DFCEX vs. EEM
Compare and contrast key facts about DFA Emerging Markets Core Equity Fund (DFCEX) and iShares MSCI Emerging Markets ETF (EEM).
DFCEX is managed by Dimensional Fund Advisors LP. It was launched on Apr 4, 2005. EEM is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Index. It was launched on Apr 11, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFCEX or EEM.
Key characteristics
| DFCEX | EEM | |
|---|---|---|
| YTD Return | 7.47% | 7.55% |
| 1Y Return | 12.55% | 11.02% |
| 3Y Return (Ann) | 0.78% | -3.81% |
| 5Y Return (Ann) | 5.74% | 2.21% |
| 10Y Return (Ann) | 4.56% | 2.68% |
| Sharpe Ratio | 1.13 | 0.77 |
| Sortino Ratio | 1.59 | 1.17 |
| Omega Ratio | 1.20 | 1.14 |
| Calmar Ratio | 0.99 | 0.39 |
| Martin Ratio | 5.38 | 3.77 |
| Ulcer Index | 2.62% | 3.17% |
| Daily Std Dev | 12.48% | 15.58% |
| Max Drawdown | -64.58% | -66.44% |
| Current Drawdown | -8.12% | -20.04% |
Correlation
The correlation between DFCEX and EEM is 0.91, 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
DFCEX vs. EEM - Performance Comparison
The year-to-date returns for both investments are quite close, with DFCEX having a 7.47% return and EEM slightly higher at 7.55%. Over the past 10 years, DFCEX has outperformed EEM with an annualized return of 4.56%, while EEM has yielded a comparatively lower 2.68% annualized 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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DFCEX vs. EEM - Expense Ratio Comparison
DFCEX has a 0.40% expense ratio, which is lower than EEM's 0.68% expense ratio.
Risk-Adjusted Performance
DFCEX vs. EEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Emerging Markets Core Equity Fund (DFCEX) and iShares MSCI Emerging Markets ETF (EEM). 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
DFCEX vs. EEM - Dividend Comparison
DFCEX's dividend yield for the trailing twelve months is around 3.26%, more than EEM's 2.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFCEX DFA Emerging Markets Core Equity Fund | 3.26% | 3.53% | 3.77% | 2.59% | 1.70% | 2.42% | 2.33% | 1.92% | 1.99% | 2.28% | 2.04% | 2.03% |
EEM iShares MSCI Emerging Markets ETF | 2.42% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% | 2.23% | 2.06% |
Drawdowns
DFCEX vs. EEM - Drawdown Comparison
The maximum DFCEX drawdown since its inception was -64.58%, roughly equal to the maximum EEM drawdown of -66.44%. Use the drawdown chart below to compare losses from any high point for DFCEX and EEM. For additional features, visit the drawdowns tool.
Volatility
DFCEX vs. EEM - Volatility Comparison
The current volatility for DFA Emerging Markets Core Equity Fund (DFCEX) is 3.58%, while iShares MSCI Emerging Markets ETF (EEM) has a volatility of 4.77%. This indicates that DFCEX experiences smaller price fluctuations and is considered to be less risky than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.