DFAC vs. ^XAX
DFAC (Dimensional U.S. Core Equity 2 ETF) is Large Cap Blend Equities fund actively managed by Dimensional, while ^XAX (NYSE American Composite Index) is an index. Over the past 5 years, DFAC returned 11.69%/yr vs 19.59%/yr for ^XAX. At a 0.48 correlation, their price movements are largely independent.
Performance
DFAC vs. ^XAX - Performance Comparison
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Returns By Period
In the year-to-date period, DFAC achieves a 10.46% return, which is significantly lower than ^XAX's 15.65% return.
DFAC
- 1D
- -1.29%
- 1M
- 0.07%
- YTD
- 10.46%
- 6M
- 9.33%
- 1Y
- 25.95%
- 3Y*
- 19.52%
- 5Y*
- 11.69%
- 10Y*
- —
^XAX
- 1D
- -0.43%
- 1M
- -12.02%
- YTD
- 15.65%
- 6M
- 14.37%
- 1Y
- 38.43%
- 3Y*
- 25.28%
- 5Y*
- 19.59%
- 10Y*
- 13.29%
DFAC vs. ^XAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DFAC Dimensional U.S. Core Equity 2 ETF | 10.46% | 15.66% | 19.61% | 21.96% | -14.93% | 9.55% |
^XAX NYSE American Composite Index | 15.65% | 46.53% | 2.00% | 11.10% | 20.66% | 3.37% |
Correlation
The correlation between DFAC and ^XAX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021 | 0.48 |
The correlation between DFAC and ^XAX shifts across timeframes, from 0.32 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DFAC vs. ^XAX — Risk / Return Rank
DFAC
^XAX
DFAC vs. ^XAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional U.S. Core Equity 2 ETF (DFAC) and NYSE American Composite Index (^XAX). 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.
| DFAC | ^XAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.31 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 2.69 | +0.39 |
| Martin ratioReturn relative to average drawdown | 13.40 | 10.17 | +3.23 |
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Drawdowns
DFAC vs. ^XAX - Drawdown Comparison
The maximum DFAC drawdown since its inception was -23.12%, smaller than the maximum ^XAX drawdown of -54.41%. Use the drawdown chart below to compare losses from any high point for DFAC and ^XAX.
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Drawdown Indicators
| DFAC | ^XAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.12% | -54.41% | +31.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.49% | -14.37% | +5.88% |
Max Drawdown (3Y)Largest decline over 3 years | -20.02% | -18.79% | -1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -23.12% | -19.28% | -3.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.59% | — |
Current DrawdownCurrent decline from peak | -2.07% | -14.33% | +12.26% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -10.30% | +4.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 3.79% | -1.85% |
Volatility
DFAC vs. ^XAX - Volatility Comparison
The current volatility for Dimensional U.S. Core Equity 2 ETF (DFAC) is 4.56%, while NYSE American Composite Index (^XAX) has a volatility of 7.32%. This indicates that DFAC experiences smaller price fluctuations and is considered to be less risky than ^XAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFAC | ^XAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 7.32% | -2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 9.73% | 17.45% | -7.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.64% | 21.50% | -8.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 22.63% | -5.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.14% | 21.85% | -4.71% |
Frequently Asked Questions
DFAC and ^XAX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^XAX has higher volatility (7.32%) compared to DFAC (4.56%). In terms of maximum drawdown, DFAC dropped -23.12% vs ^XAX's -54.41%.
DFAC currently has the higher Sharpe Ratio (2.07 vs 1.80), 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.
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