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Dimensional U.S. Small Cap ETF

DFAS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 15 1998
Expense Ratio
0.28%
Type
US Equities
Fund Owner
Dimensional
Volume (1m avg. daily)
$11,639,421
AUM
$5,462,370,830
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

CMC
Commercial Metals Co.
0.38%
SAIA
Saia Inc.
0.37%
CRUS
Cirrus Logic, Inc.
0.34%
MUSA
Murphy USA Inc
0.34%
LPX
Louisiana-Pacific Corp.
0.34%
UFPI
UFP Packaging LLC
0.33%
FCN
FTI Consulting Inc.
0.32%
AMKR
AMKOR Technology Inc.
0.32%
TKR
Timken Co.
0.31%
SIGI
Selective Insurance Group Inc.
0.31%
Invest with DFAS

What is DFAS?

The investment objective of the Dimensional U.S. Small Cap ETF (the "US Small Cap ETF" or "Portfolio") is to achieve long-term capital appreciation while minimizing federal income taxes on returns. To achieve its investment objective, the US Small Cap ETF, using a market capitalization weighted approach,generally purchases a broad and diverse group of securities of U.S. small cap companies. A company s marketcapitalization is the number of its shares outstanding times its price per share. In general, the higher the relativemarket capitalization of the U.S. small cap company, the greater its representation in the Portfolio. The Advisormay increase or decrease the Portfolio s exposure to an eligible company, or exclude a company, afterconsidering such factors as free float, momentum, trading strategies, liquidity, relative price, profitability,investment characteristics, and other factors that the Advisor determines to be appropriate.

ETFs related toDFAS

ETFs correlated to DFAS include JMEE, IJR, FNDA

DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
JMEE
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Market Expansion Enhanced Equity ETF
IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
FNDA
Schwab Strategic Trust - Schwab Fundamental U.S. Small Company Index ETF
SLY
SPDR Series Trust - SPDR S&P 600 Small Cap ETF
SPSM
SSgA Active Trust - SPDR Portfolio S&P 600 Small Cap ETF
VIOO
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 ETF
MVV
ProShares Trust - ProShares Ultra MidCap400 2X Shares
EWMC
Invesco Capital Management LLC - Invesco S&P MidCap 400 Equal Weight ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toDFAS

#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

Risk Rating

Moderate

#INC

Dynamic Income

Category

Composer's Picks

Risk Rating

Moderate

Create your own algorithmic trading strategy with DFAS using Composer

FAQ

DFAS is a US Equities ETF. The investment objective of the Dimensional U.S. Small Cap ETF (the "US Small Cap ETF" or "Portfolio") is to achieve long-term capital appreciation while minimizing federal income taxes on returns. To achieve its investment objective, the US Small Cap ETF, using a market capitalization weighted approach,generally purchases a broad and diverse group of securities of U.S. small cap companies. A company s marketcapitalization is the number of its shares outstanding times its price per share. In general, the higher the relativemarket capitalization of the U.S. small cap company, the greater its representation in the Portfolio. The Advisormay increase or decrease the Portfolio s exposure to an eligible company, or exclude a company, afterconsidering such factors as free float, momentum, trading strategies, liquidity, relative price, profitability,investment characteristics, and other factors that the Advisor determines to be appropriate.

The top holdings for DFAS include Commercial Metals Co., Saia Inc., and Cirrus Logic, Inc..

DFAS has 2023 total holdings.

Yes, DFAS is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, DFAS is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DFAS is 0.0908%. This is the percent change in the value of DFAS over the most recent 1-month period. The 3-month return on DFAS is 0.1176%. This is the percent change in the value of DFAS over the most recent 3-month period.

The standard deviation of DFAS for the past year is 0.2528%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DFAS include SDY, VYM, and DVY.

ETFs correlated to DFAS include JMEE, IJR, and FNDA.

ETFs that are inversely correlated to DFAS include TZA, TWM, and RWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.