BSVO vs DFSV: Grades, Fees and Holdings Compared

EA Bridgeway Omni Small-Cap Value ETF

BSVOANasdaq

U.S. Small Cap Value Portfolio ETF Class Shares

DFSVANYSE Arca

Overlap

26.5%by weight

Expense ratio

DFSV −0.15pt a year

BSVO0.45%DFSV0.30%

Avg volume · 30D

DFSV 4.8×the volume

BSVO198KDFSV944K

3Y return · a year

BSVO +0.4pt

BSVO+20.3%DFSV+19.9%

BSVO vs DFSV Performance

Oct 31, 2025 – Oct 30, 2026

+31.5%BSVO+27.6%DFSV

Expense ratio: BSVO 0.45%; DFSV 0.30%, better
Fund size: BSVO $2.46B; DFSV $27.8B
1Y total return: BSVO +31.5%, better; DFSV +27.6%
Yield (12M): BSVO 1.22%; DFSV 1.38%, better
Holdings: BSVO 631; DFSV 1053
Avg volume (30D): BSVO 198K sh; DFSV 944K sh, better
NAV per share: BSVO $28.99; DFSV $39.41
52W range

ETF.net Grade

Pillar letters and Scores for BSVO, DFSV, with each pillar’s weight
Pillar	BSVO	DFSV
Cost30% weight	A71	A91Higher
Mission25% weight	Not scored	B62
Risk15% weight	B60Higher	B59
Tradability15% weight	A77	A88Higher
Holdings10% weight	A72	A80Higher
Durability5% weight	A82	A97Higher

Rank among US Active Small-Cap funds

How we build Categories ›

Same Category. BSVO 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 BSVO 5th 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 85
Rank 3ADFSVU.S. Small Cap Value Portfolio ETF Class SharesScore 82
Rank 4ADUSGU.S. Small Cap Growth Portfolio: ETF Class SharesScore 75
Rank 5ABSVOEA Bridgeway Omni Small-Cap Value ETFScore 70
Rank 5AJSMLJanus Henderson Small Cap Growth Alpha ETFScore 70

Our read on each fund

ETF.net Research

BSVOAEA Bridgeway Omni Small-Cap Value ETF

DFSVAU.S. Small Cap Value Portfolio ETF Class Shares

In short

BSVO Statistical value screens cast wide across cheap small caps, run by a Houston quant shop that gives away half its profits. Live as a mutual fund since 2010, an ETF since 2023, at 0.45% a year, below the typical active small-cap fund.

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

BSVO The Fund seeks long-term total return on capital, primarily through capital appreciation. It is actively managed and invests mainly in a broad, diverse group of small-cap stocks selected as value stocks using statistical value measures.

DFSV The fund seeks long-term capital appreciation.

Why people hold it

BSVO At 0.45% with no waiver propping it up, it costs less than the category median and less than JPSV (0.55%), the other fund we track against the Russell 2000 Value Index.
Value is a statistical screen here, not a hunch, applied across a broad, diverse group of small caps, so no single stock story carries the fund.etfarchitect.com
Not a 2023 startup. The strategy dates to 2010 as a Bridgeway mutual fund and converted into this ETF on March 13, 2023, carrying its history with it.etfarchitect.com etfarchitect.com 2
Sub-adviser Bridgeway is a statistically driven Houston firm that donates half its profits to nonprofits, a pledge written into its original 1993 business plan.bridgeway.com wikipedia.org

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

BSVO Actively managed, with the Russell 2000 Value Index as a yardstick rather than a target, so results can drift from that benchmark in either direction.
Cheap small caps swing hard, and the prospectus keeps at least 80% of net assets in small-cap stocks, so there is no cash cushion by design.etfarchitect.com
Cheaper systematic rivals sit in the same aisle, including DFSV at 0.30% and AVSC at 0.25%, neither relying on a waiver. Payouts come once or twice a year, not monthly.

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 BSVO profile⁠

Full DFSV profile⁠

BSVO vs DFSV Holdings

How BSVO and DFSV differ

Overlap by weight

26.5%

Shared holdings make up 86.8% of BSVO and 27.0% of DFSV.

