DFEV vs. DEHP

Last updated Jul 14, 2026

DFEV (Dimensional Emerging Markets Value ETF) and DEHP (Dimensional Emerging Markets High Profitability ETF) are both Emerging Markets Diversified funds from Dimensional. Both are actively managed. Over the past 3 years, DFEV returned 21.30%/yr vs 20.32%/yr for DEHP. Their correlation of 0.93 suggests significant overlap in exposure. DFEV charges 0.43%/yr vs 0.41%/yr for DEHP.

Performance

DFEV vs. DEHP - Performance Comparison

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

Returns By Period

In the year-to-date period, DFEV achieves a 21.55% return, which is significantly lower than DEHP's 24.36% return.

DFEV

• 1D: -2.98%
• 1M: -4.43%
• 6M: 16.87%
• YTD: 21.55%
• 1Y: 37.63%
• 3Y*: 21.30%
• 5Y*: —
• 10Y*: —

DEHP

• 1D: -3.95%
• 1M: -5.29%
• 6M: 17.27%
• YTD: 24.36%
• 1Y: 44.89%
• 3Y*: 20.32%
• 5Y*: —
• 10Y*: —

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

DFEV vs. DEHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DFEV Dimensional Emerging Markets Value ETF	21.55%	32.54%	7.26%	15.52%	-6.08%
DEHP Dimensional Emerging Markets High Profitability ETF	24.36%	32.86%	4.47%	12.31%	-9.73%

Correlation

The correlation between DFEV and DEHP is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022	0.93

The correlation between DFEV and DEHP has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.

Return for Risk

DFEV vs. DEHP — Risk / Return Rank

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

DFEV

DFEV Risk / Return Rank: 73
DFEV Sharpe Ratio Rank: 72
DFEV Sortino Ratio Rank: 65
DFEV Omega Ratio Rank: 75
DFEV Calmar Ratio Rank: 79
DFEV Martin Ratio Rank: 75

DEHP

DEHP Risk / Return Rank: 72
DEHP Sharpe Ratio Rank: 69
DEHP Sortino Ratio Rank: 61
DEHP Omega Ratio Rank: 71
DEHP Calmar Ratio Rank: 81
DEHP Martin Ratio Rank: 78

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. DEHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Markets Value ETF (DFEV) and Dimensional Emerging Markets High Profitability ETF (DEHP). 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.

	DFEV	DEHP	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.76	+0.07
Sortino ratio: Return per unit of downside risk	2.39	2.29	+0.11
Omega ratio: Gain probability vs. loss probability	1.35	1.33	+0.02
Calmar ratio: Return relative to maximum drawdown	3.33	3.43	-0.10
Martin ratio: Return relative to average drawdown	10.95	11.67	-0.72

DFEV vs. DEHP - Sharpe Ratio Comparison

The current DFEV Sharpe Ratio is 1.84, which is comparable to the DEHP Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of DFEV and DEHP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DFEV vs. DEHP - Drawdown Comparison

The maximum DFEV drawdown since its inception was -18.49%, smaller than the maximum DEHP drawdown of -22.90%. Use the drawdown chart below to compare losses from any high point for DFEV and DEHP.

Drawdown Indicators

	DFEV	DEHP	Difference
Max Drawdown Largest peak-to-trough decline	-18.49%	-22.90%	+4.41%
Max Drawdown (1Y) Largest decline over 1 year	-11.35%	-13.16%	+1.81%
Max Drawdown (3Y) Largest decline over 3 years	-17.94%	-19.14%	+1.20%
Current Drawdown Current decline from peak	-8.28%	-10.88%	+2.60%
Average Drawdown Average peak-to-trough decline	-4.65%	-5.74%	+1.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.45%	3.86%	-0.41%

Volatility

DFEV vs. DEHP - Volatility Comparison

The current volatility for Dimensional Emerging Markets Value ETF (DFEV) is 10.27%, while Dimensional Emerging Markets High Profitability ETF (DEHP) has a volatility of 13.04%. This indicates that DFEV experiences smaller price fluctuations and is considered to be less risky than DEHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFEV	DEHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.27%	13.04%	-2.77%
Volatility (6M) Calculated over the trailing 6-month period	18.90%	23.75%	-4.85%
Volatility (1Y) Calculated over the trailing 1-year period	20.62%	25.64%	-5.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	19.80%	-2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.22%	19.80%	-2.58%

DFEV vs. DEHP - Expense Ratio Comparison

DFEV has a 0.43% expense ratio, which is higher than DEHP's 0.41% expense ratio.

Dividends

DFEV vs. DEHP - Dividend Comparison

DFEV's dividend yield for the trailing twelve months is around 2.11%, more than DEHP's 1.40% yield.

Position	TTM	2025	2024	2023	2022
DEHP Dimensional Emerging Markets High Profitability ETF	1.40%	1.73%	2.44%	2.84%	1.65%
DFEV Dimensional Emerging Markets Value ETF	2.11%	2.69%	3.17%	3.47%	3.35%

Frequently Asked Questions

Can I hold both DFEV and DEHP in my portfolio?

With a correlation of 0.93, DFEV and DEHP 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.

Which is riskier, DFEV or DEHP?

DEHP has higher volatility (13.04%) compared to DFEV (10.27%). In terms of maximum drawdown, DFEV dropped -18.49% vs DEHP's -22.90%.

Which ETF is better, DFEV or DEHP?

On 3-year performance, DFEV leads with 21.30% vs 20.32% for DEHP. On fees, DEHP is cheaper at 0.41% per year. On volatility, DFEV has been the lower-risk option at 10.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFEV or DEHP?

Over the 3-year period, DFEV has performed better with a 21.30% return vs 20.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFEV or DEHP?

DEHP is cheaper with a 0.41% expense ratio, compared with 0.43% for DFEV.

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

DFEV has the higher dividend yield at 2.11%, compared with 1.40% for DEHP.

What is the main difference between DFEV and DEHP?

Their fees differ too: 0.43% for DFEV and 0.41% for DEHP.

Which has better risk-adjusted returns?

DFEV currently has the higher Sharpe Ratio (1.84 vs 1.76), 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.