DAADX vs. DFQTX

Last updated Jun 4, 2026

DAADX (DFA Emerging Markets ex China Core Equity Portfolio) and DFQTX (DFA US Core Equity 2 Portfolio I) are both mutual funds - DAADX is a Emerging Markets Diversified fund managed by Dimensional, while DFQTX is a Large Cap Blend Equities fund managed by Dimensional. Over the past 3 years, DAADX returned 27.34%/yr vs 20.95%/yr for DFQTX. A 0.68 correlation means they provide meaningful diversification when combined. DAADX charges 0.43%/yr vs 0.19%/yr for DFQTX.

Performance

DAADX vs. DFQTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA Emerging Markets ex China Core Equity Portfolio (DAADX) and DFA US Core Equity 2 Portfolio I (DFQTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DAADX achieves a 38.15% return, which is significantly higher than DFQTX's 12.21% return.

DAADX

• 1D: 0.47%
• 1M: 11.42%
• YTD: 38.15%
• 6M: 42.63%
• 1Y: 65.14%
• 3Y*: 27.34%
• 5Y*: —
• 10Y*: —

DFQTX

• 1D: 0.51%
• 1M: 5.05%
• YTD: 12.21%
• 6M: 12.50%
• 1Y: 29.00%
• 3Y*: 20.95%
• 5Y*: 12.51%
• 10Y*: 14.12%

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

DAADX vs. DFQTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DAADX DFA Emerging Markets ex China Core Equity Portfolio	38.15%	27.59%	3.44%	24.58%	-15.81%	0.20%
DFQTX DFA US Core Equity 2 Portfolio I	12.21%	15.99%	20.27%	21.88%	-14.21%	1.14%

Correlation

The correlation between DAADX and DFQTX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (All Time) Calculated using the full available price history since Nov 12, 2021	0.68

The correlation between DAADX and DFQTX has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.

Return for Risk

DAADX vs. DFQTX — Risk / Return Rank

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

DAADX

DAADX Risk / Return Rank: 94
DAADX Sharpe Ratio Rank: 98
DAADX Sortino Ratio Rank: 93
DAADX Omega Ratio Rank: 94
DAADX Calmar Ratio Rank: 92
DAADX Martin Ratio Rank: 93

DFQTX

DFQTX Risk / Return Rank: 78
DFQTX Sharpe Ratio Rank: 81
DFQTX Sortino Ratio Rank: 77
DFQTX Omega Ratio Rank: 70
DFQTX Calmar Ratio Rank: 79
DFQTX Martin Ratio Rank: 83

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.

DAADX vs. DFQTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA Emerging Markets ex China Core Equity Portfolio (DAADX) and DFA US Core Equity 2 Portfolio I (DFQTX). 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.

	DAADX	DFQTX	Difference
Sharpe ratio: Return per unit of total volatility	3.78	2.62	+1.16
Sortino ratio: Return per unit of downside risk	4.64	3.69	+0.95
Omega ratio: Gain probability vs. loss probability	1.72	1.47	+0.26
Calmar ratio: Return relative to maximum drawdown	5.02	3.60	+1.42
Martin ratio: Return relative to average drawdown	19.97	15.77	+4.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DAADX vs. DFQTX - Sharpe Ratio Comparison

The current DAADX Sharpe Ratio is 3.78, which is higher than the DFQTX Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of DAADX and DFQTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DAADX	DFQTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.78	2.62	+1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.06	0.51	+0.55

Drawdowns

DAADX vs. DFQTX - Drawdown Comparison

The maximum DAADX drawdown since its inception was -24.98%, smaller than the maximum DFQTX drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for DAADX and DFQTX.

Drawdown Indicators

	DAADX	DFQTX	Difference
Max Drawdown Largest peak-to-trough decline	-24.98%	-59.35%	+34.37%
Max Drawdown (1Y) Largest decline over 1 year	-13.14%	-8.47%	-4.67%
Max Drawdown (3Y) Largest decline over 3 years	-18.78%	-19.71%	+0.93%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.64%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.21%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.75%	-7.78%	+1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.29%	1.92%	+1.37%

Volatility

DAADX vs. DFQTX - Volatility Comparison

DFA Emerging Markets ex China Core Equity Portfolio (DAADX) has a higher volatility of 7.97% compared to DFA US Core Equity 2 Portfolio I (DFQTX) at 2.94%. This indicates that DAADX's price experiences larger fluctuations and is considered to be riskier than DFQTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DAADX	DFQTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.97%	2.94%	+5.03%
Volatility (6M) Calculated over the trailing 6-month period	15.52%	8.90%	+6.62%
Volatility (1Y) Calculated over the trailing 1-year period	17.47%	11.67%	+5.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.58%	16.99%	-2.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.58%	18.26%	-3.68%

DAADX vs. DFQTX - Expense Ratio Comparison

DAADX has a 0.43% expense ratio, which is higher than DFQTX's 0.19% expense ratio.

Dividends

DAADX vs. DFQTX - Dividend Comparison

DAADX's dividend yield for the trailing twelve months is around 1.81%, more than DFQTX's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DAADX DFA Emerging Markets ex China Core Equity Portfolio	1.81%	2.28%	2.64%	2.82%	3.02%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DFQTX DFA US Core Equity 2 Portfolio I	0.95%	1.06%	1.15%	1.74%	4.43%	4.74%	1.29%	3.50%	2.84%	1.97%	1.80%	3.78%

Frequently Asked Questions

Can I hold both DAADX and DFQTX in my portfolio?

DAADX and DFQTX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DAADX or DFQTX?

DAADX has higher volatility (7.97%) compared to DFQTX (2.94%). In terms of maximum drawdown, DAADX dropped -24.98% vs DFQTX's -59.35%.

Which has better risk-adjusted returns?

DAADX currently has the higher Sharpe Ratio (3.78 vs 2.62), 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.