{"id":440471,"date":"2022-10-20T00:36:55","date_gmt":"2022-10-20T07:36:55","guid":{"rendered":"https:\/\/nai500.com\/?p=440471"},"modified":"2022-10-20T00:36:55","modified_gmt":"2022-10-20T07:36:55","slug":"%e7%be%8e%e8%82%a1-%e9%ab%98%e9%a3%8e%e9%99%a9%e6%8a%95%e8%b5%84%e8%80%85-7%e5%8f%aa-%e7%be%8e%e5%9b%bd%e5%b0%8f%e7%9b%98%e8%82%a1etf","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2022\/10\/%e7%be%8e%e8%82%a1-%e9%ab%98%e9%a3%8e%e9%99%a9%e6%8a%95%e8%b5%84%e8%80%85-7%e5%8f%aa-%e7%be%8e%e5%9b%bd%e5%b0%8f%e7%9b%98%e8%82%a1etf\/","title":{"rendered":"\u7f8e\u80a1\u6210\u957f\u6295\u8d44\uff1a\u9002\u5408\u9ad8\u98ce\u9669\u6295\u8d44\u8005\u76847\u53ea\u7f8e\u56fd\u5c0f\u76d8\u80a1ETF"},"content":{"rendered":"

\u5c0f\u76d8\u80a1\u6307\u7684\u662f\u5e02\u503c\u5728$3.00-$20\u4ebf\u4e4b\u95f4\u7684\u4e0a\u5e02\u516c\u53f8\u3002\u76f8\u5bf9\u4e2d\u76d8\u80a1\u548c\u5927\u76d8\u80a1\uff0c\u5c0f\u76d8\u80a1\u6ce2\u52a8\u66f4\u5927\uff0c\u4f46\u957f\u671f\u6536\u76ca\u7387\u4e5f\u66f4\u9ad8\u3002Eugene Fama\u548cKenneth French\u53d1\u73b0\u8fd9\u4e00\u73b0\u8c61\u5e76\u5c06\u5176\u7eb3\u5165\u201c\u4e94\u56e0\u5b50\u6a21\u578b\u201d\u5f53\u4e2d\u3002\u6309\u7167\u8fd9\u4e00\u6a21\u578b\uff0c\u6709\u4e9b\u80a1\u7968\u7684\u963f\u5c14\u6cd5\uff08\u03b1\uff09\u6765\u81ea\u4e8e\u5b83\u4eec\u7684\u89c4\u6a21\uff08size\uff09\u3002\u8fd9\u4e00\u98ce\u9669\u56e0\u5b50\u88ab\u79f0\u4e3a\u8d26\u9762\u5e02\u503c\u6bd4\u56e0\u5b50\uff08HmL\uff09\uff0c\u6307\u7684\u662f\u5c0f\u76d8\u80a1\u76f8\u5bf9\u5927\u76d8\u80a1\u7684\u8d85\u989d\u6536\u76ca\u3002<\/p>\n

\u5982\u679c\u4f60\u60f3\u964d\u4f4e\u5c0f\u76d8\u80a1\u6295\u8d44\u7684\u98ce\u9669\uff0c\u4ea4\u6613\u6240\u4ea4\u6613\u57fa\u91d1\uff08ETF\uff09\u662f\u4e00\u4e2a\u4e0d\u9519\u7684\u9009\u62e9\uff0c\u6bd4\u5982\u8bf4\u4e0b\u9762\u8fd97\u53ea\u7f8e\u56fd\u5c0f\u76d8\u80a1ETF\u3002<\/p>\n

\u7f8e\u56fd\u5c0f\u76d8\u80a1ETF 1\uff1aVanguard Small-Cap ETF\uff08VB\uff09<\/a><\/h2>\n

