DFAW vs. AVGE
Compare and contrast key facts about Dimensional World Equity ETF (DFAW) and Avantis All Equity Markets ETF (AVGE).
DFAW and AVGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFAW is an actively managed fund by Dimensional. It was launched on Sep 26, 2023. AVGE is a passively managed fund by Avantis that tracks the performance of the MSCI AC World IMI. It was launched on Sep 27, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFAW or AVGE.
Key characteristics
| DFAW | AVGE | |
|---|---|---|
| YTD Return | 18.51% | 16.87% |
| 1Y Return | 27.81% | 26.50% |
| Sharpe Ratio | 2.58 | 2.38 |
| Sortino Ratio | 3.53 | 3.28 |
| Omega Ratio | 1.48 | 1.43 |
| Calmar Ratio | 3.92 | 3.65 |
| Martin Ratio | 16.89 | 15.26 |
| Ulcer Index | 1.84% | 1.98% |
| Daily Std Dev | 12.08% | 12.65% |
| Max Drawdown | -7.94% | -11.12% |
| Current Drawdown | -0.94% | -1.27% |
Correlation
The correlation between DFAW and AVGE 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.
Performance
DFAW vs. AVGE - Performance Comparison
In the year-to-date period, DFAW achieves a 18.51% return, which is significantly higher than AVGE's 16.87% return. 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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DFAW vs. AVGE - Expense Ratio Comparison
DFAW has a 0.25% expense ratio, which is higher than AVGE's 0.23% 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
DFAW vs. AVGE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional World Equity ETF (DFAW) and Avantis All Equity Markets ETF (AVGE). 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
DFAW vs. AVGE - Dividend Comparison
DFAW's dividend yield for the trailing twelve months is around 1.32%, less than AVGE's 1.74% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
DFAW Dimensional World Equity ETF | 1.32% | 0.42% | 0.00% |
AVGE Avantis All Equity Markets ETF | 1.74% | 1.93% | 0.74% |
Drawdowns
DFAW vs. AVGE - Drawdown Comparison
The maximum DFAW drawdown since its inception was -7.94%, smaller than the maximum AVGE drawdown of -11.12%. Use the drawdown chart below to compare losses from any high point for DFAW and AVGE. For additional features, visit the drawdowns tool.
Volatility
DFAW vs. AVGE - Volatility Comparison
Dimensional World Equity ETF (DFAW) and Avantis All Equity Markets ETF (AVGE) have volatilities of 3.52% and 3.68%, 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.