DFAS vs SPY
Comparison between DIMENSIONAL U.S. SMALL CAP ETF (DFAS, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed DFAS, delivering a return of +13.3% compared to +7.5%
DFAS vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
DFAS
$13B
Winner
SPY
$652B
Expense Ratio
DFAS
0.26%
Winner
SPY
0.09%
Max Drawdown
Winner
DFAS
27.31%
SPY
56.47%
Sharpe Ratio
DFAS
1.53
Winner
SPY
2.07
5Y Beta
DFAS
1.02
Winner
SPY
1.00
P/E Ratio
DFAS
50.31
Winner
SPY
28.24
Forward P/E
Winner
DFAS
14.07
SPY
21.85
5Y Dividends CAGR
DFAS
N/A
SPY
5.43%
5Y EPS CAGR
DFAS
10.48%
Winner
SPY
25.79%
Debt to Equity
DFAS
N/A
SPY
22.35%
P/S Ratio
Winner
DFAS
1.11
SPY
3.55
P/B Ratio
Winner
DFAS
1.96
SPY
5.29
DFAS vs SPY - Holdings Comparison
DFAS and SPY have 32 common holdings. Overlap is 0.67%
DFAS's top 25 holdings weight is 5.78%. SPY's top 25 holdings weight is 51.32%.
| Rank | DFAS | SPY |
|---|---|---|
| #1 | SPROUTS FARMERS MARKET INC (SFM) - 0.46% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | FABRINET (FN) - 0.29% | APPLE INC (AAPL) - 6.48% |
| #3 | CARPENTER TECHNOLOGY CORP (CRS) - 0.28% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | KYNDRYL HOLDINGS INC ORDINARY SHARES (KD) - 0.25% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | RANGE RESOURCES CORP (RRC) - 0.24% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | SOUTHSTATE CORP (SSB) - 0.24% | BROADCOM INC (AVGO) - 3.09% |
| #7 | WINTRUST FINANCIAL CORP (WTFC) - 0.24% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | HASBRO INC (HAS) - 0.23% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | ENSIGN GROUP INC (ENSG) - 0.23% | TESLA INC (TSLA) - 1.73% |
| #10 | MUELLER INDUSTRIES INC (MLI) - 0.23% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT) - 0.23% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC (MTSI) - 0.23% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | INGREDION INC (INGR) - 0.22% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | UMB FINANCIAL CORP (UMBF) - 0.22% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | HENRY SCHEIN INC (HSIC) - 0.22% | WALMART INC (WMT) - 0.91% |
| #16 | CRANE CO (CR) - 0.22% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | WESCO INTERNATIONAL INC (WCC) - 0.22% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | ANTERO MIDSTREAM CORP (AM) - 0.21% | VISA INC CLASS A (V) - 0.85% |
| #19 | ACUITY INC (AYI) - 0.21% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | EVERCORE INC CLASS A (EVR) - 0.21% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | JACKSON FINANCIAL INC (JXN) - 0.18% | INTEL CORP (INTC) - 0.65% |
| #22 | CACI INTERNATIONAL INC CLASS A (CACI) - 0.18% | NETFLIX INC (NFLX) - 0.64% |
| #23 | COMMVAULT SYSTEMS INC (CVLT) - 0.18% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | RLI CORP (RLI) - 0.18% | CHEVRON CORP (CVX) - 0.58% |
| #25 | CORCEPT THERAPEUTICS INC (CORT) - 0.18% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 1963 | 505 |
DFAS vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
DFAS
+4.96%
Winner
SPY
+9.11%
3M
DFAS
+2.25%
Winner
SPY
+6.59%
6M
Winner
DFAS
+15.83%
SPY
+10.56%
1Y
DFAS
+30.80%
Winner
SPY
+32.04%
5Y(CAGR)
DFAS
+7.49%
Winner
SPY
+13.35%
10Y(CAGR)
DFAS
N/A
SPY
+15.49%
Max(CAGR)
DFAS
+7.49%
Winner
SPY
+8.50%
DFAS vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | DFAS | SPY |
|---|---|---|
| 2026 | +10.94% | +8.27% |
| 2025 | +8.32% | +18.00% |
| 2024 | +10.86% | +25.59% |
| 2023 | +18.17% | +26.72% |
| 2022 | -14.54% | -18.64% |
| 2021 | +4.98% | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
DFAS vs SPY Drawdown Comparison
The maximum drawdown for DFAS was -26.13%, occurring on Apr 8, 2025. Recovery took 256 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current DFAS drawdown is -0.69%.
| Rank | DFAS | SPY |
|---|---|---|
| #1 | -26.13% Nov 25, 2024 - Dec 4, 2025 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -25.02% Nov 8, 2021 - Mar 21, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -9.36% Feb 10, 2026 - Apr 17, 2026 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -9.31% Jul 31, 2024 - Oct 14, 2024 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -7.89% Mar 28, 2024 - May 15, 2024 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -7.10% Jun 15, 2021 - Aug 11, 2021 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -5.29% May 15, 2024 - Jul 12, 2024 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -5.03% Sep 2, 2021 - Oct 18, 2021 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -4.70% Aug 11, 2021 - Aug 27, 2021 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -4.27% Nov 11, 2024 - Nov 25, 2024 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -3.63% Oct 16, 2024 - Nov 6, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -3.34% Dec 11, 2025 - Jan 6, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -3.17% Jul 16, 2024 - Jul 31, 2024 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -2.92% Jan 22, 2026 - Feb 6, 2026 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -2.61% Oct 25, 2021 - Nov 1, 2021 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between DFAS and SPY is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (1999 - 2026)
DFAS vs SPY dividend yield comparison.
| Year | DFAS | SPY |
|---|---|---|
| 2026 | 0.21% | 0.24% |
| 2025 | 0.99% | 1.07% |
| 2024 | 0.93% | 1.21% |
| 2023 | 1.00% | 1.40% |
| 2022 | 1.03% | 1.65% |
| 2021 | 2.87% | 1.20% |
| 2020 | 0.00% | 1.52% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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