VB\u8ddf\u8e2a\u6307\u6570CRSP US Small Cap Index\uff08\u6301\u6709\u603b\u8ba11504\u53ea\u80a1\u7968\uff09\uff0c\u677f\u5757\u6743\u91cd\u6700\u5927\u7684\u662f\u5de5\u4e1a\uff0819.8%\uff09\uff0c\u63a5\u4e0b\u6765\u662f\u91d1\u878d\uff0815.3%\uff09\u548c\u53ef\u9009\u6d88\u8d39\uff0814.3%\uff09\uff0c\u79d1\u6280\u677f\u5757\u4ec5\u670911.7%\u3002\u4e0d\u8fc7\uff0c\u8be5ETF\u7684\u5e02\u503c\u4e2d\u4f4d\u6570\u4e3a$48\u4ebf\uff0c\u5df2\u7ecf\u5904\u4e8e\u4e2d\u7b49\u5e02\u503c\u533a\u95f4\uff0c\u56e0\u6b64\u53ef\u80fd\u4e0d\u53d7\u5c0f\u5e02\u503c\u4ef7\u503c\u6295\u8d44\u8005\u7684\u9752\u7750\u3002\u597d\u5728VB\u7684\u8d39\u7528\u7387\u4f4e\u81f30.05%\uff0c$1\u4e07\u6295\u8d44\u989d\u6bcf\u5e74\u7684\u8d39\u7528\u53ea\u6709$5\uff0c\u7edd\u5bf9\u662f\u88ab\u52a8\u578b\u5c0f\u76d8\u80a1\u6295\u8d44\u8005\u7684\u4f4e\u6210\u672c\u4e4b\u9009\u3002<\/p>\n

\u7f8e\u56fd\u5c0f\u76d8\u80a1ETF 2\uff1aVanguard Small-Cap Growth ETF\uff08VBK\uff09<\/a><\/h2>\n

VBK\u8ddf\u8e2a\u6307\u6570CRSP US Small Cap Growth Index\uff08\u6301\u6709700\u53ea\u80a1\u7968\uff09\u3002\u4f5c\u4e3a\u4e00\u53ea\u6210\u957f\u578b\u5c0f\u76d8\u80a1ETF\uff0cVBK\u7684\u76c8\u5229\u589e\u901f\u9ad8\u4e8eVB\uff0819.2%\uff09\uff0c\u6301\u80a1\u4e5f\u66f4\u52a0\u96c6\u4e2d\u4e8e\u79d1\u6280\u548c\u533b\u7597\u80a1\u3002\u6b64\u5916\uff0c\u7531\u4e8e\u8be5ETF\u7684\u6784\u6210\u662f\u6210\u957f\u80a1\uff0c\u6d3e\u606f\u4e0d\u591a\uff0c\u56e0\u6b64\u53ef\u80fd\u4f1a\u5728\u7a0e\u6536\u65b9\u9762\u76f8\u6bd4VB\u66f4\u6709\u4f18\u52bf\u3002VBK\u7684\u8d39\u7528\u7387\u4e3a0.07%\u3002<\/p>\n

\u7f8e\u56fd\u5c0f\u76d8\u80a1ETF 3\uff1aDimensional U.S. Small-Cap ETF\uff08DFAS\uff09<\/a><\/h2>\n

Dimensional Fund Advisors\u662f\u5168\u7403\u77e5\u540d\u7684\u56e0\u5b50\u6295\u8d44\u4e13\u5bb6\uff0c\u516c\u53f8\u521b\u59cb\u4eba\u5c31\u8bfb\u4e8e\u829d\u52a0\u54e5\u5927\u5b66\u65f6\u5c31\u66fe\u5e08\u4ece\u4e8eFama\u548cFrench\u3002\u76f8\u6bd4VB\uff0cDFAS\u7684\u89c4\u6a21\u98ce\u9669\u56e0\u5b50\u66b4\u9732\u66f4\u4f18\uff0c\u5e02\u51c0\u7387\u548c\u5e02\u503c\u4e2d\u4f4d\u6570\u66f4\u4f4e\uff0c\u540c\u65f6\u9009\u80a1\u6807\u51c6\u4e2d\u8fd8\u5305\u62ec\u76c8\u5229\u80fd\u529b\u3002\u867d\u7136\u4e0d\u662f\u771f\u6b63\u7684\u88ab\u52a8\u6307\u6570\u578bETF\uff0c\u4f46DFAS\u9075\u5b88\u4e25\u683c\u7684\uff0c\u57fa\u4e8e\u5b9a\u91cf\u89c4\u5219\u7684\u65b9\u6cd5\u8bba\u30021998\u5e74\u6210\u7acb\u4ee5\u6765\uff0cDFAS\u5bf9\u7b49\u5171\u540c\u57fa\u91d1\u7684\u5e74\u5316\u6536\u76ca\u7387\u4e3a8.63%\uff0c\u9ad8\u4e8e\u7f57\u7d202000\u6307\u6570\u57fa\u51c6\u76847.71%\u3002\u4e0d\u8fc7\uff0c\u8be5ETF\u6210\u672c\u8f83\u9ad8\uff0c\u8d39\u7528\u7387\u8fbe0.28%\u3002<\/p>\n

