TMSL vs DFAR

Comparison between T. ROWE PRICE SMALL-MID CAP ETF (TMSL, ETF) and DIMENSIONAL US REAL ESTATE ETF (DFAR, ETF).

TMSL vs DFAR - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TMSL(ETF)	DFAR(ETF)
Net Assets	$1.60B	$1.60B
Expense Ratio	0.55%	0.19%
Max Drawdown	24.72%	34.66%
Sharpe Ratio	1.66	0.78
5Y Beta	1.04	0.49
P/E Ratio	32.54	33.68
Forward P/E	16.03	33.69
5Y EPS CAGR	14.88%	8.28%
Debt to Equity	19.43%	-4.99%
P/S Ratio	1.45	7.38
P/B Ratio	2.98	2.54

Net Assets

TMSL

$1.60B

DFAR

$1.60B

Expense Ratio

TMSL

0.55%

Winner

DFAR

0.19%

Max Drawdown

Winner

TMSL

24.72%

DFAR

34.66%

Sharpe Ratio

Winner

TMSL

1.66

DFAR

0.78

5Y Beta

TMSL

1.04

Winner

DFAR

0.49

P/E Ratio

Winner

TMSL

32.54

DFAR

33.68

Forward P/E

Winner

TMSL

16.03

DFAR

33.69

5Y EPS CAGR

Winner

TMSL

14.88%

DFAR

8.28%

Debt to Equity

TMSL

19.43%

Winner

DFAR

-4.99%

P/S Ratio

Winner

TMSL

1.45

DFAR

7.38

P/B Ratio

TMSL

2.98

Winner

DFAR

2.54

TMSL vs DFAR - Holdings Comparison

TMSL and DFAR have 10 common holdings. Overlap is 2.74%

TMSL's top 25 holdings weight is 21.69%. DFAR's top 25 holdings weight is 71.39%.

Rank	TMSL	DFAR
#1	SANDISK CORP ORDINARY SHARES (SNDK) - 1.90%	WELLTOWER INC (WELL) - 7.40%
#2	POPULAR INC (BPOP) - 1.16%	PROLOGIS INC (PLD) - 6.97%
#3	TECHNIPFMC PLC (n/a) - 1.05%	EQUINIX INC (EQIX) - 5.27%
#4	TELEDYNE TECHNOLOGIES INC (TDY) - 1.01%	AMERICAN TOWER CORP (AMT) - 4.53%
#5	API GROUP CORP (APG) - 1.00%	DIGITAL REALTY TRUST INC (DLR) - 4.49%
#6	CIENA CORP (CIEN) - 1.00%	SIMON PROPERTY GROUP INC (SPG) - 4.45%
#7	TENET HEALTHCARE CORP (THC) - 0.97%	REALTY INCOME CORP (O) - 4.45%
#8	THE MIDDLEBY CORP (MIDD) - 0.93%	PUBLIC STORAGE (PSA) - 3.65%
#9	EAST WEST BANCORP INC (EWBC) - 0.91%	VENTAS INC (VTR) - 3.35%
#10	MKS INC (MKSI) - 0.90%	CROWN CASTLE INC (CCI) - 2.94%
#11	PERMIAN RESOURCES CORP CLASS A (PR) - 0.90%	IRON MOUNTAIN INC (IRM) - 2.57%
#12	NVENT ELECTRIC PLC (NVT) - 0.89%	VICI PROPERTIES INC ORDINARY SHARES (VICI) - 2.52%
#13	STONEX GROUP INC (SNEX) - 0.88%	EXTRA SPACE STORAGE INC (EXR) - 2.36%
#14	RAMBUS INC (RMBS) - 0.86%	AVALONBAY COMMUNITIES INC (AVB) - 1.95%
#15	CORPAY INC (CPAY) - 0.81%	EQUITY RESIDENTIAL (EQR) - 1.80%
#16	AXIS CAPITAL HOLDINGS LTD (AXS) - 0.81%	SBA COMMUNICATIONS CORP CLASS A (SBAC) - 1.52%
#17	RELIANCE INC (RS) - 0.80%	SUN COMMUNITIES INC (SUI) - 1.37%
#18	FABRINET (FN) - 0.80%	ESSEX PROPERTY TRUST INC (ESS) - 1.33%
#19	n/a (WFRD) - 0.79%	KIMCO REALTY CORP (KIM) - 1.32%
#20	TEXTRON INC (TXT) - 0.79%	W.P. CAREY INC (WPC) - 1.31%
#21	JABIL INC (JBL) - 0.52%	INVITATION HOMES INC (INVH) - 1.24%
#22	ENCOMPASS HEALTH CORP (EHC) - 0.51%	MID-AMERICA APARTMENT COMMUNITIES INC (MAA) - 1.22%
#23	CURTISS-WRIGHT CORP (CW) - 0.50%	OMEGA HEALTHCARE INVESTORS INC (OHI) - 1.14%
#24	MAREX GROUP PLC (MRX) - 0.50%	HOST HOTELS & RESORTS INC (HST) - 1.12%
#25	FIRST BANCORP (FBP) - 0.50%	GAMING AND LEISURE PROPERTIES INC (GLPI) - 1.12%
Total Holdings	244	129

