DFAW vs. JUESX

Last updated Jun 4, 2026

DFAW (Dimensional World Equity ETF) and JUESX (JPMorgan US Equity Fund Class I) are both funds - DFAW is a Global Equities fund actively managed by Dimensional, while JUESX is a Large Cap Blend Equities fund managed by JPMorgan. Over the past year, DFAW returned 30.13% vs 21.05% for JUESX. Their correlation of 0.89 suggests significant overlap in exposure. DFAW charges 0.25%/yr vs 0.69%/yr for JUESX.

Performance

DFAW vs. JUESX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional World Equity ETF (DFAW) and JPMorgan US Equity Fund Class I (JUESX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFAW achieves a 12.61% return, which is significantly higher than JUESX's 6.36% return.

DFAW

• 1D: -0.70%
• 1M: 4.36%
• YTD: 12.61%
• 6M: 13.91%
• 1Y: 30.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JUESX

• 1D: 0.04%
• 1M: 4.16%
• YTD: 6.36%
• 6M: 5.77%
• 1Y: 21.05%
• 3Y*: 21.54%
• 5Y*: 13.66%
• 10Y*: 15.78%

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

DFAW vs. JUESX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DFAW Dimensional World Equity ETF	12.61%	20.62%	15.49%	11.57%
JUESX JPMorgan US Equity Fund Class I	6.36%	14.39%	31.07%	12.20%

Correlation

The correlation between DFAW and JUESX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	0.89

The correlation between DFAW and JUESX has been stable across timeframes, ranging from 0.89 to 0.89 - a consistent structural relationship.

Return for Risk

DFAW vs. JUESX — Risk / Return Rank

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

DFAW

DFAW Risk / Return Rank: 74
DFAW Sharpe Ratio Rank: 76
DFAW Sortino Ratio Rank: 76
DFAW Omega Ratio Rank: 75
DFAW Calmar Ratio Rank: 67
DFAW Martin Ratio Rank: 77

JUESX

JUESX Risk / Return Rank: 34
JUESX Sharpe Ratio Rank: 38
JUESX Sortino Ratio Rank: 36
JUESX Omega Ratio Rank: 38
JUESX Calmar Ratio Rank: 25
JUESX Martin Ratio Rank: 32

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.

DFAW vs. JUESX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional World Equity ETF (DFAW) and JPMorgan US Equity Fund Class I (JUESX). 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.

	DFAW	JUESX	Difference
Sharpe ratio: Return per unit of total volatility	2.52	1.80	+0.72
Sortino ratio: Return per unit of downside risk	3.49	2.49	+1.00
Omega ratio: Gain probability vs. loss probability	1.46	1.33	+0.13
Calmar ratio: Return relative to maximum drawdown	3.41	1.83	+1.57
Martin ratio: Return relative to average drawdown	15.09	7.35	+7.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFAW vs. JUESX - Sharpe Ratio Comparison

The current DFAW Sharpe Ratio is 2.52, which is higher than the JUESX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of DFAW and JUESX, 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

	DFAW	JUESX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	1.80	+0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.79	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.62	0.41	+1.21

Drawdowns

DFAW vs. JUESX - Drawdown Comparison

The maximum DFAW drawdown since its inception was -16.93%, smaller than the maximum JUESX drawdown of -58.74%. Use the drawdown chart below to compare losses from any high point for DFAW and JUESX.

Drawdown Indicators

	DFAW	JUESX	Difference
Max Drawdown Largest peak-to-trough decline	-16.93%	-58.74%	+41.81%
Max Drawdown (1Y) Largest decline over 1 year	-8.88%	-11.99%	+3.11%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.16%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.69%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.41%	—
Current Drawdown Current decline from peak	-0.70%	0.00%	-0.70%
Average Drawdown Average peak-to-trough decline	-1.70%	-12.07%	+10.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	2.98%	-0.98%

Volatility

DFAW vs. JUESX - Volatility Comparison

Dimensional World Equity ETF (DFAW) and JPMorgan US Equity Fund Class I (JUESX) have volatilities of 3.35% and 3.21%, 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

	DFAW	JUESX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.35%	3.21%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	9.39%	9.43%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	12.03%	12.24%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.46%	17.43%	-2.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.46%	18.57%	-4.11%

DFAW vs. JUESX - Expense Ratio Comparison

DFAW has a 0.25% expense ratio, which is lower than JUESX's 0.69% expense ratio.

Dividends

DFAW vs. JUESX - Dividend Comparison

DFAW's dividend yield for the trailing twelve months is around 1.55%, less than JUESX's 5.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFAW Dimensional World Equity ETF	1.55%	1.71%	1.47%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JUESX JPMorgan US Equity Fund Class I	5.39%	5.73%	11.92%	1.94%	4.97%	10.64%	6.38%	9.92%	14.45%	8.60%	4.64%	5.94%

Frequently Asked Questions

Can I hold both DFAW and JUESX in my portfolio?

DFAW and JUESX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFAW or JUESX?

DFAW has higher volatility (3.35%) compared to JUESX (3.21%). In terms of maximum drawdown, DFAW dropped -16.93% vs JUESX's -58.74%.

Which has better risk-adjusted returns?

DFAW currently has the higher Sharpe Ratio (2.52 vs 1.80), 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.