DFETX vs. EMPTX

Last updated Jun 5, 2026

DFETX (DFA Emerging Markets II Portfolio) and EMPTX (UBS Emerging Markets Equity Opportunity Fund) are both Emerging Markets Diversified funds. Over the past 5 years, DFETX returned 10.03%/yr vs 6.60%/yr for EMPTX. A 0.80 correlation means they provide meaningful diversification when combined. DFETX charges 0.37%/yr vs 0.19%/yr for EMPTX.

Performance

DFETX vs. EMPTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA Emerging Markets II Portfolio (DFETX) and UBS Emerging Markets Equity Opportunity Fund (EMPTX). 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 DFETX having a 30.43% return and EMPTX slightly lower at 30.32%.

DFETX

• 1D: -0.66%
• 1M: 8.42%
• YTD: 30.43%
• 6M: 33.83%
• 1Y: 57.92%
• 3Y*: 25.69%
• 5Y*: 10.03%
• 10Y*: 11.54%

EMPTX

• 1D: -0.15%
• 1M: 9.50%
• YTD: 30.32%
• 6M: 34.06%
• 1Y: 66.26%
• 3Y*: 26.91%
• 5Y*: 6.60%
• 10Y*: —

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

DFETX vs. EMPTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DFETX DFA Emerging Markets II Portfolio	30.43%	33.54%	6.86%	13.11%	-16.84%	2.58%	14.08%	16.30%	-12.33%
EMPTX UBS Emerging Markets Equity Opportunity Fund	30.32%	43.82%	2.51%	8.92%	-25.38%	-9.36%	24.79%	14.98%	0.55%

Correlation

The correlation between DFETX and EMPTX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jun 5, 2018	0.80

The correlation between DFETX and EMPTX shifts across timeframes, from 0.72 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

DFETX vs. EMPTX — Risk / Return Rank

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

DFETX

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

EMPTX

EMPTX Risk / Return Rank: 94
EMPTX Sharpe Ratio Rank: 98
EMPTX Sortino Ratio Rank: 93
EMPTX Omega Ratio Rank: 93
EMPTX Calmar Ratio Rank: 93
EMPTX Martin Ratio Rank: 93

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. EMPTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA Emerging Markets II Portfolio (DFETX) and UBS Emerging Markets Equity Opportunity Fund (EMPTX). 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	EMPTX	Difference
Sharpe ratio: Return per unit of total volatility	3.60	4.00	-0.40
Sortino ratio: Return per unit of downside risk	4.59	4.80	-0.21
Omega ratio: Gain probability vs. loss probability	1.67	1.71	-0.04
Calmar ratio: Return relative to maximum drawdown	4.71	5.17	-0.45
Martin ratio: Return relative to average drawdown	18.99	20.42	-1.43
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. EMPTX - Sharpe Ratio Comparison

The current DFETX Sharpe Ratio is 3.60, which is comparable to the EMPTX Sharpe Ratio of 4.00. The chart below compares the historical Sharpe Ratios of DFETX and EMPTX, 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	EMPTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.60	4.00	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.35	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.49	-0.09

Drawdowns

DFETX vs. EMPTX - Drawdown Comparison

The maximum DFETX drawdown since its inception was -62.33%, which is greater than EMPTX's maximum drawdown of -46.03%. Use the drawdown chart below to compare losses from any high point for DFETX and EMPTX.

Drawdown Indicators

	DFETX	EMPTX	Difference
Max Drawdown Largest peak-to-trough decline	-62.33%	-46.03%	-16.30%
Max Drawdown (1Y) Largest decline over 1 year	-12.84%	-14.50%	+1.66%
Max Drawdown (3Y) Largest decline over 3 years	-16.13%	-15.50%	-0.63%
Max Drawdown (5Y) Largest decline over 5 years	-31.80%	-41.46%	+9.66%
Max Drawdown (10Y) Largest decline over 10 years	-40.20%	—	—
Current Drawdown Current decline from peak	-0.66%	-0.15%	-0.51%
Average Drawdown Average peak-to-trough decline	-15.67%	-18.36%	+2.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	3.54%	-0.37%

Volatility

DFETX vs. EMPTX - Volatility Comparison

DFA Emerging Markets II Portfolio (DFETX) and UBS Emerging Markets Equity Opportunity Fund (EMPTX) have volatilities of 7.65% and 7.65%, 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

	DFETX	EMPTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.65%	7.65%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	14.74%	16.05%	-1.31%
Volatility (1Y) Calculated over the trailing 1-year period	16.80%	18.72%	-1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.80%	19.28%	-3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.62%	19.36%	-2.74%

DFETX vs. EMPTX - Expense Ratio Comparison

DFETX has a 0.37% expense ratio, which is higher than EMPTX's 0.19% expense ratio.

Dividends

DFETX vs. EMPTX - Dividend Comparison

DFETX's dividend yield for the trailing twelve months is around 6.32%, more than EMPTX's 1.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFETX DFA Emerging Markets II Portfolio	6.32%	8.24%	3.50%	3.84%	9.30%	19.29%	11.79%	12.48%	8.49%	1.93%	2.40%	3.40%
EMPTX UBS Emerging Markets Equity Opportunity Fund	1.47%	1.91%	3.40%	3.20%	3.84%	11.93%	1.50%	2.75%	0.54%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DFETX and EMPTX in my portfolio?

DFETX and EMPTX have a correlation of 0.72, 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 EMPTX?

EMPTX has higher volatility (7.65%) compared to DFETX (7.65%). In terms of maximum drawdown, DFETX dropped -62.33% vs EMPTX's -46.03%.

Which has better risk-adjusted returns?

EMPTX currently has the higher Sharpe Ratio (4.00 vs 3.60), 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.