AIMS vs DFSV: Grades, Fees and Holdings Compared

Acuitas Small Cap Active ETF

AIMSDNasdaq

U.S. Small Cap Value Portfolio ETF Class Shares

DFSVANYSE Arca

Overlap

6.6%by weight

Expense ratio

DFSV −0.45pt a year

AIMS0.75%DFSV0.30%

Avg volume · 30D

DFSV 196.9×the volume

AIMS4.73KDFSV932K

AIMS vs DFSV Performance

Aug 7, 2026 – Nov 9, 2026

−6.3%AIMS−2.1%DFSV

Expense ratio: AIMS 0.75%; DFSV 0.30%, better
Fund size: AIMS $81M; DFSV $27.1B
1Y total return: AIMS No data; DFSV +27.2%
Yield (12M): AIMS No data; DFSV 1.38%
Holdings: AIMS 284; DFSV 1053
Avg volume (30D): AIMS 4.73K sh; DFSV 932K sh, better
NAV per share: AIMS $26.26; DFSV $38.40
52W range

ETF.net Grade

Pillar letters and Scores for AIMS, DFSV, with each pillar’s weight
Pillar	AIMS	DFSV
Cost30% weight	F23	A91Higher
Mission25% weight	Not scored	B62
Risk15% weight	C44	B61Higher
Tradability15% weight	D39	A85Higher
Holdings10% weight	B63	A80Higher
Durability5% weight	C45	A97Higher

Rank among US Active Small-Cap funds

How we build Categories ›

Same Category. AIMS and DFSV are both graded against the same 39 US Active Small-Cap funds, so their Grades compare head to head.

US Active Small-Cap⁠

Category · 39 funds

See all 39 ›

DFSV ranks 3rd and AIMS 28th of 39 funds in the US Active Small-Cap Category.

Rank 1AAVSCAvantis U.S. Small Cap Equity ETFScore 88
Rank 2AFESMFidelity Enhanced Small Cap ETFScore 86
Rank 3ADFSVU.S. Small Cap Value Portfolio ETF Class SharesScore 82
Rank 4ADUSGU.S. Small Cap Growth Portfolio: ETF Class SharesScore 76
Rank 27CAFSCabrdn Focused U.S. Small Cap Active ETFScore 40
Rank 28DAIMSAcuitas Small Cap Active ETFScore 37
Rank 29DBUSMEA Bridgeway Ultra-Small Company Market ETFScore 35

Our read on each fund

ETF.net Research

AIMSDAcuitas Small Cap Active ETF

DFSVAU.S. Small Cap Value Portfolio ETF Class Shares

In short

AIMS A Seattle boutique's institutional playbook in one ticker: AIMS blends model portfolios from several specialist small and microcap managers, and deliberately declines to drift up into midcaps.

DFSV Small-cap value, spread wide: roughly a thousand of the market's cheaper small companies, measured against the Russell 2000 Value Index. A deeper bench than most rivals carry, at a higher price than the plain index funds beside it.

Stated mandate

AIMS The Fund seeks long-term capital appreciation.

DFSV The fund seeks long-term capital appreciation.

Why people hold it

AIMS Multi-manager by design: Acuitas allocates across a curated group of institutional small cap managers and blends their models, rather than riding one stockpicker.acuitasfunds.com globenewswire.com
Stays genuinely small. The fund is benchmarked to the Russell 2000 and built to hold true small caps, with room for microcaps, instead of drifting up into midcaps.globenewswire.com acuitasfunds.com
One mandate, plain and simple: long-term capital appreciation from equities, held in a standard 1940 Act fund wrapper.

DFSV Roughly 1,000 holdings spread the small-value bet across the whole opportunity set instead of a handful of names.
A multi-billion-dollar fund that trades actively, so getting a position on or off is rarely the hard part.
Portfolio construction is the strong suit here: broad, diversified small-cap value exposure, with distributions paid quarterly.
The mandate is plainly stated: long-term capital appreciation from US stocks, no side quests.

