DFEM vs. DFCEX
Compare and contrast key facts about Dimensional Emerging Markets Core Equity 2 ETF (DFEM) and DFA Emerging Markets Core Equity Fund (DFCEX).
DFEM is an actively managed fund by Dimensional. It was launched on Apr 26, 2022. DFCEX is managed by Dimensional Fund Advisors LP. It was launched on Apr 4, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFEM or DFCEX.
Key characteristics
| DFEM | DFCEX | |
|---|---|---|
| YTD Return | 8.14% | 8.09% |
| 1Y Return | 14.22% | 14.55% |
| Sharpe Ratio | 1.02 | 1.19 |
| Daily Std Dev | 13.38% | 12.03% |
| Max Drawdown | -20.82% | -64.58% |
| Current Drawdown | -3.24% | -3.22% |
Correlation
The correlation between DFEM and DFCEX is 0.94, 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
DFEM vs. DFCEX - Performance Comparison
The year-to-date returns for both stocks are quite close, with DFEM having a 8.14% return and DFCEX slightly lower at 8.09%. 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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DFEM vs. DFCEX - Expense Ratio Comparison
DFEM has a 0.39% expense ratio, which is lower than DFCEX's 0.40% expense ratio.
Risk-Adjusted Performance
DFEM vs. DFCEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Markets Core Equity 2 ETF (DFEM) and DFA Emerging Markets Core Equity Fund (DFCEX). 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
DFEM vs. DFCEX - Dividend Comparison
DFEM's dividend yield for the trailing twelve months is around 2.27%, less than DFCEX's 3.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFEM Dimensional Emerging Markets Core Equity 2 ETF | 2.27% | 2.38% | 1.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DFCEX DFA Emerging Markets Core Equity Fund | 3.06% | 3.53% | 3.78% | 2.59% | 1.70% | 2.42% | 2.33% | 1.92% | 1.99% | 2.28% | 2.04% | 2.03% |
Drawdowns
DFEM vs. DFCEX - Drawdown Comparison
The maximum DFEM drawdown since its inception was -20.82%, smaller than the maximum DFCEX drawdown of -64.58%. Use the drawdown chart below to compare losses from any high point for DFEM and DFCEX. For additional features, visit the drawdowns tool.
Volatility
DFEM vs. DFCEX - Volatility Comparison
Dimensional Emerging Markets Core Equity 2 ETF (DFEM) has a higher volatility of 3.86% compared to DFA Emerging Markets Core Equity Fund (DFCEX) at 3.50%. This indicates that DFEM's price experiences larger fluctuations and is considered to be riskier than DFCEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.