DFAU vs. FLRG

Last updated Aug 4, 2026

DFAU (Dimensional US Core Equity Market ETF) and FLRG (Fidelity U.S. Multifactor ETF) are both Large Cap Blend Equities funds. DFAU is actively managed, while FLRG is passively managed. Over the past 5 years, DFAU returned 12.66%/yr vs 12.04%/yr for FLRG. Their correlation of 0.95 means they have usually moved in the same direction. DFAU charges 0.12%/yr vs 0.15%/yr for FLRG.

Performance

DFAU vs. FLRG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional US Core Equity Market ETF (DFAU) and Fidelity U.S. Multifactor ETF (FLRG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFAU achieves a 12.63% return, which is significantly higher than FLRG's 11.12% return.

DFAU

• 1D: 1.31%
• 1M: 1.79%
• 6M: 9.88%
• YTD: 12.63%
• 1Y: 24.32%
• 3Y*: 20.07%
• 5Y*: 12.66%
• 10Y*: —
• ALL TIME*: 15.12%

FLRG

• 1D: 0.76%
• 1M: 2.45%
• 6M: 8.71%
• YTD: 11.12%
• 1Y: 18.61%
• 3Y*: 18.67%
• 5Y*: 12.04%
• 10Y*: —
• ALL TIME*: 15.55%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DFAU Dimensional US Core Equity Market ETF	$29.77M	$29.67M	$32.10M
FLRG Fidelity U.S. Multifactor ETF	$445.46K	$654.49K	$817.38K

DFAU vs. FLRG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DFAU Dimensional US Core Equity Market ETF	12.63%	16.78%	23.17%	24.79%	-16.99%	26.89%	4.87%
FLRG Fidelity U.S. Multifactor ETF	11.12%	13.92%	23.36%	18.31%	-10.98%	29.36%	3.41%

Correlation

The correlation between DFAU and FLRG is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (All Time) Calculated using the full available price history since Nov 18, 2020	0.95

The correlation between DFAU and FLRG has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

DFAU vs. FLRG - Sectors Allocation Comparison

Sectors	DFAU	FLRG
Technology	39.8%	37.5%
Financial Services	14.2%	12.1%
Consumer Cyclical	10.4%	9.9%
Industrials	9.0%	7.7%
Communication Services	7.4%	9.2%
Healthcare	7.4%	9.7%
Consumer Defensive	3.9%	4.7%
Energy	3.2%	4.2%
Utilities	2.4%	1.1%
Basic Materials	2.2%	2.1%
Real Estate	0.2%	2.0%

Return for Risk

DFAU vs. FLRG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DFAU

DFAU Risk / Return Rank: 80
DFAU Sharpe Ratio Rank: 81
DFAU Sortino Ratio Rank: 79
DFAU Omega Ratio Rank: 79
DFAU Calmar Ratio Rank: 78
DFAU Martin Ratio Rank: 85

FLRG

FLRG Risk / Return Rank: 75
FLRG Sharpe Ratio Rank: 75
FLRG Sortino Ratio Rank: 75
FLRG Omega Ratio Rank: 74
FLRG Calmar Ratio Rank: 72
FLRG Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DFAU vs. FLRG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional US Core Equity Market ETF (DFAU) and Fidelity U.S. Multifactor ETF (FLRG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DFAU	FLRG	Difference
Sharpe ratio: Return per unit of total volatility	1.90	1.77	+0.13
Sortino ratio: Return per unit of downside risk	2.61	2.50	+0.11
Omega ratio: Gain probability vs. loss probability	1.34	1.32	+0.02
Calmar ratio: Return relative to maximum drawdown	2.82	2.61	+0.21
Martin ratio: Return relative to average drawdown	12.20	9.89	+2.31

DFAU vs. FLRG - Sharpe Ratio Comparison

The current DFAU Sharpe Ratio is 1.90, which is comparable to the FLRG Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of DFAU and FLRG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DFAU vs. FLRG - Drawdown Comparison

The maximum DFAU drawdown since its inception was -23.61%, which is greater than FLRG's maximum drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for DFAU and FLRG.

Drawdown Indicators

	DFAU	FLRG	Difference
Max Drawdown Largest peak-to-trough decline	-23.61%	-19.64%	-3.97%
Max Drawdown (1Y) Largest decline over 1 year	-8.67%	-7.16%	-1.51%
Max Drawdown (3Y) Largest decline over 3 years	-19.36%	-16.53%	-2.83%
Max Drawdown (5Y) Largest decline over 5 years	-23.61%	-19.64%	-3.97%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.88%	-3.67%	-1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	1.89%	+0.11%

Volatility

DFAU vs. FLRG - Volatility Comparison

Dimensional US Core Equity Market ETF (DFAU) has a higher volatility of 3.63% compared to Fidelity U.S. Multifactor ETF (FLRG) at 2.61%. This indicates that DFAU's price experiences larger fluctuations and is considered to be riskier than FLRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFAU	FLRG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	2.61%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	10.12%	8.19%	+1.93%
Volatility (1Y) Calculated over the trailing 1-year period	12.89%	10.59%	+2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.12%	15.21%	+1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.69%	14.92%	+1.77%

DFAU vs. FLRG - Expense Ratio Comparison

DFAU has a 0.12% expense ratio, which is lower than FLRG's 0.15% 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%.

Dividends

DFAU vs. FLRG - Dividend Comparison

DFAU's dividend yield for the trailing twelve months is around 0.90%, less than FLRG's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
DFAU Dimensional US Core Equity Market ETF	0.90%	0.95%	1.10%	1.29%	1.40%	1.00%	0.13%
FLRG Fidelity U.S. Multifactor ETF	1.36%	1.42%	1.42%	1.39%	1.62%	1.36%	1.47%

Frequently Asked Questions

Can I hold both DFAU and FLRG in my portfolio?

With a correlation of 0.94, DFAU and FLRG 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, DFAU or FLRG?

DFAU has higher volatility (3.63%) compared to FLRG (2.61%). In terms of maximum drawdown, DFAU dropped -23.61% vs FLRG's -19.64%.

Which ETF is better, DFAU or FLRG?

On 5-year performance, DFAU leads with 12.66% vs 12.04% for FLRG. On fees, DFAU is cheaper at 0.12% per year. On volatility, FLRG has been the lower-risk option at 2.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFAU or FLRG?

Over the 5-year period, DFAU has performed better with a 12.66% return vs 12.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFAU or FLRG?

DFAU is cheaper with a 0.12% expense ratio, compared with 0.15% for FLRG.

Which ETF pays a higher dividend yield, DFAU or FLRG?

FLRG has the higher dividend yield at 1.36%, compared with 0.90% for DFAU.

What is the main difference between DFAU and FLRG?

They also come from different issuers: Dimensional and Fidelity. Their fees differ too: 0.12% for DFAU and 0.15% for FLRG.

Which has better risk-adjusted returns?

DFAU currently has the higher Sharpe Ratio (1.90 vs 1.77), 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.