DFALX vs. DFVQX

Last updated Jun 3, 2026

DFALX (DFA Large Cap International Portfolio) and DFVQX (DFA International Vector Equity Portfolio) are both mutual funds - DFALX is a Foreign Large Cap Equities fund managed by Dimensional, while DFVQX is a Foreign Small & Mid Cap Equities fund managed by Dimensional. Over the past 10 years, DFALX returned 9.97%/yr vs 9.97%/yr for DFVQX. With a 0.98 correlation, they move nearly in lockstep. DFALX charges 0.18%/yr vs 0.36%/yr for DFVQX.

Performance

DFALX vs. DFVQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA Large Cap International Portfolio (DFALX) and DFA International Vector Equity Portfolio (DFVQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFALX achieves a 10.25% return, which is significantly lower than DFVQX's 11.57% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: DFALX at 9.97% and DFVQX at 9.97%.

DFALX

• 1D: -0.37%
• 1M: 2.09%
• YTD: 10.25%
• 6M: 13.47%
• 1Y: 24.95%
• 3Y*: 18.51%
• 5Y*: 9.58%
• 10Y*: 9.97%

DFVQX

• 1D: -0.50%
• 1M: 2.14%
• YTD: 11.57%
• 6M: 15.18%
• 1Y: 28.80%
• 3Y*: 20.69%
• 5Y*: 10.19%
• 10Y*: 9.97%

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

DFALX vs. DFVQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFALX DFA Large Cap International Portfolio	10.25%	33.60%	4.55%	17.88%	-13.04%	12.79%	8.13%	22.05%	-14.15%	25.35%
DFVQX DFA International Vector Equity Portfolio	11.57%	38.02%	4.55%	17.05%	-12.54%	15.01%	6.10%	20.87%	-19.03%	27.51%

Correlation

The correlation between DFALX and DFVQX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Aug 6, 2012	0.98

The correlation between DFALX and DFVQX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

DFALX vs. DFVQX — Risk / Return Rank

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

DFALX

DFALX Risk / Return Rank: 42
DFALX Sharpe Ratio Rank: 42
DFALX Sortino Ratio Rank: 40
DFALX Omega Ratio Rank: 40
DFALX Calmar Ratio Rank: 44
DFALX Martin Ratio Rank: 48

DFVQX

DFVQX Risk / Return Rank: 55
DFVQX Sharpe Ratio Rank: 59
DFVQX Sortino Ratio Rank: 56
DFVQX Omega Ratio Rank: 54
DFVQX Calmar Ratio Rank: 52
DFVQX Martin Ratio Rank: 53

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.

DFALX vs. DFVQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA Large Cap International Portfolio (DFALX) and DFA International Vector Equity Portfolio (DFVQX). 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.

	DFALX	DFVQX	Difference
Sharpe ratio Return per unit of total volatility	1.89	2.27	-0.38
Sortino ratio Return per unit of downside risk	2.63	3.14	-0.51
Omega ratio Gain probability vs. loss probability	1.34	1.41	-0.07
Calmar ratio Return relative to maximum drawdown	2.56	2.76	-0.20
Martin ratio Return relative to average drawdown	10.00	10.82	-0.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFALX vs. DFVQX - Sharpe Ratio Comparison

The current DFALX Sharpe Ratio is 1.89, which is comparable to the DFVQX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of DFALX and DFVQX, 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

	DFALX	DFVQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	2.27	-0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.66	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.61	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.61	-0.23

Drawdowns

DFALX vs. DFVQX - Drawdown Comparison

The maximum DFALX drawdown since its inception was -59.76%, which is greater than DFVQX's maximum drawdown of -44.58%. Use the drawdown chart below to compare losses from any high point for DFALX and DFVQX.

Drawdown Indicators

	DFALX	DFVQX	Difference
Max Drawdown Largest peak-to-trough decline	-59.76%	-44.58%	-15.18%
Max Drawdown (1Y) Largest decline over 1 year	-10.70%	-10.98%	+0.28%
Max Drawdown (3Y) Largest decline over 3 years	-13.11%	-13.00%	-0.11%
Max Drawdown (5Y) Largest decline over 5 years	-27.52%	-28.33%	+0.81%
Max Drawdown (10Y) Largest decline over 10 years	-35.58%	-44.58%	+9.00%
Current Drawdown Current decline from peak	-0.60%	-0.90%	+0.30%
Average Drawdown Average peak-to-trough decline	-12.01%	-7.86%	-4.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	2.80%	-0.06%

Volatility

DFALX vs. DFVQX - Volatility Comparison

DFA Large Cap International Portfolio (DFALX) has a higher volatility of 4.27% compared to DFA International Vector Equity Portfolio (DFVQX) at 4.06%. This indicates that DFALX's price experiences larger fluctuations and is considered to be riskier than DFVQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFALX	DFVQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	4.06%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	11.41%	11.04%	+0.37%
Volatility (1Y) Calculated over the trailing 1-year period	14.13%	13.65%	+0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.67%	15.64%	+0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.18%	16.55%	-0.37%

DFALX vs. DFVQX - Expense Ratio Comparison

DFALX has a 0.18% expense ratio, which is lower than DFVQX's 0.36% expense ratio.

Dividends

DFALX vs. DFVQX - Dividend Comparison

DFALX's dividend yield for the trailing twelve months is around 2.74%, less than DFVQX's 2.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFALX DFA Large Cap International Portfolio	2.74%	2.89%	3.18%	3.24%	2.86%	3.00%	1.88%	2.88%	3.07%	2.55%	2.89%	2.94%
DFVQX DFA International Vector Equity Portfolio	2.92%	3.06%	3.56%	3.47%	2.73%	4.76%	1.79%	2.68%	5.96%	1.81%	2.15%	2.77%

Frequently Asked Questions

Can I hold both DFALX and DFVQX in my portfolio?

With a correlation of 0.96, DFALX and DFVQX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DFALX or DFVQX?

DFALX has higher volatility (4.27%) compared to DFVQX (4.06%). In terms of maximum drawdown, DFALX dropped -59.76% vs DFVQX's -44.58%.

Which has better risk-adjusted returns?

DFVQX currently has the higher Sharpe Ratio (2.27 vs 1.89), 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.