DFETX vs. DFSVX

Last updated Jun 4, 2026

DFETX (DFA Emerging Markets II Portfolio) and DFSVX (DFA U.S. Small Cap Value Portfolio I) are both mutual funds - DFETX is a Emerging Markets Diversified fund managed by Dimensional, while DFSVX is a Small Cap Value Equities fund managed by Dimensional. Over the past 10 years, DFETX returned 11.62%/yr vs 11.50%/yr for DFSVX. A 0.59 correlation means they provide meaningful diversification when combined. DFETX charges 0.37%/yr vs 0.30%/yr for DFSVX.

Performance

DFETX vs. DFSVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA Emerging Markets II Portfolio (DFETX) and DFA U.S. Small Cap Value Portfolio I (DFSVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFETX achieves a 31.29% return, which is significantly higher than DFSVX's 16.32% return. Both investments have delivered pretty close results over the past 10 years, with DFETX having a 11.62% annualized return and DFSVX not far behind at 11.50%.

DFETX

• 1D: 1.01%
• 1M: 10.68%
• YTD: 31.29%
• 6M: 34.72%
• 1Y: 60.68%
• 3Y*: 25.96%
• 5Y*: 10.33%
• 10Y*: 11.62%

DFSVX

• 1D: 0.96%
• 1M: 2.50%
• YTD: 16.32%
• 6M: 15.74%
• 1Y: 34.94%
• 3Y*: 18.16%
• 5Y*: 10.22%
• 10Y*: 11.50%

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

DFETX vs. DFSVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFETX DFA Emerging Markets II Portfolio	31.29%	33.54%	6.86%	13.11%	-16.84%	2.58%	14.08%	16.30%	-13.47%	36.75%
DFSVX DFA U.S. Small Cap Value Portfolio I	16.32%	8.37%	9.58%	19.02%	-3.57%	39.97%	2.24%	18.15%	-15.13%	6.82%

Correlation

The correlation between DFETX and DFSVX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Aug 15, 1997	0.59

The correlation between DFETX and DFSVX shifts across timeframes, from 0.41 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DFETX vs. DFSVX — Risk / Return Rank

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

DFETX

DFETX Risk / Return Rank: 93
DFETX Sharpe Ratio Rank: 97
DFETX Sortino Ratio Rank: 93
DFETX Omega Ratio Rank: 92
DFETX Calmar Ratio Rank: 91
DFETX Martin Ratio Rank: 92

DFSVX

DFSVX Risk / Return Rank: 61
DFSVX Sharpe Ratio Rank: 53
DFSVX Sortino Ratio Rank: 54
DFSVX Omega Ratio Rank: 48
DFSVX Calmar Ratio Rank: 84
DFSVX Martin Ratio Rank: 64

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.

DFETX vs. DFSVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA Emerging Markets II Portfolio (DFETX) and DFA U.S. Small Cap Value Portfolio I (DFSVX). 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.

	DFETX	DFSVX	Difference
Sharpe ratio: Return per unit of total volatility	3.68	2.15	+1.53
Sortino ratio: Return per unit of downside risk	4.67	3.11	+1.56
Omega ratio: Gain probability vs. loss probability	1.69	1.38	+0.31
Calmar ratio: Return relative to maximum drawdown	4.81	3.93	+0.89
Martin ratio: Return relative to average drawdown	19.38	12.54	+6.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFETX vs. DFSVX - Sharpe Ratio Comparison

The current DFETX Sharpe Ratio is 3.68, which is higher than the DFSVX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of DFETX and DFSVX, 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

	DFETX	DFSVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.68	2.15	+1.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.48	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.48	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.53	-0.12

Drawdowns

DFETX vs. DFSVX - Drawdown Comparison

The maximum DFETX drawdown since its inception was -62.33%, smaller than the maximum DFSVX drawdown of -66.70%. Use the drawdown chart below to compare losses from any high point for DFETX and DFSVX.

Drawdown Indicators

	DFETX	DFSVX	Difference
Max Drawdown Largest peak-to-trough decline	-62.33%	-66.70%	+4.37%
Max Drawdown (1Y) Largest decline over 1 year	-12.84%	-9.59%	-3.25%
Max Drawdown (3Y) Largest decline over 3 years	-16.13%	-27.69%	+11.56%
Max Drawdown (5Y) Largest decline over 5 years	-31.80%	-27.69%	-4.11%
Max Drawdown (10Y) Largest decline over 10 years	-40.20%	-52.12%	+11.92%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-15.67%	-9.47%	-6.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	2.99%	+0.18%

Volatility

DFETX vs. DFSVX - Volatility Comparison

DFA Emerging Markets II Portfolio (DFETX) has a higher volatility of 7.58% compared to DFA U.S. Small Cap Value Portfolio I (DFSVX) at 4.26%. This indicates that DFETX's price experiences larger fluctuations and is considered to be riskier than DFSVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFETX	DFSVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.58%	4.26%	+3.32%
Volatility (6M) Calculated over the trailing 6-month period	14.71%	11.34%	+3.37%
Volatility (1Y) Calculated over the trailing 1-year period	16.78%	17.53%	-0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.80%	21.49%	-5.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.62%	23.90%	-7.28%

DFETX vs. DFSVX - Expense Ratio Comparison

DFETX has a 0.37% expense ratio, which is higher than DFSVX's 0.30% expense ratio.

Dividends

DFETX vs. DFSVX - Dividend Comparison

DFETX's dividend yield for the trailing twelve months is around 6.27%, more than DFSVX's 1.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFETX DFA Emerging Markets II Portfolio	6.27%	8.24%	3.50%	3.84%	9.30%	19.29%	11.79%	12.48%	8.49%	1.93%	2.40%	3.40%
DFSVX DFA U.S. Small Cap Value Portfolio I	1.50%	1.69%	1.47%	3.67%	6.77%	10.40%	1.96%	2.83%	7.54%	5.18%	4.18%	5.29%

Frequently Asked Questions

Can I hold both DFETX and DFSVX in my portfolio?

DFETX and DFSVX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFETX or DFSVX?

DFETX has higher volatility (7.58%) compared to DFSVX (4.26%). In terms of maximum drawdown, DFETX dropped -62.33% vs DFSVX's -66.70%.

Which has better risk-adjusted returns?

DFETX currently has the higher Sharpe Ratio (3.68 vs 2.15), 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.