⚖️ AVUV vs DFSV Comparison · Free & No Signup

AVUV vs DFSV: Avantis vs Dimensional Small Cap Value

Both AVUV and DFSV are built on decades of academic factor research from the same intellectual lineage. AVUV was designed by former Dimensional (DFA) employees. DFSV is Dimensional's own small cap value ETF. At virtually the same cost, the differences are in implementation.

💰 DFSV is cheaper 🔬 Compare top 10 holdings → 💡 Plain-English verdict
🤝 BFF Take
Both Are Excellent. AVUV Has a Slight Edge on Profitability Tilt.

AVUV and DFSV both target the small cap value premium: the long-documented tendency of small, cheap stocks to outperform large growth stocks over time. AVUV is run by Avantis, founded by former Dimensional employees who designed its methodology. DFSV is Dimensional's own ETF vehicle. AVUV charges 0.25%; DFSV charges 0.22%. Both are actively managed in the sense that they apply factor screens rather than tracking a fixed index, but both are rules-based and low-turnover. AVUV applies a slightly stronger profitability screen, tilting toward profitable small-value companies and away from distressed deep-value names. DFSV weights more toward price-to-book value. Empirically, profitability combined with value has produced stronger risk-adjusted returns than value alone. AVUV's edge comes from this combined factor exposure. Both funds belong in any serious small-cap value allocation; AVUV's profitability tilt gives it a marginal advantage on a risk-adjusted basis.

📋 Quick Takeaways
📐AVUV: 0.25% ER, run by ex-Dimensional founders. DFSV: 0.22% ER, run by Dimensional. Same intellectual lineage.
🔬AVUV adds a stronger profitability screen on top of small cap value. DFSV weights more heavily on price-to-book.
🎯Either fund is a strong choice for small cap value factor exposure. AVUV's combined value + profitability tilt has a slight research edge.
📊 Data-Based Take: AVUV has the lower fee

Whether the lower-cost fund suits your situation depends on your existing holdings, account type, tax situation, and how you use each fund. This is a cost comparison, not a personalized recommendation.

Reviewed by a CFA® Charterholder · Data as of Jul 14, 2026 · Educational only, not financial advice
AVUV
Avantis US Small Cap Value ETF
Expense Ratio
0.25%
1-Year Return
+30.4%
AUM
$29.1B
Holdings
700
DFSV
Dimensional US Small Cap Value ETF
Expense Ratio
0.22% ✓
1-Year Return
+26.0%
AUM
$7.9B
Holdings
800

📋 AVUV vs DFSV — Key Facts Side by Side

Metric AVUV DFSV
Fund Name Avantis US Small Cap Value ETF Dimensional US Small Cap Value ETF
Issuer Avantis Dimensional
Tracks Index Active (factor-based) Active (factor-based)
Expense Ratio 0.25% 0.22% ✓
Cost per $10K/yr $25.00 $22.00
AUM $29.1B $7.9B
Holdings 700 800
Inception 2019 2022
1-Year Return +30.38% +26.01%
3-Year Return +18.77% +16.39%
5-Year Return +12.24%
Dividend Yield 1.25% 1.38%
Holdings Overlap See holdings overlap →
Avg Bid-Ask Spread 0.02% 0.03%

Expense ratio, AUM, and returns updated Jul 14, 2026 from ETF BFF database. Returns are annualised. Not investment advice.

📊 AVUV vs DFSV — Annualised Returns

Annualised returns (trailing, price-based). Past performance does not guarantee future results.

🎯 Which Fund Fits Which Investor?

Often fits investors who...
AVUV
  • already use Avantis and prefer staying within one fund family
Often fits investors who...
DFSV
  • want the lowest fees: saves ~$3/yr per $10K vs AVUV
  • already use Dimensional and prefer staying within one fund family

💰 What the Fee Difference Actually Costs

Adjust the numbers for your situation. This models each fund's expense ratio compounding against your balance over time.

Assumes a constant annual return reinvested, with each fund's expense ratio deducted yearly. Illustrative only; actual returns vary. Past performance does not guarantee future results.

🧩 What AVUV and DFSV Actually Hold in Common

Among their top holdings, AVUV and DFSV hold 1 of the same companies: Viasat Inc.

AVUV · top holdings
  • Viasat Inc 1.4%
  • Matson Inc 1.0%
  • Lantheus Holdings Inc 0.9%
  • Iridium Communications Inc 0.8%
  • Avnet Inc 0.8%
  • Macy's Inc 0.8%
  • Lear Corp 0.8%
  • GATX Corp 0.7%
  • Archrock Inc 0.7%
  • Cabot Corp 0.7%
DFSV · top holdings
  • BorgWarner Inc 0.8%
  • Knight-Swift Transportation Holdings Inc Class A 0.8%
  • HF Sinclair Corp 0.8%
  • Amkor Technology Inc 0.8%
  • Invesco Ltd 0.7%
  • Viasat Inc 0.7%
  • Arrow Electronics Inc 0.7%
  • WESCO International Inc 0.6%
  • Zions Bancorp NA 0.6%
  • Columbia Banking System Inc 0.6%

Based on each fund's largest disclosed holdings. Names marked • are held by both. Weights shift over time. For overlap beyond the top holdings shown here, the holdings overlap tool shows the full picture.

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❓ AVUV vs DFSV — Frequently Asked Questions

Both AVUV and DFSV target the small cap value factor, but they apply different screens. AVUV applies a combined profitability-plus-value screen, tilting toward profitable small companies trading at low valuations. DFSV applies a more value-centric approach weighted toward low price-to-book ratios, consistent with Dimensional's long-standing methodology. AVUV was founded by former Dimensional portfolio managers who believe adding a profitability screen improves the premium capture.
AVUV is technically actively managed: it does not track a fixed index. However, it is rules-based and systematic, applying consistent factor screens to build a diversified portfolio of small cap value stocks. The active management in AVUV is about factor implementation, not stock-picking. Turnover is relatively low compared to traditional active funds, and the methodology is transparent.
VBR and IJS track conventional small cap value indices that include many large-cap value stocks (companies too large to be truly small cap) and do not screen for profitability. AVUV and DFSV apply purer, deeper value screens and exclude unprofitable companies, which academic research suggests improves factor exposure. The small cap value premium is better captured by funds with intentional factor design than by broad index funds labeled "small cap value."
Factor investors typically allocate 10-30% of their equity portfolio to small cap value, depending on their belief in the factor premium and risk tolerance. Small cap value can underperform broad markets for extended periods. 2010-2020 was difficult before delivering strong outperformance. A 10-15% allocation in AVUV or DFSV alongside a core VTI or VOO position is a common approach among factor-tilted Boglehead-style investors.

New to ETF investing? See answers to the most common ETF questions →

📄 AVUV & DFSV Fact Sheets

AVUV Fact Sheet DFSV Fact Sheet
ℹ️ Data shown is for educational purposes and may not reflect the most current figures. Returns are trailing price-based and exclude dividend reinvestment. Past performance does not guarantee future results. ETF BFF is not a licensed financial advisor — this is not personalized financial advice.