Level by level

Holdings498 in both26.5%
Sector11 Sectors92.1%
Countryby domicile98.6%
Asset classEquity100%

Sector

Sector weights in BSVO and DFSV, widest gap first
Sector	More in BSVOMore in DFSV	BSVO	DFSV
Financials	BSVO +6.1 points	33.7%	27.6%
Technology	DFSV +2.2 points	5.3%	7.5%
Industrials	DFSV +2.2 points	13.7%	15.9%
Health Care	DFSV +2.0 points	5.1%	7.1%
Consumer Discretionary	BSVO +1.2 points	15.8%	14.6%
Consumer Staples	DFSV +0.6 points	5.2%	5.8%
Utilities	DFSV +0.6 points	0.0%	0.6%
Communication	BSVO +0.3 points	3.1%	2.8%
Energy	BSVO +0.3 points	12.9%	12.6%
Real Estate	DFSV +0.3 points	0.5%	0.8%
Materials	DFSV +0.1 points	4.6%	4.7%

Country, concentration and asset class

Country by domicile

Country weights in BSVO and DFSV, widest gap first
Country	More in BSVOMore in DFSV	BSVO	DFSV
United States	DFSV +0.9 points	97.8%	98.7%
United Kingdom	BSVO +0.7 points	0.9%	0.2%
Other countries (11)	BSVO +0.2 points	1.3%	1.1%

Concentration

Weight in the 10 largest Holdings

BSVO8.2%
DFSV7.1%

Securities held

BSVO631
DFSV1,051

Asset class

BSVO: Equity
DFSV: Equity

Holdings

Only in BSVO133
In both498
Only in DFSV553

Only in BSVO

133 securities, 13.2% of BSVO by weight

Victoria's Secret & Co1.00%
Callaway Golf Co0.56%
Slide Insurance Holdings Inc0.49%
CoreCivic Inc0.48%
First American Government Obligations Fund 12/01/20310.46%
People Inc0.41%
Penn Entertainment Inc0.41%
Ziff Davis Inc0.39%
Spectrum Brands Holdings Inc0.39%
Pagseguro Digital Ltd0.35%
Bladex Inc0.34%
Bandwidth Inc0.32%
Sarepta Therapeutics Inc0.30%
Universal Insurance Holdings Inc0.30%
Navigator Holdings Ltd0.30%
Vistance Networks Inc0.30%
Pathward Financial Inc0.29%
Nutex Health Inc0.27%
Western Union Co/The0.27%
PROG Holdings Inc0.27%
Skyward Specialty Insurance Group Inc0.27%
Pagaya Technologies Ltd0.26%
Del Monte Corp0.25%
StoneCo Ltd0.25%
Atlanticus Holdings Corp0.25%
Heritage Insurance Holdings Inc0.23%
Castle Biosciences Inc0.23%
Safe Bulkers Inc0.22%
Hornbeck Offshore Services Inc0.21%
Upbound Group Inc0.20%
Taboola.com Ltd0.19%
Rigel Pharmaceuticals Inc0.18%
World Acceptance Corp0.17%
ProFrac Holding Corp0.15%
Gran Tierra Energy Inc0.14%
Mativ Holdings Inc0.12%
Burford Capital Ltd0.11%
Monte Rosa Therapeutics Inc0.11%
Nexxen International Ltd0.11%
Hive Digital Technologies Ltd0.10%
Liberty Latin America Ltd 9% 09/15/21750.09%
NerdWallet Inc0.08%
Valhi Inc0.08%
Ring Energy Inc0.08%
Bank of NT Butterfield & Son Ltd/The0.08%
Shoe Station Group Inc0.07%
CorMedix Inc0.06%
Luxfer Holdings PLC0.06%
Advantage Solutions Inc0.06%
Onterris Inc0.06%

