DFCEX vs. NEWFX
Compare and contrast key facts about DFA Emerging Markets Core Equity Fund (DFCEX) and American Funds New World Fund (NEWFX).
DFCEX is managed by Dimensional Fund Advisors LP. It was launched on Apr 4, 2005. NEWFX is managed by American Funds. It was launched on Jun 16, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFCEX or NEWFX.
Key characteristics
| DFCEX | NEWFX | |
|---|---|---|
| YTD Return | 7.15% | 6.77% |
| 1Y Return | 12.74% | 12.53% |
| 3Y Return (Ann) | 0.62% | -2.62% |
| 5Y Return (Ann) | 5.67% | 5.58% |
| 10Y Return (Ann) | 4.49% | 5.86% |
| Sharpe Ratio | 0.98 | 1.09 |
| Sortino Ratio | 1.40 | 1.57 |
| Omega Ratio | 1.18 | 1.20 |
| Calmar Ratio | 0.86 | 0.63 |
| Martin Ratio | 4.58 | 5.44 |
| Ulcer Index | 2.67% | 2.27% |
| Daily Std Dev | 12.42% | 11.33% |
| Max Drawdown | -64.58% | -56.09% |
| Current Drawdown | -8.39% | -9.36% |
Correlation
The correlation between DFCEX and NEWFX is 0.90, 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. NEWFX - Performance Comparison
In the year-to-date period, DFCEX achieves a 7.15% return, which is significantly higher than NEWFX's 6.77% return. Over the past 10 years, DFCEX has underperformed NEWFX with an annualized return of 4.49%, while NEWFX has yielded a comparatively higher 5.86% 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. NEWFX - Expense Ratio Comparison
DFCEX has a 0.40% expense ratio, which is lower than NEWFX's 0.96% expense ratio.
Risk-Adjusted Performance
DFCEX vs. NEWFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Emerging Markets Core Equity Fund (DFCEX) and American Funds New World Fund (NEWFX). 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. NEWFX - Dividend Comparison
DFCEX's dividend yield for the trailing twelve months is around 3.27%, more than NEWFX's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFCEX DFA Emerging Markets Core Equity Fund | 3.27% | 3.53% | 3.77% | 2.59% | 1.70% | 2.42% | 2.33% | 1.92% | 1.99% | 2.28% | 2.04% | 2.03% |
NEWFX American Funds New World Fund | 1.16% | 1.24% | 0.89% | 0.43% | 0.10% | 1.04% | 1.02% | 0.94% | 0.92% | 0.60% | 6.75% | 2.97% |
Drawdowns
DFCEX vs. NEWFX - Drawdown Comparison
The maximum DFCEX drawdown since its inception was -64.58%, which is greater than NEWFX's maximum drawdown of -56.09%. Use the drawdown chart below to compare losses from any high point for DFCEX and NEWFX. For additional features, visit the drawdowns tool.
Volatility
DFCEX vs. NEWFX - Volatility Comparison
DFA Emerging Markets Core Equity Fund (DFCEX) has a higher volatility of 3.57% compared to American Funds New World Fund (NEWFX) at 3.19%. This indicates that DFCEX's price experiences larger fluctuations and is considered to be riskier than NEWFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.