Worth knowing

AIMS Costs 0.75% a year, above the roughly 0.52% cohort median for active small cap ETFs and well north of the 0.25% charged by AVUV and AVSC.
Launched in 2026, so the ETF record is short, and the fund is non-diversified, meaning individual positions can swing it more than a broad index would.usnews.com
Volume is light next to the category's household names, so intraday spreads can run wider.

DFSV At 0.30% a year it costs more than the typical US value ETF (median 0.18%), and VTWV runs against the same Russell 2000 Value benchmark for 0.06%.
Small-cap value is a bumpier corner than the large-cap value funds anchoring this group (VTV, SCHV), and the ride shows it.
Launched in 2022, so its live record is short next to the value funds it sits beside.

Full AIMS profile⁠

Full DFSV profile⁠

AIMS vs DFSV Holdings

How AIMS and DFSV differ

Overlap by weight

6.6%

Shared holdings make up 34.9% of AIMS and 7.1% of DFSV.

Level by level

Holdings118 in both6.6%
Sector11 Sectors73.0%
Countryby domicile95.9%
Asset classStocks100%

Sector

Sector weights in AIMS and DFSV, widest gap first
Sector	Gap	AIMS	DFSV
Health Care	AIMS +11.4 points	18.7%	7.3%
Financials	DFSV +10.5 points	17.5%	28.0%
Technology	AIMS +7.5 points	15.5%	8.0%
Energy	DFSV +7.3 points	4.9%	12.2%
Consumer Discretionary	DFSV +6.7 points	7.7%	14.4%
Industrials	AIMS +3.2 points	18.7%	15.5%
Real Estate	AIMS +3.2 points	4.0%	0.8%
Utilities	AIMS +1.7 points	2.3%	0.6%
Communication	DFSV +1.2 points	1.5%	2.7%
Consumer Staples	DFSV +1.0 points	4.7%	5.7%
Materials	DFSV +0.3 points	4.6%	4.9%

Country, concentration and asset class

Country by domicile

Country weights in AIMS and DFSV, widest gap first
Country	Gap	AIMS	DFSV
United States	DFSV +3.3 points	95.5%	98.8%
Israel	AIMS +1.9 points	1.9%	0.0%
Jordan	AIMS +0.6 points	0.6%	0.0%
Brazil	DFSV +0.5 points	0.0%	0.5%
Other countries (12)	AIMS +1.4 points	2.0%	0.6%

Concentration

Weight in the 10 largest Holdings

AIMS13.5%
DFSV6.9%

Securities held

AIMS283
DFSV1,052

Asset class

AIMS: Stocks
DFSV: Stocks

Holdings

Only in AIMS165
In both118
Only in DFSV934

Only in AIMS

165 securities, 65.1% of AIMS by weight

First American Government Obligations Fund 12/01/20312.68%
Ligand Pharmaceuticals Inc1.77%
Palomar Holdings Inc1.30%
Triumph Financial Inc1.29%
iRadimed Corp1.16%
PDF Solutions Inc1.14%
Ryman Hospitality Properties Inc0.96%
Mesa Laboratories Inc0.95%
UFP Technologies Inc0.93%
Astrana Health Inc0.90%
LeMaitre Vascular Inc0.86%
AtriCure Inc0.81%
Willdan Group Inc0.81%
Black Hills Corp0.76%
Red Rock Resorts Inc0.73%
Chesapeake Utilities Corp0.69%
Mama's Creations Inc0.69%
Huron Consulting Group Inc0.68%
Ducommun Inc0.68%
Hackett Group Inc/The0.65%
StoneX Group Inc0.65%
Digi International Inc0.64%
Workiva Inc0.64%
Xometry Inc0.64%
Pennant Group Inc/The0.63%
InterDigital Inc0.63%
Atmus Filtration Technologies Inc0.63%
Preformed Line Products Co0.63%
Lifeway Foods Inc0.61%
Healthcare Services Group Inc0.61%
Northeast Bank0.60%
Kodiak Gas Services Inc0.60%
United States Lime & Minerals Inc0.58%
Red Violet Inc0.56%
Phibro Animal Health Corp0.56%
Vita Coco Co Inc/The0.55%
Allot Ltd0.53%
Excelerate Energy Inc0.52%
Global-e Online Ltd0.51%
CRA International Inc0.50%
Vericel Corp0.50%
Liquidity Services Inc0.50%
International General Insurance Holdings Ltd0.49%
Agilysys Inc0.49%
Solaris Energy Infrastructure Inc0.48%
Stevanato Group SpA0.48%
Frequency Electronics Inc0.47%
Cricut Inc0.47%
Axogen Inc0.45%
Grand Canyon Education Inc0.45%

