% for VOO. Worst drawdown: DFSV -28.0% vs VOO -22.1%.
Should I hold both DFSV and VOO?
DFSV and VOO have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DFSV and VOO?
5.4% of DFSV's money is in holdings VOO also owns. 0.3% of VOO's is in holdings DFSV also owns. They hold 19 positions in common, counted across the 997 positions we hold weights for in DFSV and 494 in VOO.
Which pays a higher dividend, DFSV or VOO?
DFSV yields 1.35% while VOO yields 1.04%, so DFSV currently pays the higher dividend yield.
Is VOO better than DFSV?
VOO has a lower expense ratio. DFSV led over 1Y, VOO over 3Y and the full window. DFSV is less concentrated, with 6.8% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.