DFELX vs. DFLVX
DFELX (DFA Enhanced U.S. Large Company Portfolio) and DFLVX (DFA U.S. Large Cap Value Portfolio) are both mutual funds - DFELX is a Large Cap Blend Equities fund managed by Dimensional, while DFLVX is a Large Cap Value Equities fund managed by Dimensional. Over the past 10 years, DFELX returned 10.53%/yr vs 11.94%/yr for DFLVX. Their correlation of 0.86 suggests significant overlap in exposure. DFELX charges 0.15%/yr vs 0.22%/yr for DFLVX.
Performance
DFELX vs. DFLVX - Performance Comparison
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Returns By Period
In the year-to-date period, DFELX achieves a 11.60% return, which is significantly lower than DFLVX's 16.01% return. Over the past 10 years, DFELX has underperformed DFLVX with an annualized return of 10.53%, while DFLVX has yielded a comparatively higher 11.94% annualized return.
DFELX
- 1D
- 0.18%
- 1M
- 5.94%
- YTD
- 11.60%
- 6M
- 11.42%
- 1Y
- 27.50%
- 3Y*
- 22.08%
- 5Y*
- 4.69%
- 10Y*
- 10.53%
DFLVX
- 1D
- 1.10%
- 1M
- 5.70%
- YTD
- 16.01%
- 6M
- 17.69%
- 1Y
- 33.76%
- 3Y*
- 19.38%
- 5Y*
- 11.03%
- 10Y*
- 11.94%
DFELX vs. DFLVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFELX DFA Enhanced U.S. Large Company Portfolio | 11.60% | 16.16% | 24.57% | 26.57% | -22.41% | -10.98% | 18.48% | 32.76% | -5.48% | 20.57% |
DFLVX DFA U.S. Large Cap Value Portfolio | 16.01% | 16.36% | 12.76% | 11.52% | -5.81% | 30.40% | -0.58% | 25.46% | -11.68% | 18.50% |
Correlation
The correlation between DFELX and DFLVX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 1996 | 0.86 |
Over the past year, the correlation between DFELX and DFLVX has dropped to 0.61 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
DFELX vs. DFLVX — Risk / Return Rank
DFELX
DFLVX
DFELX vs. DFLVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Enhanced U.S. Large Company Portfolio (DFELX) and DFA U.S. Large Cap Value Portfolio (DFLVX). 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.
| DFELX | DFLVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.56 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 6.02 | -2.57 |
| Martin ratioReturn relative to average drawdown | 15.46 | 22.08 | -6.62 |
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
| DFELX | DFLVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 3.20 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.70 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.65 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.53 | -0.10 |
Drawdowns
DFELX vs. DFLVX - Drawdown Comparison
The maximum DFELX drawdown since its inception was -55.54%, smaller than the maximum DFLVX drawdown of -65.65%. Use the drawdown chart below to compare losses from any high point for DFELX and DFLVX.
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Drawdown Indicators
| DFELX | DFLVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.54% | -65.65% | +10.11% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -5.86% | -3.23% |
Max Drawdown (3Y)Largest decline over 3 years | -19.27% | -16.64% | -2.63% |
Max Drawdown (5Y)Largest decline over 5 years | -49.14% | -19.83% | -29.31% |
Max Drawdown (10Y)Largest decline over 10 years | -49.14% | -41.79% | -7.35% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -12.70% | -8.48% | -4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.59% | +0.37% |
Volatility
DFELX vs. DFLVX - Volatility Comparison
DFA Enhanced U.S. Large Company Portfolio (DFELX) and DFA U.S. Large Cap Value Portfolio (DFLVX) have volatilities of 2.86% and 2.86%, 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
| DFELX | DFLVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 2.86% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.08% | 8.21% | +0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.91% | 11.02% | +0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.76% | 15.88% | +5.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.36% | 18.38% | +1.98% |
DFELX vs. DFLVX - Expense Ratio Comparison
DFELX has a 0.15% expense ratio, which is lower than DFLVX's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DFELX vs. DFLVX - Dividend Comparison
DFELX's dividend yield for the trailing twelve months is around 15.63%, more than DFLVX's 1.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFELX DFA Enhanced U.S. Large Company Portfolio | 15.63% | 17.26% | 3.77% | 3.00% | 1.76% | 1.21% | 7.55% | 9.97% | 7.79% | 16.57% | 3.36% | 6.99% |
DFLVX DFA U.S. Large Cap Value Portfolio | 1.45% | 1.71% | 1.87% | 3.65% | 4.56% | 5.90% | 1.97% | 4.04% | 7.83% | 6.06% | 3.77% | 6.52% |
Frequently Asked Questions
DFELX and DFLVX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFLVX has higher volatility (2.86%) compared to DFELX (2.86%). In terms of maximum drawdown, DFELX dropped -55.54% vs DFLVX's -65.65%.
DFLVX currently has the higher Sharpe Ratio (3.20 vs 2.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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