Only in DFSV

553 securities, 72.9% of DFSV by weight

Skyworks Solutions Inc Common Stock USD.250.78%
Arrow Electronics Inc Common Stock USD1.00.76%
Elanco Animal Health Inc Common Stock0.75%
Hf Sinclair Corp Common Stock0.72%
Avnet Inc Common Stock USD1.00.70%
Invesco Ltd Common Stock USD.20.70%
Ovintiv Inc Common Stock0.69%
Borgwarner Inc Common Stock USD.010.68%
Southstate Bank Corp Common Stock USD2.50.66%
Jackson Financial Inc A Common Stock USD.010.65%
Knight Swift Transportation Common Stock USD.010.65%
Avantor Inc Common Stock USD.010.62%
Old National Bancorp Common Stock0.62%
Antero Resources Corp Common Stock USD.010.61%
Stanley Black & Decker Inc Common Stock USD2.50.59%
Apa Corp Common Stock USD.6250.59%
Icon PLC Common Stock EUR.060.58%
Columbia Banking System Inc Common Stock0.58%
Zions Bancorp Na Common Stock USD.0010.58%
Bio Rad Laboratories A Common Stock USD.00010.57%
Darling Ingredients Inc Common Stock USD.010.56%
Pbf Energy Inc Class A Common Stock USD.0010.53%
Prosperity Bancshares Inc Common Stock USD1.00.53%
Mohawk Industries Inc Common Stock USD.010.52%
Valley National Bancorp Common Stock0.52%
Commercial Metals Co Common Stock USD.010.51%
Sirius Xm Holdings Inc Common Stock0.51%
Kirby Corp Common Stock USD.10.50%
Eastman Chemical Co Common Stock USD.010.50%
Oshkosh Corp Common Stock USD.010.50%
Adt Inc Common Stock USD.010.49%
Matador Resources Co Common Stock USD.010.49%
Mgic Investment Corp Common Stock USD1.00.48%
Lithia Motors Inc Common Stock0.48%
Wesco International Inc Common Stock USD.010.47%
Range Resources Corp Common Stock USD.010.47%
Fnb Corp Common Stock USD.010.47%
Universal Health Services B Common Stock USD.010.47%
Transocean Ltd Common Stock CHF.10.47%
Nov Inc Common Stock USD.010.46%
Molson Coors Beverage Co B Common Stock USD.010.46%
Matson Inc Common Stock0.46%
Macy’s Inc Common Stock USD.010.45%
Graham Holdings Co Class B Common Stock USD1.00.45%
Gates Industrial Corp Ltd Common Stock USD.010.45%
Carmax Inc Common Stock USD.50.45%
United Bankshares Inc Common Stock USD2.50.45%
Murphy Oil Corp Common Stock USD1.00.43%
Agco Corp Common Stock USD.010.42%
Noble Corp PLC Common Stock USD.000010.42%

Weight gaps

The 100 widest of 498 Holdings in both funds.