\u7f8e\u56fd\u5c0f\u76d8\u80a1Value ETF 4\uff1aDimensional U.S. Small-Cap Value ETF\uff08DFSV\uff09<\/a><\/h2>\n

\u8ddfDFAS\u4e00\u6837\uff0cDFSV\u4e5f\u540c\u5c5eDimensional\u65d7\u4e0b\uff0c\u5e76\u4e14\u4e5f\u662f\u91c7\u7528\u5b9a\u91cf\u89c4\u5219\u7684\u65b9\u6cd5\u6311\u9009\u5904\u4e8e\u4ef7\u503c\u533a\u95f4\u7684\u5c0f\u76d8\u80a1\u3002\u6574\u4f53\u6765\u770b\uff0c\u5c0f\u76d8\u4ef7\u503c\u80a1\u5728\u4e0d\u540c\u6eda\u52a8\u5468\u671f\u5185\u90fd\u662f\u7f8e\u80a1\u5f53\u4e2d\u8868\u73b0\u6700\u5f3a\u7684\u4e00\u7c7b\u80a1\u7968\u3002DFSV\u5bf9\u7b49\u5171\u540c\u57fa\u91d1\u8fc7\u53bb10\u5e74\u7684\u5e74\u5316\u6536\u76ca\u7387\u4e3a9.08%\uff0c\u9ad8\u4e8e\u7f57\u7d202000\u4ef7\u503c\u6307\u6570\u57fa\u51c6\u76847.94%\uff0c\u540c\u65f61993\u5e74\u6210\u7acb\u4ee5\u6765\u7684\u5e74\u5316\u6536\u76ca\u7387\u4e3a10.66%\u3002\u8be5ETF\u7684\u8d39\u7528\u7387\u4e3a0.31%\u3002<\/p>\n

\u7f8e\u56fd\u5c0f\u76d8\u80a1ETF 5\uff1aSPDR S&P 600 Small Cap Value ETF\uff08SLYV\uff09<\/a><\/h2>\n

\u7c7b\u4f3cDFSV\u8fd9\u6837\u7684\u7c7b\u4e3b\u52a8\u7ba1\u7406ETF\u8d39\u7528\u7387\u548c\u57fa\u91d1\u5468\u8f6c\u7387\u504f\u9ad8\uff0c\u56e0\u6b64\u5c0f\u76d8\u80a1\u4ef7\u503c\u6295\u8d44\u8005\u53ef\u80fd\u4f1a\u66f4\u9752\u7750SLYV\u8fd9\u6837\u7684\u88ab\u52a8\u7ba1\u7406\u6307\u6570\u57fa\u91d1\u3002\u8be5ETF\u7684\u8ddf\u8e2a\u6307\u6570S&P SmallCap 600 Value Index\u805a\u7126\u4e8e\u5e02\u51c0\u7387\u3001\u5e02\u76c8\u7387\u548c\u5e02\u9500\u7387\u6700\u4f4e\u7684\u5c0f\u76d8\u80a1\uff0c\u5e02\u503c\u4e2d\u4f4d\u6570\u53ea\u6709$11.8\u4ebf\uff0c\u5c0f\u5e02\u503c\u4ef7\u503c\u5c5e\u6027\u66f4\u660e\u663e\u3002\u8fc7\u53bb10\u5e74\uff0cSLYV\u7684\u5e74\u5316\u6536\u76ca\u7387\u4e3a9.92%\uff0c\u76ee\u524d\u8d39\u7528\u73870.15%\u3002<\/p>\n

\u7f8e\u56fd\u5c0f\u76d8\u80a1ETF 6\uff1aAvantis International Small Cap Value ETF\uff08AVDV\uff09<\/h2>\n

