CEFA vs. DSFIX

Last updated Jun 24, 2026

CEFA (Global X S&P Catholic Values Developed ex-U.S. ETF) and DSFIX (DFA Social Fixed Income Portfolio) are both funds - CEFA is a Foreign Large Cap Equities fund tracking the S&P Developed ex-U.S. Catholic Values Index, while DSFIX is a Intermediate Core Bond fund managed by Dimensional. Over the past 5 years, CEFA returned 6.74%/yr vs 0.30%/yr for DSFIX. At a 0.21 correlation, their price movements are largely independent. CEFA charges 0.35%/yr vs 0.21%/yr for DSFIX.

Performance

CEFA vs. DSFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) and DFA Social Fixed Income Portfolio (DSFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CEFA achieves a 7.16% return, which is significantly higher than DSFIX's 0.54% return.

CEFA

• 1D: -2.25%
• 1M: 0.25%
• YTD: 7.16%
• 6M: 6.74%
• 1Y: 20.65%
• 3Y*: 15.05%
• 5Y*: 6.74%
• 10Y*: —

DSFIX

• 1D: -0.33%
• 1M: 0.62%
• YTD: 0.54%
• 6M: 0.65%
• 1Y: 4.29%
• 3Y*: 4.44%
• 5Y*: 0.30%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CEFA vs. DSFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF	7.16%	26.46%	5.03%	17.40%	-16.66%	7.97%	21.61%
DSFIX DFA Social Fixed Income Portfolio	0.54%	6.80%	1.81%	7.18%	-13.07%	-2.19%	1.92%

Correlation

The correlation between CEFA and DSFIX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jun 24, 2020	0.21

Over the past year, CEFA and DSFIX have become more correlated (0.43) than their long-term average of 0.21, meaning their price movements have been converging.

Return for Risk

CEFA vs. DSFIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CEFA

CEFA Risk / Return Rank: 39
CEFA Sharpe Ratio Rank: 38
CEFA Sortino Ratio Rank: 39
CEFA Omega Ratio Rank: 38
CEFA Calmar Ratio Rank: 38
CEFA Martin Ratio Rank: 43

DSFIX

DSFIX Risk / Return Rank: 21
DSFIX Sharpe Ratio Rank: 20
DSFIX Sortino Ratio Rank: 20
DSFIX Omega Ratio Rank: 19
DSFIX Calmar Ratio Rank: 25
DSFIX Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CEFA vs. DSFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) and DFA Social Fixed Income Portfolio (DSFIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	CEFA	DSFIX	Difference
Sharpe ratio: Return per unit of total volatility	1.29	1.17	+0.13
Sortino ratio: Return per unit of downside risk	1.88	1.73	+0.15
Omega ratio: Gain probability vs. loss probability	1.24	1.21	+0.03
Calmar ratio: Return relative to maximum drawdown	1.80	1.71	+0.09
Martin ratio: Return relative to average drawdown	6.57	4.66	+1.91

CEFA vs. DSFIX - Sharpe Ratio Comparison

The current CEFA Sharpe Ratio is 1.29, which is comparable to the DSFIX Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of CEFA and DSFIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CEFA vs. DSFIX - Drawdown Comparison

The maximum CEFA drawdown since its inception was -31.97%, which is greater than DSFIX's maximum drawdown of -18.94%. Use the drawdown chart below to compare losses from any high point for CEFA and DSFIX.

Drawdown Indicators

	CEFA	DSFIX	Difference
Max Drawdown Largest peak-to-trough decline	-31.97%	-18.94%	-13.03%
Max Drawdown (1Y) Largest decline over 1 year	-11.54%	-2.66%	-8.88%
Max Drawdown (3Y) Largest decline over 3 years	-15.45%	-4.70%	-10.75%
Max Drawdown (5Y) Largest decline over 5 years	-31.97%	-18.87%	-13.10%
Current Drawdown Current decline from peak	-2.29%	-1.30%	-0.99%
Average Drawdown Average peak-to-trough decline	-7.00%	-4.64%	-2.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	0.97%	+2.18%

Volatility

CEFA vs. DSFIX - Volatility Comparison

Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) has a higher volatility of 5.65% compared to DFA Social Fixed Income Portfolio (DSFIX) at 1.10%. This indicates that CEFA's price experiences larger fluctuations and is considered to be riskier than DSFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CEFA	DSFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	1.10%	+4.55%
Volatility (6M) Calculated over the trailing 6-month period	13.62%	2.78%	+10.84%
Volatility (1Y) Calculated over the trailing 1-year period	16.03%	3.92%	+12.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.73%	5.79%	+11.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.27%	4.95%	+12.32%

CEFA vs. DSFIX - Expense Ratio Comparison

CEFA has a 0.35% expense ratio, which is higher than DSFIX's 0.21% expense ratio.

Dividends

CEFA vs. DSFIX - Dividend Comparison

CEFA's dividend yield for the trailing twelve months is around 2.67%, less than DSFIX's 4.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF	2.67%	2.86%	3.26%	2.35%	2.35%	3.49%	0.84%	0.00%	0.00%	0.00%
DSFIX DFA Social Fixed Income Portfolio	4.13%	3.61%	3.95%	3.28%	2.54%	2.70%	2.22%	2.58%	2.56%	1.87%

Frequently Asked Questions

Can I hold both CEFA and DSFIX in my portfolio?

CEFA and DSFIX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CEFA or DSFIX?

CEFA has higher volatility (5.65%) compared to DSFIX (1.10%). In terms of maximum drawdown, CEFA dropped -31.97% vs DSFIX's -18.94%.

Which has better risk-adjusted returns?

CEFA currently has the higher Sharpe Ratio (1.29 vs 1.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.