DEMSX vs. BADEX
Compare and contrast key facts about DFA Emerging Markets Small Cap Portfolio (DEMSX) and BlackRock Defensive Advantage Emerging Markets Fund (BADEX).
DEMSX is managed by Dimensional. It was launched on Mar 4, 1998. BADEX is managed by BlackRock. It was launched on Dec 20, 2020.
Performance
DEMSX vs. BADEX - Performance Comparison
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DEMSX vs. BADEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DEMSX DFA Emerging Markets Small Cap Portfolio | 1.96% | 19.01% | 4.92% | 16.32% | -15.30% | 19.54% | 2.71% |
BADEX BlackRock Defensive Advantage Emerging Markets Fund | 2.41% | 13.95% | 10.15% | 11.67% | -11.34% | 4.49% | 2.32% |
Returns By Period
In the year-to-date period, DEMSX achieves a 1.96% return, which is significantly lower than BADEX's 2.41% return.
DEMSX
- 1D
- 2.00%
- 1M
- -2.27%
- YTD
- 1.96%
- 6M
- 0.94%
- 1Y
- 21.63%
- 3Y*
- 12.30%
- 5Y*
- 6.74%
- 10Y*
- 8.40%
BADEX
- 1D
- 1.10%
- 1M
- -1.69%
- YTD
- 2.41%
- 6M
- 4.93%
- 1Y
- 13.25%
- 3Y*
- 11.24%
- 5Y*
- 4.98%
- 10Y*
- —
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DEMSX vs. BADEX - Expense Ratio Comparison
DEMSX has a 0.59% expense ratio, which is lower than BADEX's 1.06% expense ratio.
Return for Risk
DEMSX vs. BADEX — Risk / Return Rank
DEMSX
BADEX
DEMSX vs. BADEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Emerging Markets Small Cap Portfolio (DEMSX) and BlackRock Defensive Advantage Emerging Markets Fund (BADEX). 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.
| DEMSX | BADEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 1.32 | +0.33 |
Sortino ratioReturn per unit of downside risk | 2.15 | 1.75 | +0.40 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.26 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.55 | +0.43 |
Martin ratioReturn relative to average drawdown | 7.06 | 6.05 | +1.01 |
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
| DEMSX | BADEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.32 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.50 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.59 | 0.00 |
Correlation
The correlation between DEMSX and BADEX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DEMSX vs. BADEX - Dividend Comparison
DEMSX's dividend yield for the trailing twelve months is around 3.75%, less than BADEX's 7.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEMSX DFA Emerging Markets Small Cap Portfolio | 3.75% | 3.79% | 3.27% | 2.94% | 4.47% | 10.20% | 2.25% | 3.11% | 5.02% | 3.41% | 3.74% | 3.24% |
BADEX BlackRock Defensive Advantage Emerging Markets Fund | 7.34% | 7.52% | 2.27% | 1.92% | 2.43% | 7.54% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DEMSX vs. BADEX - Drawdown Comparison
The maximum DEMSX drawdown since its inception was -66.70%, which is greater than BADEX's maximum drawdown of -21.86%. Use the drawdown chart below to compare losses from any high point for DEMSX and BADEX.
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Drawdown Indicators
| DEMSX | BADEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.70% | -21.86% | -44.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.30% | -8.89% | -1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -24.40% | -21.86% | -2.54% |
Max Drawdown (10Y)Largest decline over 10 years | -47.28% | — | — |
Current DrawdownCurrent decline from peak | -7.54% | -6.44% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -13.67% | -5.77% | -7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.28% | +0.61% |
Volatility
DEMSX vs. BADEX - Volatility Comparison
DFA Emerging Markets Small Cap Portfolio (DEMSX) has a higher volatility of 5.53% compared to BlackRock Defensive Advantage Emerging Markets Fund (BADEX) at 4.79%. This indicates that DEMSX's price experiences larger fluctuations and is considered to be riskier than BADEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEMSX | BADEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 4.79% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.49% | 7.36% | +2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.67% | 10.34% | +3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.10% | 10.00% | +3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.69% | 10.19% | +4.50% |