AVDV\u7684\u53d1\u884c\u4eba\u662fAvantis Investors\uff0c\u516c\u53f8\u521b\u59cb\u4eba\u662f\u524dDimensional Fund Advisors\u7684\u9ad8\u7ba1\uff0c\u56e0\u6b64\u7ee7\u627f\u4e86\u56e0\u5b50\u6295\u8d44\u98ce\u683c\u3002\u8be5ETF\u6cbf\u7528\u57fa\u4e8e\u89c4\u5219\u7684\u65b9\u6cd5\u7b5b\u9009\u5c0f\u5e02\u503c\u4ef7\u503c\u80a1\uff0c\u540c\u65f6\u8003\u8651\u76c8\u5229\u80fd\u529b\u4ee5\u53ca\u4ea4\u6613\u5ba4\u80a1\u4ef7\u52a8\u91cf\u3002\u9664\u4e86\u7f8e\u56fd\u516c\u53f8\uff0cAVDV\u8fd8\u6295\u8d44\u8bf8\u5982\u6b27\u5143\u533a\u3001\u82f1\u56fd\u3001\u6fb3\u5927\u5229\u4e9a\u3001\u65e5\u672c\u4ee5\u53ca\u52a0\u62ff\u5927\u7b49\u53d1\u8fbe\u5e02\u573a\u7684\u5c0f\u5e02\u503c\u4ef7\u503c\u80a1\u3002\u8be5ETF\u8d39\u7528\u73870.36%\u3002<\/p>\n

\u7f8e\u56fd\u5c0f\u76d8\u80a1ETF 7\uff1aWisdomTree Emerging Markets Small Cap Dividend Fund\uff08DGS\uff09<\/h2>\n

\u76ee\u524d\u7f8e\u56fd\u5e02\u573a\u4e0a\u8fd8\u6ca1\u6709\u8ddf\u8e2a\u65b0\u5174\u5e02\u573a\u5c0f\u5e02\u503c\u4ef7\u503c\u80a1\u7684ETF\uff0c\u4f46DGS\u53ef\u4ee5\u6ee1\u8db3\u6295\u8d44\u8005\u7684\u8fd9\u4e00\u9700\u6c42\u3002\u8be5ETF\u805a\u7126\u4e8e\u80a1\u606f\u6210\u957f\u578b\u7684\u5c0f\u5e02\u503c\u65b0\u5174\u5e02\u573a\u80a1\u7968\uff0c\u800c\u8fd9\u4e00\u9009\u80a1\u6807\u51c6\u6070\u597d\u786e\u4fdd\u4e86Fama\u548cFrench\u7684\u4ef7\u503c\u548c\u76c8\u5229\u56e0\u5b50\u66b4\u9732\u3002\u867d\u7136\u5c0f\u4f17\uff0c\u4f46DGS\u5438\u5f15\u4e86\u8d85\u8fc7$20\u4ebf\u7684\u8d44\u91d1\u3002\u7136\u800c\uff0c\u65b0\u5174\u5e02\u573a\u80a1\u7968\u6307\u6570\u5316\u7684\u4ee3\u4ef7\u9ad8\u6602\uff0c\u56e0\u6b64\u8be5ETF\u7684\u8d39\u7528\u7387\u4e5f\u504f\u9ad8\uff080.58%\uff09\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u5c0f\u76d8\u80a1\u6307\u7684\u662f\u5e02\u503c\u5728$3.00-$20\u4ebf\u4e4b\u95f4\u7684\u4e0a\u5e02\u516c\u53f8\u3002\u76f8\u5bf9\u4e2d\u76d8\u80a1\u548c\u5927\u76d8\u80a1\uff0c\u5c0f\u76d8\u80a1\u6ce2\u52a8\u66f4\u5927\uff0c\u4f46\u957f\u671f\u6536\u76ca\u7387\u4e5f\u66f4\u9ad8\u3002 […]<\/p>\n","protected":false},"author":27,"featured_media":436567,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1521,430],"tags":[1817,1997],"class_list":["post-440471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1521","category-trends-strategies-zh-hans","tag-in-depth-analysis-zh-hans","tag-1997","sectors-financial-products-zh-hans","locations-us-zh-hans","exchange-nasdaq-zh-hans","exchange-nyse-zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/440471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=440471"}],"version-history":[{"count":0,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/440471\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/436567"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=440471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=440471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=440471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}