DFAX vs. OTCAX
Compare and contrast key facts about Dimensional World ex US Core Equity 2 ETF (DFAX) and MFS Mid Cap Growth Fund (OTCAX).
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. OTCAX is managed by MFS. It was launched on Dec 1, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFAX or OTCAX.
Key characteristics
| DFAX | OTCAX | |
|---|---|---|
| YTD Return | 6.16% | 17.65% |
| 1Y Return | 16.29% | 29.36% |
| 3Y Return (Ann) | 1.35% | -1.14% |
| Sharpe Ratio | 1.27 | 2.02 |
| Sortino Ratio | 1.80 | 2.77 |
| Omega Ratio | 1.22 | 1.36 |
| Calmar Ratio | 1.45 | 1.14 |
| Martin Ratio | 7.26 | 10.58 |
| Ulcer Index | 2.27% | 2.81% |
| Daily Std Dev | 13.00% | 14.69% |
| Max Drawdown | -28.15% | -73.07% |
| Current Drawdown | -6.68% | -4.46% |
Correlation
The correlation between DFAX and OTCAX is 0.73, 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. OTCAX - Performance Comparison
In the year-to-date period, DFAX achieves a 6.16% return, which is significantly lower than OTCAX's 17.65% 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. OTCAX - Expense Ratio Comparison
DFAX has a 0.30% expense ratio, which is lower than OTCAX's 1.00% expense ratio.
Risk-Adjusted Performance
DFAX vs. OTCAX - 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 MFS Mid Cap Growth Fund (OTCAX). 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. OTCAX - Dividend Comparison
DFAX's dividend yield for the trailing twelve months is around 2.69%, while OTCAX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DFAX Dimensional World ex US Core Equity 2 ETF | 2.69% | 3.01% | 3.30% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OTCAX MFS Mid Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 7.09% |
Drawdowns
DFAX vs. OTCAX - Drawdown Comparison
The maximum DFAX drawdown since its inception was -28.15%, smaller than the maximum OTCAX drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for DFAX and OTCAX. For additional features, visit the drawdowns tool.
Volatility
DFAX vs. OTCAX - Volatility Comparison
Dimensional World ex US Core Equity 2 ETF (DFAX) and MFS Mid Cap Growth Fund (OTCAX) have volatilities of 4.32% and 4.31%, 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.