DFELX vs. SPY
Compare and contrast key facts about DFA Enhanced U.S. Large Company Portfolio (DFELX) and SPDR S&P 500 ETF (SPY).
DFELX is managed by Dimensional Fund Advisors LP. It was launched on Jul 2, 1996. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFELX or SPY.
Correlation
The correlation between DFELX and SPY is 0.98, 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
DFELX vs. SPY - Performance Comparison
Key characteristics
DFELX:
1.83
SPY:
1.91
DFELX:
2.47
SPY:
2.57
DFELX:
1.34
SPY:
1.35
DFELX:
0.85
SPY:
2.88
DFELX:
11.17
SPY:
11.96
DFELX:
2.12%
SPY:
2.03%
DFELX:
12.97%
SPY:
12.68%
DFELX:
-58.50%
SPY:
-55.19%
DFELX:
-10.15%
SPY:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with DFELX having a 4.28% return and SPY slightly higher at 4.34%. Over the past 10 years, DFELX has underperformed SPY with an annualized return of 3.90%, while SPY has yielded a comparatively higher 13.21% annualized return.
DFELX
4.28%
2.30%
9.78%
23.65%
3.73%
3.90%
SPY
4.34%
2.33%
10.15%
23.99%
14.44%
13.21%
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DFELX vs. SPY - Expense Ratio Comparison
DFELX has a 0.15% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
DFELX vs. SPY — Risk-Adjusted Performance Rank
DFELX
SPY
DFELX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Enhanced U.S. Large Company Portfolio (DFELX) and SPDR S&P 500 ETF (SPY). 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
DFELX vs. SPY - Dividend Comparison
DFELX's dividend yield for the trailing twelve months is around 3.54%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFELX DFA Enhanced U.S. Large Company Portfolio | 3.54% | 3.69% | 2.99% | 1.76% | 0.82% | 0.94% | 1.66% | 2.76% | 1.65% | 0.74% | 0.26% | 0.81% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
DFELX vs. SPY - Drawdown Comparison
The maximum DFELX drawdown since its inception was -58.50%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DFELX and SPY. For additional features, visit the drawdowns tool.
Volatility
DFELX vs. SPY - Volatility Comparison
DFA Enhanced U.S. Large Company Portfolio (DFELX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.13% and 3.13%, 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.