Holding weights in BSVO and DFSV, widest gap first
Holding	More in BSVOMore in DFSV	BSVO	DFSV
Par Pacific Holdings IncPARR	BSVO +0.67 points	0.72%	0.05%
Hamilton Insurance Group LtdHG	BSVO +0.61 points	0.67%	0.06%
Helmerich & Payne IncHP	BSVO +0.54 points	0.83%	0.29%
Patterson-UTI Energy IncPTEN	BSVO +0.53 points	0.87%	0.34%
Scorpio Tankers IncSTNG	BSVO +0.53 points	0.87%	0.34%
Marriott Vacations Worldwide CorpVAC	BSVO +0.51 points	0.71%	0.20%
Teekay Tankers LtdTNK	BSVO +0.49 points	0.71%	0.22%
Crescent Energy CoCRGY	BSVO +0.47 points	0.76%	0.29%
Select Water Solutions IncWTTR	BSVO +0.46 points	0.53%	0.07%
International Seaways IncINSW	BSVO +0.46 points	0.85%	0.39%
Northern Oil & Gas IncNOG	BSVO +0.45 points	0.61%	0.16%
Pediatrix Medical Group IncMD	BSVO +0.43 points	0.53%	0.10%
Gulfport Energy CorpGPOR	BSVO +0.43 points	0.48%	0.05%
BKV CorpBKV	BSVO +0.43 points	0.46%	0.03%
WesBanco IncWSBC	BSVO +0.43 points	0.69%	0.26%
Encore Capital Group IncECPG	BSVO +0.42 points	0.44%	0.02%
Stagwell IncSTGW	BSVO +0.40 points	0.44%	0.04%
Talos Energy IncTALO	BSVO +0.40 points	0.61%	0.21%
SiriusPoint LtdSPNT	BSVO +0.40 points	0.60%	0.20%
Renasant CorpRNST	BSVO +0.39 points	0.64%	0.25%
National Energy Services Reunited CorpNESR	BSVO +0.39 points	0.42%	0.03%
Viasat IncVSAT	BSVO +0.39 points	0.86%	0.47%
First Financial BancorpFFBC	BSVO +0.39 points	0.63%	0.24%
Signet Jewelers LtdSIG	BSVO +0.38 points	0.70%	0.32%
American Eagle Outfitters IncAEO	BSVO +0.38 points	0.59%	0.21%
Simmons First National CorpSFNC	BSVO +0.38 points	0.57%	0.19%
Harley-Davidson IncHOG	BSVO +0.37 points	0.59%	0.22%
BankUnited IncBKU	BSVO +0.38 points	0.60%	0.22%
United Natural Foods IncUNFI	BSVO +0.36 points	0.56%	0.20%
Customers Bancorp IncCUBI	BSVO +0.37 points	0.56%	0.19%
ArcBest CorpARCB	BSVO +0.36 points	0.52%	0.16%
ABM Industries IncABM	BSVO +0.36 points	0.61%	0.25%
NetScout Systems IncNTCT	BSVO +0.36 points	0.56%	0.20%
Kohl's CorpKSS	BSVO +0.36 points	0.55%	0.19%
Peabody Energy CorpBTU	BSVO +0.35 points	0.51%	0.16%
Bread Financial Holdings IncBFH	BSVO +0.35 points	0.72%	0.37%
Banc of California IncBANC	BSVO +0.34 points	0.53%	0.19%
OFG BancorpOFG	BSVO +0.34 points	0.39%	0.05%
Trinity Industries IncTRN	BSVO +0.34 points	0.48%	0.14%
Sonic Automotive IncSAH	BSVO +0.33 points	0.40%	0.07%
Phinia IncPHIN	BSVO +0.33 points	0.49%	0.16%
Pelagos Insurance Capital LtdPLGO	BSVO +0.34 points	0.46%	0.12%
Academy Sports & Outdoors IncASO	BSVO +0.33 points	0.59%	0.26%
Provident Financial Services IncPFS	BSVO +0.32 points	0.55%	0.23%
AMN Healthcare Services IncAMN	BSVO +0.31 points	0.37%	0.06%
Worthington Steel IncWS	BSVO +0.31 points	0.42%	0.11%
1st Source CorpSRCE	BSVO +0.31 points	0.39%	0.08%
Beacon Financial CorpBBT	BSVO +0.30 points	0.48%	0.18%
Innovex International IncINVX	BSVO +0.31 points	0.40%	0.09%
Dorian LPG LtdLPG	BSVO +0.30 points	0.46%	0.16%
Trustmark CorpTRMK	BSVO +0.30 points	0.48%	0.18%
Horace Mann Educators CorpHMN	BSVO +0.30 points	0.39%	0.09%
Newell Brands IncNWL	BSVO +0.29 points	0.44%	0.15%
First Merchants CorpFRME	BSVO +0.28 points	0.46%	0.18%
Allegiant Travel CoALGT	BSVO +0.29 points	0.39%	0.10%
Banner CorpBANR	BSVO +0.28 points	0.44%	0.16%
EZCORP IncEZPW	BSVO +0.28 points	0.32%	0.04%
Central Garden & Pet CoCENTA	BSVO +0.28 points	0.42%	0.14%
Pacira BioSciences IncPCRX	BSVO +0.28 points	0.31%	0.03%
Kennametal IncKMT	BSVO +0.27 points	0.44%	0.17%
Dana IncDAN	BSVO +0.27 points	0.50%	0.23%
QCR Holdings IncQCRH	BSVO +0.27 points	0.33%	0.06%
Expro LtdXPRO	BSVO +0.27 points	0.40%	0.13%
Enterprise Financial Services CorpEFSC	BSVO +0.27 points	0.43%	0.16%
NMI Holdings IncNMIH	BSVO +0.27 points	0.47%	0.20%
Cracker Barrel Old Country Store IncCBRL	BSVO +0.27 points	0.28%	<0.01%
Nabors Industries LtdNBR	BSVO +0.27 points	0.30%	0.03%
WaFd IncWAFD	BSVO +0.27 points	0.43%	0.16%
Sally Beauty Holdings IncSBH	BSVO +0.26 points	0.38%	0.12%
First Busey CorpBUSE	BSVO +0.27 points	0.44%	0.17%
Ardent Health IncARDT	BSVO +0.26 points	0.27%	0.01%
SFL Corp LtdSFL	BSVO +0.26 points	0.39%	0.13%
Federal Agricultural Mortgage CorpAGM	BSVO +0.26 points	0.33%	0.07%
Republic Bancorp Inc/KYRBCAA	BSVO +0.24 points	0.29%	0.05%
Perrigo Co PLCPRGO	BSVO +0.25 points	0.36%	0.11%
Andersons Inc/TheANDE	BSVO +0.25 points	0.44%	0.19%
Borr Drilling LtdBORR	BSVO +0.24 points	0.25%	<0.01%
Amalgamated Financial CorpAMAL	BSVO +0.24 points	0.28%	0.04%
Liberty Energy IncLBRT	BSVO +0.25 points	0.43%	0.18%
Maximus IncMMS	BSVO +0.24 points	0.34%	0.10%
Costamare IncCMRE	BSVO +0.24 points	0.37%	0.13%
Nordic American Tankers LtdNAT	BSVO +0.24 points	0.34%	0.10%
BJ's Restaurants IncBJRI	BSVO +0.24 points	0.27%	0.03%
Concentrix CorpCNXC	BSVO +0.23 points	0.29%	0.06%
Hilltop Holdings IncHTH	BSVO +0.23 points	0.33%	0.10%
Origin Bancorp IncOBK	BSVO +0.23 points	0.32%	0.09%
World Kinect CorpWKC	BSVO +0.23 points	0.39%	0.16%
Visteon CorpVC	BSVO +0.23 points	0.35%	0.12%
Dime Commercial Bancshares IncDCOM	BSVO +0.22 points	0.34%	0.12%
Huntsman CorpHUN	BSVO +0.22 points	0.30%	0.08%
Stepan CoSCL	BSVO +0.22 points	0.32%	0.10%
Werner Enterprises IncWERN	BSVO +0.22 points	0.34%	0.12%
Byline Bancorp IncBY	BSVO +0.22 points	0.33%	0.11%
National Bank Holdings CorpNBHC	BSVO +0.21 points	0.31%	0.10%
Ryerson Holding CorpRYZ	BSVO +0.21 points	0.32%	0.11%
Liberty Latin America LtdLILAK	BSVO +0.21 points	0.29%	0.08%
Custom Truck One Source IncCTOS	BSVO +0.20 points	0.26%	0.06%
Innoviva IncINVA	BSVO +0.20 points	0.31%	0.11%
S&T Bancorp IncSTBA	BSVO +0.20 points	0.33%	0.13%
Burke & Herbert Financial Services CorpBHRB	BSVO +0.20 points	0.23%	0.03%

