DEXC vs. DXIV

Last updated Jun 4, 2026

DEXC (Dimensional Emerging Markets ex China Core Equity ETF) and DXIV (Dimensional International Vector Equity ETF) are both exchange-traded funds - DEXC is a Emerging Markets Diversified fund actively managed by Dimensional Fund Advisors, while DXIV is a Foreign Small & Mid Cap Equities fund actively managed by Dimensional Fund Advisors. Both are actively managed. Over the past year, DEXC returned 63.36% vs 29.75% for DXIV. A 0.69 correlation means they provide meaningful diversification when combined. DEXC charges 0.43%/yr vs 0.30%/yr for DXIV.

Performance

DEXC vs. DXIV - 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 International Vector Equity ETF (DXIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DEXC achieves a 37.31% return, which is significantly higher than DXIV's 10.82% return.

DEXC

• 1D: -0.88%
• 1M: 11.20%
• YTD: 37.31%
• 6M: 41.69%
• 1Y: 63.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DXIV

• 1D: -0.63%
• 1M: 2.94%
• YTD: 10.82%
• 6M: 14.26%
• 1Y: 29.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DEXC vs. DXIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DEXC Dimensional Emerging Markets ex China Core Equity ETF	37.31%	27.13%	-1.20%
DXIV Dimensional International Vector Equity ETF	10.82%	39.12%	-1.47%

Correlation

The correlation between DEXC and DXIV is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (All Time) Calculated using the full available price history since Nov 15, 2024	0.69

The correlation between DEXC and DXIV has been stable across timeframes, ranging from 0.69 to 0.70 - a consistent structural relationship.

DEXC vs. DXIV - Sectors Allocation Comparison

Sectors	DEXC	DXIV
Technology	42.7%	7.3%
Financial Services	13.6%	17.6%
Industrials	9.2%	19.0%
Basic Materials	7.5%	12.6%
Consumer Cyclical	5.6%	11.3%
Consumer Defensive	3.1%	6.5%
Communication Services	2.8%	5.3%
Energy	2.7%	9.8%
Healthcare	2.6%	6.6%
Utilities	1.9%	2.5%
Real Estate	1.3%	1.6%

Return for Risk

DEXC vs. DXIV — 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: 90
DEXC Sortino Ratio Rank: 88
DEXC Omega Ratio Rank: 89
DEXC Calmar Ratio Rank: 87
DEXC Martin Ratio Rank: 89

DXIV

DXIV Risk / Return Rank: 63
DXIV Sharpe Ratio Rank: 67
DXIV Sortino Ratio Rank: 64
DXIV Omega Ratio Rank: 66
DXIV Calmar Ratio Rank: 56
DXIV Martin Ratio Rank: 61

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. DXIV - 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 International Vector Equity ETF (DXIV). 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.

	DEXC	DXIV	Difference
Sharpe ratio: Return per unit of total volatility	3.12	2.22	+0.90
Sortino ratio: Return per unit of downside risk	3.99	3.02	+0.97
Omega ratio: Gain probability vs. loss probability	1.57	1.40	+0.17
Calmar ratio: Return relative to maximum drawdown	4.95	2.76	+2.20
Martin ratio: Return relative to average drawdown	19.75	10.91	+8.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DEXC vs. DXIV - Sharpe Ratio Comparison

The current DEXC Sharpe Ratio is 3.12, which is higher than the DXIV Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of DEXC and DXIV, 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

	DEXC	DXIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.12	2.22	+0.90
Sharpe Ratio (All Time) Calculated using the full available price history	2.17	1.66	+0.51

Drawdowns

DEXC vs. DXIV - Drawdown Comparison

The maximum DEXC drawdown since its inception was -15.07%, which is greater than DXIV's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for DEXC and DXIV.

Drawdown Indicators

	DEXC	DXIV	Difference
Max Drawdown Largest peak-to-trough decline	-15.07%	-13.71%	-1.36%
Max Drawdown (1Y) Largest decline over 1 year	-12.86%	-10.84%	-2.02%
Current Drawdown Current decline from peak	-0.88%	-1.35%	+0.47%
Average Drawdown Average peak-to-trough decline	-2.41%	-2.47%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	2.73%	+0.49%

Volatility

DEXC vs. DXIV - Volatility Comparison

Dimensional Emerging Markets ex China Core Equity ETF (DEXC) has a higher volatility of 9.61% compared to Dimensional International Vector Equity ETF (DXIV) at 3.89%. This indicates that DEXC's price experiences larger fluctuations and is considered to be riskier than DXIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEXC	DXIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.61%	3.89%	+5.72%
Volatility (6M) Calculated over the trailing 6-month period	18.28%	11.08%	+7.20%
Volatility (1Y) Calculated over the trailing 1-year period	20.44%	13.50%	+6.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.73%	15.39%	+4.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.73%	15.39%	+4.34%

DEXC vs. DXIV - Expense Ratio Comparison

DEXC has a 0.43% expense ratio, which is higher than DXIV's 0.30% expense ratio.

Dividends

DEXC vs. DXIV - Dividend Comparison

DEXC's dividend yield for the trailing twelve months is around 1.45%, less than DXIV's 2.29% yield.

Position	TTM	2025	2024
DEXC Dimensional Emerging Markets ex China Core Equity ETF	1.45%	1.97%	0.19%
DXIV Dimensional International Vector Equity ETF	2.29%	2.50%	0.64%

Frequently Asked Questions

Can I hold both DEXC and DXIV in my portfolio?

DEXC and DXIV have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DEXC or DXIV?

DEXC has higher volatility (9.61%) compared to DXIV (3.89%). In terms of maximum drawdown, DEXC dropped -15.07% vs DXIV's -13.71%.

Which ETF is better, DEXC or DXIV?

On 1-year performance, DEXC leads with 63.36% vs 29.75% for DXIV. On fees, DXIV is cheaper at 0.30% per year. On volatility, DXIV has been the lower-risk option at 3.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DEXC or DXIV?

Over the 1-year period, DEXC has performed better with a 63.36% return vs 29.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DEXC or DXIV?

DXIV is cheaper with a 0.30% expense ratio, compared with 0.43% for DEXC.

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

DXIV has the higher dividend yield at 2.29%, compared with 1.45% for DEXC.

What is the main difference between DEXC and DXIV?

DEXC is categorized as Emerging Markets Diversified, while DXIV is Foreign Small & Mid Cap Equities. Their fees differ too: 0.43% for DEXC and 0.30% for DXIV.

Which has better risk-adjusted returns?

DEXC currently has the higher Sharpe Ratio (3.12 vs 2.22), 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.