DFAX vs. IWO
Compare and contrast key facts about Dimensional World ex US Core Equity 2 ETF (DFAX) and iShares Russell 2000 Growth ETF (IWO).
DFAX and IWO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFAX is a passively managed fund by Dimensional Fund Advisors LP that tracks the performance of the MSCI All Country World ex USA Index. It was launched on Mar 6, 2008. IWO is a passively managed fund by iShares that tracks the performance of the Russell 2000 Growth Index. It was launched on Jul 24, 2000. Both DFAX and IWO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFAX or IWO.
Key characteristics
| DFAX | IWO | |
|---|---|---|
| YTD Return | 8.29% | 23.36% |
| 1Y Return | 19.63% | 48.57% |
| 3Y Return (Ann) | 2.10% | -0.99% |
| Sharpe Ratio | 1.50 | 2.12 |
| Sortino Ratio | 2.11 | 2.94 |
| Omega Ratio | 1.26 | 1.36 |
| Calmar Ratio | 1.60 | 1.26 |
| Martin Ratio | 8.76 | 11.52 |
| Ulcer Index | 2.21% | 4.02% |
| Daily Std Dev | 12.88% | 21.81% |
| Max Drawdown | -28.15% | -60.10% |
| Current Drawdown | -4.81% | -5.85% |
Correlation
The correlation between DFAX and IWO is 0.74, 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
DFAX vs. IWO - Performance Comparison
In the year-to-date period, DFAX achieves a 8.29% return, which is significantly lower than IWO's 23.36% 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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DFAX vs. IWO - Expense Ratio Comparison
DFAX has a 0.30% expense ratio, which is higher than IWO's 0.24% expense ratio.
Risk-Adjusted Performance
DFAX vs. IWO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional World ex US Core Equity 2 ETF (DFAX) and iShares Russell 2000 Growth ETF (IWO). 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
DFAX vs. IWO - Dividend Comparison
DFAX's dividend yield for the trailing twelve months is around 2.63%, more than IWO's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFAX Dimensional World ex US Core Equity 2 ETF | 2.63% | 3.01% | 3.30% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWO iShares Russell 2000 Growth ETF | 0.59% | 0.73% | 0.75% | 0.32% | 0.44% | 0.71% | 0.76% | 0.73% | 0.97% | 0.89% | 0.73% | 0.72% |
Drawdowns
DFAX vs. IWO - Drawdown Comparison
The maximum DFAX drawdown since its inception was -28.15%, smaller than the maximum IWO drawdown of -60.10%. Use the drawdown chart below to compare losses from any high point for DFAX and IWO. For additional features, visit the drawdowns tool.
Volatility
DFAX vs. IWO - Volatility Comparison
The current volatility for Dimensional World ex US Core Equity 2 ETF (DFAX) is 4.08%, while iShares Russell 2000 Growth ETF (IWO) has a volatility of 6.89%. This indicates that DFAX experiences smaller price fluctuations and is considered to be less risky than IWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.