All BSVO 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.

BSVO vs DFSV Cost

Overpaying BSVO vs DFSV

$2,892

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

BSVO 0.45%
$9,041
DFSV 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

BSVO 0.45%
DFSV 0.30%
Overpaying

Year by year

Year	BSVO	DFSV	Overpaying
10	$812	$545	$267
20	$3,128	$2,113	$1,015
30	$9,041	$6,149	$2,892

Expense ratio

0.45%BSVO
0.30%DFSV, cheaper

DFSV0.30%BSVO0.45%

0.25%2.20%

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

DFSV 4th cheapest of 39 funds

BSVO 12th cheapest of 39 funds

BSVO vs DFSV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BSVO 1.22%; DFSV 1.38%, better
Payout (12M): BSVO $0.35; DFSV $0.54
Last payment: BSVO $0.35; DFSV $0.15
Ex-dividend: BSVO Dec 16, 2025; DFSV Sep 22, 2026
Paid on: BSVO Dec 18, 2025; DFSV Sep 24, 2026
Frequency: BSVO Annual; DFSV Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

BSVOAnnual · 5 paymentsAll BSVO payments⁠

DFSVQuarterly · 19 paymentsAll DFSV payments⁠

BSVO vs DFSV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BSVO 19.5%DFSV 18.4%, better
Return per unit of riskSharpe ratio, 3 years: BSVO 0.82DFSV 0.84, better
Worst fallMax drawdown, 5 years: BSVO −28.7%since Mar 2023DFSV −28.0%since Feb 2022
Market sensitivityBeta, 5 years: BSVO 1.02DFSV 1.04; Market = 1

BSVO 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, 2026BSVODFSV

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