DEXC vs. DFEV

Last updated Jun 23, 2026

DEXC (Dimensional Emerging Markets ex China Core Equity ETF) and DFEV (Dimensional Emerging Markets Value ETF) are both Emerging Markets Diversified funds. Both are actively managed. Over the past year, DEXC returned 67.47% vs 58.26% for DFEV. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.43% expense ratio.

Performance

DEXC vs. DFEV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Emerging Markets ex China Core Equity ETF (DEXC) 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, DEXC achieves a 42.49% return, which is significantly higher than DFEV's 32.51% return.

DEXC

• 1D: 0.62%
• 1M: 10.70%
• YTD: 42.49%
• 6M: 44.98%
• 1Y: 67.47%
• 3Y*: —
• 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)

DEXC vs. DFEV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DEXC Dimensional Emerging Markets ex China Core Equity ETF	42.49%	27.13%	-1.63%
DFEV Dimensional Emerging Markets Value ETF	32.51%	32.54%	-1.35%

Correlation

The correlation between DEXC and DFEV is 0.94, 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	0.94
Correlation (All Time) Calculated using the full available price history since Nov 14, 2024	0.90

The correlation between DEXC and DFEV has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

DEXC vs. DFEV — Risk / Return Rank

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

DEXC

DEXC Risk / Return Rank: 89
DEXC Sharpe Ratio Rank: 91
DEXC Sortino Ratio Rank: 86
DEXC Omega Ratio Rank: 90
DEXC Calmar Ratio Rank: 89
DEXC 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.

DEXC vs. DFEV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Markets ex China Core Equity ETF (DEXC) 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.

	DEXC	DFEV	Difference
Sharpe ratio: Return per unit of total volatility	2.97	3.05	-0.08
Sortino ratio: Return per unit of downside risk	3.69	3.85	-0.16
Omega ratio: Gain probability vs. loss probability	1.55	1.57	-0.02
Calmar ratio: Return relative to maximum drawdown	5.27	5.16	+0.12
Martin ratio: Return relative to average drawdown	20.09	18.53	+1.56

DEXC vs. DFEV - Sharpe Ratio Comparison

The current DEXC Sharpe Ratio is 2.97, which is comparable to the DFEV Sharpe Ratio of 3.05. The chart below compares the historical Sharpe Ratios of DEXC 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

DEXC vs. DFEV - Drawdown Comparison

The maximum DEXC drawdown since its inception was -15.07%, smaller than the maximum DFEV drawdown of -18.49%. Use the drawdown chart below to compare losses from any high point for DEXC and DFEV.

Drawdown Indicators

	DEXC	DFEV	Difference
Max Drawdown Largest peak-to-trough decline	-15.07%	-18.49%	+3.42%
Max Drawdown (1Y) Largest decline over 1 year	-12.86%	-11.35%	-1.51%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.94%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.44%	-4.63%	+2.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	3.15%	+0.22%

Volatility

DEXC vs. DFEV - Volatility Comparison

Dimensional Emerging Markets ex China Core Equity ETF (DEXC) has a higher volatility of 12.06% compared to Dimensional Emerging Markets Value ETF (DFEV) at 10.11%. This indicates that DEXC'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

	DEXC	DFEV	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.06%	10.11%	+1.95%
Volatility (6M) Calculated over the trailing 6-month period	21.06%	17.17%	+3.89%
Volatility (1Y) Calculated over the trailing 1-year period	22.90%	19.26%	+3.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.17%	16.89%	+4.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.17%	16.89%	+4.28%

DEXC vs. DFEV - Expense Ratio Comparison

Both DEXC and DFEV have an expense ratio of 0.43%.

Dividends

DEXC vs. DFEV - Dividend Comparison

DEXC's dividend yield for the trailing twelve months is around 1.40%, less than DFEV's 1.98% yield.

Position	TTM	2025	2024	2023	2022
DEXC Dimensional Emerging Markets ex China Core Equity ETF	1.40%	1.97%	0.19%	0.00%	0.00%
DFEV Dimensional Emerging Markets Value ETF	1.98%	2.69%	3.17%	3.47%	3.35%

Frequently Asked Questions

Can I hold both DEXC and DFEV in my portfolio?

With a correlation of 0.94, DEXC 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, DEXC or DFEV?

DEXC has higher volatility (12.06%) compared to DFEV (10.11%). In terms of maximum drawdown, DEXC dropped -15.07% vs DFEV's -18.49%.

Which ETF is better, DEXC or DFEV?

On 1-year performance, DEXC leads with 67.47% vs 58.26% for DFEV. Both ETFs have the same 0.43% expense ratio. 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, DEXC or DFEV?

Over the 1-year period, DEXC has performed better with a 67.47% return vs 58.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DEXC or DFEV?

DEXC and DFEV have the same expense ratio: 0.43% per year.

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

DFEV has the higher dividend yield at 1.98%, compared with 1.40% for DEXC.

What is the main difference between DEXC and DFEV?

They also come from different issuers: Dimensional Fund Advisors and Dimensional.

Which has better risk-adjusted returns?

DFEV currently has the higher Sharpe Ratio (3.05 vs 2.97), 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.