DFEM vs. UEVM
DFEM (Dimensional Emerging Markets Core Equity 2 ETF) and UEVM (VictoryShares Emerging Markets Value Momentum ETF) are both exchange-traded funds - DFEM is a Emerging Markets Diversified fund actively managed by Dimensional, while UEVM is a Momentum fund tracking the Nasdaq Victory Emerging Market Value Momentum Index. DFEM is actively managed, while UEVM is passively managed. Over the past 3 years, DFEM returned 21.68%/yr vs 17.49%/yr for UEVM. Their correlation of 0.89 suggests significant overlap in exposure. DFEM charges 0.39%/yr vs 0.45%/yr for UEVM.
Performance
DFEM vs. UEVM - Performance Comparison
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Returns By Period
In the year-to-date period, DFEM achieves a 20.81% return, which is significantly higher than UEVM's 6.12% return.
DFEM
- 1D
- -5.74%
- 1M
- 0.43%
- YTD
- 20.81%
- 6M
- 21.36%
- 1Y
- 41.37%
- 3Y*
- 21.68%
- 5Y*
- —
- 10Y*
- —
UEVM
- 1D
- -2.16%
- 1M
- -0.96%
- YTD
- 6.12%
- 6M
- 5.85%
- 1Y
- 19.69%
- 3Y*
- 17.49%
- 5Y*
- 7.30%
- 10Y*
- —
DFEM vs. UEVM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DFEM Dimensional Emerging Markets Core Equity 2 ETF | 20.81% | 29.51% | 7.53% | 13.91% | -9.60% |
UEVM VictoryShares Emerging Markets Value Momentum ETF | 6.12% | 22.74% | 11.92% | 17.41% | -6.45% |
Correlation
The correlation between DFEM and UEVM is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | 0.89 |
The correlation between DFEM and UEVM has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
DFEM vs. UEVM — Risk / Return Rank
DFEM
UEVM
DFEM vs. UEVM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Markets Core Equity 2 ETF (DFEM) and VictoryShares Emerging Markets Value Momentum ETF (UEVM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DFEM | UEVM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.23 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | 2.02 | +1.41 |
| Martin ratioReturn relative to average drawdown | 12.74 | 6.57 | +6.17 |
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Drawdowns
DFEM vs. UEVM - Drawdown Comparison
The maximum DFEM drawdown since its inception was -20.82%, smaller than the maximum UEVM drawdown of -45.44%. Use the drawdown chart below to compare losses from any high point for DFEM and UEVM.
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Drawdown Indicators
| DFEM | UEVM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.82% | -45.44% | +24.62% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -9.79% | -2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -18.09% | -18.88% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.73% | — |
Current DrawdownCurrent decline from peak | -5.74% | -4.76% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -11.62% | +6.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 3.00% | +0.26% |
Volatility
DFEM vs. UEVM - Volatility Comparison
Dimensional Emerging Markets Core Equity 2 ETF (DFEM) has a higher volatility of 12.01% compared to VictoryShares Emerging Markets Value Momentum ETF (UEVM) at 6.38%. This indicates that DFEM's price experiences larger fluctuations and is considered to be riskier than UEVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFEM | UEVM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.01% | 6.38% | +5.63% |
Volatility (6M)Calculated over the trailing 6-month period | 19.31% | 13.13% | +6.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.16% | 15.84% | +5.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.94% | 16.05% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.94% | 18.42% | -0.48% |
DFEM vs. UEVM - Expense Ratio Comparison
DFEM has a 0.39% expense ratio, which is lower than UEVM's 0.45% expense ratio.
Dividends
DFEM vs. UEVM - Dividend Comparison
DFEM's dividend yield for the trailing twelve months is around 1.89%, less than UEVM's 2.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DFEM Dimensional Emerging Markets Core Equity 2 ETF | 1.89% | 2.32% | 2.50% | 2.38% | 1.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UEVM VictoryShares Emerging Markets Value Momentum ETF | 2.85% | 4.02% | 5.65% | 4.71% | 3.46% | 4.49% | 2.19% | 2.79% | 2.34% | 0.79% |
Frequently Asked Questions
DFEM and UEVM have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFEM has higher volatility (12.01%) compared to UEVM (6.38%). In terms of maximum drawdown, DFEM dropped -20.82% vs UEVM's -45.44%.
On 3-year performance, DFEM leads with 21.68% vs 17.49% for UEVM. On fees, DFEM is cheaper at 0.39% per year. On volatility, UEVM has been the lower-risk option at 6.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DFEM has performed better with a 21.68% return vs 17.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DFEM is cheaper with a 0.39% expense ratio, compared with 0.45% for UEVM.
UEVM has the higher dividend yield at 2.85%, compared with 1.89% for DFEM.
DFEM is categorized as Emerging Markets Diversified, while UEVM is Momentum. They also come from different issuers: Dimensional and Victory Capital. Their fees differ too: 0.39% for DFEM and 0.45% for UEVM.
DFEM currently has the higher Sharpe Ratio (1.97 vs 1.25), 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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