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DFSV vs SYZ

U.S. Small Cap Value Portfolio ETF Class Shares

DFSVANYSE Arca

Lazard US Systematic Small Cap Equity ETF

SYZBNasdaq

Overlap

Expense ratio

DFSV −0.31pt a year

DFSV0.30%SYZ0.61%

Avg volume · 30D

DFSV 185.2×the volume

DFSV944KSYZ5.09K

DFSV vs SYZ Performance

Oct 31, 2025 – Oct 30, 2026

+27.6%DFSV+20.6%SYZ

Oct 31, 2025 to Oct 30, 2026. DFSV +27.6%. SYZ +20.6%. Use the arrow keys to read each point.0%10%Oct 2025Apr 2026Oct 2026
Expense ratio
DFSV 0.30%, better
SYZ 0.61%
Fund size
DFSV $27.8B
SYZ $66M
1Y total return
DFSV +27.6%, better
SYZ +20.6%
Yield (12M)
DFSV 1.38%
SYZ No data
Holdings
DFSV 1053
SYZ 497
Avg volume (30D)
DFSV 944K sh, better
SYZ 5.09K sh
NAV per share
DFSV $39.41
SYZ $29.29
52W range

ETF.net Grade

DFSV: Cost 91, Risk 59, Mission 62, Tradability 88, Holdings 80, Durability 97. SYZ: Cost 44, Risk 78, Mission 89, Tradability 39, Holdings 82, Durability 62.
Pillar letters and Scores for DFSV, SYZ, with each pillar’s weight
PillarDFSVSYZ
Cost30% weightA91HigherC44
Mission25% weightB62A89Higher
Risk15% weightB59A78Higher
Tradability15% weightA88HigherD39
Holdings10% weightA80A82Higher
Durability5% weightA97HigherB62

Rank among US Active Small-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. DFSV and SYZ 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 SYZ 16th of 39 funds in the US Active Small-Cap Category.

  1. Rank 1AAVSCAvantis U.S. Small Cap Equity ETFScore 88
  2. Rank 2AFESMFidelity Enhanced Small Cap ETFScore 85
  3. Rank 3ADFSVU.S. Small Cap Value Portfolio ETF Class SharesScore 82
  4. Rank 4ADUSGU.S. Small Cap Growth Portfolio: ETF Class SharesScore 75
  5. Rank 16CESSCEventide Small Cap ETFScore 55
  6. Rank 16BSYZLazard US Systematic Small Cap Equity ETFScore 55
  7. Rank 18CACSGAmerican Century Small Cap Growth Insights ETFScore 54

Our read on each fund

ETF.net Research

DFSVAU.S. Small Cap Value Portfolio ETF Class Shares

SYZBLazard US Systematic Small Cap Equity 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.

SYZ Lazard points automated analysts at the whole US small cap universe and holds 200 to 500 of them. Systematic stock picking at near index breadth, in a strategy that began life in 2021 as a mutual fund.

Stated mandate

DFSV The fund seeks long-term capital appreciation.

SYZ The Portfolio seeks long-term capital appreciation.

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.
  • SYZ Active but wide: the prospectus targets 200 to 500 small caps, so no single name steers the whole fund.sec.gov
  • The pitch is machine-run fundamentals. Lazard's automated analysts sweep the small cap universe for valuation and operating shifts instead of a handful of hand-picked bets.lazardassetmanagement.com
  • At 0.61%, with no waiver propping that number up, the fee sits near its category median, and the portfolio hews closely to the small cap mandate it advertises.
  • Stands in the upper half of a crowded active US small cap field.

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.
  • SYZ Cheaper options share the aisle: AVSC runs 0.25% and FESM 0.28%, neither on a waiver.
  • Thinly traded and modest in size, so the spread between buy and sell prices can run wider than in the category's giants.
  • Short life as an ETF. The strategy ran as a mutual fund from 2021 and only moved into the ETF wrapper in 2025.lazard.com

Full DFSV profile⁠

Full SYZ profile⁠

DFSV vs SYZ 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.

DFSV vs SYZ Cost

Overpaying SYZ vs DFSV

$5,849

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

  • DFSV 0.30%

    $6,149

  • SYZ 0.61%

    $11,998

$10,000
30 years

Cost over time

  • DFSV 0.30%
  • SYZ 0.61%
  • 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$12.5K051015202530SYZ $11,998DFSV $6,149

Year by year

YearDFSVSYZOverpaying
10$545$1,093$548
20$2,113$4,181$2,068
30$6,149$11,998$5,849

Expense ratio

  • 0.30%DFSV, cheaper
  • 0.61%SYZ
  • Middle half of US Active Small-Cap funds
  • Median 0.55%

DFSV 4th cheapest of 39 funds

SYZ 23rd cheapest of 39 funds

DFSV vs SYZ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DFSV 1.38%
SYZ No data
Payout (12M)
DFSV $0.54
SYZ No data
Last payment
DFSV $0.15
SYZ $0.06
Ex-dividend
DFSV Sep 22, 2026
SYZ Sep 18, 2026
Paid on
DFSV Sep 24, 2026
SYZ Sep 21, 2026
Frequency
DFSV Quarterly
SYZ Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

DFSVQuarterly · 19 paymentsAll DFSV payments⁠
One bar per payment. 19 payments from 2022 to 2026 YTD. Mar 22, 2022 $0.0038; Jun 22, 2022 $0.04; Sep 20, 2022 $0.07; Dec 20, 2022 $0.10; Mar 21, 2023 $0.06; Jun 21, 2023 $0.10; Sep 19, 2023 $0.10; Dec 19, 2023 $0.11; Mar 19, 2024 $0.05; Jun 18, 2024 $0.11; Sep 17, 2024 $0.10; Dec 17, 2024 $0.14; Mar 25, 2025 $0.08; Jun 24, 2025 $0.14; Sep 23, 2025 $0.14; Dec 16, 2025 $0.14; Mar 24, 2026 $0.12; Jun 23, 2026 $0.13; Sep 22, 2026 $0.15. Use the arrow keys to read each point.$0$0.1020232026YTD
SYZQuarterly · 3 paymentsAll SYZ payments⁠
One bar per payment. 3 payments from 2022 to 2026 YTD. Mar 20, 2026 $0.04; Jun 18, 2026 $0.03; Sep 18, 2026 $0.06. Use the arrow keys to read each point.$0$0.1020232026YTD

DFSV vs SYZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DFSV 18.4%SYZ 14.2%since Oct 2025
Return per unit of riskSharpe ratio, 3 years
DFSV 0.84SYZ 0.87since Oct 2025
Worst fallMax drawdown, 5 years
DFSV −28.0%since Feb 2022SYZ −8.0%since Sep 2025
Market sensitivityBeta, 5 years
DFSV 1.04SYZ 1.01

DFSV and SYZ in the news

All news⁠

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