DFIC vs. SPY
Compare and contrast key facts about DFA Dimensional International Core Equity 2 ETF (DFIC) and SPDR S&P 500 ETF (SPY).
DFIC and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFIC is an actively managed fund by Dimensional. It was launched on Mar 23, 2022. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFIC or SPY.
Key characteristics
| DFIC | SPY | |
|---|---|---|
| YTD Return | 7.21% | 27.16% |
| 1Y Return | 18.53% | 37.73% |
| Sharpe Ratio | 1.52 | 3.25 |
| Sortino Ratio | 2.15 | 4.32 |
| Omega Ratio | 1.27 | 1.61 |
| Calmar Ratio | 2.65 | 4.74 |
| Martin Ratio | 8.58 | 21.51 |
| Ulcer Index | 2.25% | 1.85% |
| Daily Std Dev | 12.68% | 12.20% |
| Max Drawdown | -24.40% | -55.19% |
| Current Drawdown | -5.41% | 0.00% |
Correlation
The correlation between DFIC and SPY is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DFIC vs. SPY - Performance Comparison
In the year-to-date period, DFIC achieves a 7.21% return, which is significantly lower than SPY's 27.16% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DFIC vs. SPY - Expense Ratio Comparison
DFIC has a 0.23% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
DFIC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Dimensional International Core Equity 2 ETF (DFIC) and SPDR S&P 500 ETF (SPY). 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.
Dividends
DFIC vs. SPY - Dividend Comparison
DFIC's dividend yield for the trailing twelve months is around 2.58%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFIC DFA Dimensional International Core Equity 2 ETF | 2.58% | 2.54% | 1.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
DFIC vs. SPY - Drawdown Comparison
The maximum DFIC drawdown since its inception was -24.40%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DFIC and SPY. For additional features, visit the drawdowns tool.
Volatility
DFIC vs. SPY - Volatility Comparison
The current volatility for DFA Dimensional International Core Equity 2 ETF (DFIC) is 3.53%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.92%. This indicates that DFIC experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.