TMSL vs DFAR - Historical Returns

Returns include dividend reinvestment.

Period	TMSL	DFAR
1 month	+6.32%	+5.70%
3 months	+4.38%	+7.82%
6 months	+18.75%	+11.99%
1 year	+34.26%	+14.57%
5 years(CAGR)	N/A	+3.46%
Max(CAGR)	+18.98%	+3.46%

Winner

TMSL

+6.32%

DFAR

+5.70%

TMSL

+4.38%

Winner

DFAR

+7.82%

Winner

TMSL

+18.75%

DFAR

+11.99%

Winner

TMSL

+34.26%

DFAR

+14.57%

5Y(CAGR)

TMSL

N/A

DFAR

+3.46%

Max(CAGR)

Winner

TMSL

+18.98%

DFAR

+3.46%

TMSL vs DFAR - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

Year	TMSL	DFAR
2026	+13.04%	+13.46%
2025	+12.04%	+2.24%
2024	+16.39%	+4.24%
2023	+11.22%	+11.20%
2022	N/A	-14.29%

TMSL vs DFAR Drawdown Comparison

The maximum drawdown for TMSL was -24.39%, occurring on Apr 8, 2025. Recovery took 193 trading sessions.

The maximum drawdown for DFAR was -32.25%, occurring on Oct 25, 2023. Recovery took 1000 trading sessions.

The current TMSL drawdown is -0.63%. The current DFAR drawdown is -0.19%.

Rank	TMSL	DFAR
#1	-24.39% Nov 25, 2024 - Sep 5, 2025	-32.25% Apr 20, 2022 - Apr 16, 2026
#2	-13.22% Jul 31, 2023 - Dec 13, 2023	-2.71% Apr 20, 2026 - May 6, 2026
#3	-11.19% Feb 26, 2026 - Apr 17, 2026	-2.33% Mar 4, 2022 - Mar 17, 2022
#4	-8.33% Jul 16, 2024 - Sep 19, 2024	-2.14% Apr 6, 2022 - Apr 20, 2022
#5	-7.68% Mar 28, 2024 - Jul 15, 2024	-2.01% Feb 25, 2022 - Mar 3, 2022
#6	-6.69% Oct 27, 2025 - Nov 28, 2025	-1.70% Mar 29, 2022 - Apr 1, 2022
#7	-4.03% Sep 18, 2025 - Oct 23, 2025	-1.49% Mar 18, 2022 - Mar 25, 2022
#8	-3.76% Nov 11, 2024 - Nov 22, 2024	-1.00% Apr 1, 2022 - Apr 6, 2022
#9	-3.27% Dec 27, 2023 - Jan 22, 2024	-0.54% May 6, 2026 - May 7, 2026
#10	-3.18% Dec 11, 2025 - Jan 6, 2026	N/A
#11	-2.93% Oct 17, 2024 - Nov 6, 2024	N/A
#12	-2.59% Apr 20, 2026 - May 5, 2026	N/A
#13	-2.56% Jun 15, 2023 - Jun 29, 2023	N/A
#14	-2.28% Feb 12, 2024 - Feb 15, 2024	N/A
#15	-2.16% Jan 21, 2026 - Feb 6, 2026	N/A