Subject: Re: What Did You Buy Today?
I own scv, for diversification, and Morningstar only goes back 15 years. DFSVX 8.42%, SPY 12.19%.

Since 1926,

Small-Cap Value ret. ~13.4% std.~27%
S&P 500 (Large-Cap Blend) ret. ~10.1% std.~19%

Maybe the factor was still working in the 90s, but 15 years is a long time to underperform by almost 4% CAGR.

I thought I had figured out the key to investing when I read about the SCV effect.