Only in DFSV

934 securities, 92.7% of DFSV by weight

Elanco Animal Health Inc Common Stock0.86%
Skyworks Solutions Inc Common Stock USD.250.74%
Stanley Black & Decker Inc Common Stock USD2.50.68%
Invesco Ltd Common Stock USD.20.68%
Southstate Bank Corp Common Stock USD2.50.67%
Jackson Financial Inc A Common Stock USD.010.65%
Old National Bancorp Common Stock0.65%
Arrow Electronics Inc Common Stock USD1.00.65%
Borgwarner Inc Common Stock USD.010.64%
Knight Swift Transportation Common Stock USD.010.64%
Mohawk Industries Inc Common Stock USD.010.63%
Avnet Inc Common Stock USD1.00.62%
Avantor Inc Common Stock USD.010.61%
Sirius Xm Holdings Inc Common Stock0.60%
Columbia Banking System Inc Common Stock0.59%
Zions Bancorp Na Common Stock USD.0010.58%
Bio Rad Laboratories A Common Stock USD.00010.58%
Icon PLC Common Stock EUR.060.57%
Hf Sinclair Corp Common Stock0.56%
Antero Resources Corp Common Stock USD.010.56%
Universal Health Services B Common Stock USD.010.54%
Prosperity Bancshares Inc Common Stock USD1.00.54%
Valley National Bancorp Common Stock0.54%
Ovintiv Inc Common Stock0.53%
Apa Corp Common Stock USD.6250.53%
Darling Ingredients Inc Common Stock USD.010.53%
Oshkosh Corp Common Stock USD.010.51%
Lithia Motors Inc Common Stock0.51%
Adt Inc Common Stock USD.010.50%
Commercial Metals Co Common Stock USD.010.50%
Mgic Investment Corp Common Stock USD1.00.49%
Eastman Chemical Co Common Stock USD.010.49%
Pbf Energy Inc Class A Common Stock USD.0010.49%
Molson Coors Beverage Co B Common Stock USD.010.49%
Graham Holdings Co Class B Common Stock USD1.00.49%
Conagra Brands Inc Common Stock USD5.00.48%
Fnb Corp Common Stock USD.010.47%
Mosaic Co/The Common Stock USD.010.46%
United Bankshares Inc Common Stock USD2.50.46%
Agco Corp Common Stock USD.010.45%
Matson Inc Common Stock0.44%
Range Resources Corp Common Stock USD.010.44%
Macy’s Inc Common Stock USD.010.44%
Carmax Inc Common Stock USD.50.44%
Nov Inc Common Stock USD.010.44%
Kirby Corp Common Stock USD.10.43%
Gates Industrial Corp Ltd Common Stock USD.010.43%
Matador Resources Co Common Stock USD.010.42%
Lincoln National Corp Common Stock0.41%
Western Alliance Bancorp Common Stock USD.00010.40%

Weight gaps

The 100 widest of 118 Holdings in both funds.

