DEHP vs. DFEVX

Last updated Jun 4, 2026

DEHP (Dimensional Emerging Markets High Profitability ETF) and DFEVX (DFA Emerging Markets Value Portfolio) are both Emerging Markets Diversified funds from Dimensional. Over the past 3 years, DEHP returned 25.54%/yr vs 23.60%/yr for DFEVX. Their correlation of 0.87 suggests significant overlap in exposure. DEHP charges 0.41%/yr vs 0.45%/yr for DFEVX.

Performance

DEHP vs. DFEVX - Performance Comparison

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

Returns By Period

In the year-to-date period, DEHP achieves a 35.45% return, which is significantly higher than DFEVX's 25.72% return.

DEHP

• 1D: -1.18%
• 1M: 10.85%
• YTD: 35.45%
• 6M: 39.02%
• 1Y: 66.88%
• 3Y*: 25.54%
• 5Y*: —
• 10Y*: —

DFEVX

• 1D: 0.93%
• 1M: 9.39%
• YTD: 25.72%
• 6M: 28.51%
• 1Y: 49.44%
• 3Y*: 23.60%
• 5Y*: 11.50%
• 10Y*: 11.65%

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

DEHP vs. DFEVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DEHP Dimensional Emerging Markets High Profitability ETF	35.45%	32.86%	4.47%	12.31%	-9.73%
DFEVX DFA Emerging Markets Value Portfolio	25.72%	29.50%	6.17%	16.50%	-5.95%

Correlation

The correlation between DEHP and DFEVX is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (All Time) Calculated using the full available price history since Apr 28, 2022	0.87

The correlation between DEHP and DFEVX has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.

Return for Risk

DEHP vs. DFEVX — 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: 91
DEHP Sortino Ratio Rank: 89
DEHP Omega Ratio Rank: 89
DEHP Calmar Ratio Rank: 88
DEHP Martin Ratio Rank: 90

DFEVX

DFEVX Risk / Return Rank: 91
DFEVX Sharpe Ratio Rank: 96
DFEVX Sortino Ratio Rank: 92
DFEVX Omega Ratio Rank: 92
DFEVX Calmar Ratio Rank: 89
DFEVX Martin Ratio Rank: 87

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. DFEVX - Risk-Adjusted Trends Comparison

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

	DEHP	DFEVX	Difference
Sharpe ratio: Return per unit of total volatility	3.21	3.55	-0.34
Sortino ratio: Return per unit of downside risk	4.11	4.61	-0.50
Omega ratio: Gain probability vs. loss probability	1.57	1.68	-0.10
Calmar ratio: Return relative to maximum drawdown	5.11	4.42	+0.69
Martin ratio: Return relative to average drawdown	20.55	16.88	+3.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DEHP vs. DFEVX - Sharpe Ratio Comparison

The current DEHP Sharpe Ratio is 3.21, which is comparable to the DFEVX Sharpe Ratio of 3.55. The chart below compares the historical Sharpe Ratios of DEHP and DFEVX, 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

	DEHP	DFEVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.21	3.55	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.52	+0.40

Drawdowns

DEHP vs. DFEVX - Drawdown Comparison

The maximum DEHP drawdown since its inception was -22.90%, smaller than the maximum DFEVX drawdown of -67.59%. Use the drawdown chart below to compare losses from any high point for DEHP and DFEVX.

Drawdown Indicators

	DEHP	DFEVX	Difference
Max Drawdown Largest peak-to-trough decline	-22.90%	-67.59%	+44.69%
Max Drawdown (1Y) Largest decline over 1 year	-13.16%	-11.35%	-1.81%
Max Drawdown (3Y) Largest decline over 3 years	-19.14%	-16.17%	-2.97%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.53%	—
Current Drawdown Current decline from peak	-1.18%	0.00%	-1.18%
Average Drawdown Average peak-to-trough decline	-5.75%	-16.49%	+10.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	2.97%	+0.29%

Volatility

DEHP vs. DFEVX - Volatility Comparison

Dimensional Emerging Markets High Profitability ETF (DEHP) has a higher volatility of 9.93% compared to DFA Emerging Markets Value Portfolio (DFEVX) at 6.05%. This indicates that DEHP's price experiences larger fluctuations and is considered to be riskier than DFEVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEHP	DFEVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.93%	6.05%	+3.88%
Volatility (6M) Calculated over the trailing 6-month period	18.56%	11.95%	+6.61%
Volatility (1Y) Calculated over the trailing 1-year period	20.97%	14.14%	+6.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.62%	13.95%	+4.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.62%	15.56%	+3.06%

DEHP vs. DFEVX - Expense Ratio Comparison

DEHP has a 0.41% expense ratio, which is lower than DFEVX's 0.45% expense ratio.

Dividends

DEHP vs. DFEVX - Dividend Comparison

DEHP's dividend yield for the trailing twelve months is around 1.32%, less than DFEVX's 2.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEHP Dimensional Emerging Markets High Profitability ETF	1.32%	1.73%	2.44%	2.84%	1.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DFEVX DFA Emerging Markets Value Portfolio	2.98%	3.80%	4.68%	4.39%	4.44%	3.82%	2.47%	2.47%	2.49%	2.45%	1.99%	2.55%

Frequently Asked Questions

Can I hold both DEHP and DFEVX in my portfolio?

DEHP and DFEVX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DEHP or DFEVX?

DEHP has higher volatility (9.93%) compared to DFEVX (6.05%). In terms of maximum drawdown, DEHP dropped -22.90% vs DFEVX's -67.59%.

Which has better risk-adjusted returns?

DFEVX currently has the higher Sharpe Ratio (3.55 vs 3.21), 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.