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 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 CRSP US Mega 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.
Performance
DFAX vs. MGK - Performance Comparison
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DFAX vs. MGK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DFAX Dimensional World ex US Core Equity 2 ETF | 5.34% | 35.42% | 4.78% | 16.66% | -14.48% | -2.68% |
MGK Vanguard Mega Cap Growth ETF | -9.86% | 20.67% | 32.94% | 51.67% | -33.59% | 6.15% |
Returns By Period
In the year-to-date period, DFAX achieves a 5.34% return, which is significantly higher than MGK's -9.86% return.
DFAX
- 1D
- 1.32%
- 1M
- -5.38%
- YTD
- 5.34%
- 6M
- 10.06%
- 1Y
- 34.45%
- 3Y*
- 17.69%
- 5Y*
- —
- 10Y*
- —
MGK
- 1D
- 1.17%
- 1M
- -4.13%
- YTD
- -9.86%
- 6M
- -7.94%
- 1Y
- 19.83%
- 3Y*
- 22.59%
- 5Y*
- 12.64%
- 10Y*
- 16.97%
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DFAX vs. MGK - Expense Ratio Comparison
DFAX has a 0.30% expense ratio, which is higher than MGK's 0.05% expense ratio.
Return for Risk
DFAX vs. MGK — Risk / Return Rank
DFAX
MGK
DFAX vs. MGK - Risk-Adjusted Trends 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.
| DFAX | MGK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.05 | 0.85 | +1.20 |
Sortino ratioReturn per unit of downside risk | 2.70 | 1.39 | +1.31 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.19 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 3.10 | 1.23 | +1.86 |
Martin ratioReturn relative to average drawdown | 12.07 | 4.27 | +7.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DFAX | MGK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 0.85 | +1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.56 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.60 | -0.06 |
Correlation
The correlation between DFAX and MGK is 0.65, 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.
Dividends
DFAX vs. MGK - Dividend Comparison
DFAX's dividend yield for the trailing twelve months is around 2.43%, more than MGK's 0.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFAX Dimensional World ex US Core Equity 2 ETF | 2.43% | 2.58% | 2.98% | 3.01% | 3.30% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MGK Vanguard Mega Cap Growth ETF | 0.39% | 0.35% | 0.43% | 0.50% | 0.70% | 0.41% | 0.65% | 0.85% | 1.12% | 1.23% | 1.53% | 1.43% |
Drawdowns
DFAX vs. MGK - Drawdown Comparison
The maximum DFAX drawdown since its inception was -28.15%, smaller than the maximum MGK drawdown of -47.97%. Use the drawdown chart below to compare losses from any high point for DFAX and MGK.
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Drawdown Indicators
| DFAX | MGK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.15% | -47.97% | +19.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.31% | -16.85% | +5.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.01% | — |
Current DrawdownCurrent decline from peak | -7.06% | -12.56% | +5.50% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -7.51% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 4.87% | -1.97% |
Volatility
DFAX vs. MGK - Volatility Comparison
Dimensional World ex US Core Equity 2 ETF (DFAX) and Vanguard Mega Cap Growth ETF (MGK) have volatilities of 7.40% and 7.13%, 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.
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Volatility by Period
| DFAX | MGK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 7.13% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 11.34% | 12.93% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.87% | 23.35% | -6.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.86% | 22.63% | -6.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.86% | 21.82% | -5.96% |