Correlation
The correlation between DCARX and FXAIX 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.
DCARX vs. FXAIX
Compare and contrast key facts about DFA California Municipal Real Return Portfolio (DCARX) and Fidelity 500 Index Fund (FXAIX).
DCARX is managed by Dimensional Fund Advisors LP. It was launched on Oct 31, 2017. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DCARX or FXAIX.
Performance
DCARX vs. FXAIX - Performance Comparison
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Key characteristics
DCARX:
1.38
FXAIX:
0.75
DCARX:
1.72
FXAIX:
1.07
DCARX:
1.47
FXAIX:
1.15
DCARX:
1.75
FXAIX:
0.72
DCARX:
5.30
FXAIX:
2.73
DCARX:
0.45%
FXAIX:
4.85%
DCARX:
1.67%
FXAIX:
19.78%
DCARX:
-12.27%
FXAIX:
-33.79%
DCARX:
-0.37%
FXAIX:
-3.14%
Returns By Period
In the year-to-date period, DCARX achieves a 1.42% return, which is significantly higher than FXAIX's 1.34% return.
DCARX
1.42%
-0.09%
0.32%
2.29%
1.67%
3.16%
N/A
FXAIX
1.34%
6.29%
-1.07%
14.76%
14.51%
16.00%
12.68%
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DCARX vs. FXAIX - Expense Ratio Comparison
DCARX has a 0.26% expense ratio, which is higher than FXAIX's 0.02% 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%.
Risk-Adjusted Performance
DCARX vs. FXAIX — Risk-Adjusted Performance Rank
DCARX
FXAIX
DCARX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA California Municipal Real Return Portfolio (DCARX) and Fidelity 500 Index Fund (FXAIX). 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.
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Dividends
DCARX vs. FXAIX - Dividend Comparison
DCARX's dividend yield for the trailing twelve months is around 3.72%, more than FXAIX's 1.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DCARX DFA California Municipal Real Return Portfolio | 3.50% | 3.51% | 1.83% | 0.90% | 0.79% | 1.12% | 1.46% | 1.27% | 0.10% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.55% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.08% |
Drawdowns
DCARX vs. FXAIX - Drawdown Comparison
The maximum DCARX drawdown since its inception was -12.27%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for DCARX and FXAIX.
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Volatility
DCARX vs. FXAIX - Volatility Comparison
The current volatility for DFA California Municipal Real Return Portfolio (DCARX) is 0.46%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.77%. This indicates that DCARX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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