DFAE vs. VTV

Last updated Jun 5, 2026

DFAE (Dimensional Emerging Core Equity Market ETF) and VTV (Vanguard Value ETF) are both exchange-traded funds - DFAE is a Emerging Markets Equities fund actively managed by Dimensional, while VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. DFAE is actively managed, while VTV is passively managed. Over the past 5 years, DFAE returned 8.77%/yr vs 11.41%/yr for VTV. A 0.54 correlation means they provide meaningful diversification when combined. DFAE charges 0.35%/yr vs 0.04%/yr for VTV.

Performance

DFAE vs. VTV - Performance Comparison

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

Returns By Period

In the year-to-date period, DFAE achieves a 25.28% return, which is significantly higher than VTV's 13.16% return.

DFAE

• 1D: -0.83%
• 1M: 4.78%
• YTD: 25.28%
• 6M: 27.97%
• 1Y: 49.72%
• 3Y*: 23.46%
• 5Y*: 8.77%
• 10Y*: —

VTV

• 1D: 0.77%
• 1M: 4.08%
• YTD: 13.16%
• 6M: 14.00%
• 1Y: 27.88%
• 3Y*: 18.69%
• 5Y*: 11.41%
• 10Y*: 12.49%

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

DFAE vs. VTV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DFAE Dimensional Emerging Core Equity Market ETF	25.28%	31.48%	7.68%	12.63%	-17.52%	3.53%	4.85%
VTV Vanguard Value ETF	13.16%	15.27%	15.95%	9.32%	-2.09%	26.53%	1.94%

Correlation

The correlation between DFAE and VTV is 0.50, 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	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Dec 3, 2020	0.54

The correlation between DFAE and VTV has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.

DFAE vs. VTV - Sectors Allocation Comparison

Sectors	DFAE	VTV
Technology	34.8%	13.4%
Financial Services	17.1%	22.3%
Industrials	10.2%	14.0%
Consumer Cyclical	9.1%	4.0%
Basic Materials	7.7%	3.1%
Communication Services	6.1%	3.3%
Energy	4.2%	8.1%
Healthcare	3.5%	14.5%
Consumer Defensive	3.3%	9.4%
Utilities	2.4%	5.2%
Real Estate	1.5%	2.8%

Return for Risk

DFAE vs. VTV — Risk / Return Rank

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

DFAE

DFAE Risk / Return Rank: 79
DFAE Sharpe Ratio Rank: 82
DFAE Sortino Ratio Rank: 78
DFAE Omega Ratio Rank: 81
DFAE Calmar Ratio Rank: 78
DFAE Martin Ratio Rank: 79

VTV

VTV Risk / Return Rank: 85
VTV Sharpe Ratio Rank: 85
VTV Sortino Ratio Rank: 88
VTV Omega Ratio Rank: 83
VTV Calmar Ratio Rank: 83
VTV Martin Ratio Rank: 83

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. VTV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Core Equity Market ETF (DFAE) and Vanguard Value ETF (VTV). 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.

	DFAE	VTV	Difference
Sharpe ratio: Return per unit of total volatility	2.63	2.77	-0.14
Sortino ratio: Return per unit of downside risk	3.43	3.95	-0.52
Omega ratio: Gain probability vs. loss probability	1.48	1.50	-0.02
Calmar ratio: Return relative to maximum drawdown	3.90	4.41	-0.51
Martin ratio: Return relative to average drawdown	15.10	16.67	-1.56
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. VTV - Sharpe Ratio Comparison

The current DFAE Sharpe Ratio is 2.63, which is comparable to the VTV Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of DFAE and VTV, 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

	DFAE	VTV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	2.77	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.83	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.51	+0.11

Drawdowns

DFAE vs. VTV - Drawdown Comparison

The maximum DFAE drawdown since its inception was -32.21%, smaller than the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for DFAE and VTV.

Drawdown Indicators

	DFAE	VTV	Difference
Max Drawdown Largest peak-to-trough decline	-32.21%	-59.27%	+27.06%
Max Drawdown (1Y) Largest decline over 1 year	-12.80%	-6.35%	-6.45%
Max Drawdown (3Y) Largest decline over 3 years	-18.12%	-14.52%	-3.60%
Max Drawdown (5Y) Largest decline over 5 years	-32.19%	-17.04%	-15.15%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.78%	—
Current Drawdown Current decline from peak	-2.07%	0.00%	-2.07%
Average Drawdown Average peak-to-trough decline	-10.31%	-7.87%	-2.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	1.68%	+1.62%

Volatility

DFAE vs. VTV - Volatility Comparison

Dimensional Emerging Core Equity Market ETF (DFAE) has a higher volatility of 8.00% compared to Vanguard Value ETF (VTV) at 2.48%. This indicates that DFAE's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFAE	VTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.00%	2.48%	+5.52%
Volatility (6M) Calculated over the trailing 6-month period	16.56%	7.57%	+8.99%
Volatility (1Y) Calculated over the trailing 1-year period	19.02%	10.12%	+8.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.81%	13.88%	+3.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.84%	16.66%	+1.18%

DFAE vs. VTV - Expense Ratio Comparison

DFAE has a 0.35% expense ratio, which is higher than VTV's 0.04% expense ratio.

Dividends

DFAE vs. VTV - Dividend Comparison

DFAE's dividend yield for the trailing twelve months is around 1.75%, less than VTV's 1.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFAE Dimensional Emerging Core Equity Market ETF	1.75%	2.20%	2.35%	2.43%	2.85%	1.63%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
VTV Vanguard Value ETF	1.85%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both DFAE and VTV in my portfolio?

DFAE and VTV have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFAE or VTV?

DFAE has higher volatility (8.00%) compared to VTV (2.48%). In terms of maximum drawdown, DFAE dropped -32.21% vs VTV's -59.27%.

Which ETF is better, DFAE or VTV?

On 5-year performance, VTV leads with 11.41% vs 8.77% for DFAE. On fees, VTV is cheaper at 0.04% per year. On volatility, VTV has been the lower-risk option at 2.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFAE or VTV?

Over the 5-year period, VTV has performed better with a 11.41% return vs 8.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFAE or VTV?

VTV is cheaper with a 0.04% expense ratio, compared with 0.35% for DFAE.

Which ETF pays a higher dividend yield, DFAE or VTV?

VTV has the higher dividend yield at 1.85%, compared with 1.75% for DFAE.

What is the main difference between DFAE and VTV?

DFAE is categorized as Emerging Markets Equities, while VTV is Large Cap Value Equities. They also come from different issuers: Dimensional and Vanguard. Their fees differ too: 0.35% for DFAE and 0.04% for VTV.

Which has better risk-adjusted returns?

VTV currently has the higher Sharpe Ratio (2.77 vs 2.63), 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.