DFGEX vs. DFLVX

Last updated Jun 3, 2026

DFGEX (DFA Global Real Estate Securities Portfolio) and DFLVX (DFA U.S. Large Cap Value Portfolio) are both mutual funds - DFGEX is a REIT fund managed by Dimensional, while DFLVX is a Large Cap Value Equities fund managed by Dimensional. Over the past 10 years, DFGEX returned 3.79%/yr vs 11.82%/yr for DFLVX. A 0.60 correlation means they provide meaningful diversification when combined. DFGEX charges 0.14%/yr vs 0.22%/yr for DFLVX.

Performance

DFGEX vs. DFLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA Global Real Estate Securities Portfolio (DFGEX) and DFA U.S. Large Cap Value Portfolio (DFLVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFGEX achieves a 7.74% return, which is significantly lower than DFLVX's 14.74% return. Over the past 10 years, DFGEX has underperformed DFLVX with an annualized return of 3.79%, while DFLVX has yielded a comparatively higher 11.82% annualized return.

DFGEX

• 1D: -1.66%
• 1M: -1.48%
• YTD: 7.74%
• 6M: 7.73%
• 1Y: 9.95%
• 3Y*: 9.16%
• 5Y*: 1.88%
• 10Y*: 3.79%

DFLVX

• 1D: 0.22%
• 1M: 3.97%
• YTD: 14.74%
• 6M: 17.76%
• 1Y: 33.30%
• 3Y*: 18.94%
• 5Y*: 10.77%
• 10Y*: 11.82%

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

DFGEX vs. DFLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFGEX DFA Global Real Estate Securities Portfolio	7.74%	7.92%	1.92%	9.54%	-23.84%	31.03%	-6.71%	26.32%	-4.12%	5.95%
DFLVX DFA U.S. Large Cap Value Portfolio	14.74%	16.36%	12.76%	11.52%	-5.81%	30.40%	-0.58%	25.46%	-11.68%	18.50%

Correlation

The correlation between DFGEX and DFLVX is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Aug 6, 2012	0.60

The correlation between DFGEX and DFLVX shifts across timeframes, from 0.55 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

DFGEX vs. DFLVX — Risk / Return Rank

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

DFGEX

DFGEX Risk / Return Rank: 12
DFGEX Sharpe Ratio Rank: 11
DFGEX Sortino Ratio Rank: 10
DFGEX Omega Ratio Rank: 10
DFGEX Calmar Ratio Rank: 13
DFGEX Martin Ratio Rank: 15

DFLVX

DFLVX Risk / Return Rank: 90
DFLVX Sharpe Ratio Rank: 92
DFLVX Sortino Ratio Rank: 90
DFLVX Omega Ratio Rank: 82
DFLVX Calmar Ratio Rank: 94
DFLVX Martin Ratio Rank: 93

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.

DFGEX vs. DFLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA Global Real Estate Securities Portfolio (DFGEX) and DFA U.S. Large Cap Value Portfolio (DFLVX). 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.

	DFGEX	DFLVX	Difference
Sharpe ratio Return per unit of total volatility	0.90	3.09	-2.19
Sortino ratio Return per unit of downside risk	1.29	4.37	-3.08
Omega ratio Gain probability vs. loss probability	1.16	1.55	-0.38
Calmar ratio Return relative to maximum drawdown	1.27	5.59	-4.31
Martin ratio Return relative to average drawdown	4.50	20.61	-16.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFGEX vs. DFLVX - Sharpe Ratio Comparison

The current DFGEX Sharpe Ratio is 0.90, which is lower than the DFLVX Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of DFGEX and DFLVX, 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

	DFGEX	DFLVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	3.09	-2.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	0.68	-0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	0.65	-0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.53	-0.20

Drawdowns

DFGEX vs. DFLVX - Drawdown Comparison

The maximum DFGEX drawdown since its inception was -42.67%, smaller than the maximum DFLVX drawdown of -65.65%. Use the drawdown chart below to compare losses from any high point for DFGEX and DFLVX.

Drawdown Indicators

	DFGEX	DFLVX	Difference
Max Drawdown Largest peak-to-trough decline	-42.67%	-65.65%	+22.98%
Max Drawdown (1Y) Largest decline over 1 year	-9.04%	-5.86%	-3.18%
Max Drawdown (3Y) Largest decline over 3 years	-17.37%	-16.64%	-0.73%
Max Drawdown (5Y) Largest decline over 5 years	-32.78%	-19.83%	-12.95%
Max Drawdown (10Y) Largest decline over 10 years	-42.67%	-41.79%	-0.88%
Current Drawdown Current decline from peak	-2.59%	0.00%	-2.59%
Average Drawdown Average peak-to-trough decline	-9.65%	-8.48%	-1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	1.59%	+0.97%

Volatility

DFGEX vs. DFLVX - Volatility Comparison

DFA Global Real Estate Securities Portfolio (DFGEX) has a higher volatility of 3.45% compared to DFA U.S. Large Cap Value Portfolio (DFLVX) at 2.77%. This indicates that DFGEX's price experiences larger fluctuations and is considered to be riskier than DFLVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFGEX	DFLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	2.77%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	8.64%	8.17%	+0.47%
Volatility (1Y) Calculated over the trailing 1-year period	11.70%	11.00%	+0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.28%	15.87%	+0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.71%	18.38%	-0.67%

DFGEX vs. DFLVX - Expense Ratio Comparison

DFGEX has a 0.14% expense ratio, which is lower than DFLVX's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DFGEX vs. DFLVX - Dividend Comparison

DFGEX's dividend yield for the trailing twelve months is around 3.78%, more than DFLVX's 1.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFGEX DFA Global Real Estate Securities Portfolio	3.78%	4.07%	3.78%	3.36%	5.70%	4.50%	2.29%	6.95%	5.09%	0.64%	0.32%	2.45%
DFLVX DFA U.S. Large Cap Value Portfolio	1.47%	1.71%	1.87%	3.65%	4.56%	5.90%	1.97%	4.04%	7.83%	6.06%	3.77%	6.52%

Frequently Asked Questions

Can I hold both DFGEX and DFLVX in my portfolio?

DFGEX and DFLVX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFGEX or DFLVX?

DFGEX has higher volatility (3.45%) compared to DFLVX (2.77%). In terms of maximum drawdown, DFGEX dropped -42.67% vs DFLVX's -65.65%.

Which has better risk-adjusted returns?

DFLVX currently has the higher Sharpe Ratio (3.09 vs 0.90), 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.