DEMSX vs. RNLSY

Last updated Jun 5, 2026

DEMSX (DFA Emerging Markets Small Cap Portfolio) is Emerging Markets Diversified fund managed by Dimensional, while RNLSY (Renault SA) is a stock. Over the past 10 years, DEMSX returned 9.34%/yr vs -6.30%/yr for RNLSY. At a 0.40 correlation, their price movements are largely independent.

Performance

DEMSX vs. RNLSY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA Emerging Markets Small Cap Portfolio (DEMSX) and Renault SA (RNLSY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DEMSX achieves a 10.80% return, which is significantly higher than RNLSY's -18.43% return. Over the past 10 years, DEMSX has outperformed RNLSY with an annualized return of 9.34%, while RNLSY has yielded a comparatively lower -6.30% annualized return.

DEMSX

• 1D: -0.64%
• 1M: -0.81%
• YTD: 10.80%
• 6M: 11.82%
• 1Y: 22.40%
• 3Y*: 14.65%
• 5Y*: 6.78%
• 10Y*: 9.34%

RNLSY

• 1D: 0.05%
• 1M: -2.71%
• YTD: -18.43%
• 6M: -21.57%
• 1Y: -32.37%
• 3Y*: 1.03%
• 5Y*: -2.36%
• 10Y*: -6.30%

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

DEMSX vs. RNLSY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DEMSX DFA Emerging Markets Small Cap Portfolio	10.80%	19.01%	4.92%	16.32%	-15.30%	19.54%	13.82%	14.89%	-17.55%	33.32%
RNLSY Renault SA	-18.43%	-10.26%	22.83%	23.45%	-3.50%	-21.42%	-1.07%	-18.36%	-36.07%	22.30%

Correlation

The correlation between DEMSX and RNLSY is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Nov 26, 2014	0.40

The correlation between DEMSX and RNLSY shifts across timeframes, from 0.22 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DEMSX vs. RNLSY — Risk / Return Rank

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

DEMSX

DEMSX Risk / Return Rank: 38
DEMSX Sharpe Ratio Rank: 38
DEMSX Sortino Ratio Rank: 35
DEMSX Omega Ratio Rank: 40
DEMSX Calmar Ratio Rank: 37
DEMSX Martin Ratio Rank: 37

RNLSY

RNLSY Risk / Return Rank: 9
RNLSY Sharpe Ratio Rank: 7
RNLSY Sortino Ratio Rank: 9
RNLSY Omega Ratio Rank: 10
RNLSY Calmar Ratio Rank: 8
RNLSY Martin Ratio Rank: 10

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.

DEMSX vs. RNLSY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA Emerging Markets Small Cap Portfolio (DEMSX) and Renault SA (RNLSY). 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	RNLSY	Difference
Sharpe ratio: Return per unit of total volatility	1.78	-0.90	+2.68
Sortino ratio: Return per unit of downside risk	2.48	-1.17	+3.65
Omega ratio: Gain probability vs. loss probability	1.34	0.86	+0.49
Calmar ratio: Return relative to maximum drawdown	2.29	-0.87	+3.16
Martin ratio: Return relative to average drawdown	8.13	-1.34	+9.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DEMSX vs. RNLSY - Sharpe Ratio Comparison

The current DEMSX Sharpe Ratio is 1.78, which is higher than the RNLSY Sharpe Ratio of -0.90. The chart below compares the historical Sharpe Ratios of DEMSX and RNLSY, 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

	DEMSX	RNLSY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	-0.90	+2.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	-0.06	+0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	-0.15	+0.78
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	-0.09	+0.70

Drawdowns

DEMSX vs. RNLSY - Drawdown Comparison

The maximum DEMSX drawdown since its inception was -66.70%, smaller than the maximum RNLSY drawdown of -86.01%. Use the drawdown chart below to compare losses from any high point for DEMSX and RNLSY.

Drawdown Indicators

	DEMSX	RNLSY	Difference
Max Drawdown Largest peak-to-trough decline	-66.70%	-86.01%	+19.31%
Max Drawdown (1Y) Largest decline over 1 year	-10.30%	-37.45%	+27.15%
Max Drawdown (3Y) Largest decline over 3 years	-17.21%	-43.13%	+25.92%
Max Drawdown (5Y) Largest decline over 5 years	-24.40%	-48.91%	+24.51%
Max Drawdown (10Y) Largest decline over 10 years	-47.28%	-86.01%	+38.73%
Current Drawdown Current decline from peak	-2.49%	-64.18%	+61.69%
Average Drawdown Average peak-to-trough decline	-13.60%	-43.67%	+30.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	24.15%	-21.26%

Volatility

DEMSX vs. RNLSY - Volatility Comparison

The current volatility for DFA Emerging Markets Small Cap Portfolio (DEMSX) is 4.78%, while Renault SA (RNLSY) has a volatility of 10.46%. This indicates that DEMSX experiences smaller price fluctuations and is considered to be less risky than RNLSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEMSX	RNLSY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.78%	10.46%	-5.68%
Volatility (6M) Calculated over the trailing 6-month period	11.00%	24.76%	-13.76%
Volatility (1Y) Calculated over the trailing 1-year period	13.23%	36.25%	-23.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.29%	40.21%	-26.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.79%	42.83%	-28.04%

Dividends

DEMSX vs. RNLSY - Dividend Comparison

DEMSX's dividend yield for the trailing twelve months is around 3.45%, less than RNLSY's 8.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEMSX DFA Emerging Markets Small Cap Portfolio	3.45%	3.79%	3.27%	2.94%	4.47%	10.20%	2.25%	3.11%	5.02%	3.41%	3.74%	3.24%
RNLSY Renault SA	8.13%	5.91%	4.11%	0.68%	0.00%	0.00%	2.74%	8.50%	6.70%	7.27%	6.10%	2.18%

Frequently Asked Questions

Can I hold both DEMSX and RNLSY in my portfolio?

DEMSX and RNLSY have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DEMSX or RNLSY?

RNLSY has higher volatility (10.46%) compared to DEMSX (4.78%). In terms of maximum drawdown, DEMSX dropped -66.70% vs RNLSY's -86.01%.

Which has better risk-adjusted returns?

DEMSX currently has the higher Sharpe Ratio (1.78 vs -0.90), 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.