CIE.NEO vs. DFIV
CIE.NEO (iShares International Fundamental Common Class) and DFIV (Dimensional International Value ETF) are both exchange-traded funds - CIE.NEO is a Global Equities fund tracking the FTSE RAFI Developed ex US 1000 Index, while DFIV is a Foreign Large Cap Equities fund actively managed by Dimensional. CIE.NEO is passively managed, while DFIV is actively managed. Over the past 3 years, CIE.NEO returned 25.09%/yr vs 25.34%/yr for DFIV. A 0.77 correlation means they provide meaningful diversification when combined. CIE.NEO charges 0.73%/yr vs 0.27%/yr for DFIV.
Performance
CIE.NEO vs. DFIV - Performance Comparison
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Different Trading Currencies
CIE.NEO is traded in CAD, while DFIV is traded in USD. To make them comparable, the DFIV values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CIE.NEO achieves a 17.83% return, which is significantly higher than DFIV's 12.96% return.
CIE.NEO
- 1D
- -0.39%
- 1M
- 6.26%
- YTD
- 17.83%
- 6M
- 19.92%
- 1Y
- 39.49%
- 3Y*
- 25.09%
- 5Y*
- 15.50%
- 10Y*
- 11.89%
DFIV
- 1D
- -0.29%
- 1M
- 4.61%
- YTD
- 12.96%
- 6M
- 14.97%
- 1Y
- 36.62%
- 3Y*
- 25.34%
- 5Y*
- —
- 10Y*
- —
CIE.NEO vs. DFIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 17.83% | 34.92% | 12.83% | 15.59% | -2.83% | 0.32% |
DFIV Dimensional International Value ETF | 12.96% | 38.69% | 16.47% | 15.15% | 3.17% | 0.06% |
Correlation
The correlation between CIE.NEO and DFIV is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2021 | 0.77 |
The correlation between CIE.NEO and DFIV has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.
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Return for Risk
CIE.NEO vs. DFIV — Risk / Return Rank
CIE.NEO
DFIV
CIE.NEO vs. DFIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Fundamental Common Class (CIE.NEO) and Dimensional International Value ETF (DFIV). 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.
| CIE.NEO | DFIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.53 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 3.93 | -0.36 |
| Martin ratioReturn relative to average drawdown | 14.78 | 16.08 | -1.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CIE.NEO | DFIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 2.91 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 1.32 | -0.88 |
Drawdowns
CIE.NEO vs. DFIV - Drawdown Comparison
The maximum CIE.NEO drawdown since its inception was -40.08%, which is greater than DFIV's maximum drawdown of -19.20%. Use the drawdown chart below to compare losses from any high point for CIE.NEO and DFIV.
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Drawdown Indicators
| CIE.NEO | DFIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.08% | -19.20% | -20.88% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -9.36% | -1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -15.44% | -15.09% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.08% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | -0.29% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -3.26% | -3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.28% | +0.40% |
Volatility
CIE.NEO vs. DFIV - Volatility Comparison
iShares International Fundamental Common Class (CIE.NEO) has a higher volatility of 4.85% compared to Dimensional International Value ETF (DFIV) at 3.71%. This indicates that CIE.NEO's price experiences larger fluctuations and is considered to be riskier than DFIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIE.NEO | DFIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 3.71% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 11.56% | 10.28% | +1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.95% | 12.66% | +1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 13.55% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 13.55% | +4.64% |
CIE.NEO vs. DFIV - Expense Ratio Comparison
CIE.NEO has a 0.73% expense ratio, which is higher than DFIV's 0.27% expense ratio.
Dividends
CIE.NEO vs. DFIV - Dividend Comparison
CIE.NEO's dividend yield for the trailing twelve months is around 2.12%, less than DFIV's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 2.12% | 2.53% | 2.82% | 3.08% | 3.32% | 2.89% | 2.15% | 3.63% | 3.12% | 2.67% | 2.80% | 2.44% |
DFIV Dimensional International Value ETF | 2.55% | 2.92% | 3.88% | 3.93% | 3.84% | 2.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CIE.NEO and DFIV have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DFIV is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DFIV is cheaper with a 0.27% expense ratio, compared with 0.73% for CIE.NEO.
CIE.NEO is categorized as Global Equities, while DFIV is Foreign Large Cap Equities. They also come from different issuers: iShares and Dimensional. Their fees differ too: 0.73% for CIE.NEO and 0.27% for DFIV.
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