DFAT vs SPY
Comparison between DIMENSIONAL U.S. TARGETED VALUE ETF (DFAT, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed DFAT, delivering a return of +13.3% compared to +9.8%
DFAT vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
DFAT
$13B
Winner
SPY
$652B
Expense Ratio
DFAT
0.28%
Winner
SPY
0.09%
Max Drawdown
Winner
DFAT
26.61%
SPY
56.47%
Sharpe Ratio
DFAT
1.67
Winner
SPY
2.07
5Y Beta
Winner
DFAT
0.96
SPY
1.00
P/E Ratio
DFAT
42.26
Winner
SPY
28.24
Forward P/E
Winner
DFAT
11.66
SPY
21.85
5Y Dividends CAGR
DFAT
N/A
SPY
5.43%
5Y EPS CAGR
DFAT
9.58%
Winner
SPY
25.79%
Debt to Equity
DFAT
124.90%
Winner
SPY
22.35%
P/S Ratio
Winner
DFAT
0.87
SPY
3.55
P/B Ratio
Winner
DFAT
1.40
SPY
5.29
DFAT vs SPY - Holdings Comparison
DFAT and SPY have 30 common holdings. Overlap is 0.57%
DFAT's top 25 holdings weight is 12.08%. SPY's top 25 holdings weight is 51.32%.
| Rank | DFAT | SPY |
|---|---|---|
| #1 | TD SYNNEX CORP (SNX) - 0.70% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | TOLL BROTHERS INC (TOL) - 0.66% | APPLE INC (AAPL) - 6.48% |
| #3 | ALLY FINANCIAL INC (ALLY) - 0.62% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | WESCO INTERNATIONAL INC (WCC) - 0.60% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | ALCOA CORP (AA) - 0.56% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | FIRST HORIZON CORP (FHN) - 0.55% | BROADCOM INC (AVGO) - 3.09% |
| #7 | BORGWARNER INC (BWA) - 0.53% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | ELANCO ANIMAL HEALTH INC (ELAN) - 0.53% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | VIATRIS INC (VTRS) - 0.53% | TESLA INC (TSLA) - 1.73% |
| #10 | INVESCO LTD (IVZ) - 0.51% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | COMERICA INC (CMA) - 0.49% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | PERMIAN RESOURCES CORP CLASS A (PR) - 0.49% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | SOUTHSTATE BANK CORP (SSB) - 0.49% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | OVINTIV INC (OVV) - 0.48% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | UNUM GROUP (UNM) - 0.47% | WALMART INC (WMT) - 0.91% |
| #16 | WEBSTER FINANCIAL CORP (WBS) - 0.46% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | n/a (TAP) - 0.46% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | THE MOSAIC CO (MOS) - 0.46% | VISA INC CLASS A (V) - 0.85% |
| #19 | GAP INC (GAP) - 0.45% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | FRANKLIN RESOURCES INC (BEN) - 0.45% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | JONES LANG LASALLE INC (JLL) - 0.32% | INTEL CORP (INTC) - 0.65% |
| #22 | ONEMAIN HOLDINGS INC (OMF) - 0.32% | NETFLIX INC (NFLX) - 0.64% |
| #23 | JAZZ PHARMACEUTICALS PLC (JAZZ) - 0.32% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | n/a (LBRDK) - 0.32% | CHEVRON CORP (CVX) - 0.58% |
| #25 | F N B CORP (FNB) - 0.31% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 1371 | 505 |
DFAT vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
DFAT
+3.96%
Winner
SPY
+9.11%
3M
DFAT
+1.27%
Winner
SPY
+6.59%
6M
Winner
DFAT
+18.81%
SPY
+10.56%
1Y
Winner
DFAT
+33.76%
SPY
+32.04%
5Y(CAGR)
DFAT
+9.82%
Winner
SPY
+13.35%
10Y(CAGR)
DFAT
N/A
SPY
+15.49%
Max(CAGR)
Winner
DFAT
+9.82%
SPY
+8.50%
DFAT vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | DFAT | SPY |
|---|---|---|
| 2026 | +12.40% | +8.27% |
| 2025 | +8.95% | +18.00% |
| 2024 | +8.30% | +25.59% |
| 2023 | +21.45% | +26.72% |
| 2022 | -6.99% | -18.64% |
| 2021 | +5.08% | +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% |
DFAT vs SPY Drawdown Comparison
The maximum drawdown for DFAT was -26.11%, occurring on Apr 8, 2025. Recovery took 260 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current DFAT drawdown is -0.55%.
| Rank | DFAT | SPY |
|---|---|---|
| #1 | -26.11% Nov 25, 2024 - Dec 10, 2025 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -20.00% Nov 16, 2021 - Feb 1, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -16.46% Feb 2, 2023 - Jul 31, 2023 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -13.76% Jul 31, 2023 - Dec 13, 2023 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -9.76% Jul 31, 2024 - Nov 6, 2024 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -9.55% Feb 6, 2026 - Apr 20, 2026 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -9.26% Jun 15, 2021 - Oct 7, 2021 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -7.81% Mar 28, 2024 - May 15, 2024 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -6.86% Dec 27, 2023 - Mar 21, 2024 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -6.33% May 15, 2024 - Jul 15, 2024 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -3.41% Nov 11, 2024 - Nov 22, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -3.33% Oct 25, 2021 - Nov 1, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -2.83% Dec 11, 2025 - Jan 6, 2026 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -2.73% Jul 16, 2024 - Jul 26, 2024 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -1.91% Jan 22, 2026 - Feb 3, 2026 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between DFAT 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)
DFAT vs SPY dividend yield comparison.
| Year | DFAT | SPY |
|---|---|---|
| 2026 | 0.31% | 0.24% |
| 2025 | 1.55% | 1.07% |
| 2024 | 1.31% | 1.21% |
| 2023 | 1.34% | 1.40% |
| 2022 | 1.34% | 1.65% |
| 2021 | 1.13% | 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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