DFEOX vs. VSMPX

Last updated Jun 3, 2026

DFEOX (DFA US Core Equity 1 Portfolio I) and VSMPX (Vanguard Total Stock Market Index Fund Institutional Plus Shares) are both Large Cap Blend Equities funds. Over the past 10 years, DFEOX returned 14.48%/yr vs 15.11%/yr for VSMPX. With a 0.98 correlation, they move nearly in lockstep. DFEOX charges 0.14%/yr vs 0.02%/yr for VSMPX.

Performance

DFEOX vs. VSMPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA US Core Equity 1 Portfolio I (DFEOX) and Vanguard Total Stock Market Index Fund Institutional Plus Shares (VSMPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with DFEOX having a 11.79% return and VSMPX slightly lower at 11.72%. Both investments have delivered pretty close results over the past 10 years, with DFEOX having a 14.48% annualized return and VSMPX not far ahead at 15.11%.

DFEOX

• 1D: 0.20%
• 1M: 3.93%
• YTD: 11.79%
• 6M: 12.48%
• 1Y: 29.16%
• 3Y*: 21.18%
• 5Y*: 12.66%
• 10Y*: 14.48%

VSMPX

• 1D: 0.25%
• 1M: 5.10%
• YTD: 11.72%
• 6M: 12.08%
• 1Y: 29.67%
• 3Y*: 22.27%
• 5Y*: 12.90%
• 10Y*: 15.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DFEOX vs. VSMPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFEOX DFA US Core Equity 1 Portfolio I	11.79%	16.00%	21.35%	22.97%	-14.99%	27.51%	16.44%	30.20%	-7.81%	20.26%
VSMPX Vanguard Total Stock Market Index Fund Institutional Plus Shares	11.72%	17.15%	23.26%	26.53%	-19.50%	25.74%	21.01%	30.79%	-5.16%	21.19%

Correlation

The correlation between DFEOX and VSMPX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.98

The correlation between DFEOX and VSMPX has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.

Return for Risk

DFEOX vs. VSMPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFEOX

DFEOX Risk / Return Rank: 78
DFEOX Sharpe Ratio Rank: 80
DFEOX Sortino Ratio Rank: 77
DFEOX Omega Ratio Rank: 70
DFEOX Calmar Ratio Rank: 77
DFEOX Martin Ratio Rank: 84

VSMPX

VSMPX Risk / Return Rank: 72
VSMPX Sharpe Ratio Rank: 73
VSMPX Sortino Ratio Rank: 65
VSMPX Omega Ratio Rank: 64
VSMPX Calmar Ratio Rank: 74
VSMPX Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFEOX vs. VSMPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA US Core Equity 1 Portfolio I (DFEOX) and Vanguard Total Stock Market Index Fund Institutional Plus Shares (VSMPX). 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.

	DFEOX	VSMPX	Difference
Sharpe ratio Return per unit of total volatility	2.62	2.49	+0.13
Sortino ratio Return per unit of downside risk	3.67	3.38	+0.29
Omega ratio Gain probability vs. loss probability	1.47	1.45	+0.02
Calmar ratio Return relative to maximum drawdown	3.51	3.38	+0.13
Martin ratio Return relative to average drawdown	15.99	15.64	+0.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFEOX vs. VSMPX - Sharpe Ratio Comparison

The current DFEOX Sharpe Ratio is 2.62, which is comparable to the VSMPX Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of DFEOX and VSMPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DFEOX	VSMPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	2.49	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.75	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.82	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.82	-0.28

Drawdowns

DFEOX vs. VSMPX - Drawdown Comparison

The maximum DFEOX drawdown since its inception was -56.77%, which is greater than VSMPX's maximum drawdown of -34.97%. Use the drawdown chart below to compare losses from any high point for DFEOX and VSMPX.

Drawdown Indicators

	DFEOX	VSMPX	Difference
Max Drawdown Largest peak-to-trough decline	-56.77%	-34.97%	-21.80%
Max Drawdown (1Y) Largest decline over 1 year	-8.28%	-8.92%	+0.64%
Max Drawdown (3Y) Largest decline over 3 years	-19.24%	-19.36%	+0.12%
Max Drawdown (5Y) Largest decline over 5 years	-22.86%	-25.35%	+2.49%
Max Drawdown (10Y) Largest decline over 10 years	-36.55%	-34.97%	-1.58%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.19%	-4.59%	-2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	1.93%	-0.11%

Volatility

DFEOX vs. VSMPX - Volatility Comparison

DFA US Core Equity 1 Portfolio I (DFEOX) and Vanguard Total Stock Market Index Fund Institutional Plus Shares (VSMPX) have volatilities of 2.87% and 2.95%, 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.

Volatility by Period

	DFEOX	VSMPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	2.95%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	8.77%	9.20%	-0.43%
Volatility (1Y) Calculated over the trailing 1-year period	11.46%	12.21%	-0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.88%	17.36%	-0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.01%	18.41%	-0.40%

DFEOX vs. VSMPX - Expense Ratio Comparison

DFEOX has a 0.14% expense ratio, which is higher than VSMPX's 0.02% 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%.

Dividends

DFEOX vs. VSMPX - Dividend Comparison

DFEOX's dividend yield for the trailing twelve months is around 0.96%, less than VSMPX's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFEOX DFA US Core Equity 1 Portfolio I	0.96%	1.06%	1.13%	1.43%	4.08%	3.69%	1.36%	3.02%	2.37%	1.61%	1.61%	2.98%
VSMPX Vanguard Total Stock Market Index Fund Institutional Plus Shares	1.02%	1.13%	1.27%	1.43%	1.67%	1.22%	1.43%	1.78%	2.05%	1.73%	1.95%	0.00%

Frequently Asked Questions

Can I hold both DFEOX and VSMPX in my portfolio?

With a correlation of 0.95, DFEOX and VSMPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DFEOX or VSMPX?

VSMPX has higher volatility (2.95%) compared to DFEOX (2.87%). In terms of maximum drawdown, DFEOX dropped -56.77% vs VSMPX's -34.97%.

Which has better risk-adjusted returns?

DFEOX currently has the higher Sharpe Ratio (2.62 vs 2.49), 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.