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DFMC vs KMID

U.S. Micro Cap Portfolio ETF

DFMCANYSE Arca

Virtus KAR Mid-Cap ETF

KMIDFNYSE Arca

Overlap

Expense ratio

DFMC −0.37pt a year

DFMC0.43%KMID0.80%

Avg volume · 30D

DFMC 1.8×the volume

DFMC26.2KKMID14.5K

DFMC vs KMID Performance

Jul 31, 2026 – Oct 30, 2026

−2.5%DFMC−2.6%KMID

Jul 31, 2026 to Oct 30, 2026. DFMC −2.5%. KMID −2.6%. Use the arrow keys to read each point.−6%0%2%4%Jul 2026Sep 2026Oct 2026
Expense ratio
DFMC 0.43%, better
KMID 0.80%
Fund size
DFMC $7.6B
KMID $53M
1Y total return
DFMC No data
KMID +0.2%
Yield (12M)
DFMC No data
KMID 0.12%
Holdings
DFMC 1734
KMID 27
Avg volume (30D)
DFMC 26.2K sh, better
KMID 14.5K sh
NAV per share
DFMC $58.34
KMID $24.64
52W range

ETF.net Grade

DFMC: Cost 68, Risk 80, Mission not scored, Tradability 70, Holdings 93, Durability 99. KMID: Cost 12, Risk 30, Mission not scored, Tradability 37, Holdings 14, Durability 47.
Pillar letters and Scores for DFMC, KMID, with each pillar’s weight
PillarDFMCKMID
Cost30% weightB68HigherF12
Mission25% weightNot scoredNot scored
Risk15% weightA80HigherD30
Tradability15% weightA70HigherD37
Holdings10% weightA93HigherF14
Durability5% weightA99HigherC47

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 KMID 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 KMID 42nd 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 72
  5. Rank 41DBBHMBBH Select Mid Cap ETFScore 27
  6. Rank 42FKMIDVirtus KAR Mid-Cap ETFScore 23
  7. Rank 43FPCSGPolen 5Perspectives Small-Mid Growth ETFScore 22

Our read on each fund

ETF.net Research

DFMCAU.S. Micro Cap Portfolio ETF

KMIDFVirtus KAR Mid-Cap ETF

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.

KMID Most active mid-cap funds swing for growth. Virtus KAR Mid-Cap writes something different into its prospectus: buy mid-caps it sees as undervalued against their growth potential, while aiming for less market risk than the Russell Midcap Index.

Stated mandate

DFMC The Portfolio seeks long-term capital appreciation.

KMID The Fund seeks long-term capital appreciation by investing in medium-capitalization companies that KAR considers undervalued relative to their future growth potential, while seeking less market risk than the Russell Midcap Index.

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.
  • KMID The risk goal is in the prospectus, not the marketing: it seeks long-term capital appreciation while targeting less market risk than the Russell Midcap Index.
  • Active stock picking without single-name drama. KAR buys mid-caps it considers undervalued versus future growth, spread across a couple hundred holdings.
  • One job, one market: US mid-cap stocks only. No foreign sleeve, no bond ballast, nothing to unpack about what you actually own.

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.
  • KMID It charges 0.80%, above the 0.65% median for active US equity ETFs. Systematic peers like DFAU (0.12%) and DFAC (0.17%) cover US stocks for a fraction of that.
  • Young and small: it launched in October 2024 and trades thinly, so bid-ask spreads can run wider than at household-name mid-cap funds.
  • With a track record this short, the lower-risk mandate has not yet met a full market cycle. Cash also lands only once or twice a year, not monthly.

Full DFMC profile⁠

Full KMID profile⁠

DFMC vs KMID 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 KMID Cost

Overpaying KMID vs DFMC

$6,684

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

  • DFMC 0.43%

    $8,662

  • KMID 0.80%

    $15,346

$10,000
30 years

Cost over time

  • DFMC 0.43%
  • KMID 0.80%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530KMID $15,346DFMC $8,662

Year by year

YearDFMCKMIDOverpaying
10$776$1,422$646
20$2,994$5,393$2,399
30$8,662$15,346$6,684

Expense ratio

  • 0.43%DFMC, cheaper
  • 0.80%KMID
  • Middle half of US Active Small/Mid-Cap funds
  • Median 0.55%

DFMC 15th cheapest of 47 funds

KMID 41st cheapest of 47 funds

DFMC vs KMID Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DFMC No data
KMID 0.12%
Payout (12M)
DFMC No data
KMID $0.03
Last payment
DFMC $0.15
KMID $0.01
Ex-dividend
DFMC Sep 29, 2026
KMID May 11, 2026
Paid on
DFMC Oct 1, 2026
KMID May 13, 2026
Frequency
DFMC Quarterly
KMID Irregular

Distribution history

Per share, 2024 to 2026, same scale for both

DFMCQuarterly · 2 paymentsAll DFMC payments⁠
One bar per payment. 2 payments from 2024 to 2026 YTD. Jun 29, 2026 $0.13; Sep 29, 2026 $0.15. Use the arrow keys to read each point.$0$0.102026YTD
KMIDIrregular · 3 paymentsAll KMID payments⁠
One bar per payment. 3 payments from 2024 to 2026 YTD. Dec 20, 2024 $0.01; Dec 22, 2025 $0.01; May 11, 2026 $0.01. Use the arrow keys to read each point.$0$0.102026YTD

DFMC vs KMID Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DFMC No dataKMID 13.1%since Nov 2024
Return per unit of riskSharpe ratio, 3 years
DFMC No dataKMID −0.27since Nov 2024
Worst fallMax drawdown, 5 years
DFMC No dataKMID −18.9%since Oct 2024
Market sensitivityBeta, 5 years
DFMC 0.53KMID 0.72

DFMC and KMID in the news

All news⁠

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