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DFMC vs HWSM

U.S. Micro Cap Portfolio ETF

DFMCANYSE Arca

Hotchkis & Wiley SMID Cap Diversified Value Fund

HWSMCNasdaq

Overlap

Expense ratio

DFMC −0.12pt a year

DFMC0.43%HWSM0.55%

Avg volume · 30D

DFMC 174.5×the volume

DFMC26.2KHWSM150

DFMC vs HWSM Performance

Jul 31, 2026 – Nov 2, 2026

−1.8%DFMC+3.3%HWSM

Jul 31, 2026 to Nov 2, 2026. DFMC −1.8%. HWSM +3.3%. Use the arrow keys to read each point.−6%−4%0%2%Jul 2026Sep 2026Nov 2026
Expense ratio
DFMC 0.43%, better
HWSM 0.55%
Fund size
DFMC $7.64B
HWSM $3M
1Y total return
DFMC No data
HWSM +24.2%
Holdings
DFMC 1733
HWSM 173
Avg volume (30D)
DFMC 26.2K sh, better
HWSM 150 sh
NAV per share
DFMC $58.70
HWSM $31.96
52W range

ETF.net Grade

DFMC: Cost 68, Risk 80, Mission not scored, Tradability 73, Holdings 93, Durability 99. HWSM: Cost 54, Risk 65, Mission not scored, Tradability 40, Holdings 67, Durability 15.
Pillar letters and Scores for DFMC, HWSM, with each pillar’s weight
PillarDFMCHWSM
Cost30% weightB68HigherC54
Mission25% weightNot scoredNot scored
Risk15% weightA80HigherB65
Tradability15% weightA73HigherC40
Holdings10% weightA93HigherB67
Durability5% weightA99HigherF15

Rank among US Active Small/Mid-Cap funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DFMC and HWSM are both graded against the same 47 US Active Small/Mid-Cap funds, so their Grades compare head to head.

US Active Small/Mid-Cap⁠

Category · 47 funds
See all 47 ›

DFMC ranks 3rd and HWSM 31st of 47 funds in the US Active Small/Mid-Cap Category.

  1. Rank 1AAVMCAvantis U.S. Mid Cap Equity ETFScore 89
  2. Rank 2AFEMVFidelity Enhanced Mid Cap Value ETFScore 79
  3. Rank 3ADFMCU.S. Micro Cap Portfolio ETFScore 76
  4. Rank 4AJMEEJPMorgan Small & Mid Cap Enhanced Equity ETFScore 74
  5. Rank 31CHSMVFirst Trust Horizon Managed Volatility Small/Mid ETFScore 40
  6. Rank 31CHWSMHotchkis & Wiley SMID Cap Diversified Value FundScore 40
  7. Rank 33DNBSMNeuberger Berman Small-Mid Cap ETFScore 39

Our read on each fund

ETF.net Research

DFMCAU.S. Micro Cap Portfolio ETF

HWSMCHotchkis & Wiley SMID Cap Diversified Value Fund

In short

DFMC Dimensional's micro-cap workhorse: a systematic sweep of the smallest US listed companies, a strategy dating to 1981, now in an ETF wrapper. Not an index tracker, and it charges less than the typical active US equity fund.

HWSM No data

Stated mandate

DFMC The Portfolio seeks long-term capital appreciation.

HWSM No data

Why people hold it

  • DFMC Charges 0.43% a year, well under the median for active US equity funds, so the fee takes a smaller bite out of a hard-to-reach corner of the market.
  • The strategy dates to 1981 and now runs as a multi-billion-dollar portfolio: an unusually long run for anything pointed at micro caps.
  • Systematic rather than index-bound. Dimensional sifts the small end of the US market by its own rules instead of copying a published micro-cap benchmark.dimensional.com
  • One of the stronger implementations among the active US equity funds we grade, with risk control and portfolio construction the standout pieces.

HWSM No data

Worth knowing

  • DFMC Thinly traded next to the big index names, so the cost of getting in and out can matter as much as the expense ratio, especially for larger orders.
  • It costs more than Dimensional's broad-market siblings, DFAU at 0.12% and DFAC at 0.17%, which own far bigger, more liquid companies.
  • Micro caps are the choppy end of the US market, and owning them is the entire job here. The mandate is long-term capital appreciation, not income.

HWSM No data

Full DFMC profile⁠

Full HWSM profile⁠

DFMC vs HWSM 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.

DFMC vs HWSM Cost

Overpaying HWSM vs DFMC

$2,242

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

  • DFMC 0.43%

    $8,662

  • HWSM 0.55%

    $10,904

$10,000
30 years

Cost over time

  • DFMC 0.43%
  • HWSM 0.55%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530HWSM $10,904DFMC $8,662

Year by year

YearDFMCHWSMOverpaying
10$776$988$212
20$2,994$3,790$796
30$8,662$10,904$2,242

Expense ratio

  • 0.43%DFMC, cheaper
  • 0.55%HWSM
  • Middle half of US Active Small/Mid-Cap funds
  • Median 0.55%

DFMC 15th cheapest of 47 funds

HWSM 20th cheapest of 47 funds

DFMC vs HWSM Dividends

Last 12 months to Nov 2, 2026
Last payment
DFMC $0.15
HWSM $0.36
Ex-dividend
DFMC Sep 29, 2026
HWSM Dec 3, 2025
Paid on
DFMC Oct 1, 2026
HWSM Dec 4, 2025
Frequency
DFMC Quarterly
HWSM Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

DFMCQuarterly · 2 paymentsAll DFMC payments⁠
One bar per payment. 2 payments from 2025 to 2026 YTD. Jun 29, 2026 $0.13; Sep 29, 2026 $0.15. Use the arrow keys to read each point.$0$0.252026YTD
HWSMIrregular · 1 paymentAll HWSM payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 3, 2025 $0.36. Use the arrow keys to read each point.$0$0.252026YTD

DFMC vs HWSM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DFMC No dataHWSM 14.1%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
DFMC No dataHWSM 1.01since Apr 2025
Worst fallMax drawdown, 5 years
DFMC No dataHWSM −15.7%since Mar 2025
Market sensitivityBeta, 5 years
DFMC 0.53HWSM 0.57

DFMC and HWSM in the news

All news⁠

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