DFAS vs SMLF
U.S. Small Cap Portfolio ETF Class Shares against iShares U.S. Small Cap Equity Factor ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
43%
715 shared positions
Fee gap
12 bp
SMLF is cheaper
1-year return gap
0.5 pts
DFAS is ahead
Larger fund
DFAS
$14.0B
Side by side
| DFAS | SMLF | |
|---|---|---|
| Fund | U.S. Small Cap Portfolio ETF Class Shares | iShares U.S. Small Cap Equity Factor ETF |
| Issuer | Dimensional | iShares |
| Category | Small Cap Blend | Multi-Factor |
| Expense ratio | 0.27% | 0.15% |
| Assets | $14.0B | $4.2B |
| Average daily dollar volume | $42M | $17M |
| Listed | — | Apr 28, 2015 |
| FrenzyCap score | 80 | 88 |
| 1-month return | −0.8% | −0.7% |
| 3-month return | −2.2% | −1.1% |
| Year to date | +13.1% | +13.6% |
| 1-year return | +14.7% | +14.2% |
| 30-day volatility | 11.2% | 13.4% |
| Worst drawdown, 1 year | −9.4% | −8.9% |
| Trailing 12-month yield | 1.02% | 1.00% |
| Holdings | 2,120 | 974 |
| Top 10 weight | 2.7% | 6.4% |
| Look-through P/E | 26.7 | 42.0 |
| Holdings vs fair value | +15.4% | +12.8% |
| Holdings above 200-day average | 55% | 54% |
| Net flow, latest 3 reported months | +$575M thru Jul 2026 | +$295M thru Jul 2026 |
| 30-day implied volatility | 15.4% | 15.0% |
| Holdings as of | as of Oct 20, 2026issuer data | as of Oct 20, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
59% of DFAS · 69% of SMLF| Holding | DFAS | SMLF |
|---|---|---|
| HALO | 0.31% | 0.50% |
| AMG | 0.25% | 0.43% |
| WCC | 0.27% | 0.24% |
| BPOP | 0.23% | 0.51% |
| CRL | 0.22% | 0.23% |
| AM | 0.21% | 0.34% |
| MANH | 0.21% | 0.32% |
| ARW | 0.23% | 0.21% |
| RRC | 0.20% | 0.23% |
| RMBS | 0.20% | 0.22% |
| ALSN | 0.20% | 0.30% |
| SWKS | 0.33% | 0.20% |
| CR | 0.20% | 0.37% |
| BWA | 0.24% | 0.20% |
| JXN | 0.19% | 0.35% |
| IVZ | 0.23% | 0.19% |
| AYI | 0.19% | 0.32% |
| WTS | 0.21% | 0.19% |
| AR | 0.18% | 0.24% |
| GAP | 0.18% | 0.30% |
| HL | 0.19% | 0.18% |
| CART | 0.18% | 0.18% |
| DOCU | 0.18% | 0.23% |
| ETSY | 0.18% | 0.32% |
| IDCC | 0.24% | 0.18% |
Sector mix of the stock holdings
| Sector | DFAS | SMLF | Gap |
|---|---|---|---|
| Industrials | 21.0% | 17.8% | +3.2% |
| Financials | 19.8% | 14.3% | +5.6% |
| Technology | 13.7% | 17.2% | −3.6% |
| Health Care | 10.8% | 13.8% | −3.0% |
| Consumer Discretionary | 13.0% | 10.7% | +2.3% |
| Materials | 7.0% | 7.4% | −0.4% |
| Energy | 4.2% | 3.2% | +1.0% |
| Utilities | 3.4% | 3.3% | +0.2% |
| Real Estate | 0.5% | 5.9% | −5.4% |
| Consumer Staples | 3.6% | 2.3% | +1.3% |
| Communication Services | 1.8% | 2.5% | −0.7% |
| Other | 0.4% | 0.5% | −0.1% |
More: full overlap table · DFAS holdings · SMLF holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.