DFETX vs. LCSMX
DFETX (DFA Emerging Markets II Portfolio) and LCSMX (Martin Currie SMA-Shares Series EM Fund) are both Emerging Markets Equities funds. Over the past 5 years, DFETX returned 9.62%/yr vs 8.05%/yr for LCSMX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. DFETX charges 0.37%/yr vs 0.00%/yr for LCSMX.
Performance
DFETX vs. LCSMX - Performance Comparison
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Returns By Period
In the year-to-date period, DFETX achieves a 19.35% return, which is significantly lower than LCSMX's 37.97% return.
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%
LCSMX
- 1D
- 1.92%
- 1M
- -7.24%
- 6M
- 22.52%
- YTD
- 37.97%
- 1Y
- 81.78%
- 3Y*
- 22.01%
- 5Y*
- 8.05%
- 10Y*
- —
- ALL TIME*
- 10.52%
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. LCSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DFETX DFA Emerging Markets II Portfolio | 19.35% | 33.54% | 6.86% | 13.11% | -16.84% | 2.58% | 14.08% | 16.30% | -15.90% |
LCSMX Martin Currie SMA-Shares Series EM Fund | 37.97% | 51.52% | -13.60% | 16.26% | -27.25% | 4.73% | 35.72% | 6.81% | 1.42% |
Correlation
The correlation between DFETX and LCSMX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2018 | 0.79 |
The correlation between DFETX and LCSMX shifts across timeframes, from 0.79 (all time) to 0.90 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DFETX vs. LCSMX — Risk / Return Rank
DFETX
LCSMX
DFETX vs. LCSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Emerging Markets II Portfolio (DFETX) and Martin Currie SMA-Shares Series EM Fund (LCSMX). 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 | LCSMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.41 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 3.05 | -0.47 |
| Martin ratioReturn relative to average drawdown | 8.49 | 11.95 | -3.46 |
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Drawdowns
DFETX vs. LCSMX - Drawdown Comparison
The maximum DFETX drawdown since its inception was -62.33%, which is greater than LCSMX's maximum drawdown of -39.72%. Use the drawdown chart below to compare losses from any high point for DFETX and LCSMX.
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Drawdown Indicators
| DFETX | LCSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.33% | -39.72% | -22.61% |
Max Drawdown (1Y)Largest decline over 1 year | -14.30% | -26.28% | +11.98% |
Max Drawdown (3Y)Largest decline over 3 years | -16.13% | -26.28% | +10.15% |
Max Drawdown (5Y)Largest decline over 5 years | -29.48% | -39.68% | +10.20% |
Max Drawdown (10Y)Largest decline over 10 years | -40.20% | — | — |
Current DrawdownCurrent decline from peak | -9.44% | -19.84% | +10.40% |
Average DrawdownAverage peak-to-trough decline | -15.62% | -13.69% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.31% | 6.69% | -2.38% |
Volatility
DFETX vs. LCSMX - Volatility Comparison
The current volatility for DFA Emerging Markets II Portfolio (DFETX) is 9.36%, while Martin Currie SMA-Shares Series EM Fund (LCSMX) has a volatility of 16.83%. This indicates that DFETX experiences smaller price fluctuations and is considered to be less risky than LCSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFETX | LCSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.36% | 16.83% | -7.47% |
Volatility (6M)Calculated over the trailing 6-month period | 20.43% | 33.60% | -13.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.90% | 35.37% | -13.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 22.15% | -5.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 21.60% | -4.53% |
DFETX vs. LCSMX - Expense Ratio Comparison
DFETX has a 0.37% expense ratio, which is higher than LCSMX's 0.00% expense ratio.
Dividends
DFETX vs. LCSMX - Dividend Comparison
DFETX's dividend yield for the trailing twelve months is around 6.90%, more than LCSMX's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
LCSMX Martin Currie SMA-Shares Series EM Fund | 0.72% | 1.00% | 1.29% | 1.22% | 1.11% | 3.03% | 0.48% | 0.88% | 1.40% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DFETX and LCSMX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LCSMX has higher volatility (16.83%) compared to DFETX (9.36%). In terms of maximum drawdown, DFETX dropped -62.33% vs LCSMX's -39.72%.
LCSMX currently has the higher Sharpe Ratio (2.26 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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