Holding weights in AIMS and DFSV, widest gap first
Holding	Gap	AIMS	DFSV
Metropolitan Bank Holding CorpMCB	AIMS +1.06 points	1.10%	0.04%
Covenant Trans Inc - Class ACVLG	AIMS +1.02 points	1.06%	0.04%
Business First Bancshares IncBFST	AIMS +0.96 points	1.01%	0.05%
OneSpan IncOSPN	AIMS +0.82 points	0.87%	0.05%
Stagwell IncSTGW	AIMS +0.68 points	0.71%	0.03%
Middleby Corp/TheMIDD	AIMS +0.63 points	0.68%	0.05%
Merit Medical Systems IncMMSI	AIMS +0.63 points	0.64%	0.01%
Magnolia Oil & Gas CorpMGY	AIMS +0.58 points	0.61%	0.03%
Esab CorpESAB	AIMS +0.58 points	0.65%	0.07%
Helen of Troy LtdHELE	AIMS +0.53 points	0.56%	0.03%
Koppers Holdings IncKOP	AIMS +0.53 points	0.57%	0.04%
Coastal Financial Corp/WACCB	AIMS +0.51 points	0.51%	<0.01%
Bridgewater Bancshares IncBWB	AIMS +0.49 points	0.51%	0.02%
Cushman & Wakefield LtdCWK	AIMS +0.47 points	0.69%	0.22%
Wabash National CorpWNC	AIMS +0.46 points	0.47%	0.01%
Cabot CorpCBT	AIMS +0.46 points	0.46%	<0.01%
Kelly Services IncKELYA	AIMS +0.43 points	0.45%	0.02%
Interface IncTILE	AIMS +0.42 points	0.45%	0.03%
Provident Financial Services IncPFS	AIMS +0.42 points	0.65%	0.23%
NPK International IncNPKI	AIMS +0.40 points	0.40%	<0.01%
Tecnoglass Holdings IncTGLS	AIMS +0.39 points	0.40%	0.01%
McGrath RentCorpMGRC	AIMS +0.38 points	0.43%	0.05%
Limoneira CoLMNR	AIMS +0.38 points	0.38%	<0.01%
Green Brick Partners IncGRBK	AIMS +0.36 points	0.50%	0.14%
nCino IncNCNO	AIMS +0.34 points	0.40%	0.06%
Barnes & Noble Education IncBNED	AIMS +0.32 points	0.32%	<0.01%
J Jill IncJILL	AIMS +0.32 points	0.32%	<0.01%
ICF International IncICFI	AIMS +0.31 points	0.41%	0.10%
First Financial CorpTHFF	AIMS +0.30 points	0.36%	0.06%
Merchants Bancorp/INMBIN	AIMS +0.29 points	0.37%	0.08%
Caleres Inc ComCAL	AIMS +0.29 points	0.31%	0.02%
ACCO Brands CorpACCO	AIMS +0.29 points	0.32%	0.03%
ConnectOne Bancorp IncCNOB	AIMS +0.28 points	0.40%	0.12%
Live Oak Bancshares IncLOB	AIMS +0.28 points	0.29%	0.01%
Plumas BancorpPLBC	AIMS +0.28 points	0.28%	<0.01%
Concentrix CorpCNXC	AIMS +0.28 points	0.34%	0.06%
Perdoceo Education CorpPRDO	AIMS +0.27 points	0.37%	0.10%
Utah Medical Products IncUTMD	AIMS +0.27 points	0.27%	<0.01%
Preferred Bank/Los Angeles CAPFBC	AIMS +0.27 points	0.27%	<0.01%
ePlus IncPLUS	AIMS +0.26 points	0.40%	0.14%
Carter's IncCRI	AIMS +0.26 points	0.34%	0.08%
QCR Holdings IncQCRH	AIMS +0.25 points	0.31%	0.06%
Ormat Technologies IncORA	AIMS +0.25 points	0.35%	0.10%
Designer Brands IncDBI	AIMS +0.25 points	0.27%	0.02%
Bank OzkOZK	AIMS +0.25 points	0.66%	0.41%
BOK Financial CorpBOKF	DFSV +0.25 points	0.07%	0.32%
Insteel Industries IncIIIN	AIMS +0.24 points	0.28%	0.04%
Asure Software IncASUR	AIMS +0.24 points	0.25%	<0.01%
Universal Logistics Holdings IULH	AIMS +0.24 points	0.25%	0.01%
Photronics IncPLAB	AIMS +0.23 points	0.35%	0.12%
