DFAWvsUSMVETF Comparison
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Dimensional World Equity ETF (DFAW) belongs to the Global Blended Cap segment. iShares MSCI USA Min Vol Factor ETF (USMV) is part of the US Low Volatility segment. DFAW's top 3 sector exposures are Technology, Finance and Industrials. In contrast, USMV's top sector exposures are Technology, Finance and Healthcare. DFAW is more expensive with a Total Expense Ratio (TER) of 0.24%, versus 0.15% for USMV. DFAW is up 14.42% year-to-date (YTD) with +$513M in YTD flows. USMV performs worse with 5.43% YTD performance, and -$363M in YTD flows. Run a side-by-side ETF comparison of DFAW and USMV 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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DFAW vs USMV performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DFAW USMV | -1.17%-2.90% | +2.90%+4.01% | +14.42%+5.43% | +18.81%+5.90% | +76.55%+39.81% | n/a+40.87% |
| Flows | DFAW USMV | +$27M-$138M | +$233M-$151M | +$513M-$363M | +$606M-$947M | +$1.32B-$12.09B | --$10.97B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DFAW USMV | +10.00%+8.82% | +12.82%+8.44% | +14.16%+10.14% | n/a+12.23% |
| Max drawdown | DFAW USMV | -3.24%-3.32% | -8.89%-6.41% | -16.84%-9.29% | n/a-17.91% |
| Max drawdown duration | DFAW USMV | 41d28d | 49d122d | 107d75d | n/a713d |
Trading data
DFAW | USMV | |
Last sale 9/25/2026 at 5:34 PM | $84.03 | $98.34 |
| Previous close 09/24/2026 | $83.65 | $98.24 |
| Consolidated volume 09/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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DFAW
is actively managed and doesn’t replicate an indexDFAW | USMV | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/25/2026 at 5:34 PM
Live
Closed
DFAW | USMV | |
|---|---|---|
| Last price | $84.03 | $98.34 |
| 1D performance | +0.45% | +0.10% |
| AuM | $1.67 B | $23.41 B |
| E/R | 0.24% | 0.15% |
Characteristics
DFAW | USMV | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Dimensional | iShares |
| Benchmark | - | MSCI USA Minimum Volatility Index |
| N° of holdings | 13403 | 166 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 26, 2023 | October 18, 2011 |
| ESG | No | No |
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Exposure
Countries
DFAW
USA
70.1%
Other
29.9%
USMV
USA
93.3%
Other
6.7%
Sectors
DFAW
Technology
28.05%
Finance
19%
Industrials
11.42%
Healthcare
8.58%
Consumer Non-Cycl.
8.56%
Other
24.39%
USMV
Technology
29.56%
Finance
14.48%
Healthcare
13.48%
Consumer Non-Cycl.
11.02%
Other
31.45%
Diversification
DFAW
Total weight of top 15 holdings out of 15
22.25%
USMV
Total weight of top 15 holdings out of 15
21.95%
Top 15 holdings
Data as of July 31, 2026
DFAW
NVIDIA Corp.
3.81%
Apple, Inc.
3.74%
Microsoft Corp.
3.10%
Amazon.com, Inc.
2.25%
Alphabet, Inc.
1.28%
Meta Platforms, Inc.
1.26%
Broadcom Inc.
0.93%
Alphabet, Inc.
0.88%
Taiwan Semiconductor Manufacturing Co., Ltd.
0.87%
JPMorgan Chase & Co.
0.83%
Micron Technology, Inc.
0.76%
Eli Lilly & Co.
0.76%
ExxonMobil Holdings Corp.
0.61%
Johnson & Johnson
0.59%
Berkshire Hathaway, Inc.
0.58%
USMV
Welltower, Inc.
1.57%
Microsoft Corp.
1.57%
Amphenol Corp.
1.57%
Chubb Ltd.
1.54%
Johnson & Johnson
1.54%
Vertex Pharmaceuticals, Inc.
1.47%
Berkshire Hathaway, Inc.
1.47%
Duke Energy Corp.
1.46%
The Southern Co.
1.44%
Cisco Systems, Inc.
1.43%
ExxonMobil Holdings Corp.
1.41%
Waste Management, Inc.
1.38%
Verizon Communications, Inc.
1.38%
Motorola Solutions, Inc.
1.37%
Merck & Co., Inc.
1.34%
Frequently asked questions about DFAW and USMV
How have the DFAW and USMV ETFs performed in 2026?
As of September 23, 2026, DFAW is up 14.42% year-to-date (YTD), while USMV has returned 5.43%. That puts DFAW better performer ahead so far this year.
Which ETF is attracting more investor money: DFAW or USMV?
Year-to-date, the DFAW ETF saw +$513M in flows, compared to -$363M for USMV.
Which ETF is more volatile: DFAW or USMV?
Over the past year, DFAW had a volatility of 12.82%, while USMV experienced 8.44%.
Which ETF is bigger: DFAW or USMV?
As of September 23, 2026, DFAW holds $1.67 B in assets under management (AUM), while USMV manages $23.41 B.
What sectors do the DFAW and USMV ETFs invest in?
DFAW leans toward sectors like Technology, Finance and Industrials. Meanwhile, USMV focuses on Technology, Finance and Healthcare.
What are the top holdings of the DFAW ETF and USMV ETF?
DFAW top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. USMV holds in its top three: Welltower, Inc., Microsoft Corp. and Amphenol Corp..
Which ETF is more diversified: DFAW or USMV?
DFAW holds 13787 securities with 22.25% of its assets in the top 15. USMV has 166 securities and a top 15 weight of 21.95%.
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