DFEV vs. BTGD

Last updated Jun 9, 2026

DFEV (Dimensional Emerging Markets Value ETF) and BTGD (STKD Bitcoin & Gold ETF) are both exchange-traded funds - DFEV is a Emerging Markets Diversified fund actively managed by Dimensional, while BTGD is a Cryptocurrency fund actively managed by Quantify Funds. Both are actively managed. Over the past year, DFEV returned 46.17% vs -31.91% for BTGD. At a 0.44 correlation, their price movements are largely independent. DFEV charges 0.43%/yr vs 1.00%/yr for BTGD.

Performance

DFEV vs. BTGD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Emerging Markets Value ETF (DFEV) and STKD Bitcoin & Gold ETF (BTGD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFEV achieves a 22.81% return, which is significantly higher than BTGD's -32.80% return.

DFEV

• 1D: 1.62%
• 1M: -2.01%
• YTD: 22.81%
• 6M: 25.32%
• 1Y: 46.17%
• 3Y*: 22.74%
• 5Y*: —
• 10Y*: —

BTGD

• 1D: 5.44%
• 1M: -28.40%
• YTD: -32.80%
• 6M: -33.78%
• 1Y: -31.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DFEV vs. BTGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DFEV Dimensional Emerging Markets Value ETF	22.81%	32.54%	-6.12%
BTGD STKD Bitcoin & Gold ETF	-32.80%	34.62%	29.81%

Correlation

The correlation between DFEV and BTGD is 0.52, 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	0.52
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024	0.44

The correlation between DFEV and BTGD has been stable across timeframes, ranging from 0.44 to 0.52 - a consistent structural relationship.

Return for Risk

DFEV vs. BTGD — Risk / Return Rank

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

DFEV

DFEV Risk / Return Rank: 83
DFEV Sharpe Ratio Rank: 86
DFEV Sortino Ratio Rank: 80
DFEV Omega Ratio Rank: 86
DFEV Calmar Ratio Rank: 83
DFEV Martin Ratio Rank: 82

BTGD

BTGD Risk / Return Rank: 4
BTGD Sharpe Ratio Rank: 5
BTGD Sortino Ratio Rank: 5
BTGD Omega Ratio Rank: 5
BTGD Calmar Ratio Rank: 4
BTGD Martin Ratio Rank: 3

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.

DFEV vs. BTGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Markets Value ETF (DFEV) and STKD Bitcoin & Gold ETF (BTGD). 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.

	DFEV	BTGD	Difference
Sharpe ratio: Return per unit of total volatility	2.52	-0.57	+3.10
Sortino ratio: Return per unit of downside risk	3.20	-0.55	+3.76
Omega ratio: Gain probability vs. loss probability	1.47	0.93	+0.54
Calmar ratio: Return relative to maximum drawdown	4.09	-0.60	+4.69
Martin ratio: Return relative to average drawdown	15.04	-1.29	+16.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFEV vs. BTGD - Sharpe Ratio Comparison

The current DFEV Sharpe Ratio is 2.52, which is higher than the BTGD Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of DFEV and BTGD, 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

	DFEV	BTGD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	-0.57	+3.10
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	0.19	+0.82

Drawdowns

DFEV vs. BTGD - Drawdown Comparison

The maximum DFEV drawdown since its inception was -18.49%, smaller than the maximum BTGD drawdown of -53.31%. Use the drawdown chart below to compare losses from any high point for DFEV and BTGD.

Drawdown Indicators

	DFEV	BTGD	Difference
Max Drawdown Largest peak-to-trough decline	-18.49%	-53.31%	+34.82%
Max Drawdown (1Y) Largest decline over 1 year	-11.35%	-53.31%	+41.96%
Max Drawdown (3Y) Largest decline over 3 years	-17.94%	—	—
Current Drawdown Current decline from peak	-6.42%	-50.77%	+44.35%
Average Drawdown Average peak-to-trough decline	-4.65%	-14.85%	+10.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	24.72%	-21.64%

Volatility

DFEV vs. BTGD - Volatility Comparison

The current volatility for Dimensional Emerging Markets Value ETF (DFEV) is 9.67%, while STKD Bitcoin & Gold ETF (BTGD) has a volatility of 14.85%. This indicates that DFEV experiences smaller price fluctuations and is considered to be less risky than BTGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFEV	BTGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.67%	14.85%	-5.18%
Volatility (6M) Calculated over the trailing 6-month period	16.20%	46.45%	-30.25%
Volatility (1Y) Calculated over the trailing 1-year period	18.42%	56.04%	-37.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.68%	55.94%	-39.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.68%	55.94%	-39.26%

DFEV vs. BTGD - Expense Ratio Comparison

DFEV has a 0.43% expense ratio, which is lower than BTGD's 1.00% expense ratio.

Dividends

DFEV vs. BTGD - Dividend Comparison

DFEV's dividend yield for the trailing twelve months is around 2.13%, less than BTGD's 5.00% yield.

Position	TTM	2025	2024	2023	2022
BTGD STKD Bitcoin & Gold ETF	5.00%	3.36%	0.19%	0.00%	0.00%
DFEV Dimensional Emerging Markets Value ETF	2.13%	2.69%	3.17%	3.47%	3.35%

Frequently Asked Questions

Can I hold both DFEV and BTGD in my portfolio?

DFEV and BTGD have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFEV or BTGD?

BTGD has higher volatility (14.85%) compared to DFEV (9.67%). In terms of maximum drawdown, DFEV dropped -18.49% vs BTGD's -53.31%.

Which ETF is better, DFEV or BTGD?

On 1-year performance, DFEV leads with 46.17% vs -31.91% for BTGD. On fees, DFEV is cheaper at 0.43% per year. On volatility, DFEV has been the lower-risk option at 9.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFEV or BTGD?

Over the 1-year period, DFEV has performed better with a 46.17% return vs -31.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFEV or BTGD?

DFEV is cheaper with a 0.43% expense ratio, compared with 1.00% for BTGD.

Which ETF pays a higher dividend yield, DFEV or BTGD?

BTGD has the higher dividend yield at 5.00%, compared with 2.13% for DFEV.

What is the main difference between DFEV and BTGD?

DFEV is categorized as Emerging Markets Diversified, while BTGD is Cryptocurrency. They also come from different issuers: Dimensional and Quantify Funds. Their fees differ too: 0.43% for DFEV and 1.00% for BTGD.

Which has better risk-adjusted returns?

DFEV currently has the higher Sharpe Ratio (2.52 vs -0.57), 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.