DEHP vs. DFEV

Last updated Jun 23, 2026

DEHP (Dimensional Emerging Markets High Profitability ETF) and DFEV (Dimensional Emerging Markets Value ETF) are both Emerging Markets Diversified funds from Dimensional. Both are actively managed. Over the past 3 years, DEHP returned 26.84%/yr vs 26.68%/yr for DFEV. Their correlation of 0.93 suggests significant overlap in exposure. DEHP charges 0.41%/yr vs 0.43%/yr for DFEV.

Performance

DEHP vs. DFEV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Emerging Markets High Profitability ETF (DEHP) and Dimensional Emerging Markets Value ETF (DFEV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DEHP achieves a 39.55% return, which is significantly higher than DFEV's 32.51% return.

DEHP

• 1D: 1.08%
• 1M: 9.87%
• YTD: 39.55%
• 6M: 41.30%
• 1Y: 69.20%
• 3Y*: 26.84%
• 5Y*: —
• 10Y*: —

DFEV

• 1D: 0.43%
• 1M: 7.74%
• YTD: 32.51%
• 6M: 34.31%
• 1Y: 58.26%
• 3Y*: 26.68%
• 5Y*: —
• 10Y*: —

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

DEHP vs. DFEV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DEHP Dimensional Emerging Markets High Profitability ETF	39.55%	32.86%	4.47%	12.31%	-9.73%
DFEV Dimensional Emerging Markets Value ETF	32.51%	32.54%	7.26%	15.52%	-6.08%

Correlation

The correlation between DEHP and DFEV is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022	0.93

The correlation between DEHP and DFEV has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

Return for Risk

DEHP vs. DFEV — Risk / Return Rank

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

DEHP

DEHP Risk / Return Rank: 89
DEHP Sharpe Ratio Rank: 90
DEHP Sortino Ratio Rank: 86
DEHP Omega Ratio Rank: 89
DEHP Calmar Ratio Rank: 90
DEHP Martin Ratio Rank: 90

DFEV

DFEV Risk / Return Rank: 90
DFEV Sharpe Ratio Rank: 92
DFEV Sortino Ratio Rank: 88
DFEV Omega Ratio Rank: 91
DFEV Calmar Ratio Rank: 89
DFEV Martin Ratio Rank: 88

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.

DEHP vs. DFEV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Markets High Profitability ETF (DEHP) and Dimensional Emerging Markets Value ETF (DFEV). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DEHP	DFEV	Difference
Sharpe ratio: Return per unit of total volatility	2.95	3.05	-0.10
Sortino ratio: Return per unit of downside risk	3.65	3.85	-0.20
Omega ratio: Gain probability vs. loss probability	1.54	1.57	-0.03
Calmar ratio: Return relative to maximum drawdown	5.29	5.16	+0.13
Martin ratio: Return relative to average drawdown	20.02	18.53	+1.49

DEHP vs. DFEV - Sharpe Ratio Comparison

The current DEHP Sharpe Ratio is 2.95, which is comparable to the DFEV Sharpe Ratio of 3.05. The chart below compares the historical Sharpe Ratios of DEHP and DFEV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DEHP vs. DFEV - Drawdown Comparison

The maximum DEHP drawdown since its inception was -22.90%, which is greater than DFEV's maximum drawdown of -18.49%. Use the drawdown chart below to compare losses from any high point for DEHP and DFEV.

Drawdown Indicators

	DEHP	DFEV	Difference
Max Drawdown Largest peak-to-trough decline	-22.90%	-18.49%	-4.41%
Max Drawdown (1Y) Largest decline over 1 year	-13.16%	-11.35%	-1.81%
Max Drawdown (3Y) Largest decline over 3 years	-19.14%	-17.94%	-1.20%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.73%	-4.63%	-1.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	3.15%	+0.32%

Volatility

DEHP vs. DFEV - Volatility Comparison

Dimensional Emerging Markets High Profitability ETF (DEHP) has a higher volatility of 12.96% compared to Dimensional Emerging Markets Value ETF (DFEV) at 10.11%. This indicates that DEHP's price experiences larger fluctuations and is considered to be riskier than DFEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEHP	DFEV	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.96%	10.11%	+2.85%
Volatility (6M) Calculated over the trailing 6-month period	21.55%	17.17%	+4.38%
Volatility (1Y) Calculated over the trailing 1-year period	23.65%	19.26%	+4.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.30%	16.89%	+2.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.30%	16.89%	+2.41%

DEHP vs. DFEV - Expense Ratio Comparison

DEHP has a 0.41% expense ratio, which is lower than DFEV's 0.43% expense ratio.

Dividends

DEHP vs. DFEV - Dividend Comparison

DEHP's dividend yield for the trailing twelve months is around 1.28%, less than DFEV's 1.98% yield.

Position	TTM	2025	2024	2023	2022
DEHP Dimensional Emerging Markets High Profitability ETF	1.28%	1.73%	2.44%	2.84%	1.65%
DFEV Dimensional Emerging Markets Value ETF	1.98%	2.69%	3.17%	3.47%	3.35%

Frequently Asked Questions

Can I hold both DEHP and DFEV in my portfolio?

With a correlation of 0.92, DEHP and DFEV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DEHP or DFEV?

DEHP has higher volatility (12.96%) compared to DFEV (10.11%). In terms of maximum drawdown, DEHP dropped -22.90% vs DFEV's -18.49%.

Which ETF is better, DEHP or DFEV?

On 3-year performance, DEHP leads with 26.84% vs 26.68% for DFEV. On fees, DEHP is cheaper at 0.41% per year. On volatility, DFEV has been the lower-risk option at 10.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DEHP or DFEV?

Over the 3-year period, DEHP has performed better with a 26.84% return vs 26.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DEHP or DFEV?

DEHP is cheaper with a 0.41% expense ratio, compared with 0.43% for DFEV.

Which ETF pays a higher dividend yield, DEHP or DFEV?

DFEV has the higher dividend yield at 1.98%, compared with 1.28% for DEHP.

What is the main difference between DEHP and DFEV?

Their fees differ too: 0.41% for DEHP and 0.43% for DFEV.

Which has better risk-adjusted returns?

DFEV currently has the higher Sharpe Ratio (3.05 vs 2.95), 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.