DFAR vs. DFREX
Compare and contrast key facts about Dimensional US Real Estate ETF (DFAR) and DFA Real Estate Securities Portfolio Class I (DFREX).
DFAR is an actively managed fund by Dimensional Fund Advisors. It was launched on Feb 23, 2022. DFREX is managed by Dimensional Fund Advisors LP. It was launched on Jan 5, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFAR or DFREX.
Key characteristics
| DFAR | DFREX | |
|---|---|---|
| YTD Return | 14.96% | 15.29% |
| 1Y Return | 26.16% | 26.41% |
| Sharpe Ratio | 1.55 | 1.57 |
| Daily Std Dev | 18.43% | 18.39% |
| Max Drawdown | -32.27% | -74.36% |
| Current Drawdown | -2.82% | -3.76% |
Correlation
The correlation between DFAR and DFREX is 1.00, 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.
Performance
DFAR vs. DFREX - Performance Comparison
The year-to-date returns for both investments are quite close, with DFAR having a 14.96% return and DFREX slightly higher at 15.29%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DFAR vs. DFREX - Expense Ratio Comparison
DFAR has a 0.19% expense ratio, which is higher than DFREX's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
DFAR vs. DFREX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional US Real Estate ETF (DFAR) and DFA Real Estate Securities Portfolio Class I (DFREX). 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.
Dividends
DFAR vs. DFREX - Dividend Comparison
DFAR's dividend yield for the trailing twelve months is around 2.57%, less than DFREX's 3.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFAR Dimensional US Real Estate ETF | 2.57% | 3.06% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DFREX DFA Real Estate Securities Portfolio Class I | 3.22% | 3.59% | 6.24% | 2.56% | 3.36% | 2.23% | 4.88% | 3.29% | 4.06% | 2.86% | 2.59% | 3.03% |
Drawdowns
DFAR vs. DFREX - Drawdown Comparison
The maximum DFAR drawdown since its inception was -32.27%, smaller than the maximum DFREX drawdown of -74.36%. Use the drawdown chart below to compare losses from any high point for DFAR and DFREX. For additional features, visit the drawdowns tool.
Volatility
DFAR vs. DFREX - Volatility Comparison
Dimensional US Real Estate ETF (DFAR) and DFA Real Estate Securities Portfolio Class I (DFREX) have volatilities of 2.84% and 2.82%, 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.