- ISIN
- US2332038353
- CUSIP
- 233203835
- Issuer
- Dimensional
- Inception Date
- Jan 5, 1993
- Category
- REIT
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
Share Price Chart
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Performance
DFREX Performance Chart
DFA Real Estate Securities Portfolio Class I (DFREX) is up 12.7% since the beginning of the year. DFREX is currently trading at $45 per share. Investors who bought $1,000 worth of DFREX shares 5 years ago would now be looking at an investment worth $1,182.
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Returns By Period
DFA Real Estate Securities Portfolio Class I (DFREX) has returned 12.74% so far this year and 12.26% over the past 12 months. Over the last ten years, DFREX has returned 5.68% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
DFA Real Estate Securities Portfolio Class I
- 1D
- -0.07%
- 1M
- -1.26%
- YTD
- 12.74%
- 6M
- 13.17%
- 1Y
- 12.26%
- 3Y*
- 9.38%
- 5Y*
- 3.40%
- 10Y*
- 5.68%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DFREX Monthly Returns History
Based on dividend-adjusted daily data since Jan 5, 1993, DFREX's average daily return is +0.05%, while the average monthly return is +0.88%. At this rate, an investment would double in approximately 6.6 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2009 with a return of +31.3%, while the worst month was Oct 2008 at -31.5%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, DFREX closed higher 52% of trading days. The best single day was Nov 24, 2008 with a return of +18.2%, while the worst single day was Dec 1, 2008 at -19.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.67% | 7.38% | -6.28% | 9.18% | 0.22% | -0.29% | 12.74% | ||||||
| 2025 | 0.77% | 4.12% | -2.45% | -1.66% | 1.14% | -0.06% | -1.37% | 3.14% | 0.38% | -2.34% | 2.23% | -2.11% | 1.52% |
| 2024 | -4.72% | 1.85% | 1.74% | -7.70% | 5.42% | 2.39% | 7.01% | 5.77% | 2.98% | -3.56% | 3.64% | -7.93% | 5.52% |
| 2023 | 10.01% | -5.85% | -1.72% | 0.43% | -4.18% | 5.05% | 1.95% | -3.28% | -7.04% | -2.99% | 11.84% | 8.65% | 11.20% |
| 2022 | -7.96% | -4.03% | 7.30% | -3.96% | -4.67% | -6.88% | 8.53% | -5.83% | -12.58% | 3.17% | 5.97% | -4.90% | -24.93% |
| 2021 | 0.03% | 2.64% | 5.54% | 8.06% | 0.89% | 3.07% | 4.53% | 2.11% | -5.96% | 7.24% | -1.23% | 9.60% | 41.88% |
Benchmark Metrics
DFA Real Estate Securities Portfolio Class I has an annualized alpha of 2.80%, beta of 0.86, and R2 of 0.43 versus S&P 500 Index. Calculated based on daily prices since January 05, 1993.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (80.59%) than losses (77.88%) - typical of diversified or defensive assets.
- R2 of 0.43 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.80%
- Beta
- 0.86
- R²
- 0.43
- Upside Capture
- 80.59%
- Downside Capture
- 77.88%
Expense Ratio
DFREX has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
DFREX ranks 15 for risk / return — in the bottom 15% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for DFA Real Estate Securities Portfolio Class I (DFREX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DFREX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 2.78 | -1.32 |
| Martin ratioReturn relative to average drawdown | 4.51 | 12.44 | -7.93 |
Dividends
Dividend History
DFA Real Estate Securities Portfolio Class I provided a 2.57% dividend yield over the last twelve months, with an annual payout of $1.14 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.14 | $1.13 | $1.19 | $1.41 | $2.29 | $1.33 | $1.26 | $0.91 | $1.59 | $0.67 | $0.98 | $0.95 |
Dividend yield | 2.57% | 2.84% | 2.97% | 3.59% | 6.24% | 2.56% | 3.36% | 2.23% | 4.88% | 1.89% | 2.83% | 2.86% |
Monthly Dividends
The table displays the monthly dividend distributions for DFA Real Estate Securities Portfolio Class I. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.00 | $0.16 | ||||||
| 2025 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.75 | $1.13 |
| 2024 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.66 | $1.19 |
| 2023 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.93 | $1.41 |
| 2022 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $2.08 | $2.29 |
| 2021 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $1.08 | $1.33 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the DFA Real Estate Securities Portfolio Class I. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the DFA Real Estate Securities Portfolio Class I was 74.36%, occurring on Mar 6, 2009. Recovery took 995 trading sessions.
The current DFA Real Estate Securities Portfolio Class I drawdown is 3.19%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -74.36%Mar 2009 | 2y 27d | 3y 11mo | 6y 13dFeb 2007 - Feb 2013 |
COVID crash2020 | -41.49%Mar 2020 | 28d | 1y 24d | 1y 1moFeb 2020 - Apr 2021 |
2023 bear market2023 | -33.11%Oct 2023 | 1y 9mo | 2y 5mo | 4y 3moJan 2022 - Apr 2026 |
1999 bear market1999 | -23.95%Dec 1999 | 2y 2mo | 7mo 14d | 2y 9moOct 1997 - Jul 2000 |
1994 correction1994 | -19.01%Nov 1994 | 1y 1mo | 1y 2mo | 2y 3moOct 1993 - Feb 1996 |
Drawdown Indicators
| DFREX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.36% | -56.78% | -17.58% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -9.10% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -17.64% | -18.90% | +1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -33.11% | -25.43% | -7.68% |
Max Drawdown (10Y)Largest decline over 10 years | -41.49% | -33.92% | -7.57% |
Current DrawdownCurrent decline from peak | -3.19% | -1.80% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -11.32% | -10.71% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 2.03% | +0.68% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with DFREX
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