DFAC vs. ^XAX

Last updated Apr 2, 2026

Compare and contrast key facts about Dimensional U.S. Core Equity 2 ETF (DFAC) and NYSE American Composite Index (^XAX).

DFAC is an actively managed fund by Dimensional. It was launched on Jun 14, 2021.

Performance

DFAC vs. ^XAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional U.S. Core Equity 2 ETF (DFAC) and NYSE American Composite Index (^XAX). The values are adjusted to include any dividend payments, if applicable.

DFAC vs. ^XAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DFAC Dimensional U.S. Core Equity 2 ETF	-0.94%	15.66%	19.61%	21.96%	-14.93%	9.51%
^XAX NYSE American Composite Index	28.51%	46.53%	2.00%	11.10%	20.66%	3.52%

Returns By Period

In the year-to-date period, DFAC achieves a -0.94% return, which is significantly lower than ^XAX's 28.51% return.

DFAC

• 1D: 0.67%
• 1M: -4.44%
• YTD: -0.94%
• 6M: 1.68%
• 1Y: 19.45%
• 3Y*: 16.69%
• 5Y*: —
• 10Y*: —

^XAX

• 1D: -0.01%
• 1M: -0.41%
• YTD: 28.51%
• 6M: 26.48%
• 1Y: 71.96%
• 3Y*: 27.33%
• 5Y*: 26.04%
• 10Y*: 14.73%

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

Return for Risk

DFAC vs. ^XAX — Risk / Return Rank

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

DFAC

DFAC Risk / Return Rank: 61
DFAC Sharpe Ratio Rank: 58
DFAC Sortino Ratio Rank: 60
DFAC Omega Ratio Rank: 62
DFAC Calmar Ratio Rank: 58
DFAC Martin Ratio Rank: 69

^XAX

^XAX Risk / Return Rank: 98
^XAX Sharpe Ratio Rank: 98
^XAX Sortino Ratio Rank: 98
^XAX Omega Ratio Rank: 99
^XAX Calmar Ratio Rank: 97
^XAX Martin Ratio Rank: 98

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.

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.

	DFAC	^XAX	Difference
Sharpe ratio Return per unit of total volatility	1.06	3.09	-2.04
Sortino ratio Return per unit of downside risk	1.59	3.59	-2.00
Omega ratio Gain probability vs. loss probability	1.24	1.53	-0.30
Calmar ratio Return relative to maximum drawdown	1.55	4.87	-3.32
Martin ratio Return relative to average drawdown	7.26	20.18	-12.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFAC vs. ^XAX - Sharpe Ratio Comparison

The current DFAC Sharpe Ratio is 1.06, which is lower than the ^XAX Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of DFAC and ^XAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DFAC	^XAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	3.09	-2.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.17	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.51	+0.05

Correlation

The correlation between DFAC and ^XAX is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

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.

Drawdown Indicators

	DFAC	^XAX	Difference
Max Drawdown Largest peak-to-trough decline	-23.12%	-54.41%	+31.29%
Max Drawdown (1Y) Largest decline over 1 year	-12.79%	-14.96%	+2.17%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.28%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-52.59%	—
Current Drawdown Current decline from peak	-5.31%	-0.41%	-4.90%
Average Drawdown Average peak-to-trough decline	-5.62%	-10.34%	+4.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	3.61%	-0.88%

Volatility

DFAC vs. ^XAX - Volatility Comparison

The current volatility for Dimensional U.S. Core Equity 2 ETF (DFAC) is 5.30%, while NYSE American Composite Index (^XAX) has a volatility of 5.85%. 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.

Volatility by Period

	DFAC	^XAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.30%	5.85%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	9.61%	17.13%	-7.52%
Volatility (1Y) Calculated over the trailing 1-year period	18.51%	23.39%	-4.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.30%	22.44%	-5.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.30%	21.75%	-4.45%