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DFAE vs. VEE.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

DFAE vs. VEE.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Dimensional Emerging Core Equity Market ETF (DFAE) and Vanguard FTSE Emerging Markets All Cap Index ETF (VEE.TO).

DFAE and VEE.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFAE is an actively managed fund by Dimensional. It was launched on Dec 2, 2020. VEE.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Markets All Cap China A Inclusion Index. It was launched on Nov 30, 2011.

Performance

DFAE vs. VEE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Emerging Core Equity Market ETF (DFAE) and Vanguard FTSE Emerging Markets All Cap Index ETF (VEE.TO). The values are adjusted to include any dividend payments, if applicable.

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DFAE vs. VEE.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
DFAE
Dimensional Emerging Core Equity Market ETF		4.95%31.48%7.68%12.63%-17.52%3.53%4.85%
VEE.TO
Vanguard FTSE Emerging Markets All Cap Index ETF		0.73%25.03%9.66%8.66%-18.62%0.79%3.78%
Different Trading Currencies

DFAE is traded in USD, while VEE.TO is traded in CAD. To make them comparable, the VEE.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DFAE achieves a 4.95% return, which is significantly higher than VEE.TO's 0.73% return.

DFAE

1D
0.80%
1M
-6.60%
YTD
4.95%
6M
8.22%
1Y
34.15%
3Y*
16.80%
5Y*
6.27%
10Y*
—

VEE.TO

1D
0.20%
1M
-5.26%
YTD
0.73%
6M
0.95%
1Y
21.95%
3Y*
13.10%
5Y*
3.25%
10Y*
7.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Dimensional Emerging Core Equity Market ETF

Vanguard FTSE Emerging Markets All Cap Index ETF

Often compared with DFAE:
DFAE vs. DFEMDFAE vs. DFAIDFAE vs. VWODFAE vs. AVEMDFAE vs. DFEMXDFAE vs. VXUSDFAE vs. ECNS
Often compared with VEE.TO:
VEE.TO vs. XEC.TOVEE.TO vs. VFV.TOVEE.TO vs. ZEM.TOVEE.TO vs. XEQT.TOVEE.TO vs. VOOVEE.TO vs. VIDY.TOVEE.TO vs. VXUS

DFAE vs. VEE.TO - Expense Ratio Comparison

DFAE has a 0.35% expense ratio, which is higher than VEE.TO's 0.25% expense ratio.

DFAE
Dimensional Emerging Core Equity Market ETF
VEE.TO
Vanguard FTSE Emerging Markets All Cap Index ETF

Return for Risk

DFAE vs. VEE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DFAE
DFAE Risk / Return Rank: 8686
Overall Rank
DFAE Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
DFAE Sortino Ratio Rank: 8585
Sortino Ratio Rank
DFAE Omega Ratio Rank: 8585
Omega Ratio Rank
DFAE Calmar Ratio Rank: 8686
Calmar Ratio Rank
DFAE Martin Ratio Rank: 8585
Martin Ratio Rank
VEE.TO
VEE.TO Risk / Return Rank: 5555
Overall Rank
VEE.TO Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
VEE.TO Sortino Ratio Rank: 5656
Sortino Ratio Rank
VEE.TO Omega Ratio Rank: 5757
Omega Ratio Rank
VEE.TO Calmar Ratio Rank: 5353
Calmar Ratio Rank
VEE.TO Martin Ratio Rank: 5252
Martin Ratio Rank
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.

DFAE vs. VEE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Core Equity Market ETF (DFAE) and Vanguard FTSE Emerging Markets All Cap Index ETF (VEE.TO). 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.

DFAEVEE.TODifference

Sharpe ratio

Return per unit of total volatility

1.77

1.22

+0.56

Sortino ratio

Return per unit of downside risk

2.37

1.72

+0.65

Omega ratio

Gain probability vs. loss probability

1.35

1.25

+0.10

Calmar ratio

Return relative to maximum drawdown

2.73

1.76

+0.97

Martin ratio

Return relative to average drawdown

10.40

6.85

+3.54

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFAE vs. VEE.TO - Sharpe Ratio Comparison

The current DFAE Sharpe Ratio is 1.77, which is higher than the VEE.TO Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of DFAE and VEE.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

DFAEVEE.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.77

1.22

+0.56

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.36

0.19

+0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.36

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.23

+0.22

Correlation

The correlation between DFAE and VEE.TO is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DFAE vs. VEE.TO - Dividend Comparison

DFAE's dividend yield for the trailing twelve months is around 2.09%, less than VEE.TO's 2.13% yield.

TTM20252024202320222021202020192018201720162015
DFAE
Dimensional Emerging Core Equity Market ETF		2.09%2.20%2.35%2.43%2.85%1.63%0.01%0.00%0.00%0.00%0.00%0.00%
VEE.TO
Vanguard FTSE Emerging Markets All Cap Index ETF		2.13%2.26%2.45%2.83%3.35%2.18%1.61%2.71%2.21%1.89%1.99%2.53%

Drawdowns

DFAE vs. VEE.TO - Drawdown Comparison

The maximum DFAE drawdown since its inception was -32.21%, smaller than the maximum VEE.TO drawdown of -37.07%. Use the drawdown chart below to compare losses from any high point for DFAE and VEE.TO.

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Drawdown Indicators

DFAEVEE.TODifference

Max Drawdown

Largest peak-to-trough decline

-32.21%

-29.84%

-2.37%

Max Drawdown (1Y)

Largest decline over 1 year

-12.80%

-12.77%

-0.03%

Max Drawdown (5Y)

Largest decline over 5 years

-32.21%

-26.10%

-6.11%

Max Drawdown (10Y)

Largest decline over 10 years

—

-29.84%

—

Current Drawdown

Current decline from peak

-9.02%

-6.76%

-2.26%

Average Drawdown

Average peak-to-trough decline

-10.59%

-8.82%

-1.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.36%

3.49%

-0.13%

Volatility

DFAE vs. VEE.TO - Volatility Comparison

Dimensional Emerging Core Equity Market ETF (DFAE) has a higher volatility of 9.12% compared to Vanguard FTSE Emerging Markets All Cap Index ETF (VEE.TO) at 7.54%. This indicates that DFAE's price experiences larger fluctuations and is considered to be riskier than VEE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DFAEVEE.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

9.12%

7.54%

+1.58%

Volatility (6M)

Calculated over the trailing 6-month period

14.33%

12.23%

+2.10%

Volatility (1Y)

Calculated over the trailing 1-year period

19.37%

18.14%

+1.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.36%

17.51%

-0.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.49%

19.42%

-1.93%