DFEV vs. DVYE
DFEV (Dimensional Emerging Markets Value ETF) and DVYE (iShares Emerging Markets Dividend ETF) are both exchange-traded funds - DFEV is a Emerging Markets Diversified fund actively managed by Dimensional, while DVYE is a Emerging Markets Equities fund tracking the Dow Jones Emerging Markets Select Dividend Index. DFEV is actively managed, while DVYE is passively managed. Over the past 3 years, DFEV returned 24.39%/yr vs 19.95%/yr for DVYE. Their correlation of 0.82 suggests significant overlap in exposure. DFEV charges 0.43%/yr vs 0.49%/yr for DVYE.
Performance
DFEV vs. DVYE - Performance Comparison
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Returns By Period
In the year-to-date period, DFEV achieves a 25.45% return, which is significantly higher than DVYE's 6.75% return.
DFEV
- 1D
- -5.33%
- 1M
- 2.00%
- YTD
- 25.45%
- 6M
- 26.35%
- 1Y
- 48.75%
- 3Y*
- 24.39%
- 5Y*
- —
- 10Y*
- —
DVYE
- 1D
- -2.04%
- 1M
- -3.13%
- YTD
- 6.75%
- 6M
- 7.37%
- 1Y
- 23.11%
- 3Y*
- 19.95%
- 5Y*
- 4.56%
- 10Y*
- 7.59%
DFEV vs. DVYE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DFEV Dimensional Emerging Markets Value ETF | 25.45% | 32.54% | 7.26% | 15.52% | -6.08% |
DVYE iShares Emerging Markets Dividend ETF | 6.75% | 28.36% | 8.89% | 20.88% | -12.28% |
Correlation
The correlation between DFEV and DVYE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | 0.82 |
The correlation between DFEV and DVYE has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.
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Return for Risk
DFEV vs. DVYE — Risk / Return Rank
DFEV
DVYE
DFEV vs. DVYE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Markets Value ETF (DFEV) and iShares Emerging Markets Dividend ETF (DVYE). 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 | DVYE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.27 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.31 | 3.18 | +1.13 |
| Martin ratioReturn relative to average drawdown | 15.41 | 8.93 | +6.49 |
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Drawdowns
DFEV vs. DVYE - Drawdown Comparison
The maximum DFEV drawdown since its inception was -18.49%, smaller than the maximum DVYE drawdown of -47.42%. Use the drawdown chart below to compare losses from any high point for DFEV and DVYE.
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Drawdown Indicators
| DFEV | DVYE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.49% | -47.42% | +28.93% |
Max Drawdown (1Y)Largest decline over 1 year | -11.35% | -7.30% | -4.05% |
Max Drawdown (3Y)Largest decline over 3 years | -17.94% | -14.63% | -3.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.89% | — |
Current DrawdownCurrent decline from peak | -5.33% | -7.30% | +1.97% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -15.34% | +10.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.59% | +0.58% |
Volatility
DFEV vs. DVYE - Volatility Comparison
Dimensional Emerging Markets Value ETF (DFEV) has a higher volatility of 11.67% compared to iShares Emerging Markets Dividend ETF (DVYE) at 5.61%. This indicates that DFEV's price experiences larger fluctuations and is considered to be riskier than DVYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFEV | DVYE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.67% | 5.61% | +6.06% |
Volatility (6M)Calculated over the trailing 6-month period | 18.08% | 12.32% | +5.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.00% | 14.92% | +5.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.09% | 17.09% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.09% | 18.33% | -1.24% |
DFEV vs. DVYE - Expense Ratio Comparison
DFEV has a 0.43% expense ratio, which is lower than DVYE's 0.49% expense ratio.
Dividends
DFEV vs. DVYE - Dividend Comparison
DFEV's dividend yield for the trailing twelve months is around 2.09%, less than DVYE's 5.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFEV Dimensional Emerging Markets Value ETF | 2.09% | 2.69% | 3.17% | 3.47% | 3.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DVYE iShares Emerging Markets Dividend ETF | 5.05% | 5.88% | 11.81% | 9.05% | 9.89% | 7.31% | 5.27% | 5.97% | 5.69% | 4.81% | 4.56% | 6.53% |
Frequently Asked Questions
DFEV and DVYE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFEV has higher volatility (11.67%) compared to DVYE (5.61%). In terms of maximum drawdown, DFEV dropped -18.49% vs DVYE's -47.42%.
On 3-year performance, DFEV leads with 24.39% vs 19.95% for DVYE. On fees, DFEV is cheaper at 0.43% per year. On volatility, DVYE has been the lower-risk option at 5.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DFEV has performed better with a 24.39% return vs 19.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DFEV is cheaper with a 0.43% expense ratio, compared with 0.49% for DVYE.
DVYE has the higher dividend yield at 5.05%, compared with 2.09% for DFEV.
DFEV is categorized as Emerging Markets Diversified, while DVYE is Emerging Markets Equities. They also come from different issuers: Dimensional and iShares. Their fees differ too: 0.43% for DFEV and 0.49% for DVYE.
DFEV currently has the higher Sharpe Ratio (2.45 vs 1.56), 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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