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DFSV · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is U.S. Small Cap Value Portfolio ETF Class Shares (DFSV) stock moving?
No news items or SEC filings were found for DFSV in the relevant window, so this view rests only on the 14 sessions of price and volume data. The ETF closed at 39.25 on Nov 10, up about 0.9% from 38.91 on Oct 22, and traded in a 38.15 to 40.27 range. The most notable event was the Nov 5 session, when shares fell 3.2% to 38.54 on 1.22M shares (about 1.4 times the recent average) and 6,168 trades, the highest trade count in the period. The stock hit a low close of 38.38 on Nov 6, then recovered to 39.31 on Nov 9 and 39.25 on Nov 10 on lower volume. The data shows the move but not its cause, and the rebound has held without any news to explain it, so the outlook leans neutral with low confidence.
About U.S. Small Cap Value Portfolio ETF Class Shares
DFSV is an actively managed Dimensional Fund Advisors ETF, launched in February 2022, that holds about 1,000+ small US companies trading at low prices relative to their book value. It doesn't follow a published index. Instead it uses Dimensional's rules-based, research-driven method, which screens out unprofitable firms and some sectors and leans toward the smallest, cheapest and most profitable stocks.
How the fund works
The fund owns a broad, market-cap-weighted basket of small US value stocks from roughly the bottom 10% of the US market by size. It favours companies with low price-to-book ratios and higher profitability, and it generally leaves out REITs, utilities and fast asset-growth firms. Turnover is low (roughly 10% a year), and no single holding is large: the top 10 make up only about 7–8% of assets. The expense ratio is about 0.30%, and assets are roughly $8 billion. It has no leverage and pays dividends of about 1.4% a year. Main risks are the higher volatility of small companies and long stretches when value stocks lag the market.
What usually moves DFSV
- Small-cap vs. large-cap performance cycles
- Value vs. growth stock rotation
- Interest rates and credit conditions for smaller firms
- US economic growth and recession fears
- Weight in financials, industrials and energy stocks