Great thread with excellent charts documenting the current value advantages to small cap value at this time compared to large cap.

I've long been a fan of small cap value, and for years Vanguard's small cap value fund (or the VBR ETF, lately) was my vehicle of choice. More recently I noticed that Dimensional Funds Small Cap Value fund created an ETF (DFSV) and have adopted it for my small cap value, since I long admired their offerings but was unwilling to pay the fees to join their mutual fund.

Dimensional Funds Advisors was founded to apply the research of Fama and French to actual mutual funds.

DFSV is not an index but they rigorously follow the small cap value space, and its average holding is smaller and more valuey than the indexes. It has an acceptably low expense ratio of .31%, IMO, as I'll willingly pay the extra .24% for the significant increase in exposure to the small and value aspects of the fund portfolio.