NetScout Systems IncNTCT	AIMS +0.24 points	0.40%	0.16%
Immersion CorpIMMR	AIMS +0.23 points	0.24%	<0.01%
Columbus McKinnon Corp/NYCMCO	AIMS +0.23 points	0.23%	<0.01%
Willis Lease Finance CorpWLFC	AIMS +0.23 points	0.34%	0.11%
FS Bancorp IncFSBW	AIMS +0.22 points	0.24%	0.02%
Prestige Consumer Healthcare IncPBH	AIMS +0.23 points	0.36%	0.13%
N-able Inc/USNABL	AIMS +0.22 points	0.26%	0.04%
Kaiser Aluminum CorpKALU	AIMS +0.22 points	0.26%	0.04%
Tactile Systems Technology IncTCMD	AIMS +0.22 points	0.24%	0.02%
California BanCorpBCAL	AIMS +0.21 points	0.23%	0.02%
Orion Group Holdings IncORN	AIMS +0.21 points	0.21%	<0.01%
Aebi Schmidt Holding AGAEBI	AIMS +0.21 points	0.22%	0.01%
Ennis IncEBF	AIMS +0.21 points	0.26%	0.05%
Hyster-Yale IncHY	AIMS +0.19 points	0.20%	0.01%
Burke & Herbert Financial Services CorpBHRB	AIMS +0.19 points	0.22%	0.03%
Monro IncMNRO	AIMS +0.19 points	0.21%	0.02%
Espey Mfg. & Electronics CorpESP	AIMS +0.18 points	0.18%	<0.01%
Heritage Financial Corp/WAHFWA	AIMS +0.17 points	0.25%	0.08%
Lindsay CorpLNN	AIMS +0.17 points	0.19%	0.02%
SandRidge Energy IncSD	AIMS +0.17 points	0.18%	<0.01%
Ranger Energy Services IncRNGR	AIMS +0.15 points	0.17%	0.02%
Select Water Solutions IncWTTR	AIMS +0.14 points	0.20%	0.06%
TETRA Technologies IncTTI	AIMS +0.15 points	0.15%	<0.01%
Hudson Technologies IncHDSN	AIMS +0.15 points	0.16%	0.01%
Natural Gas Services Group IncNGS	AIMS +0.14 points	0.17%	0.03%
American Coastal Insurance CorpACIC	AIMS +0.14 points	0.14%	<0.01%
Allegiant Travel CoALGT	AIMS +0.14 points	0.28%	0.14%
Kura Sushi USA IncKRUS	AIMS +0.14 points	0.14%	<0.01%
National HealthCare CorpNHC	AIMS +0.13 points	0.32%	0.19%
Mistras Group IncMG	AIMS +0.12 points	0.16%	0.04%
PRA Group IncPRAA	AIMS +0.13 points	0.15%	0.02%
First Western Financial IncMYFW	AIMS +0.12 points	0.13%	0.01%
Bloomin' Brands IncBLMN	AIMS +0.12 points	0.17%	0.05%
Concrete Pumping Holdings IncBBCP	AIMS +0.11 points	0.14%	0.03%
Marten Transport LtdMRTN	AIMS +0.12 points	0.19%	0.07%
American Eagle Outfitters IncAEO	DFSV +0.11 points	0.10%	0.21%
Grid Dynamics Holdings IncGDYN	AIMS +0.11 points	0.16%	0.05%
OPENLANE IncOPLN	AIMS +0.11 points	0.21%	0.10%
Grocery Outlet Holding CorpGO	AIMS +0.10 points	0.11%	<0.01%
Stewart Information Services CorpSTC	AIMS +0.09 points	0.16%	0.07%
Standard Motor Products IncSMP	AIMS +0.10 points	0.17%	0.07%
Core Molding Technologies IncCMT	AIMS +0.09 points	0.10%	0.01%
LSI Industries IncLYTS	AIMS +0.09 points	0.10%	<0.01%
Core Laboratories IncCLB	AIMS +0.09 points	0.10%	<0.01%
Knowles CorpKN	AIMS +0.08 points	0.10%	0.02%
CNX Resources CorpCNX	AIMS +0.08 points	0.44%	0.36%
Ribbon Communications IncRBBN	AIMS +0.07 points	0.08%	<0.01%
MVB Financial CorpMVBF	AIMS +0.08 points	0.09%	0.01%
Hurco Cos IncHURC	AIMS +0.07 points	0.08%	<0.01%
Zumiez IncZUMZ	AIMS +0.06 points	0.08%	0.02%

