DCARX vs. DFSVX
Compare and contrast key facts about DFA California Municipal Real Return Portfolio (DCARX) and DFA U.S. Small Cap Value Portfolio I (DFSVX).
DCARX is managed by Dimensional. It was launched on Oct 31, 2017. DFSVX is managed by Dimensional. It was launched on Mar 2, 1993.
Performance
DCARX vs. DFSVX - Performance Comparison
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DCARX vs. DFSVX - 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% |
DFSVX DFA U.S. Small Cap Value Portfolio I | 4.70% | 8.37% | 9.58% | 19.02% | -3.57% | 39.97% | 2.24% | 18.15% | -15.13% | -0.46% |
Returns By Period
In the year-to-date period, DCARX achieves a 1.09% return, which is significantly lower than DFSVX's 4.70% return.
DCARX
- 1D
- 0.04%
- 1M
- 0.42%
- YTD
- 1.09%
- 6M
- 1.13%
- 1Y
- 2.59%
- 3Y*
- 2.55%
- 5Y*
- 2.70%
- 10Y*
- —
DFSVX
- 1D
- -0.56%
- 1M
- -5.28%
- YTD
- 4.70%
- 6M
- 8.23%
- 1Y
- 23.60%
- 3Y*
- 13.98%
- 5Y*
- 9.57%
- 10Y*
- 10.61%
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DCARX vs. DFSVX - Expense Ratio Comparison
DCARX has a 0.26% expense ratio, which is lower than DFSVX's 0.30% expense ratio.
Return for Risk
DCARX vs. DFSVX — Risk / Return Rank
DCARX
DFSVX
DCARX vs. DFSVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA California Municipal Real Return Portfolio (DCARX) and DFA U.S. Small Cap Value Portfolio I (DFSVX). 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 | DFSVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.19 | 1.03 | +1.16 |
Sortino ratioReturn per unit of downside risk | 3.19 | 1.55 | +1.64 |
Omega ratioGain probability vs. loss probability | 1.61 | 1.22 | +0.39 |
Calmar ratioReturn relative to maximum drawdown | 2.89 | 1.34 | +1.55 |
Martin ratioReturn relative to average drawdown | 11.77 | 4.99 | +6.77 |
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 | DFSVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 1.03 | +1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 0.44 | +0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.51 | +0.42 |
Correlation
The correlation between DCARX and DFSVX 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. DFSVX - Dividend Comparison
DCARX's dividend yield for the trailing twelve months is around 3.41%, more than DFSVX's 1.66% 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% |
DFSVX DFA U.S. Small Cap Value Portfolio I | 1.66% | 1.69% | 1.47% | 3.67% | 6.77% | 10.40% | 1.96% | 2.83% | 7.54% | 5.18% | 4.18% | 5.29% |
Drawdowns
DCARX vs. DFSVX - Drawdown Comparison
The maximum DCARX drawdown since its inception was -12.27%, smaller than the maximum DFSVX drawdown of -66.70%. Use the drawdown chart below to compare losses from any high point for DCARX and DFSVX.
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Drawdown Indicators
| DCARX | DFSVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.27% | -66.70% | +54.43% |
Max Drawdown (1Y)Largest decline over 1 year | -0.93% | -15.11% | +14.18% |
Max Drawdown (5Y)Largest decline over 5 years | -4.79% | -27.69% | +22.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.12% | — |
Current DrawdownCurrent decline from peak | -0.24% | -7.77% | +7.53% |
Average DrawdownAverage peak-to-trough decline | -0.76% | -9.51% | +8.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 4.14% | -3.91% |
Volatility
DCARX vs. DFSVX - Volatility Comparison
The current volatility for DFA California Municipal Real Return Portfolio (DCARX) is 0.52%, while DFA U.S. Small Cap Value Portfolio I (DFSVX) has a volatility of 5.00%. This indicates that DCARX experiences smaller price fluctuations and is considered to be less risky than DFSVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCARX | DFSVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 5.00% | -4.48% |
Volatility (6M)Calculated over the trailing 6-month period | 0.72% | 12.75% | -12.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.28% | 23.31% | -22.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.25% | 21.67% | -19.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.93% | 23.92% | -20.99% |