DFETX vs. DFEMX
DFETX (DFA Emerging Markets II Portfolio) and DFEMX (DFA Emerging Markets Portfolio) are both Emerging Markets Equities funds from Dimensional. Over the past 10 years, DFETX returned 9.67%/yr vs 9.57%/yr for DFEMX. Their 1.00 correlation means they have historically moved very closely together. DFETX charges 0.37%/yr vs 0.36%/yr for DFEMX.
Performance
DFETX vs. DFEMX - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with DFETX at 19.35% and DFEMX at 19.35%. Both investments have delivered pretty close results over the past 10 years, with DFETX having a 9.67% annualized return and DFEMX not far behind at 9.57%.
DFETX
- 1D
- 1.94%
- 1M
- -2.12%
- 6M
- 10.61%
- YTD
- 19.35%
- 1Y
- 38.13%
- 3Y*
- 19.55%
- 5Y*
- 9.62%
- 10Y*
- 9.67%
- ALL TIME*
- 7.48%
DFEMX
- 1D
- 1.94%
- 1M
- -2.13%
- 6M
- 10.62%
- YTD
- 19.35%
- 1Y
- 38.16%
- 3Y*
- 19.55%
- 5Y*
- 9.60%
- 10Y*
- 9.57%
- ALL TIME*
- 7.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DFETX vs. DFEMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFETX DFA Emerging Markets II Portfolio | 19.35% | 33.54% | 6.86% | 13.11% | -16.84% | 2.58% | 14.08% | 16.30% | -13.47% | 36.75% |
DFEMX DFA Emerging Markets Portfolio | 19.35% | 33.57% | 6.90% | 13.08% | -16.91% | 2.53% | 13.89% | 16.02% | -13.62% | 36.57% |
Correlation
The correlation between DFETX and DFEMX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 1997 | 1.00 |
The correlation between DFETX and DFEMX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
DFETX vs. DFEMX — Risk / Return Rank
DFETX
DFEMX
DFETX vs. DFEMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Emerging Markets II Portfolio (DFETX) and DFA Emerging Markets Portfolio (DFEMX). 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.
| DFETX | DFEMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.32 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.58 | -0.01 |
| Martin ratioReturn relative to average drawdown | 8.49 | 8.49 | 0.00 |
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Drawdowns
DFETX vs. DFEMX - Drawdown Comparison
The maximum DFETX drawdown since its inception was -62.33%, roughly equal to the maximum DFEMX drawdown of -62.43%. Use the drawdown chart below to compare losses from any high point for DFETX and DFEMX.
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Drawdown Indicators
| DFETX | DFEMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.33% | -62.43% | +0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -14.30% | -14.29% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -16.13% | -16.12% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -29.48% | -29.53% | +0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -40.20% | -40.44% | +0.24% |
Current DrawdownCurrent decline from peak | -9.44% | -9.43% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -15.62% | -15.29% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.31% | 4.32% | -0.01% |
Volatility
DFETX vs. DFEMX - Volatility Comparison
DFA Emerging Markets II Portfolio (DFETX) and DFA Emerging Markets Portfolio (DFEMX) have volatilities of 9.36% and 9.32%, 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
| DFETX | DFEMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.36% | 9.32% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 20.43% | 20.43% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.90% | 21.90% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 16.82% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 17.02% | +0.05% |
DFETX vs. DFEMX - Expense Ratio Comparison
DFETX has a 0.37% expense ratio, which is higher than DFEMX's 0.36% expense ratio.
Dividends
DFETX vs. DFEMX - Dividend Comparison
DFETX's dividend yield for the trailing twelve months is around 6.90%, more than DFEMX's 2.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFEMX DFA Emerging Markets Portfolio | 2.05% | 2.55% | 3.14% | 3.34% | 3.90% | 6.13% | 1.45% | 2.33% | 2.14% | 1.74% | 1.92% | 2.08% |
DFETX DFA Emerging Markets II Portfolio | 6.90% | 8.24% | 3.50% | 3.84% | 9.30% | 19.29% | 11.79% | 12.48% | 8.49% | 1.93% | 2.40% | 3.40% |
Frequently Asked Questions
With a correlation of 1.00, DFETX and DFEMX 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.
DFETX has higher volatility (9.36%) compared to DFEMX (9.32%). In terms of maximum drawdown, DFETX dropped -62.33% vs DFEMX's -62.43%.
DFEMX currently has the higher Sharpe Ratio (1.68 vs 1.68), 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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