DFAW vs. VTWAX
Compare and contrast key facts about Dimensional World Equity ETF (DFAW) and Vanguard Total World Stock Index Fund Admiral Shares (VTWAX).
DFAW is an actively managed fund by Dimensional. It was launched on Sep 26, 2023. VTWAX is managed by Vanguard. It was launched on Feb 7, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFAW or VTWAX.
Key characteristics
| DFAW | VTWAX | |
|---|---|---|
| YTD Return | 19.62% | 19.61% |
| 1Y Return | 32.44% | 31.05% |
| Sharpe Ratio | 2.69 | 2.77 |
| Sortino Ratio | 3.67 | 3.75 |
| Omega Ratio | 1.50 | 1.51 |
| Calmar Ratio | 4.08 | 3.41 |
| Martin Ratio | 17.59 | 18.33 |
| Ulcer Index | 1.84% | 1.77% |
| Daily Std Dev | 12.08% | 11.70% |
| Max Drawdown | -7.94% | -34.20% |
| Current Drawdown | -0.01% | -0.09% |
Correlation
The correlation between DFAW and VTWAX is 0.96, 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. VTWAX - Performance Comparison
The year-to-date returns for both stocks are quite close, with DFAW having a 19.62% return and VTWAX slightly lower at 19.61%. 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. VTWAX - Expense Ratio Comparison
DFAW has a 0.25% expense ratio, which is higher than VTWAX's 0.10% 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. VTWAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional World Equity ETF (DFAW) and Vanguard Total World Stock Index Fund Admiral Shares (VTWAX). 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. VTWAX - Dividend Comparison
DFAW's dividend yield for the trailing twelve months is around 1.31%, less than VTWAX's 1.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
DFAW Dimensional World Equity ETF | 1.31% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% |
VTWAX Vanguard Total World Stock Index Fund Admiral Shares | 1.80% | 2.06% | 2.16% | 1.79% | 1.64% | 2.29% |
Drawdowns
DFAW vs. VTWAX - Drawdown Comparison
The maximum DFAW drawdown since its inception was -7.94%, smaller than the maximum VTWAX drawdown of -34.20%. Use the drawdown chart below to compare losses from any high point for DFAW and VTWAX. For additional features, visit the drawdowns tool.
Volatility
DFAW vs. VTWAX - Volatility Comparison
Dimensional World Equity ETF (DFAW) has a higher volatility of 3.53% compared to Vanguard Total World Stock Index Fund Admiral Shares (VTWAX) at 3.23%. This indicates that DFAW's price experiences larger fluctuations and is considered to be riskier than VTWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.