DEHP vs. FRDM

Last updated Aug 2, 2026

DEHP (Dimensional Emerging Markets High Profitability ETF) and FRDM (Freedom 100 Emerging Markets ETF) are both Emerging Markets Equities funds. DEHP is actively managed, while FRDM is passively managed. Over the past 3 years, DEHP returned 19.29%/yr vs 29.15%/yr for FRDM. Their correlation of 0.86 means they have usually moved in the same direction. DEHP charges 0.41%/yr vs 0.49%/yr for FRDM.

Performance

DEHP vs. FRDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Emerging Markets High Profitability ETF (DEHP) and Freedom 100 Emerging Markets ETF (FRDM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DEHP achieves a 21.21% return, which is significantly lower than FRDM's 28.12% return.

DEHP

• 1D: 0.62%
• 1M: -5.17%
• 6M: 11.94%
• YTD: 21.21%
• 1Y: 40.81%
• 3Y*: 19.29%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.35%

FRDM

• 1D: 0.66%
• 1M: -4.87%
• 6M: 13.53%
• YTD: 28.12%
• 1Y: 65.50%
• 3Y*: 29.15%
• 5Y*: 17.22%
• 10Y*: —
• ALL TIME*: 16.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DEHP Dimensional Emerging Markets High Profitability ETF	$1.33M	$1.77M	$1.71M
FRDM Freedom 100 Emerging Markets ETF	$22.77M	$21.45M	$25.02M

DEHP vs. FRDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DEHP Dimensional Emerging Markets High Profitability ETF	21.21%	32.86%	4.47%	12.31%	-9.73%
FRDM Freedom 100 Emerging Markets ETF	28.12%	61.27%	1.70%	22.77%	-6.67%

Correlation

The correlation between DEHP and FRDM is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022	0.86

The correlation between DEHP and FRDM has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

DEHP vs. FRDM - Sectors Allocation Comparison

Sectors	DEHP	FRDM
Technology	50.8%	8.5%
Communication Services	10.3%	0.3%
Industrials	9.6%	0.3%
Consumer Cyclical	7.2%	3.6%
Basic Materials	6.1%	3.4%
Financial Services	5.5%	15.3%
Consumer Defensive	3.6%	0.9%
Energy	3.6%	1.7%
Healthcare	2.4%	0.1%
Utilities	0.5%	1.2%
Real Estate	0.3%	2.3%

Return for Risk

DEHP vs. FRDM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DEHP

DEHP Risk / Return Rank: 65
DEHP Sharpe Ratio Rank: 65
DEHP Sortino Ratio Rank: 60
DEHP Omega Ratio Rank: 67
DEHP Calmar Ratio Rank: 67
DEHP Martin Ratio Rank: 68

FRDM

FRDM Risk / Return Rank: 85
FRDM Sharpe Ratio Rank: 88
FRDM Sortino Ratio Rank: 81
FRDM Omega Ratio Rank: 86
FRDM Calmar Ratio Rank: 87
FRDM Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DEHP vs. FRDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Markets High Profitability ETF (DEHP) and Freedom 100 Emerging Markets ETF (FRDM). 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	FRDM	Difference
Sharpe ratio: Return per unit of total volatility	1.50	2.13	-0.62
Sortino ratio: Return per unit of downside risk	2.03	2.63	-0.60
Omega ratio: Gain probability vs. loss probability	1.28	1.37	-0.09
Calmar ratio: Return relative to maximum drawdown	2.33	3.39	-1.06
Martin ratio: Return relative to average drawdown	8.29	11.29	-3.00

DEHP vs. FRDM - Sharpe Ratio Comparison

The current DEHP Sharpe Ratio is 1.50, which is comparable to the FRDM Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of DEHP and FRDM, 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. FRDM - Drawdown Comparison

The maximum DEHP drawdown since its inception was -22.90%, smaller than the maximum FRDM drawdown of -40.49%. Use the drawdown chart below to compare losses from any high point for DEHP and FRDM.

Drawdown Indicators

	DEHP	FRDM	Difference
Max Drawdown Largest peak-to-trough decline	-22.90%	-40.49%	+17.59%
Max Drawdown (1Y) Largest decline over 1 year	-17.25%	-19.24%	+1.99%
Max Drawdown (3Y) Largest decline over 3 years	-19.14%	-19.24%	+0.10%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.25%	—
Current Drawdown Current decline from peak	-13.14%	-14.15%	+1.01%
Average Drawdown Average peak-to-trough decline	-5.83%	-7.13%	+1.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.84%	5.77%	-0.93%

Volatility

DEHP vs. FRDM - Volatility Comparison

The current volatility for Dimensional Emerging Markets High Profitability ETF (DEHP) is 10.35%, while Freedom 100 Emerging Markets ETF (FRDM) has a volatility of 12.28%. This indicates that DEHP experiences smaller price fluctuations and is considered to be less risky than FRDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEHP	FRDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.35%	12.28%	-1.93%
Volatility (6M) Calculated over the trailing 6-month period	24.84%	28.47%	-3.63%
Volatility (1Y) Calculated over the trailing 1-year period	26.76%	30.66%	-3.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.06%	22.38%	-2.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.06%	23.62%	-3.56%

DEHP vs. FRDM - Expense Ratio Comparison

DEHP has a 0.41% expense ratio, which is lower than FRDM's 0.49% expense ratio.

Dividends

DEHP vs. FRDM - Dividend Comparison

DEHP's dividend yield for the trailing twelve months is around 1.44%, less than FRDM's 1.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DEHP Dimensional Emerging Markets High Profitability ETF	1.44%	1.73%	2.44%	2.84%	1.65%	0.00%	0.00%	0.00%
FRDM Freedom 100 Emerging Markets ETF	1.69%	2.26%	2.53%	2.66%	2.72%	2.17%	1.11%	1.07%

Frequently Asked Questions

Can I hold both DEHP and FRDM in my portfolio?

With a correlation of 0.91, DEHP and FRDM 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 FRDM?

FRDM has higher volatility (12.28%) compared to DEHP (10.35%). In terms of maximum drawdown, DEHP dropped -22.90% vs FRDM's -40.49%.

Which ETF is better, DEHP or FRDM?

On 3-year performance, FRDM leads with 29.15% vs 19.29% for DEHP. On fees, DEHP is cheaper at 0.41% per year. On volatility, DEHP has been the lower-risk option at 10.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DEHP or FRDM?

Over the 3-year period, FRDM has performed better with a 29.15% return vs 19.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DEHP or FRDM?

DEHP is cheaper with a 0.41% expense ratio, compared with 0.49% for FRDM.

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

FRDM has the higher dividend yield at 1.69%, compared with 1.44% for DEHP.

What is the main difference between DEHP and FRDM?

They also come from different issuers: Dimensional and Freedom Funds. Their fees differ too: 0.41% for DEHP and 0.49% for FRDM.

Which has better risk-adjusted returns?

FRDM currently has the higher Sharpe Ratio (2.13 vs 1.50), 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.