DFAX vs. MGK
Compare and contrast key facts about Dimensional World ex US Core Equity 2 ETF (DFAX) and Vanguard Mega Cap Growth ETF (MGK).
DFAX and MGK 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. MGK is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Growth Index. It was launched on Dec 17, 2007. Both DFAX and MGK 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 MGK.
Key characteristics
| DFAX | MGK | |
|---|---|---|
| YTD Return | 8.29% | 31.38% |
| 1Y Return | 19.63% | 43.56% |
| 3Y Return (Ann) | 2.10% | 10.17% |
| Sharpe Ratio | 1.50 | 2.44 |
| Sortino Ratio | 2.11 | 3.15 |
| Omega Ratio | 1.26 | 1.44 |
| Calmar Ratio | 1.60 | 3.13 |
| Martin Ratio | 8.76 | 11.91 |
| Ulcer Index | 2.21% | 3.56% |
| Daily Std Dev | 12.88% | 17.37% |
| Max Drawdown | -28.15% | -48.36% |
| Current Drawdown | -4.81% | 0.00% |
Correlation
The correlation between DFAX and MGK is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DFAX vs. MGK - Performance Comparison
In the year-to-date period, DFAX achieves a 8.29% return, which is significantly lower than MGK's 31.38% 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. MGK - Expense Ratio Comparison
DFAX has a 0.30% expense ratio, which is higher than MGK's 0.07% expense ratio.
Risk-Adjusted Performance
DFAX vs. MGK - 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 Vanguard Mega Cap Growth ETF (MGK). 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. MGK - Dividend Comparison
DFAX's dividend yield for the trailing twelve months is around 2.63%, more than MGK's 0.42% 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% |
MGK Vanguard Mega Cap Growth ETF | 0.42% | 0.50% | 0.70% | 0.41% | 0.65% | 0.85% | 1.12% | 1.23% | 1.53% | 1.43% | 1.25% | 1.29% |
Drawdowns
DFAX vs. MGK - Drawdown Comparison
The maximum DFAX drawdown since its inception was -28.15%, smaller than the maximum MGK drawdown of -48.36%. Use the drawdown chart below to compare losses from any high point for DFAX and MGK. For additional features, visit the drawdowns tool.
Volatility
DFAX vs. MGK - Volatility Comparison
The current volatility for Dimensional World ex US Core Equity 2 ETF (DFAX) is 4.08%, while Vanguard Mega Cap Growth ETF (MGK) has a volatility of 5.27%. This indicates that DFAX experiences smaller price fluctuations and is considered to be less risky than MGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.