DFAR vs. DFGR

Last updated Apr 1, 2026

Compare and contrast key facts about Dimensional US Real Estate ETF (DFAR) and Dimensional Global Real Estate ETF (DFGR).

DFAR and DFGR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFAR is an actively managed fund by Dimensional. It was launched on Feb 23, 2022. DFGR is an actively managed fund by Dimensional. It was launched on Dec 6, 2022.

Performance

DFAR vs. DFGR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional US Real Estate ETF (DFAR) and Dimensional Global Real Estate ETF (DFGR). The values are adjusted to include any dividend payments, if applicable.

DFAR vs. DFGR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DFAR Dimensional US Real Estate ETF	3.46%	1.31%	5.25%	11.04%	-2.02%
DFGR Dimensional Global Real Estate ETF	0.98%	7.65%	1.89%	9.64%	-1.24%

Returns By Period

In the year-to-date period, DFAR achieves a 3.46% return, which is significantly higher than DFGR's 0.98% return.

DFAR

• 1D: 1.55%
• 1M: -6.28%
• YTD: 3.46%
• 6M: 0.97%
• 1Y: 2.53%
• 3Y*: 6.36%
• 5Y*: —
• 10Y*: —

DFGR

• 1D: 1.72%
• 1M: -7.30%
• YTD: 0.98%
• 6M: 0.03%
• 1Y: 5.53%
• 3Y*: 6.35%
• 5Y*: —
• 10Y*: —

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

DFAR vs. DFGR - Expense Ratio Comparison

DFAR has a 0.19% expense ratio, which is lower than DFGR's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

DFGR

Dimensional Global Real Estate ETF

DFAR

Dimensional US Real Estate ETF

Return for Risk

DFAR vs. DFGR — Risk / Return Rank

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

DFAR

DFAR Risk / Return Rank: 17
DFAR Sharpe Ratio Rank: 17
DFAR Sortino Ratio Rank: 16
DFAR Omega Ratio Rank: 16
DFAR Calmar Ratio Rank: 19
DFAR Martin Ratio Rank: 21

DFGR

DFGR Risk / Return Rank: 25
DFGR Sharpe Ratio Rank: 24
DFGR Sortino Ratio Rank: 23
DFGR Omega Ratio Rank: 23
DFGR Calmar Ratio Rank: 26
DFGR Martin Ratio Rank: 28

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.

DFAR vs. DFGR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional US Real Estate ETF (DFAR) and Dimensional Global Real Estate ETF (DFGR). 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.

	DFAR	DFGR	Difference
Sharpe ratio Return per unit of total volatility	0.16	0.38	-0.22
Sortino ratio Return per unit of downside risk	0.32	0.62	-0.30
Omega ratio Gain probability vs. loss probability	1.04	1.08	-0.04
Calmar ratio Return relative to maximum drawdown	0.30	0.57	-0.27
Martin ratio Return relative to average drawdown	1.16	2.24	-1.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFAR vs. DFGR - Sharpe Ratio Comparison

The current DFAR Sharpe Ratio is 0.16, which is lower than the DFGR Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of DFAR and DFGR, 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

	DFAR	DFGR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.16	0.38	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.37	-0.30

Correlation

The correlation between DFAR and DFGR is 0.97, 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

DFAR vs. DFGR - Dividend Comparison

DFAR's dividend yield for the trailing twelve months is around 2.98%, less than DFGR's 4.21% yield.

	TTM	2025	2024	2023	2022
DFAR Dimensional US Real Estate ETF	2.98%	2.97%	2.89%	3.06%	1.69%
DFGR Dimensional Global Real Estate ETF	4.21%	4.05%	3.73%	2.77%	0.59%

Drawdowns

DFAR vs. DFGR - Drawdown Comparison

The maximum DFAR drawdown since its inception was -32.27%, which is greater than DFGR's maximum drawdown of -21.28%. Use the drawdown chart below to compare losses from any high point for DFAR and DFGR.

Drawdown Indicators

	DFAR	DFGR	Difference
Max Drawdown Largest peak-to-trough decline	-32.27%	-21.28%	-10.99%
Max Drawdown (1Y) Largest decline over 1 year	-12.10%	-10.85%	-1.25%
Current Drawdown Current decline from peak	-6.75%	-7.39%	+0.64%
Average Drawdown Average peak-to-trough decline	-14.76%	-6.55%	-8.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	2.77%	+0.36%

Volatility

DFAR vs. DFGR - Volatility Comparison

Dimensional US Real Estate ETF (DFAR) and Dimensional Global Real Estate ETF (DFGR) have volatilities of 4.48% and 4.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFAR	DFGR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	4.51%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	9.28%	8.35%	+0.93%
Volatility (1Y) Calculated over the trailing 1-year period	16.06%	14.57%	+1.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.32%	15.53%	+3.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.32%	15.53%	+3.79%