DFAS
Dimensional U.S. Small Cap ETF
DFAS actively invests in small-cap US companies, selected using multiple factors and weighted by market capitalization.
US
EQUITY
Active
MANAGEMENT STYLE
7.8 B
ASSETS UNDER MGMT
26 bp
EXPENSES
Fund Basics
| Fund sponsor | Dimensional Fund Advisors LP |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 14, 2021 |
| Assets (mns) | $7,793 |
| Expense ratio | 26 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CASH AND CASH EQUIVALENTS | 1.9 % |
| SPROUTS FARMERS MARKET INC | 0.6 % |
| BELLRING BRANDS, INC. CLASS A | 0.3 % |
| UNITED STATES STEEL CORP | 0.3 % |
| BEACON ROOFING SUPPLY INC | 0.3 % |
| CARPENTER TECHNOLOGY | 0.3 % |
| H&R BLOCK INC | 0.3 % |
| DT MIDSTREAM, INC. | 0.3 % |
| SOUTH STATE CORP | 0.3 % |
| EXLSERVICE HOLDINGS INC | 0.3 % |
Constituent Breakdown
| Number of holdings | 2047 |
| Herfindahl-Hirschman Index | 15 |
| Wgt avg mkt cap (mns) | $4,790 |
| Large cap (>$10bn) | 5.8% |
| Mid cap ($2-10bn) | 72.4% |
| Small cap (<$2bn) | 21.5% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
UNITED STATES | 93.8 % |
 |
BERMUDA | 1.2 % |
 |
BRITAIN | 0.6 % |
 |
IRELAND | 0.6 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -2.0% | 6.1% | 7.2% | 4.3% | -- | -- | -- | 2.2% |
| Dividend Yield | -6.2% | -9.8% | 0.3% | -1.1% | -- | -- | -- | 0.4% |
| Total Returns | -8.2% | -3.7% | 7.5% | 3.2% | -- | -- | -- | 2.6% | Ann. Volatility | 15.6% | 18.4% | 18.7% | 21.0% | -- | -- | -- | 20.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.12 | 74% |
| MSCI EAFE | 0.98 | 57% |
| MSCI Emg Mkts | 0.67 | 26% |
Liquidity Measures
| Avg. volume (000) | 994 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.08% |
| ADV of underlying (mns) | $35,803 |
Technical Indicators
| Recent close | $54.49 |
| 30d moving avg. | $58.53 |
| Annualized volatility | 22.6% |
| Relative strength (RSI) | 40 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DFAS |
Expenses vs. DFAS |
ALTAR Score™ vs. DFAS |
|---|---|---|---|---|
| ISCB | iShares Morningstar Small-Cap ETF | 64.5% | -22 bp | -1.5% |
| SCHA | Schwab U.S. Small-Cap ETF | 59.3% | -22 bp | -1.9% |
| ESML | iShares ESG Aware MSCI USA Small-Cap ETF | 58.7% | -9 bp | -1.4% |
| RSSL | Global X Russell 2000 ETF | 52.7% | -18 bp | -3.8% |
| ISCV | iShares Morningstar Small Cap Value ETF | 52.6% | -20 bp | +1.7% |
| VTWO | Vanguard Russell 2000 ETF | 51.6% | -16 bp | -3.6% |
| VB | Vanguard Small-Cap ETF | 51.4% | -21 bp | -1.4% |
| IWM | iShares Russell 2000 ETF | 51.3% | -7 bp | -3.8% |
| BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 50.6% | -19 bp | -0.8% |
| EZM | WisdomTree U.S. MidCap Fund | 49.9% | +12 bp | +2.7% |
Risk and Returns: DFAS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2024 | 2025E | Fwd Est | 2026E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/21/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
DFAS
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
DFAS
7.8%
Cat. Avg
6.3%
ALTAR Score™ Calculation
Category Overview
There are 960 funds in the US Equity category, with an average ALTAR Score™
of 6.3% and a standard deviation of
3.1%. DFAS's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places DFAS in the 68th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DFASSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| DFAS (26 bp) Percentile rank | 14 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DFAS | 26.0 | 8.1 | 34.1 |
| Peer Avg. | 46.6 | 19.2 | 65.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .