DFEV vs. EVLU
DFEV (Dimensional Emerging Markets Value ETF) and EVLU (iShares MSCI Emerging Markets Value Factor ETF) are both exchange-traded funds - DFEV is a Emerging Markets Diversified fund actively managed by Dimensional, while EVLU is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Value Factor Select Index (Net). DFEV is actively managed, while EVLU is passively managed. Over the past year, DFEV returned 45.89% vs 55.54% for EVLU. Their correlation of 0.93 suggests significant overlap in exposure. DFEV charges 0.43%/yr vs 0.35%/yr for EVLU.
Performance
DFEV vs. EVLU - Performance Comparison
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Returns By Period
In the year-to-date period, DFEV achieves a 26.17% return, which is significantly lower than EVLU's 29.12% return.
DFEV
- 1D
- 0.02%
- 1M
- 2.58%
- YTD
- 26.17%
- 6M
- 26.85%
- 1Y
- 45.89%
- 3Y*
- 24.62%
- 5Y*
- —
- 10Y*
- —
EVLU
- 1D
- 0.11%
- 1M
- 3.22%
- YTD
- 29.12%
- 6M
- 29.73%
- 1Y
- 55.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFEV vs. EVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DFEV Dimensional Emerging Markets Value ETF | 26.17% | 32.54% | -1.19% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 29.12% | 38.54% | 1.21% |
Correlation
The correlation between DFEV and EVLU 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 (All Time) Calculated using the full available price history since Sep 6, 2024 | 0.93 |
The correlation between DFEV and EVLU has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.
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Return for Risk
DFEV vs. EVLU — Risk / Return Rank
DFEV
EVLU
DFEV vs. EVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Markets Value ETF (DFEV) and iShares MSCI Emerging Markets Value Factor ETF (EVLU). 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 | EVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.50 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.06 | 4.33 | -0.27 |
| Martin ratioReturn relative to average drawdown | 14.46 | 15.09 | -0.63 |
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Drawdowns
DFEV vs. EVLU - Drawdown Comparison
The maximum DFEV drawdown since its inception was -18.49%, which is greater than EVLU's maximum drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for DFEV and EVLU.
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Drawdown Indicators
| DFEV | EVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.49% | -17.17% | -1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -11.35% | -12.90% | +1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -17.94% | — | — |
Current DrawdownCurrent decline from peak | -4.79% | -5.83% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -3.53% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 3.69% | -0.51% |
Volatility
DFEV vs. EVLU - Volatility Comparison
Dimensional Emerging Markets Value ETF (DFEV) has a higher volatility of 11.40% compared to iShares MSCI Emerging Markets Value Factor ETF (EVLU) at 9.29%. This indicates that DFEV's price experiences larger fluctuations and is considered to be riskier than EVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFEV | EVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.40% | 9.29% | +2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 17.91% | 17.62% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.85% | 20.17% | -0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.04% | 20.34% | -3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 20.34% | -3.30% |
DFEV vs. EVLU - Expense Ratio Comparison
DFEV has a 0.43% expense ratio, which is higher than EVLU's 0.35% expense ratio.
Dividends
DFEV vs. EVLU - Dividend Comparison
DFEV's dividend yield for the trailing twelve months is around 2.04%, less than EVLU's 3.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DFEV Dimensional Emerging Markets Value ETF | 2.04% | 2.69% | 3.17% | 3.47% | 3.35% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 3.77% | 5.20% | 1.03% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, DFEV and EVLU 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.
DFEV has higher volatility (11.40%) compared to EVLU (9.29%). In terms of maximum drawdown, DFEV dropped -18.49% vs EVLU's -17.17%.
On 1-year performance, EVLU leads with 55.54% vs 45.89% for DFEV. On fees, EVLU is cheaper at 0.35% per year. On volatility, EVLU has been the lower-risk option at 9.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EVLU has performed better with a 55.54% return vs 45.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVLU is cheaper with a 0.35% expense ratio, compared with 0.43% for DFEV.
EVLU has the higher dividend yield at 3.77%, compared with 2.04% for DFEV.
DFEV is categorized as Emerging Markets Diversified, while EVLU is Emerging Markets Equities. They also come from different issuers: Dimensional and iShares. Their fees differ too: 0.43% for DFEV and 0.35% for EVLU.
EVLU currently has the higher Sharpe Ratio (2.79 vs 2.34), 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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