DFSV vs SCDS

DFSVAU.S. Small Cap Value Portfolio ETF Class Shares

SCDSBJPMorgan Fundamental Data Science Small Core ETF

In short

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.

SCDS JPMorgan pairs human fundamental analysts with a data science engine to pick small caps, then spreads the calls across roughly 300 names. Active stock picking priced closer to a screened index fund.

Stated mandate

DFSV The fund seeks long-term capital appreciation.

SCDS The fund invests primarily in equity securities of small-cap companies and uses a fundamental data science-enabled investment approach.

Why people hold it

• 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.

• SCDS Costs 0.40% a year, below the typical active US small-cap fund, so the stock picking starts from a lower hurdle.
• Roughly 300 holdings, so no single small-cap stumble sets the tone for the whole portfolio.
• Core mandate: the data science process hunts across the whole small-cap field instead of being boxed into value or growth.jpmorgan.com
• Lands in the upper half of the active US small-cap funds we review, with quarterly distributions.

Worth knowing

• 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.

• SCDS Launched in 2024. The process hasn't been tested through a full market cycle yet.
• Small asset base and thin trading. Spreads can widen, so limit orders matter more here than with the household-name funds.
• Cheaper small-cap options sit in the same peer group, including JPMorgan's own rules-based JPSE at 0.29% and Avantis' AVSC at 0.25%.

Full DFSV profile⁠

Full SCDS profile⁠