All AIMS holdings⁠All 1,015 DFSV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AIMS vs DFSV Cost

Overpaying AIMS vs DFSV

$8,333

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

AIMS 0.75%
$14,482
DFSV 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

AIMS 0.75%
DFSV 0.30%
Overpaying

Year by year

Year	AIMS	DFSV	Overpaying
10	$1,336	$545	$791
20	$5,078	$2,113	$2,965
30	$14,482	$6,149	$8,333

Expense ratio

0.75%AIMS
0.30%DFSV, cheaper

DFSV0.30%AIMS0.75%

0.25%2.20%

Middle half of US Active Small-Cap funds
Median 0.55%

DFSV 4th cheapest of 39 funds

AIMS 29th cheapest of 39 funds

AIMS vs DFSV Dividends

Last 12 months to Nov 9, 2026

Yield (12M): AIMS No data; DFSV 1.38%
Payout (12M): AIMS None; DFSV $0.54
Last payment: AIMS No data; DFSV $0.15
Ex-dividend: AIMS No data; DFSV Sep 22, 2026
Paid on: AIMS No data; DFSV Sep 24, 2026
Frequency: AIMS No data; DFSV Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

AIMSAll AIMS payments⁠

No distribution history available.

DFSVQuarterly · 19 paymentsAll DFSV payments⁠

AIMS vs DFSV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AIMS No dataDFSV 18.4%
Return per unit of riskSharpe ratio, 3 years: AIMS No dataDFSV 0.84
Worst fallMax drawdown, 5 years: AIMS No dataDFSV −28.0%since Feb 2022
Market sensitivityBeta, 5 years: AIMS 0.87DFSV 1.03; Market = 1

AIMS and DFSV in the news

All news⁠

New ETFs
Bridgeway's BRSV is a converted 2003 fund, not a new small-cap value strategy
Sep 10, 2026DFSV

Popular comparisons

AIMSDvsAVSCA
Acuitas Small Cap Active ETF · Avantis U.S. Small Cap Equity ETF
Expense ratio
0.75% · 0.25%
Category
DFSVAvsAVSCA
U.S. Small Cap Value Portfolio ETF Class Shares · Avantis U.S. Small Cap Equity ETF
Expense ratio
0.30% · 0.25%
Category
AIMSDvsFESMA
Acuitas Small Cap Active ETF · Fidelity Enhanced Small Cap ETF
Expense ratio
0.75% · 0.28%
Category
DFSVAvsFESMA
U.S. Small Cap Value Portfolio ETF Class Shares · Fidelity Enhanced Small Cap ETF
Expense ratio
0.30% · 0.28%
Category
AIMSDvsDUSGA
Acuitas Small Cap Active ETF · U.S. Small Cap Growth Portfolio: ETF Class Shares
Expense ratio
0.75% · 0.33%
Category
DFSVAvsDUSGA
U.S. Small Cap Value Portfolio ETF Class Shares · U.S. Small Cap Growth Portfolio: ETF Class Shares
Expense ratio
0.30% · 0.33%
Category

AIMS vs DFSV

In short

Stated mandate

Why people hold it

Worth knowing

How AIMS and DFSV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in AIMS

Only in DFSV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Bridgeway's BRSV is a converted 2003 fund, not a new small-cap value strategy

How AIMS and DFSV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in AIMS

Only in DFSV

Weight gaps