DFATvsNBSMETF Comparison
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Dimensional US Targeted Value ETF (DFAT) and Neuberger Berman Small-Mid Cap ETF (NBSM) belong to the same industry segment: US Multi-Factor. DFAT's top 3 sector exposures are Finance, Industrials and Consumer Cyclicals. In contrast, NBSM's top sector exposures are Finance, Industrials and Non-Energy Materials. DFAT is less expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.75% for NBSM. DFAT is up 18.95% year-to-date (YTD) with +$231M in YTD flows. NBSM performs worse with 11.19% YTD performance, and -$110M in YTD flows. Run a side-by-side ETF comparison of DFAT and NBSM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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DFAT vs NBSM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DFAT NBSM | -2.10%-3.53% | +3.57%+5.41% | +18.95%+11.19% | +21.75%+10.06% | +57.35%n/a | +69.91%n/a |
| Flows | DFAT NBSM | +$36M-$4M | +$36M-$116M | +$231M-$110M | +$369M-$91M | +$1.44B- | +$3.39B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DFAT NBSM | +11.34%+13.37% | +15.03%+14.37% | +19.71%n/a | +21.09%n/a |
| Max drawdown | DFAT NBSM | -3.35%-5.08% | -9.68%-10.22% | -26.29%n/a | -26.29%n/a |
| Max drawdown duration | DFAT NBSM | 24d25d | 65d126d | 379dn/a | 379dn/a |
Trading data
DFAT | NBSM | |
Last sale 9/11/2026 at 1:30 PM | $70.42 | $28.23 |
| Previous close 09/10/2026 | $70.02 | $28.03 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
DFAT | NBSM | |
|---|---|---|
| Last price | $70.42 | $28.23 |
| 1D performance | +0.57% | +0.71% |
| AuM | $14.42 B | $109.93 M |
| E/R | 0.28% | 0.75% |
Characteristics
DFAT | NBSM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Dimensional | Neuberger Berman |
| Benchmark | - | - |
| N° of holdings | 1178 | 77 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 14, 2021 | March 21, 2024 |
| ESG | No | Yes |
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Exposure
Countries
DFAT
USA
92.98%
Other
7.02%
NBSM
USA
95.17%
Other
4.83%
Sectors
DFAT
Finance
30.47%
Industrials
11.43%
Consumer Cyclical.
11.29%
Energy
10.92%
Consumer Non-Cycl.
8.43%
Non-Energy Materi.
8.23%
Other
19.23%
NBSM
Finance
22.69%
Industrials
18.49%
Non-Energy Materi.
10.16%
Technology
9.97%
Healthcare
9.48%
Other
29.21%
Diversification
DFAT
Total weight of top 15 holdings out of 15
9.47%
NBSM
Total weight of top 15 holdings out of 15
29.46%
Top 15 holdings
Data as of July 31, 2026
DFAT
Permian Resources Corp.
0.79%
Ovintiv, Inc.
0.79%
HF Sinclair Corp.
0.73%
Ball Corp.
0.69%
Performance Food Group Co.
0.65%
APA Corp.
0.63%
Toll Brothers, Inc.
0.63%
CNH Industrial NV
0.63%
BorgWarner, Inc.
0.62%
The J. M. Smucker Co.
0.61%
Ally Financial, Inc.
0.57%
Arrow Electronics, Inc.
0.54%
First Horizon Corp. (Tennessee)
0.54%
WESCO International, Inc.
0.53%
Invesco Ltd.
0.52%
NBSM
AptarGroup, Inc.
2.25%
Revvity, Inc.
2.24%
Gates Industrial Corp. Ltd.
2.19%
Haemonetics Corp.
2.19%
Kirby Corp.
2.07%
UMB Financial Corp.
2.06%
Community Financial System, Inc.
1.99%
White Mountains Insurance Group Ltd.
1.93%
UGI Corp.
1.85%
Stewart Information Services Corp.
1.81%
Prosperity Bancshares, Inc.
1.80%
Littelfuse, Inc.
1.80%
Jack Henry & Associates, Inc.
1.80%
Tidewater, Inc.
1.77%
CNX Resources Corp.
1.72%
Frequently asked questions about DFAT and NBSM
How have the DFAT and NBSM ETFs performed in 2026?
As of September 9, 2026, DFAT is up 18.95% year-to-date (YTD), while NBSM has returned 11.19%. That puts DFAT better performer ahead so far this year.
Which ETF is attracting more investor money: DFAT or NBSM?
Year-to-date, the DFAT ETF saw +$231M in flows, compared to -$110M for NBSM.
Which ETF is more volatile: DFAT or NBSM?
Over the past year, DFAT had a volatility of 15.03%, while NBSM experienced 14.37%.
Which ETF is bigger: DFAT or NBSM?
As of September 9, 2026, DFAT holds $14.42 B in assets under management (AUM), while NBSM manages $109.93 M.
What sectors do the DFAT and NBSM ETFs invest in?
DFAT leans toward sectors like Finance, Industrials and Consumer Cyclicals. Meanwhile, NBSM focuses on Finance, Industrials and Non-Energy Materials.
What are the top holdings of the DFAT ETF and NBSM ETF?
DFAT top holdings include Permian Resources Corp., Ovintiv, Inc. and HF Sinclair Corp.. NBSM holds in its top three: AptarGroup, Inc., Revvity, Inc. and Gates Industrial Corp. Ltd..
Which ETF is more diversified: DFAT or NBSM?
DFAT holds 1203 securities with 9.47% of its assets in the top 15. NBSM has 77 securities and a top 15 weight of 29.46%.
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