DCARX vs. DFQTX
Compare and contrast key facts about DFA California Municipal Real Return Portfolio (DCARX) and DFA US Core Equity 2 Portfolio I (DFQTX).
DCARX is managed by Dimensional. It was launched on Oct 31, 2017. DFQTX is managed by Dimensional.
Performance
DCARX vs. DFQTX - Performance Comparison
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DCARX vs. DFQTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DCARX DFA California Municipal Real Return Portfolio | 1.09% | 2.64% | 3.16% | 2.63% | -1.06% | 6.21% | 2.35% | 5.08% | -0.46% | 1.16% |
DFQTX DFA US Core Equity 2 Portfolio I | -4.02% | 15.99% | 20.27% | 21.88% | -14.21% | 28.46% | 15.72% | 29.41% | -9.65% | 1.23% |
Returns By Period
In the year-to-date period, DCARX achieves a 1.09% return, which is significantly higher than DFQTX's -4.02% return.
DCARX
- 1D
- 0.04%
- 1M
- 0.42%
- YTD
- 1.09%
- 6M
- 1.13%
- 1Y
- 2.59%
- 3Y*
- 2.55%
- 5Y*
- 2.70%
- 10Y*
- —
DFQTX
- 1D
- -0.54%
- 1M
- -7.31%
- YTD
- -4.02%
- 6M
- -1.55%
- 1Y
- 16.25%
- 3Y*
- 15.75%
- 5Y*
- 10.23%
- 10Y*
- 12.61%
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DCARX vs. DFQTX - Expense Ratio Comparison
DCARX has a 0.26% expense ratio, which is higher than DFQTX's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
DCARX vs. DFQTX — Risk / Return Rank
DCARX
DFQTX
DCARX vs. DFQTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA California Municipal Real Return Portfolio (DCARX) 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.
| DCARX | DFQTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.19 | 0.95 | +1.24 |
Sortino ratioReturn per unit of downside risk | 3.19 | 1.45 | +1.74 |
Omega ratioGain probability vs. loss probability | 1.61 | 1.22 | +0.39 |
Calmar ratioReturn relative to maximum drawdown | 2.89 | 1.00 | +1.89 |
Martin ratioReturn relative to average drawdown | 11.77 | 4.74 | +7.03 |
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
| DCARX | DFQTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 0.95 | +1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 0.61 | +0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.47 | +0.46 |
Correlation
The correlation between DCARX and DFQTX is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DCARX vs. DFQTX - Dividend Comparison
DCARX's dividend yield for the trailing twelve months is around 3.41%, more than DFQTX's 1.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DCARX DFA California Municipal Real Return Portfolio | 3.41% | 3.11% | 3.52% | 1.84% | 0.90% | 0.78% | 1.12% | 1.43% | 1.27% | 0.09% | 0.00% | 0.00% |
DFQTX DFA US Core Equity 2 Portfolio I | 1.12% | 1.06% | 1.15% | 1.74% | 4.43% | 4.74% | 1.29% | 3.50% | 2.84% | 1.97% | 1.80% | 3.78% |
Drawdowns
DCARX vs. DFQTX - Drawdown Comparison
The maximum DCARX drawdown since its inception was -12.27%, smaller than the maximum DFQTX drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for DCARX and DFQTX.
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Drawdown Indicators
| DCARX | DFQTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.27% | -59.35% | +47.08% |
Max Drawdown (1Y)Largest decline over 1 year | -0.93% | -12.73% | +11.80% |
Max Drawdown (5Y)Largest decline over 5 years | -4.79% | -22.64% | +17.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.21% | — |
Current DrawdownCurrent decline from peak | -0.24% | -8.47% | +8.23% |
Average DrawdownAverage peak-to-trough decline | -0.76% | -7.84% | +7.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 2.79% | -2.56% |
Volatility
DCARX vs. DFQTX - Volatility Comparison
The current volatility for DFA California Municipal Real Return Portfolio (DCARX) is 0.52%, while DFA US Core Equity 2 Portfolio I (DFQTX) has a volatility of 4.27%. This indicates that DCARX experiences smaller price fluctuations and is considered to be less risky than DFQTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCARX | DFQTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 4.27% | -3.75% |
Volatility (6M)Calculated over the trailing 6-month period | 0.72% | 8.67% | -7.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.28% | 18.07% | -16.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.25% | 17.00% | -14.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.93% | 18.25% | -15.32% |